Smart Doorbell Market| Increasing Demand for Smart Locks to Boost the Market Growth

Home / Smart Doorbell Market| Increasing Demand for Smart Locks to Boost the Market Growth

The smart doorbell market size is poised to grow by USD 1.19 billion during 2020-2024, progressing at a CAGR of over 25% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Smart Doorbell Market 2020-2024 (Graphic: Business Wire)

The demand for smart locks is on the rise because of the benefits such as flexibility and high security, easy installation, remote locking and unlocking, and instant alerts to homeowners. The rise in cases of burglary in recent years has contributed to the demand for smart locks. Most of the customers prefer to install smart locks along with smart doorbells. This is one of the key factors driving the growth of the smart doorbells market. The entry of new players in the market has also resulted in new product launches with different applications at a much lower cost. The preference of buyers has induced vendors to offer smart locks with highly compatible smart doorbells, which will further contribute to market growth.

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Report Highlights:

  • North America was the largest smart doorbell market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The US and Canada are the key markets for smart doorbells in North America. Market growth in this region will be faster than the growth of the market in Europe.

  • The smart doorbell market is concentrated. Aeotec Ltd., Arlo Technologies Inc., August Home Inc., Eques Inc., Google LLC, iseeBell Inc., Ring LLC, SkyBell Technologies Inc., Soliom Solar Home Security, and Xiaomi Corp. are some of the major market participants. To help clients improve their market position, this smart doorbell market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the smart doorbell market 2020-2024 is expected to have Neutral and At par growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Integration of Advanced Technologies will be a Key Market Trend

The demand for smart doorbells is inducing vendors to focus on innovating their offerings. The integration of advanced technologies in smart locks and smart doorbells offers high security and reliability. Vendors are also incorporating their products with facial recognition technology, automatic detection of motion. This coupled with the growing demand for smart locks will drive smart doorbell market growth during the forecast period.

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Smart Doorbell Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist smart doorbell market growth during the next five years

  • Estimation of the smart doorbell market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the smart doorbell market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of smart doorbell market vendors

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Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

Five Forces Analysis

Market Segmentation by Product

  • Market segments

  • Comparison by Product placement

  • Stand-alone smart doorbell – Market size and forecast 2019-2024

  • Integrated smart doorbell – Market size and forecast 2019-2024

  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • APAC – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers

  • Volume driver – Demand led growth

  • Volume driver – Supply led growth

  • Volume driver – External factors

  • Volume driver – Demand shift in adjacent markets

  • Price driver – Inflation

  • Price driver – Shift from lower to higher priced units

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Aeotec Ltd.

  • Arlo Technologies Inc.

  • August Home Inc.

  • Eques Inc.

  • Google LLC

  • iseeBell Inc.

  • Ring LLC

  • SkyBell Technologies Inc.

  • Soliom Solar Home Security

  • Xiaomi Corp.

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201012005075/en/

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