Market Segmentation
According to statistics released by The Zebra in 2021, a home burglary occurs every 15 seconds in the U.S., estimating almost 4,800 burglaries every day. Moreover, after the arrest, nearly 65.1% of people know the thief, indicating that a neighbor or an acquaintance could attempt a robbery. Thus, there is a high probability of someone known to be a threat. These numbers are boosting the adoption of home security cameras among consumers.
Technological advancements have been significantly driving the smart home security camera 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 now 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, among others. The rising construction of smart homes-a combination of luxury and convenience-also boosts the demand for smart home security cameras. Consumers are more inclined to build homes that provide a sense of safety and are increasingly opting for AI-powered gadgets. A smart home security camera not only helps conserve power and energy but also offers the ultimate convenience through different features such as motion sensor, window sensor, burglar alarm, glass break sensor, and spotlight camera.
Smart home security cameras have gained immense popularity over the past few years. However, these new technological devices have yet to be as widely adopted as expected. Numerous barriers hamper the market's growth, including the high cost of ownership, poor manageability, and difficulty achieving privacy. In fact, it has been observed that privacy has been a major concern among consumers, restraining the market's growth.
This section will provide insights into the contents included in this smart home security camera market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance