LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global wireless doorbells market report from 2017 to 2021. This research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period.
Technavio’s market research analysts predict that this market will grow at a CAGR of almost 45% by 2021. The global wireless doorbells market is expected to grow at a steady rate during the forecast period, in terms of revenue and shipments. With the advent of advanced computer controls and sensors, a wide range of communication technologies is available in the market. Wireless doorbells, especially smart doorbells, are among the most affordable and easy-to-use smart home automation products.
Competitive vendor landscape
The global wireless doorbells market is a fragmented market with the presence of many large and small-sized companies. The competition among the existing players in the market is high. Therefore, to survive and succeed in a stiff competitive environment, it becomes imperative for vendors to distinguish their product offerings through clear and unique value propositions.
“The competition in the market often leads to price wars. Vendors give promotional offers or cut down their product prices to retain their position in the market. This can negatively affect the profit margins of the company, thereby impacting the overall market growth. The market also faces considerable threats from traditional doorbells,” says Sharan Jaganathan, a lead retail goods and services research analyst from Technavio.
Almost all players in the market offer similar products that have the same features. To differentiate them from their competitors, vendors are introducing innovative wireless doorbells to gain a competitive edge over their competitors.
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Top six wireless doorbells market vendors
1byone.com offers TV accessories, home decoration products, home security products, audio and sounds products, stage lighting and effects, and accessories such as cable chargers, car holders, phone protection cases, mouse, screen protectors, and many others. The company sells its products in the US, the UK, Germany, and Japan.
August Home using its encrypted locking technology to develop smart locks. It offers the August smart lock that can be operated with Android and iOS smartphones. The August Smart Lock tracks every entry and exit from a house. It also offers the August Doorbell Cam, the August Smart Keypad, and the August Connect.
Honeywell International offers aerospace products and services, electronic and advanced materials, turbochargers, control, sensing, and security technologies; and energy-efficient products and solutions for business, homes, and transportation industries, worldwide. It operates three business segments namely, automation and control solutions, aerospace, and performance materials and technologies.
Ring manufactures security and home automation products. It manufactures video doorbells, security cameras, and related accessories. The company has also launched a unique campaign with an aim to reduce theft and burglaries across neighborhoods by establishing a ring of security in the neighborhood through Ring Neighborhoods beta product.
SadoTech offers wireless doorbells for small and large buildings. The doorbells of the company have an operating range of up to 500 feet. The company offers basic doorbells and expandable doorbell systems. It also offers pet doorbells, alerts, and sensors.
SkyBell Technologies offers home automation solutions and smart video doorbell for residential customers. It has partnered with various smart home technology companies, including Google Nest, Amazon Echo, icontrol Networks, Honeywell International, Alarm.com, and others.
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