The global smart home security camera market garnered US$ 6.25 Billion in 2021 and is expected to accumulate US$ 7.5 Billion in 2022, as per a recently published report by ESOMAR-certified Future Market Insights. The market is expected to surpass a market valuation of US$ 46.5 Billion by registering a staggering double-digit CAGR of 20.02% during the assessment period 2022-2032. The growth of smart home security cameras can be attributed to the increasing concern for indoor environments.
Moreover, the easy availability and installation of smart cameras are playing a key role in the adoption of the same. Pet parents and couples working from offices are investing in smart cameras to keep track on pets and young children. Smart cameras not only display real-time events but also offer communication through audio. This, in turn, is propelling the growth of smart cameras in indoor environments of homes.
On the contrary, outdoor cameras are facing possible threats of being damaged by weather or stolen by thieves. In addition, hackers are misusing smart cameras to hack into houses and are using personal information for incorrect purposes.
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What Is The Intensity Of The Competition In The Global Smart Home Security Cameras In India?
Key players in the smart home security cameras include
- Frontpoint Security Solutions,
- Vivint Smart Home, Inc.,
- Simplisafe, Inc.,
- iSmart Alarm, Inc,
- ADT LLC,
- Skylinkhome,
- Protect America, Inc,
- Live Watch Security LLC,
- SAMSUNG ELECTRONICS Co., LTD., LLC,
- Arlo Technologies, Inc.;
- Nest Labs;
- Wyze Labs, Inc,
- Blink,
- Brinks Home Security;
- Ring LLC
Key Takeaways from the Market Study
· Global smart home security camera market to flourish 6.2x from 2022 to 2032
· By product type, wired cameras are expected to possess 55% market share for assessment period 2022-2032.
· By application, indoor cameras expected to register a staggering double-digit CAGR of 10% in the forecast period 2022-2032.
· U.S. expected to register a CARG of around 12% in the assessment period 2022-2032.
· China expected to register a CAGR of more than 15% for the smart home security cameras in the sales indicator period 2022-2032.
· India expected to register a 7% CAGR in the upcoming forecast period 2022-2032.
“The global smart home security camera market is expected to observe excellent growth due to the increasing importance of indoor safety and easy availability and installation of the same.”
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Competitive Landscape
· In April 2021, Ring, launched Ring Floodlight Cam Wired Pro. The camera includes 3D motion detection and bird’s eye view along with a 1100db siren and colour night vision. The camera can be easily linked to Wi-Fi present in homes.
· In August 2021, SimpliSafe launched SimpliSafe wireless outdoor security camera. The camera is designed to detect potential crimes before they take place. The camera does not require wiring and can be easily installed.
Key Segments Covered In The Smart Home Security Camera Industry
Smart Home Security Market by Product:
- Wired Smart Home Security Products
- Wireless Smart Home Security Products
Smart Home Security Market by Application:
- Smart Doorbell Camera
- Smart Indoor Camera
- Smart Outdoor Camera
Smart Home Security Market by Region:
- North America Smart Home Security Market
- Latin America Smart Home Security Market
- Europe Smart Home Security Market
- Asia Pacific Smart Home Security Market
- Middle East & Africa Smart Home Security Market
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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