APAC Market Statistics
The video doorbells industry share in Asia Pacific, is accounted for a share of about 30%. The market growth is backed by the ongoing flourishment in the real estate sector and increasing emphasis on smart urban planning. Countries like Singapore, China, and South Korea are already known for their smart cities. In 2020, 900 pilot projects with around 290 cities including Beijing and Shanghai participated in the numerous smart city pilot projects across China, and the number is rising.
North America Market Analysis
The North American video doorbell market registers a share of about 25% during the forecast timeline. The rising use of smart doorbells in home systems, and commercial space is the most significant factor fueling the video doorbell industry. Almost 2 in 10 Americans making it nearly 18% of the total population have video doorbells, as per a survey conducted in January 2021.
Author Credits: Abhishek Verma
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