Global Door Phone Market Size By Type (Audio Door Phone, Video Door Phone), By Connectivity (Wired Door Phones, Wireless Door Phones), By Application (Commercial, Residential), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Door Phone Market size was valued at USD 5.11 Billion in 2024 and is projected to reach USD 8.77 Billion by 2031, growing at a CAGR of 7.7% from 2024 to 2031.
The increasing popularity of home automation along with the escalating need for house safety, are the key factors for the Global Door Phone Market. Moreover, the city’s rapid urbanization and space constraints are shifting many people to live in multistoried apartments. This drives the need for a robust security system, including Door Phones. The Global Door Phone Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Door Phone Market Definition
Door Phones are a collection of electronic and electrical components located at the entrance door of various infrastructures. Door phones allow for two-way communication from outside the infrastructure while adhering to secure communication protocols. By electronically unlocking and locking the main gate, door phones help to provide a higher level of security. These Door Phones can be installed in infrastructures such as offices, apartments, block buildings, malls, stores, banks, hotels, bungalows, villas, and other such places.
The advancement in technology now also allows for video contact between infrastructure residents and those attempting to get access. Lastly, it improves home security and provides a lot of conveniences; Multiple residences can be interlinked using this device to serve as both a safety device and an intercom, saving money on installing and maintaining many devices. There are two types of Door phones, Audio Door Phones, and Video Door Phones, and these are divided into two categories based on the type of connectivity, i.e., wired and wireless.
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Global Door Phone Market Overview
The rising popularity of technologically enhanced door phones and rising personal disposable money are the key drivers for the Global Door Phone Market. Moreover, an increase in the number of burglary and theft cases, an increase in the level of concern about the safety and security of residential properties, an increase in research and development activities, and an increase in globalization and westernization are also responsible for the market growth of Door Phone.
However, Customers’ demand for integrated door phones with intelligent home systems can create quite a challenge for the individual Door Phone Market. However, worldwide financial uncertainty and economic difficulties are significant factors hindering the Door Phone Market’s growth. But still, the Global Door Phone Market is anticipated to grow during the forecasted period ascribed to the growing e-commerce platforms, the security and surveillance industry’s expansion, the construction of smart homes, and increased awareness of popular brands.
Global Door Phone MarketSegmentation Analysis
The Global Door Phone Market is Segmented on the basis of Type, Connectivity, Application, And Geography.
Door Phone Market, By Type
Audio Door Phone
Video Door Phone
Based on Type, The market is segmented into Audio Door Phone and Video Door Phone. Video door phone enables the person inside the door to identify visitors by looking at them through the connected screen. Whereas with Audio Door phones, people can only talk with the visitor at the door.
Door Phone Market, By Connectivity
Wired Door Phones
Wireless Door Phones
Based on Connectivity, The market is segmented into Wired Door Phones and Wireless Door Phones. The Global Market for the Wireless Door Phones is constantly growing, ascribed to its feature of easy mobility. A resident can now see the visitor at the door via his phone even if he is not present on the premises.
Door Phone Market, By Application
Commercial
Residential
Others
Based on Application, The market is segmented into Commercial, Residential, and Others. The residential segment is currently leading the market because personal and family safety is a top priority for customers. Over the forecasted period, an increase in the number of residential developments is also expected. Hence the market is anticipated to continue the trend throughout the forecasted period.
Door Phone Market, By Geography
North America
Europe
Asia Pacific
Rest of The World
On the basis of Geography, The Global Door Phone Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America held the most significant share during the base year because of the commercial sector’s increased use of security devices in countries like the United States and Canada. Furthermore, Intelligent Door phones have been gaining popularity among consumers in North America.
However, Asia Pacific is expected to grow at the fastest rate of approximately 7% over the projection period. This is because the real estate sector In India is rapidly expanding. An increase in residential development projects is pushing the industry. The newly constructed buildings include some or the other form of Door Phones. Hence, it is in high demand in these countries.
Key Players
The “Global Door Phone Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as SAMSUNG, Honeywell International Inc., Panasonic Corporation, Schneider Electric, AIPHONE CO. LTD., FERMAX ELECTRÓNICA, S.A.U., 1byone, Inc., Axis Communications AB., Legrand SA, GUANGDONG ANJUBAO DIGITAL TECHNOLOGY CO., L.T.D., Alba Urmet, Jacques Technologies Pty Ltd, Nortek Control., COMMAX, Godrej, KOCOM., Zicom, Hangzhou Hikvision Digital Technology Co., Ltd., CP PLUS International, and Sony Corporation.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
05th May 2022Godrej Locks, the 125-year-young leading manufacturer of innovative locking solutions, launched Spacetek Pro – a 100% ‘Made in India’ digital lock. Spacetek Pro is the latest hi-tech and aesthetically designed keyless home safety solution that is packed with the most advanced features like 360-degree fingerprint recognition and auto-locking, to name a few. The dynamic lock is a perfect fit for a modern home, ensuring the best-in-class home safety.
Panasonic released the VL-SW 274 Video Door Phone in 2018. This video door phone has a voice alteration feature that makes the user’s voice sound like that of an adult.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2021-2031
Base Year
2024
Forecast Period
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
Key Companies Profiled
SAMSUNG, Honeywell International Inc., Panasonic Corporation, Schneider Electric, AIPHONE CO. LTD., FERMAX ELECTRÓNICA, S.A.U., 1byone, Inc.
Segments Covered
By Type, By Connectivity, By Application, And By Geography.
Customization scope
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Research Methodology of Market Research
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Reasons to Purchase this Report
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