Smart Home Security Camera Market To Grow With Impressive CAGR During the Forecast Period
According to TechSci Research
report, “Global Smart Home Security Camera Market By Type (Wired, and
Wireless) By Application (Doorbell Camera, Indoor Camera, Outdoor Camera) By
Product (Dome Security Camera, Bullet Security Camera, IP Security Camera, Others)
By Resolution (HD, Non-HD) By Region, Competition Forecast & Opportunities,
2026”,
the global smart home security camera market is projected to grow at an
impressive CAGR in the forecast period, 2022-2026. The market attributes
responsible for the growth of the market are surge in the demand of home
security camera for the precautions and security concerns. Also, increasing
cases of burglary, and increasing crime rate has inclined consumers to install
security cameras at home inside and outside too such that they can keep a keen
eye on the surroundings. Moreover, surge in the demand of smart homes and
increasing number of infrastructure is also supporting the growth of the global
smart home security camera market in the upcoming five years.
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The global smart home
security cameras market is segmented by type, application, product, resolution,
competitional landscape, and regional distribution. Based on application, the
market is further bifurcated into doorbell camera, indoor camera, and outdoor
camera. Doorbell camera is anticipated to hold the fastest growth of the market
on the account of surge in the demand over any other sub-segment. Doorbell cameras
are particularly attached at the door, such that if a person is at the door, or
is ringing the alarm, the image can be perceived in the monitor inside the
house. Advanced technology in these cameras also helps any guest record a
message incase the door is unanswered. Indoor cameras are anticipated to hold
the largest shares of the market in the upcoming five years on the account of surge
in the number of burglary cases, which are drawing attention of residential
households towards indoor security. Indoor cameras provide complete control
over households throughout the day through remote access, consumers opt for
indoor application of smart home security camera for its efficiency and round
the clock functionality.
Based on product, the
market is further divided into dome security camera, bullet security camera, IP
security camera, and others. Dome security cameras are specifically designed
dome shaped security cameras that are often installed at the corners of the
room to enhance its ability to capture the 360 degree view of the surrounding.
The construction allows the functioning even in low-light or no-light settings
due to the built-in infrared LEDs. Bullet security cameras are a kind of video
surveillance camera that is typically small and shaped like a rifle bullet
shell. These cameras can easily be mounted to ceilings or walls because most of
them use a tri-axis type of mount.
Holding the largest market
shares of the global smart home security camera market, a partial list of major
market players includes, Hangzhou Hikvision Digital Technology Co. Ltd (China),
Motorola Solutions, Inc. (Motorola Home), Shenzhen Leshi Video Tech. Co., Ltd
(China), Netgear, Inc. (Arlo), FrontPoint Security Solutions, LLC (U.S.),
Vivint, Inc. (U.S.), Panasonic Corporation (Japan), SimpliSafe (U.S.), Godrej
Security Solutions (Godrej & Boyce Mfg. Co. Ltd.), Nest Labs, Inc.
(Alphabet), among others. Market players are actively involved with the
research and development to bring technically advanced security devices for the
satisfaction of the consumer demand. Technical advancement may include
compatibility with the smartphone integration, better alarm and alert system,
proximity alerts, etc. Other strategic recommendation for the new players
includes partnership and acquisitions with the market players.
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“North
America region is anticipated to dominate the market and flourish in the future
forecast years too. Number of residents in the region living on a one person or
two person basis is increasing rapidly. So is the surge in the demand of smart
home security camera. Moreover, increasing penetration of the smart homes is
actively supporting the growth of the global smart home security camera market.
Although Asia Pacific region is expected to register the fastest growing CAGR in
the next five year term on the account of rising infrastructural development
and the rapidly growing population of the countries like China and India. With
government aids and rapid urbanization, along with the increasing disposable
income of the population is driving the growth of the market in the next five
years,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based Global management consulting firm.
“Global Smart Home Security Camera Market By Type
(Wired, and Wireless) By Application (Doorbell Camera, Indoor Camera, Outdoor
Camera) By Product (Dome Security Camera, Bullet Security Camera, IP Security
Camera, Others) By Resolution (HD, Non-HD) By Region, Competition Forecast
& Opportunities, 2026”,
has evaluated the future growth potential of global smart home security camera and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global smart home security camera market.
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