1. Uncategorized

Radiology As A Service Market Latest Innovations, Upcoming Trends, Regional Analysis, Future Outlook And Industry Challenges By 2028

North America Smart Home Security Cameras Industry Overview

The North America smart home security cameras market size was valued at USD 2.19 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 17.4% from 2021 to 2028. 

The rapid adoption of IoT in smart homes is supporting market growth. Consumers are shifting from traditionally mountable Wi-Fi cameras to the deployment of smart home security cameras to increase the security of their premises. These advanced smart home security cameras offer several benefits, which boost their installation in many households across the region. The ease of installation and easy availability of smart home security cameras drive the product demand.

Furthermore, increasing home remodeling activities, coupled with the growing need for smart home devices, are presenting lucrative growth opportunities for the market. In addition, the rising prominence of technologically advanced smart home security cameras boosts the demand for these products. The increasing prominence of energy conservation measures is also contributing to the greater penetration of innovative and smart home security cameras in the region. 

Gather more insights about the market drivers, restrains and growth of theNorth America Smart Home Security Cameras Market

Technological advancements have been significantly driving the market. Smart cameras that notify users of any movements when no one is at home are gaining traction. An increasing number of younger consumers are buying homes and this set of homeowners is no longer content with traditional devices. This scenario has driven the penetration of new technologically-advanced smart devices, such as smart plugs, smart locks, smart light bulbs, and smart home security. The rising construction of smart homes – a combination of luxury and convenience – is also boosting the demand for smart home security cameras.

Rising consumer awareness regarding personal protection is offering positive growth opportunities to the market. For instance, according to a survey conducted by CheckVideo in December 2019, out of 5000 American consumers assessed, around 63.3% purchased video doorbell cameras to make their homes secure in all ways.

Additionally, according to the same survey, features such as motion sensors, door sensors, burglar alarms, spotlight cameras, and glass break sensors are important to consumers. Smart home security camera players offering technologically-advanced features are likely to witness higher demand in the foreseeable future. Ring’s Video Doorbell 3 Plus has a pre-roll function, which captures video to show what happened prior to the motion, and also includes features such as video recording and motion detection.

Furthermore, the COVID-19 outbreak has made consumers more conscious of their health and wellness. Consumers have been conscious about the safety measures to be followed and also ensured that any person entering their house follows the same. As a result, during this period, there has been a surge in demand for smart home security cameras, especially smart video doorbells, as, through the doorbell cameras, consumers could ensure that the person entering their home followed safety protocols.

Moreover, essential workers such as doctors, nurses, and bank employees had to continue working. This resulted in an increase in the installation of smart home security cameras among households with kids, as almost every school, college, and daycare center was closed. According to UNESCO, the education of nearly 1.6 billion pupils in 190 counties has so far been affected, i.e., 90% of the world’s school-age children. In many countries such as the U.S., there are still no definite plans for reopening schools. This presents the market with new growth opportunities. 

Browse through Grand View Research’s Electronic & Electrical Industry Research Reports

  • Smart Home Appliances Market: The global smart home appliances market size was valued at USD 30.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.6% from 2022 to 2030.  
  • Docking Station Market: The global docking station market size was valued at USD 1414.4 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. 

North America Smart Home Security Cameras Market Segmentation 

Grand View Research has segmented the North America smart home security camera market on the basis of product, application, and country:

North America Smart Home Security Camera Product Outlook (Revenue, USD Million, 2016 – 2028)

  • Wired
  • Wireless

North America Smart Home Security Camera Application Outlook (Revenue, USD Million, 2016 – 2028)

  • Doorbell Camera
  • Indoor Camera
  • Outdoor Camera

North America Smart Home Security Camera Country Outlook (Revenue, USD Million, 2016 – 2028)

  • U.S.
  • Canada

Market Share Insights

  • April 2020: Arlo Technologies announced a partnership with Kartchner Homes, a premier home builder in Utah and Idaho. The partnership was aimed to integrate Arlo’s Video Doorbell into homes constructed by the builder, providing homebuyers a premier solution in smart entry technology.

Key Companies profiled:

Some prominent players in the North America smart home security cameras market include:

  • Vivint Smart Home, Inc.
  • ADT LLC
  • Monitronics International, Inc.
  • SimpliSafe, Inc.
  • Brinks Home Security
  • iSmart Alarm, Inc.
  • LiveWatch Security LLC
  • Skylinkhome
  • Protect America, Inc.
  • SAMSUNG ELECTRONICS CO., LTD.
  • Frontpoint Security Solutions, LLC
  • Arlo Technologies, Inc.
  • Nest Labs
  • Wyze Labs, Inc.
  • blink
  • eufy
  • Ring LLC

Order a free sample PDF of the North America Smart Home Security Camera Market Intelligence Study, published by Grand View Research. 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: [email protected]

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Comments to: Radiology As A Service Market Latest Innovations, Upcoming Trends, Regional Analysis, Future Outlook And Industry Challenges By 2028