USD 3.79 Million
Report ID:
SQMIG45H2030 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
59
|Figures:
75
Door Phone Market size was valued at USD 4 Million in 2023 and is poised to grow from USD 4.22 Million in 2024 to USD 6.54 Million by 2032, growing at a CAGR of 5.60% during the forecast period (2025-2032).
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.
Global Market Size
USD 3.79 Million
Largest Segment
Audio Door Phones
Fastest Growth
Video Door Phones
Growth Rate
5.60% CAGR
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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.
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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.
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Door Phone Market Driver
Growing Urbanization
Door Phone Market Restraint
High Installation and Maintenance Costs
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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
Door Phone Market Recent Developments
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 2023 | USD 4 Million |
Market size value in 2032 | USD 6.54 Million |
Growth Rate | 5.60% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
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Report ID: SQMIG45H2030
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