Market revenue in 2023 | USD 490.6 million |
Market revenue in 2030 | USD 1,268.5 million |
Growth rate | 14.5% (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 53.93% in 2023. Horizon Databook has segmented the Europe doorbell camera market based on wired, wireless covering the revenue growth of each sub-segment from 2018 to 2030.
According to Eurostat’s statistics on crime and criminal justice systems, in 2018, the police recorded close to 528,000 police-recorded car thefts and assault cases of around 583,000 in the region. Increasing number of criminal cases has spurred the demand for home security systems, which is expected to favor market growth.
Wired doorbell cameras require less maintenance, where the customers do not have to worry about WiFi signal degradation or charging the camera's batteries, which is a key factor driving product demand. These security cameras are less likely to be hacked and have the benefit of being able to connect to the Internet if the users want to view footage recorded when they were away from home.
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