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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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.
Apart from the top key players, there are other players that contribute to the market growth. These include Commax. (South Korea), Zicom (India), MOX (Australia), Godrej (India), and others.
Global Door Phone Market – Segments
For ease of understanding, the report has been segmented into four key dynamics:
By Type: Audio and Video.
By Connectivity: Wired Door Phone and Wireless Door Phone.
By End-user: Residential and Commercial among others.
By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.
The global market for door phone market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of door phone market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the regions mentioned, North America is expected to dominate the door phone market. In the North America region, US will continue to dominate the market owing to several factors. This includes rapid adoption of advanced technologies, growth of home automation, and a number of vedors based in this region.
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Europe, which is experiencing high growth in smart city projects in various countries, is the second largest door phone market. European Innovation Partnership for Smart Cities and Communities (EIP SCC) has aimed to implement smart city projects in 300 cities. The growth in smart city projects is expected to create immense opportunities for door phone market.
Asia-Pacific region is expected to grow at a significant CAGR during the forecast period. Asia-Pacific is expected to become major hub for home automation. This will create lucrative opportunities for door phone market. Also, growing application for connected technologies for security will boost the demand for door phone market in this region.
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