What is the global market size of the Door Phone Market?

Global Door Phone Market size was valued at USD 3.59 Million in 2021 and is expected to grow from USD 3.79 million in 2022 to USD 5.86 million by 2030, at a CAGR of 5.60% during the forecast period (2023-2030).

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 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.

Door Phone Market Report Snapshots

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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 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. 'Aiphone Corporation', 'Honeywell International Inc.', 'Legrand SA', 'Panasonic Corporation', '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.'

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.

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.

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.

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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

Door Phone Market Dynamics

Door Phone Market Report Snapshots

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