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 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.