Report ID: SQMIG45H2030
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 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.
Door Phone Market Report Snapshots
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