Wireless Home Security Camera Market Enhancement and Growth Rate Analysis 2022-2030
Global wireless home security camera market appears to have considerable potential in terms of demand, with more individuals installing these products across self-owned and rented spaces.
Global wireless home security camera market appears to have considerable potential in terms of demand, with more individuals installing these products across self-owned and rented spaces. Industry participants have been developing high resolution products with night vision and cloud storage at minimal monthly subscription charges. Many property owners have been concerned about trespassers since the lockdown started, which saw a remarkable rise in theft incidents.
By 2030, the global wireless home security camera market will be valued at over $25 billion, with shipments crossing 220 million units. Having enhanced person detection and movement detection options, residents can have an additional pair of eyes to ensure maximum safety. Innovative designs are diversifying manufacturers amidst intensified competition. For instance, Nest offers a host of styles, including those with a unique magnetic stand with plug-in-and-go security.
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Easy to install video doorbells gain popularity across Europe
Whether it is for keeping delivered packages safe or for viewing visitors, homeowners across European countries have been installing DIY smart doorbell cameras. As more vendors are offering products that deliver minimal false alerts, they are attracting more customers. Some recent products enable accurate distinction between vehicles, animals, packages, and other objects, as they come with 180-degree viewing angle, apart from a high resolution. Spain and France are likely to account for a considerable portion of Europe wireless home security cameras industry share.
2K resolution cameras become mainstream in smart home gear
High-income communities across the globe have been upgrading their security devices with systems offering better storage and motion detection capabilities. Since the sales of these types of products have increased over the last few months, new industry participants have been foraying into the landscape.
For instance, TP-Link, a provider of Wi-Fi solutions, has been trying to set foot in the smart home products market with the launch of its 2K-resolution security cameras. New products are entering the market more frequently. In May 2022, EZVIZ announced that it has launched a line of 360° outdoor security cameras to its portfolio, fueling 2K wireless home security camera market.
U.S.-based industry participants add new features to their product lines
Noting the rising demand for their subscription services, wireless camara makers have been increasing their subscription costs. Ring, a top smart home automation solutions provider in the U.S., recently announced that it has added new features to its subscription plan, raising the prices by about $1 for its basic plan.
The additional features include 180 days of video, more alerts, up to 50 video downloads, among others. Across many wireless camera options, the roll out of two-factor authentication has ensured higher security after a series of automated account hijacks, strengthening the U.S. wireless home security camera market.
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E-commerce giants offer more attractive discounts in APAC
With online platforms registering spiraling product sales, more online shops have started offering seasonal discounts and offers. In India, for instance, e-commerce mammoth Amazon has announced attractive offers for customers interested in smart security cameras for homes. The ‘SecureFest’ sale has a wide range of products from brands offering affordable products at as low as ₹2,154. Top manufacturers, including QUBO, Imou, and Mi have been catering to the needs of both budget and premium priced segments in Asia Pacific HD wireless home security camera market.
Arlo Technologies, D-Link Corporation, Xiaomi Corporation, Amcrest Technologies, Vector Security, Inc., SimpliSafe, Inc., Swann Communications Pty. Ltd., Hanwha Techwin Co., Ltd., Reolink, K&F Concept, Wyze Labs, Inc., and Eufy are some top wireless home security camera vendors in the global market. These companies have been upgrading their product offerings with latest features such as local and cloud storage, customizable responses, and longer battery life.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Scope & definitions
1.2 Methodology & forecast parameters
1.3 Impact of COVID-19 pandemic
1.3.1 North America
1.3.3 Asia Pacific
1.3.4 Latin America
1.4 Region wise impact
1.4.1 North America
1.4.3 Asia Pacific
1.4.4 Latin America
1.5 Impact of Russia-Ukraine war
1.6 Data sources
1.7 Industry glossary
Chapter 2 Executive Summary
2.1 Wireless home security camera market 3600 synopsis, 2018–2030
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Resolution trends
2.1.4 Type trends
2.1.5 Application trends
2.1.6 Distribution channel trends
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