🚪 A Buzz At The Door

We're delving into a booming doorbell camera market

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Good morning and Happy Friday. Today, we're buzzing with excitement as we delve into the booming doorbell camera market, poised to ring in a whopping $3.7 billion by 2031. Discover how these vigilant gadgets are adding a new layer of security and convenience to our doorsteps.

Also before we dive in, here’s one way to ensure security law enforcement is done by the book: outsource it to robots.

In an ever-evolving world, public safety is in need of an upgrade. AI and robotics are part of the solution to create safer public spaces while decreasing human error that can come from human police officers and security guards. Knightscope (KSCP) is a technology company ushering in the dawn of Autonomous Security Robots (ASRs) and working hard to protect U.S. citizens from crime across the country.

The company’s robots are designed to enhance safety and security in various environments, such as corporate campuses, shopping malls and hospitals. Knightscope robots operate autonomously, meaning they can navigate and patrol areas without human intervention using A.I., including autonomously recharging.

Knightscope’s influence and reach seem to be on the rise. Just in 2023, the company has made more than 50 announcements including numerous contracts and reports it is on track to double its revenue versus 2022. These contracts further validate the growing demand for Knightscope's robotic solutions as they continue to work through a nearly $5 million backlog of new orders.

The company is currently offering an investment opportunity for interested parties to buy bonds.

The robotics market was valued at $31.38 billion in 2021 and is expected to reach $110.39 by 2030 with a CAGR of 15% from 2022-2030. Knightscope seems well-positioned to capitalize on this growth and be a potential leader in the U.S. market. Click here to learn more about the Rise of the Robots.

🚪 A Buzz At The Door

The Doorbell Camera Market Eyes a Hearty $3.7 Billion Chime by 2031 | A Captivating Unveil by Transparency Market Research

Transparency Market Research Inc. peels back the curtain on the bustling narrative of doorbell cameras. The global doorbell camera market was estimated to have acquired US$ 1.5 billion in 2021. Estimated for a crescendo at a 9.7% CAGR from 2022 to 2031, the market is on track to ring in a hearty $3.7 billion by 2031 in the US. No longer mere door greeters, these gadgets are now integral notes in the symphony of smart home technologies. They're striking a chord with homeowners, as they seamlessly blend with existing smart setups like security systems, voice assistants, and mobile apps, offering a suite of savvy features from remote monitoring to real-time interaction with visitors, right from the palm of your hand, wherever you may be.

The plot thickens as the narrative delves into the market dynamics, highlighting the crescendo of robberies and online package thefts as catalysts propelling the clamor for these vigilant doorbell companions. The market is abuzz with innovation as key players are amping up their game, introducing a repertoire of products infused with cloud computing and AI. Among the resonant notes are new offerings capable of distinguishing between people, cars, animals, and packages, promising a security ensemble attuned to modern-day needs. This narrative is set against a backdrop of burgeoning smart cities and security-conscious businesses, setting the stage for doorbell cameras to play a pivotal role in this unfolding saga.

As the rhythm of growth reverberates across the globe, North America is orchestrating a high note owing to the presence of major market maestros and a growing chorus of doorbell camera aficionados. The expansion is catchy in the Asia Pacific as well, anticipated to expand rapidly because of the rise in home automation and the notable expansion of the building industry. The ensemble of key players is striking a competitive yet harmonious ring in this market. Here are a few key developments by the market players:

  • Vivint Smart Home: In May 2022, Vivint unveiled a melody of new products aimed at amplifying home safety and intelligence. The lineup includes the Doorbell Camera Pro, Outdoor Camera Pro, Spotlight Pro, and Indoor Camera Pro, each adding a unique note to the home security ensemble.

  • Bird Home Automation GmbH: At the tech fiesta Integrated Systems Europe held in Barcelona in May 2022, Bird Home Automation GmbH showcased its innovative product line. With the DoorBird 3D Configurator, they introduced the ability to craft bespoke IP video door stations in over 50 various materials and colors, offering a tailored security solution with a customized intercom system.

  • Ring LLC: Ring added a new rhythm to the market with the introduction of Ring Video Doorbell 4 in April 2022. The new line boasts better battery life, an extra four seconds of pre-roll video, rich notifications, a people-only mode, personalized motion zones, and quick responses, making it a harmonious addition to the doorbell camera marketplace.

Each new product release by key developers adds a unique tune to security and raises the tempo of innovation, promising an exhilarating crescendo in the doorbell camera market's growth.

In an ever-evolving world, public safety is in need of an upgrade. AI and robotics are part of the solution to create safer public spaces while decreasing human error that can come from human police officers and security guards. Knightscope (KSCP) is a technology company ushering in the dawn of Autonomous Security Robots (ASRs) and working hard to protect U.S. citizens from crime across the country.

The company’s robots are designed to enhance safety and security in various environments, such as corporate campuses, shopping malls and hospitals. Knightscope robots operate autonomously, meaning they can navigate and patrol areas without human intervention using A.I., including autonomously recharging.

Knightscope’s influence and reach seem to be on the rise. Just in 2023, the company has made more than 50 announcements including numerous contracts and reports it is on track to double its revenue versus 2022. These contracts further validate the growing demand for Knightscope's robotic solutions as they continue to work through a nearly $5 million backlog of new orders.

The company is currently offering an investment opportunity for interested parties to buy bonds.

The robotics market was valued at $31.38 billion in 2021 and is expected to reach $110.39 by 2030 with a CAGR of 15% from 2022-2030. Knightscope seems well-positioned to capitalize on this growth and be a potential leader in the U.S. market. Click here to learn more about the Rise of the Robots.