Views: 4 Author: Carol Publish Time: 2023-09-05 Origin: KERUI
The global home security system market has experienced substantial growth, driven by an increased awareness of safety and security measures among homeowners. Key areas of market expansion include wireless doorbells, home security alarm systems, passive infrared (PIR) detectors, and door/window sensors. KERUI Company, a leading player in the market, has been instrumental in introducing innovative products in these segments.
The home security system market is experiencing a surge due to rising crime rates, increased investment in smart homes, and advancements in IoT technology. The wireless doorbell segment is particularly flourishing, thanks to the convenience and additional security features they offer, like video surveillance and two-way communication.
Global Wireless Doorbells Market Size By Type (Wireless Video Doorbells and Wireless Non- Visual Doorbells), By Application (Residential and Commercial), By Geographic Scope And Forecast.
Wireless Doorbells Market size was valued at USD 1.8 Billion in 2022 and is projected to reach USD 14.7 Billion by 2030, growing at a CAGR of 39.8% from 2023 to 2030.
The increasing demand for luxury and comfortable lifestyles, rise in disposable income, increasing consumer awareness regarding home safety & security, and technological advancement in home automation are driving the growth of the Global Wireless Doorbells Market during the forecast period. The Global Wireless Doorbells Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Normal doorbells are considered to be an intimation of guests but recently in developed economies doorbells have emerged as important home security and safety tool. Some of the wireless doorbells are equipped with cameras attached to the panel on the outside door which helps in enhancing the safety of owners. In case of any emergency, these doorbells are also equipped with smart calling and alert programs. These doorbells consist of a speaker and microphone attached which provides the additional layer of security and enhances the probability of safety of owners. This gives homes additional security cover as intruders and miscreants cannot gain entry into the house without the owner’s permission. Rapid urbanization and increasing crime rate in cities are driving the wireless doorbell market globally.
Recently due to increasing urbanization, the construction sector is growing rapidly along with home automation provisions. With these innovative techniques, wireless doorbells are come up with various advancements such as different kinds of music, design, attachment devices. An important function of the wireless doorbell is it does not require wiring which makes its installation easy. As technology for doorbells is rapidly increasing major house owners are getting adopted to this product. In the coming years, more innovative functions will be seen in wireless doorbells to increase safety and security for homes. These are some of the features which are increasing the sales of wireless doorbells globally.
Home Security Systems Market Size was valued at USD 43.6 billion in 2021, The Home Security Systems market industry is projected to grow from USD 47.13 Billion in 2022 to USD 81.30 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.72% during the forecast period (2022 - 2030). A rise in criminal activity, technological development in remote monitoring using smartphones and rising interest in smart houses are the key market drivers enhancing the home security systems market growth.
Access control systems limit access to protected portions of a home, building, drawer, or other location that contains valuables, data, or sensitive information. These automated solutions offer 24/7 access as well as 24/7 protection. Entry control systems are becoming more widely used in home security because they provide quick and easy access to a designated individual while recording and monitoring visitors' movements.
Based on home type, the global home security systems market is segmented into independent homes andcondominium/apartments. The independent homes segment accounted for largest revenue share in 2021.There is a rising demand for home security systems by independent homeowners to secure their family andproperty from increasing number of break-ins and burqlaries. According to FBl burglary rates of homes, oneresidential burqlary occurs every 13 seconds, four burglaries every minute, 240 every hour, and approximately 6,000 each day. lt also states that a burglary will occur in one in every three houses that do not have a securitysystem, compared to one in every 250 homes that do have a security system. ln addition, there is a highadoption rate of advanced home security systems owing to various benefits. Current generation of homesecurity solutions provides unrivaled connectivity, control, and accessibility, as well as ability for homeowners toemotely access various functions through a PC or a smartphone, which is driving revenue growth of thissegment. The condominium/apartments segment accounted for a moderate revenue share in 2021. According to the U.SBureau of Justice Statistics, burglars hit apartment owners and renters more frequently than homeowners.hence there is a rising need for home security solutions in first-floor apartments owing to high incidences ofrobbery on the first floor. First-floor apartments are more likely to be robbed because transporting stuff fromresidence to a waiting car is easier, therefore thieves can flee more quickly while stealing a first-floor apartment.