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Trends & Industry IssuesSDM Newswire

Global Video Doorbell Market Forecast to Reach $4B by 2030

By SDM Editors
Ring video doorbell

IMAGE COURTESY OF RING

October 7, 2022

The global video doorbell market is anticipated to reach a value of approximately $4 billion by 2030, with a compound annual growth rate (CAGR) of 8.5% over the forecast period (2022–2030), according to Straits Research. 

North America is the most dominant region in the global market. It is estimated to reach an expected value of $915 million by 2030 at a CAGR of 7.95%. Major home improvement projects in the region are boosting adoption of video doorbells. The growing smart home trend as well as rising concerns over burglaries and crime rates are also driving demand for doorbell cameras. 

Europe held a 27.8% share of the global doorbell camera market and is estimated to reach an expected value of $770 million by 2030 at a CAGR of 8.12%. Increasing adoption of home security systems is driving the market in the region. The United Kingdom emerged as the fastest-growing market for doorbell cameras in Europe. The growth of the market can be attributed to the increasing penetration of smart security devices, rising theft cases among the geriatric population, increasing crime rates, and growing interest for in-home convenience and safety products. 

By product, the global video doorbell market is divided into wired and wireless. The wired segment is expected to retain its dominant position throughout the forecast period. It is estimated to reach an expected value of $1.7 billion by 2030 at a CAGR of 8.15%. 

By distribution channel, the video doorbell market is divided into online and offline. The offline segment dominated the market. It is estimated to reach an expected value of $1.73 billion by 2030 at a CAGR of 8.1%.

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KEYWORDS: research smart home Video doorbell

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