Report ID: UCMIG25E2090
Report ID:
UCMIG25E2090 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global smart doorbell market reached a significant valuation of USD 3,480.1 million. This emerging market segment is projected to witness substantial growth in the coming years, with a compound annual growth rate (CAGR) of 33.4% from 2023 to 2030. Factors such as increasing awareness about home security, rising demand for advanced technological solutions, and the growing adoption of smart home automation systems are driving the market's expansion. The integration of cutting-edge features like video surveillance, motion detection, and remote access control in smart doorbells is further fueling their popularity among consumers. As a result, the smart doorbell market is poised to experience significant growth and transformation over the next decade.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Consumer Electronics by segment aggregation, the contribution of the Consumer Electronics in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25E2090