The global smart home security camera market was worth US$ 6.25 billion in 2021, and it is expected to reach US$ 7.5 billion in 2022. The market for smart home security cameras is expected to reach $46.5 billion by 2032, growing at a CAGR of 20.02% between 2022 and 2032.
The ease of availability and installation of smart cameras is also a crucial element in their appeal. Smart cameras are being purchased by parents with young children and couples who work from home to monitor their pets and children. Smart cameras, in addition to presenting live events, support audio communication. This is supporting the growth of smart cameras in indoor living areas.
On the other hand, there is a risk that outside cameras will be stolen or damaged by the elements. Additionally, hackers are utilizing smart cameras improperly to break into homes and are abusing sensitive data.
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What Is The Intensity Of The Competition In The Global Smart Home Security Cameras In India?
Key players in 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 a 55% market share for the assessment period 2022-2032.
- By application, indoor cameras are 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 smart home security cameras in the sales indicator period 2022-2032.
- India is 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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