Market revenue in 2023 | USD 413.6 million |
Market revenue in 2030 | USD 1,148.2 million |
Growth rate | 15.7% (CAGR from 2023 to 2030) |
Largest segment | Wired |
Fastest growing segment | Wireless |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Wired, Wireless |
Key market players worldwide | NAPCO Security Technologies Inc, VTech Holdings Ltd, AUXTRON, IFIHomes, Amazon.com Inc, SkyBell, NRG Energy Inc, Zmodo Technology, Hikvision Digital Technology |
Wired was the largest segment with a revenue share of 77.66% in 2023. Horizon Databook has segmented the Asia Pacific doorbell camera market based on wired, wireless covering the revenue growth of each sub-segment from 2018 to 2030.
The growing crime rate in countries such as Pakistan, Iran, Afghanistan, India, the Philippines, South Korea, Qatar, and China is expected to increase the utility of doorbell cameras. The high crime rate in these countries has made people immensely vulnerable and has compelled them to opt for domestic security measures. Furthermore, the availability of China-made products at a low price has made doorbell cameras more affordable and accessible for the masses.
Wireless doorbell cameras are gaining popularity due to their easy installation and modern home constructions as it is difficult to drill and wire such devices post-construction. Product launches by manufacturers have been driving consumer traction, who have been demanding new additional features such as live recording, snap photos, and HD video quality.
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