The global smart doorbell products market was valued at USD 2.24 billion in 2021 and is expected to expand at a CAGR of 27.1% from 2022 to 2030. The growth of the market is primarily driven by the growing adoption of smart home technologies, increasing security concerns and the surge in the construction of new residential units. Furthermore, the growing demand for smart doorbells that are equipped with advanced features such as facial recognition, motion detection, and two-way audio communication is propelling the growth of the market.

Moreover, the technological advancement of the products is another factor contributing to the growth of the market. Key players are introducing innovative products with advanced features such as Wi-Fi and Bluetooth connectivity, night vision, and weatherproofing capabilities. For instance, in March 2021, Deep Sentinel launched a new smart doorbell, which is designed to detect suspicious activity and alert homeowners in real-time.

The growing demand for DIY smart doorbells is one of the major trends in the market. This is due to the ease of installation and cost-effectiveness of these products. Moreover, the rising popularity of smart home technologies is also driving the demand for DIY doorbells. For instance, in April 2021, Ring announced the launch of the Ring Video Doorbell 3 series, which is a DIY product that can be installed without the help of professionals.

Furthermore, the increasing use of voice-controlled digital assistants is also driving the demand for smart doorbells. Voice-controlled digital assistants, such as Amazon Alexa, Google Home, and Apple Siri, enable home automation and provide users with a hands-free experience. For instance, in October 2020, Ring announced the compatibility of its products with the Amazon Alexa Voice Service, which allows users to access their doorbells with their voice.

The increasing focus on energy efficiency is also driving the demand for smart doorbells. Smart doorbells are equipped with advanced features such as solar power, motion sensors, and intelligent sensors that enable users to control their energy consumption. For instance, in March 2021, Ring launched the Ring Solar Panel, which is a solar-powered device that can be used to power the Ring Video Doorbell 3 series.

The video doorbells segment is expected to account for the largest market share of 36.4% in 2022. Increasing demand for smart home products has been driving the demand for video doorbells over the years. According to an article published by Beta News in November 2019, around 43% of U.S. households owned some form of smart home device. The increasing adoption of smart home products has been bolstering the demand for video doorbells. In addition, the rising disposable income and the growing trend of technological advancements are further driving the market.

The traditional doorbells segment is anticipated to expand at the fastest CAGR of 8.5% over the forecast period. Growing demand for cost-effective doorbells, easy installation, and low maintenance costs are some of the factors driving the growth of the traditional doorbells market. Furthermore, increasing trends of smart homes and the emergence of various technological advancements are further propelling the growth of the traditional doorbells market.

The offline segment held a significant share of over 56.9% in 2022. The increasing number of home improvement projects and increasing awareness among consumers about smart home technology are driving the growth of the segment. The increasing penetration of smartphones, along with the growing availability of smart doorbells in retail stores, is expected to drive the segment in the forecast period.

The online segment is expected to expand at a fast pace of 11.2% during the forecast period. The rising popularity of e-commerce platforms as a convenient and cost-effective source of buying products is driving the segment growth. Moreover, the growing penetration of internet and increasing availability of smart doorbells on e-commerce websites are further driving the segment growth. In addition, customers prefer online stores due to the availability of discounts and offers.

The wired segment accounted for the highest revenue share of 64.7% in the year 2022. This is due to the availability of a wide range of wired doorbells in the market with advanced features such as two-way audio, night vision, motion sensors, and video recording. Furthermore, these doorbells are relatively cheaper compared to their wireless counterparts and are easy to install.

The wireless segment is anticipated to expand at the highest CAGR of 14.2% over the forecast period. This is attributed to the increasing demand for advanced wireless doorbells with features such as two-way audio, motion detection, and night vision. Furthermore, wireless doorbell systems are easy to install and provide greater flexibility in terms of location. Additionally, the emergence of cloud-based technologies that enable wireless doorbells to be integrated with security systems is also driving the market.

Europe is expected to account for the largest share among global regions. The region is home to major smart doorbell manufacturers such as August Home, Ring, and Nest Labs. The booming construction industry in the region is a major factor driving the growth of the market. For instance, in April 2021, the Italian construction sector registered a 14.1% increase in the number of building permits issued.

North America is expected to witness the second-fastest growth in the coming years. Rapid urbanization and rising disposable income among consumers are expected to drive the demand for smart doorbells in the region. Additionally, various players are launching innovative products in the market to increase their customer base. For instance, in April 2021, Ring launched the Video Doorbell 4, which is powered by the company’s new Pre-Roll technology, allowing consumers to see four seconds of video before motion is detected.

In this part of the smart doorbell products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a smart doorbell products business comes from the sales of the doorbells and accessories. Here you will find a list with a description of each of them and other possible sources of profit such as advertising, commissions, and partnerships.

Projecting Expenses
In this section, all the regular expenses related to keeping the smart doorbell products business running will be described. The list of operating expenses includes manufacturing costs, advertising and marketing, overhead costs, legal and professional fees, and other miscellaneous expenses.

Some of the key companies operating in the smart doorbell market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In April 2022, Ring launched the Video Doorbell Wired, a wired version of their popular Video Doorbell that offers a more affordable way to access their products.

– In August 2022, August Home launched the August Doorbell Cam Pro, a high-resolution smart doorbell with advanced camera features.

– In October 2022, Nest Labs launched the Nest Hello, a high-resolution doorbell with facial recognition capabilities.

Some of the prominent players in the smart doorbell market include:

– August Home
– Ring
– Nest Labs
– Vivint
– Skybell Technologies
– Remo+
– Arlo Technologies
– Honeywell International Inc.
– Zmodo Technologies Co., Ltd.
– Eufy Security

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global smart doorbell products market based on product type, application, distribution channel, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Video Doorbells
– Wireless Doorbells
– Smart Doorbell Cameras

2. Application Outlook (Revenue, USD Million, 2017 – 2030)

– Residential
– Commercial

3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Benefits of Smart Doorbells?
[A]: Smart doorbells offer a range of advantages such as improved security, convenience, energy efficiency, and easy access to visitors. They can sense movement and alert users when someone is at the door, as well as provide live video streaming and two-way communication. Smart doorbells also come with smart locks to allow users to lock and unlock their doors remotely.

[Q]: What are the Major Drivers of the Smart Doorbells Market?
[A]: Factors such as increasing awareness about home security systems and the emergence of DIY security solutions are key drivers for the smart doorbells market. In addition, technological innovations such as the integration of Wi-Fi and Bluetooth, as well as the emergence of voice-activated virtual assistants, are expected to propel the market growth.

[Q]: Who are the Key Players in the Smart Doorbells Market?
[A]: Key players in the smart doorbells market include Ring Inc., August Home Inc., Skybell Technologies, Vivint, Inc., Zmodo Technology Corporation, Remo+ Technology Inc., and Leeo Inc.

[Q]: What is the Potential for Growth in the Smart Doorbells Market?
[A]: The smart doorbells market is expected to register a CAGR of 16.1% during the forecast period 2018-2025.

[Q]: What are the Major End-use Segments of Smart Doorbells?
[A]: The major end-use segments of smart doorbells are residential and commercial. The residential segment is expected to dominate the market due to the increasing security concerns among homeowners and the growing trend of home automation.