USD 3.79 Million
Door Phone Market Size, Share, Growth Analysis, By Product(Audio Door Phones and Video Door Phones), By Application(Commercial and Residential), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45H2030 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
59
|Figures:
75
Door Phone Market Insights
Door Phone Market size was valued at USD 3.79 Million in 2022 and is expected to grow from USD 4.00 million in 2023 to USD 6.19 million by 2031, at a CAGR of 5.60% during the forecast period (2024-2031).
The increase in demand for safety devices such as door phones is being driven by the rise in safety concerns in residential and business settings due to unauthorized access. When connected with the access control system, it not only improves home security but also provides a lot of convenience. This gadget can be used to connect many residences and function as both an intercom and a safety device, saving on the added cost of setting up and maintaining many devices. Apartments, villas, bungalows, shops, offices, hotels, banks, and other establishments all exhibit a demand for such communication systems. When one demands to control what enters their property, the need for such systems arises.
The market is experiencing an increase in the demand for safety appliances due to the rising popularity of home automation and smart appliances. By using their smartphones and tablets, people may now operate their devices thanks to the adoption of smart technology. One can quickly link their door phone to their smartphone and control their door's opening and closing even from a distance. This simplifies matters for those whose children’s upbringings at home depend on the maid or whose friends and family need to access the house if they are away. Among the major western nations, demand for this form of high-tech video phone is certainly growing.
On account of space restrictions, rising urbanization is forcing a large number of people to live in multistory apartments. A strong security system is required as a result of this. Door phones with wireless capabilities can provide multiple levels of protection from the society entrance to the lobby and main door entrance. In the event of an issue, the user can quickly connect with the central security system, boosting the global market. The demand for these products on the market is further increased by an increase in construction activities in the residential and commercial sectors.
In the United States, about half of the thieves claimed to have committed at least one home burglary, while about a third claimed to have committed at least one commercial burglary, according to a survey released by the University of North Carolina. Furthermore, about 60% of the criminals admitted that an alarm occasionally deters them from entering the house without permission. Video door phones, which are directly linked to the security alarm system, are necessary due to the aforementioned reasons. Network video phones can sometimes cause problems for consumers by falsely sounding the alarm as a result of technological problems, which limits their market expansion.
US Door Phone Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Audio Door Phones
Fastest Growth
Video Door Phones
Growth Rate
5.60% CAGR
Global Door Phone Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
To get more reports on the above market click here to Buy The Report
Door Phone Market Segmental Analysis
Global door phone market is segmented on the basis of product, application and region. In terms of product, the Door Phone Market is grouped into audio door phones and video door phones. Based on application the Door Phone Market is segmented into commercial and residential. Demographically, the global door phone market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Door Phone Market Analysis by Product
In 2023, the audio door phones segment held the highest share with 54.9% in the market. These phones are most frequently used in commercial settings including offices, ticket booths, and banks. In such locations, there are typically glass doors and windows, allowing the user to see the person physically, therefore standard audio instruments are sufficient.
The fastest-growing market is video door phones, which are projected to experience a CAGR of 6.5% between 2023 and 2031. Large new multi-occupancy buildings are where such products are most in demand.
Door Phone Market Analysis by Application
The largest application segment in 2023 was the residential segment, with a revenue of USD 2.5 billion.
Global Door Phone Market By Product 2022 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Door Phone Market Regional Insights
Asia Pacific is predicted to register the fastest growing CAGR of 7.6% during the projection period. The industry is being driven by a rise in residential construction activities. The real estate industry in India is growing swiftly, and 90% of recently constructed buildings have some sort of door phone. As a result, it is highly sought for in these countries. The use of such high-tech devices to replace manual security measures is also increasing demand for door phones because it lowers the cost of security measures for many societies and business settings.
North America held the largest market share in 2022 (35.4%) due to the rising business use of security devices in countries like the United States and Canada. The rise in demand for useful goods for door opening is one of the major factors affecting the market in this field. Smart door phones are also growing in popularity among consumers in North America. Large industrial locations and high-security personnel are implementing enhancements to door phones such as a smart locking system and Wi-Fi enabled system.
