UK Smart Home Security Camera Market Size, Share & Trends Analysis Report By Technology (Wired Camera, Wireless Camera), By Application (Doorbell Camera, Indoor Camera),- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2033

UK Smart Home Security Camera Market Size and Growth

The UK smart home security camera market size was exhibited at USD 326.65 million in 2023 and is projected to hit around USD 2,125.96 million by 2033, growing at a CAGR of 20.6% during the forecast period 2024 to 2033.

UK Smart Home Security Camera Market Key Takeaways:

• In 2023, wired smart home security cameras market accounted for revenue share of 55.6%.
• Over the course of the projected period, wireless smart home security camera market is expected to grow at a CAGR of 20.5%.
• The indoor smart home security camera accounted for a share of 40.0% in 2023.
• Doorbell cameras are anticipated to grow at a CAGR of 20.8% over the forecast period.

Report Scope of UK Smart Home Security Camera Market

Growing concerns about safety, security, and public convenience may limit the growth of the UK smart home security cameras market during the forecast period. The UK smart home security camera market accounted for a share of 4.4% of the global smart home security camera market in 2023.

Emerging technologies and applications such as multi-dimensional perception, UHD, low light imaging, artificial intelligence, and cloud technology open new possibilities for the security industry. At the same time, millions of cameras and other security devices are being connected into networks, making the security industry in the UK a very important part of the future UK IoT world. According to a U.S. News article in 2020, globally, there are 770 billion closed-circuit television surveillance cameras in use, with London being the only city out of China to be featured in the top 10 most surveilled cities in the world. The capital of the U.K. has 627,727 cameras for a population of 9.3 million—equal to one camera for every 14 residents. This scenario bodes well for the smart home security cameras market in UK.

Another feature of connected devices that drives the market is the ability for users to monitor and operate office and home appliances remotely from their smartphones or tablets. The smart home market benefits from rising investments, rapid urbanization, changing lifestyles, and rising consumer spending.

As concerns about burglaries, vandalism, and other security threats grow, so does the necessity of home security, and homeowners are actively looking for ways to make their homes safer. By enabling real-time home monitoring and notifications in the event of suspicious activity, smart home security cameras provide a contemporary and practical solution.

The emergence of smart cities is causing the following industries to integrate IoT solutions more tightly: waste, economic development and housing, mobility, healthcare, security, water, energy, and engagement and community. Certain cities have advanced more in the development of these services than others; cities in Asia Pacific and Europe are leading the way, with significant, iconic infrastructure and building projects that incorporate IoT built right into their blueprints.

There are several choices for smart home security cameras in the UK. A variety of smart security cameras, both indoors and outdoors, with cognitive features that can change to meet changing needs are available from Google Nest. These cameras come equipped with capabilities like night vision, HDR video, motion detection, event-based recording, and Google Home app compatibility.

Blink provides small and reasonably priced plug-in smart security cameras for interior use. These cameras are straightforward to install and operate, and they offer piece of mind. A variety of security cameras and systems, such as IP NVR, DVR, and wire-free systems, are available from Lorex.

A poll carried out in 2021 in Germany and the UK found that Germany has a lower rate of use of smart home security cameras than the UK. Approximately 7% of Germans currently use apps that allow smart cameras to transfer pictures from their house to a tablet or smartphone. Thirteen percent of British citizens now use these apps, and thirty-six percent more say they plan to use them in the future.

UK Smart Home Security Camera Market By Technology Insights

In 2023, wired smart home security cameras market accounted for revenue share of 55.6%. Because wired security systems require less maintenance, they are more affordable in the long run. This is why their popularity is growing. Their adoption is mostly being driven by this economic advantage. Because wired systems don't have to worry about problems with WiFi connectivity or battery life, they are more reliable. These cameras record locally and continue to operate even in the event of a WiFi loss, providing continuous surveillance.

Over the course of the projected period, wireless smart home security camera market is expected to grow at a CAGR of 20.5%. One of the biggest developments in IoT and home security solutions are wireless technology-enabled security systems, which are preferred by many homeowners for efficient protection. 

UK Smart Home Security Camera Market By Application Insights

The indoor smart home security camera accounted for a share of 40.0% in 2023. A growing number of theft and break-in incidents have brought attention to the significance of safeguarding one's home from criminal activities. Indoor smart cameras are widely used in many different applications because to their many features, which include quick messaging in the event of theft, alarm activation, and movement and behavior recognition. While on vacation or during business hours, these cameras are essential for keeping an eye on residences. By enabling homeowners to monitor their property's security and receive notifications about package delivery or any unexpected events, they reassure homeowners.

Doorbell cameras are anticipated to grow at a CAGR of 20.8% over the forecast period. The growing desire to live in smart homes, facilitated by rising internet penetration, is positively impacting the demand for doorbell cameras.

UK Smart Home Security Camera Market Recent Developments

• In May 2022, Vivint Smart Home, Inc. launched a suite of technologically advanced products intended at uplifting its unique smart home experience and presenting intelligent solutions that redefine the benchmarks for smart homes. The product offering includes the Doorbell Camera Pro, Spotlight Pro, Outdoor Camera Pro, and Indoor Camera Pro.
  
  
• In September 2023, eufy, the smart home security brand owned by Anker Innovations, launched a series of dual-camera devices, inaugurating a home surveillance mesh powered by local AI. The advanced lineup comprises cameras with wide-angle and telephoto lenses, boosting the surveillance capabilities of devices.

Some of the prominent players in the UK smart home security camera market include:

• Vivint Smart Home, Inc.
• ADT Inc.
• SimpliSafe, Inc.
• Brinks Home Security
• Skylinkhome
• Samsung Electronics Co, Ltd.
• Frontpoint Security Solution, LLC
• Wyze Lab, Inc.
• Blink
• Ring LLC

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the UK smart home security camera market

Technology

• Wired
• Wireless

Application

• Doorbell Camera
• Indoor Camera
• Outdoor Camera