WASHINGTON, November 26, 2021 (GLOBE NEWSWIRE) – Growing awareness of home safety and security in major cities is driving the growth of wireless doorbells market. Rapid urbanization and building automation is another factor fueling market growth, says Vantage Market Research, in a report titled “Wireless Doorbells Market Size, Share and COVID-19 Impact Analysis, By Type (Wired Doorbell and Wireless Doorbell), Component (Hardware and Software), End User (Residential and Commercial), Sales Channel (In-Store) and non-store) and regional forecast, 2020-2028. ”
The COVID-19 outbreak has affected various industries around the world. The wireless doorbells market had a negative impact. Governments around the world have taken tough measures like sealing borders, lockdowns and implementing strict social distancing measures, in order to stop the rapid spread of COVID-19. These actions have had serious repercussions on the global economy, affecting various industries. In addition, the reduction in construction activity has further affected the demand for wireless doorbells across the world. The impact of COVID-19 on market demand is considered while estimating the current and projected market size and market growth trends for all regions and countries based on the following data points:
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- Assessment of the impact of the COVID-19 pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Quarterly Market Revenue Forecast by Region 2020 and 2021
- Key strategies implemented by companies to fight COVID-19
The Wireless Doorbells Market Highlights Report:
- Market assessment
- Premium previews
- Competitive landscape
- Analysis of the impact of COVID
- Value chain analysis
- Historical data, estimates and forecasts
- Company Profiles
- Porter’s Five Forces Analysis
- Global and regional dynamics
The market size was $ 1.2 billion in 2020. The global wireless doorbells market size is expected to reach $ 15.5 billion by 2028, with a CAGR of 37.7% during the forecast period.
Market Snapshot:
Home Security And Safety Awareness To Boost Wireless Doorbells Market
Normal doorbells are considered to be an indication of guests, but recently in developed economies doorbells have become an important tool for home safety and security. Some of the wireless doorbells have cameras attached to the exterior door panel, which helps improve homeowner safety. In case of emergency, these doorbells are also equipped with intelligent call and alert programs. These doorbells consist of an attached speaker and microphone which provide an additional layer of security and improve the likelihood of homeowners being safe. This gives homes additional security cover as intruders and thieves cannot enter the home without the owner’s permission. Rapid urbanization and increasing crime rate in cities are boosting the global wireless doorbells market.
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Increase building automation and innovative technologies to fuel the wireless doorbells market
Recently, due to increasing urbanization, the construction sector is experiencing rapid growth as well as home automation arrangements. Thanks to these innovative techniques, wireless doorbells feature various advancements such as different types of music, design and fixing devices. An important function of the wireless doorbell is that it does not require any wiring, which makes it easy to install. As doorbell technology increases rapidly, major home owners are embracing this product. In the years to come, more innovative functions will be present in wireless doorbells to increase the safety and security of homes. These are some of the features that are increasing the sales of wireless doorbells around the world.
Regional analysis:
Growing Developments in Asia Pacific Wireless Doorbell Market Growth
Asia-Pacific is expected to witness the lucrative demand for wireless doorbell and is expected to grow at the highest CAGR of 39.6% over the projected period. The presence of the major manufacturers of wireless doorbells, the growing adoption of home security in major cities are driving the demand for the wireless doorbell market in the region. Growing developments in the Internet of Things (IoT) and artificial intelligence have prompted investors to manufacture and promote professional and home applications. The slower development of the construction sector should never generate income in the wireless doorbells market.
North America and Europe are expected to expand the market at moderate growth during the forecast period than others. This is due to the good establishment of infrastructure and security in these regions.
List of Major Players in Wireless Doorbell Market:
| Sr. No. | Companies | HEADQUARTER |
| 1. | Panasonic Corporation | Kadoma, Osaka, Japan |
| 2. | Shenzhen VStarcam Technology Co., Ltd. | Shenzhen, china |
| 3. | Ring inc. | Santa Monica, California, United States |
| 4. | SkyBell Technologies Inc. | California, United States |
| 5. | dbell inc. | Ontario, Canada |
| 6. | August, Inc. | Menlo Park, California, United States |
| 8. | Chui | Kabacan, North Cotabato, Philippines |
| 9. | Danke (XIAMEN) Intelligent Technology Co., Ltd. | Xiamen, China |
| ten. | Smartwares Group | Tilburg, Netherlands |
| 11. | Great | Limoges, France |
| 12. | Arlo Technologies, Inc. | Carlsbad, California, United States |
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Recent developments in the industry:
June 2021, Ring unveiled Ring Video Doorbell Wired, an entry-level wired version. This product, as the name suggests, requires you to have existing doorbell wiring. The main advantage of not having an internal battery is that it is quite thin while still being capable of Full HD 1080p video.
This market entitled “Wireless Doorbells Market“ will cover proprietary information in terms of geographic segmentation, regional analysis, forecast and quantitative date – units, key market trends and various others as mentioned below:
| Report attribute | Details |
| Market size 2020 value | $ 1.2 billion |
| Market forecast to 2028 | $ 15.5 billion |
| Expected CAGR growth | CAGR 37.7% from 2020-2028 |
| Year of reference | 2020 |
| Historical years | 2016 – 2019 |
| Forecast years | 2021 – 2028 |
| Covered segments |
|
| Quantitative Data – Units | Revenue in millions USD / billion and CAGR from 2021 to 2028 |
| Regions covered | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and rest of the world |
| Countries | United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others |
| Report covers | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, market share analysis of the business and impact assessment of COVID-19. |
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Contents –
- Chapter n ° 1: Introduction
- Scope of the report
- Objectives of the study
- USP Offers and Keys
- Target audience
- Vantage Tips / Walkthrough Market Research Report
- Chapter 2: Premium Previews
- Market Snapshot
- Better investment pockets
- Market attractiveness analysis, by type
- Market attractiveness analysis, by application
- Market attractiveness analysis, by North America
- Views of key informants
Our trend reports: –
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