Global Door Phone Market By Geography, 2022-2030
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Door Phone Market Dynamics
Door Phone Market Driver
Growing Urbanization
- With the increase in urbanization, the demand for door phone systems has also increased. This is because people living in apartments or gated communities require efficient means of communication with visitors and delivery personnel.
Door Phone Market Restraint
High Installation and Maintenance Costs
- Door phone systems can be expensive to install and maintain, which can make them unaffordable for some consumers.
Request Free Customization of this report to help us to meet your business objectives.
Door Phone Market Competitive Landscape
The competitive landscape of the global door phone market is characterized by intense competition, with players competing on the basis of product quality, features, price, and brand reputation. Companies are also investing in research and development activities to develop innovative door phone systems that offer better security and convenience to consumers. In addition, strategic partnerships and collaborations are being formed to expand market reach and increase product offerings. The market is also witnessing consolidation, with larger players acquiring smaller players to gain a larger market share and increase their product portfolio.
Door Phone Market Top Player’s Company Profiles
- Legrand SA
- Samsung Electronics Co., Ltd.
- Godrej Industries Limited
- Siedle & Soehne OHG
- Commax Co., Ltd.
- Fermax Electronica S.A.U.
- Kocom Co., Ltd.
- TCS AG
- Urmet Group
- Zhuhai Taichuan Cloud Technology Co., Ltd.
- FERMAX UK LTD
- 2N TELEKOMUNIKACE a.s.
- Shenzhen Wision Technology Holdings Co., Ltd.
- Elvox Srl
- Entryvue USA Inc.
- Austco Communication Systems Pty Ltd.
- Vimar SpA.
Door Phone Market Recent Developments
- One of Honeywell's biggest innovations in building controls to date was the company's January 2024 launch of Advance Control for Buildings, a ground-breaking platform. Advance Control is a building automation system that integrates cutting-edge technologies with decades of invention and subject understanding to power energy-efficient construction strategies. A simplified operating system with integrated cybersecurity and higher network speeds that, in an industry first, employs existing wire is powered by automation and machine learning. The recent announcement by Honeywell to realign its business with three compelling megatrends, including automation and the energy revolution, is further supported by this announcement.
- December 2023 Panasonic Corporation (PC), Panasonic Life Solutions India (PLSIND), and 100X, a top seed stage venture capital (VC) firm, are working together.The 12 start-ups on the shortlist for the "Panasonic Ignition" Corporate Innovation accelerator program were revealed by VC out of over 140 entries. Panasonic wants to support, advise, and invest in early- to mid-stage companies that are developing cutting-edge commercial energy management solutions.
- Hikvision India unveiled the Eco IP Video Door Phone Series in February 2023 in response to the changing security and communication requirements of the residential and business markets.
Door Phone Key Market Trends
- Integration with smart home automation: Door phone systems are increasingly being integrated with smart home automation systems, allowing homeowners to remotely control and monitor their door phone systems through their smartphones or other smart devices. This trend is driven by the increasing demand for home automation systems and the need for greater convenience and control among homeowners.
- Adoption of wireless door phone systems: Wireless door phone systems are gaining popularity, driven by their flexibility, ease of installation, and scalability. Wireless door phone systems can be easily installed without the need for extensive wiring and can be easily expanded to accommodate additional devices or features.
- Increasing demand for video door phones: Video door phones are becoming increasingly popular, as they offer greater security and convenience compared to audio-only door phones. Video door phones allow users to visually identify visitors before granting them access, which enhances security and prevents unauthorized access.
- Growing adoption of cloud-based door phone systems: Cloud-based door phone systems are gaining popularity, as they offer greater scalability, flexibility, and cost-effectiveness compared to traditional on-premise door phone systems. Cloud-based door phone systems can be easily managed and accessed remotely, making them ideal for large-scale installations or multi-site deployments.
Door Phone Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Door Phone market is the Growing demand for safety devices like door phones is being driven by growing safety concerns in residential and business settings due to unauthorized access. When connected with the access control system, it not only improves home security but also provides a lot of convenience. This gadget can be used to connect many residences and function as both an intercom and a safety device, saving on the added cost of setting up and maintaining many devices.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.79 Million |
| Market size value in 2031 | USD 6.19 million |
| Growth Rate | 5.60% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Door Phone Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Door Phone Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Door Phone Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Door Phone Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Door Phone Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Door Phone Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
