Door Phone Market Statistics, Size, Share, Growth Factors, Emerging Technologies, Updates Forecast to 2023


Posted November 7, 2019 by rahulwgr123

Door Phone Market, by Type (Audio, Video), by Connectivity (Wired Door Phone, Wireless Door Phone), by End-User (Residential, Commercial, Others) by Global Forecast till 2023

 
Market Highlights

Increasing number of smart city initiatives across the globe is driving the adoption of security solutions, which is expected to create demand for door phone market. Door Phone Market provide two-way audio and video communication with the visitors. These can also be connected with smartphones and tablets and the person can take up audio call/video call on the devices and can control whether to open the door or not, even when they are not at home. Moreover, growing urbanization and people shifting to large multi-occupancy buildings is also creating the need for door phone market.

Additional factors that are predominantly contributing to the growth of the market include government initiatives and policies for home security solutions, smart city projects, and the substantial investments made into developing innovative solutions. Technological advancement alongside the increasing demand for useful and advance technology-based products are anticipated to boost the size of the door phone market.

Furthermore, increasing usages of IoT and the development of smart, cost-effective security systems are contributing to the growth of the door phone market. The growing number of installations of video door phone market in the increasing number of smart home projects is a key driving force behind the growth of the door phone market.

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Key players

The key players in the door phone market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – Honeywell International Inc. (US), Samsung (South Korea), Svat Electronics (Canada), Jacques Technologies (Australia), Nortek Security & Control (US), Bosch Security System (US), Aiphone (Japan), Fermax (Spain), Legrand (France), and Panasonic Corporation (Japan), These players contribute a major share in the growth of door phone market.

Market Segmentation

For a detailed analysis of the global door phone market, it has been segmented into type, application, and end-user.

In terms of type: It includes audio and video. Among these, the audio door phone segment is noted to be contributing the largest share in the door phone market, whereas, video door phone is expected to inflate at the highest CAGR in the forecast period. Therefore, increasing installation of video door phone in smart homes.

In terms of connectivity: It includes wired door phone and wireless door phone. Among them, the segment of the wired door phone is anticipated to healthy contribute to having a larger market share. Whereas, wireless door phone will nurture at significant CAGR during the assessment period.

In terms of end-user: It includes residential, commercial, and many more.

Detailed Regional Outlook

Geographically, the global door phone market has been studied under the critical regions of North America, Europe, Asia-Pacific, and the Rest of the World.

Among these, North America is considered to be leading the door phone market as the U.S. continues to lead in favor of several factors. The factors include the rapid adoption of advanced technologies coupled with the increasing number of vendors in this market-based in this region.

The European market for door phone market is also experiencing high growth, mainly in smart city projects in various countries. On this note, European Innovation Partnership for Smart Cities and Communities (EIP SCC) has intended to implement smart city projects in around 300 cities, which is anticipated to bring in immense opportunities for door phone market.

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Asia-Pacific’s market for door phone market is also on the verge of attaining a significant CAGR during the forecast period as this region is a vital hub for automation. Due to this, the market keeps on growing at a steady pace along with lucrative opportunities that keep coming the market. On the other hand, increasing application for connected technologies for security will, therefore, boost the demand for door phone market in this region.

Sturdy economic progress is also driving the growth of door phone market in the Rest of the World. The Demand for door phone market has risen intensely over the past years globally.

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Last Updated November 7, 2019