Door Phone Market 2021 Global Analysis and Industry Expansion Strategies 2023
Posted by sneha patil on January 7th, 2021
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 phones 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.
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.
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By type, the market is segmented into audio and video. Audio door phone segment contributes to the largest share in the door phone market while video door phone is expected to grow at the highest CAGR during the forecast period. This is majorly due to increasing installation of video door phones in smart homes.
By connectivity, the market is segmented into wired door phone and wireless door phone. Wired door phone segment is expected to contribute to a larger share of revenue whereas wireless door phone will grow at significant CAGR during the forecast period. By end-user, the market is segmented into residential, commercial and others.
The global market for door phone 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.
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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About the Authorsneha patil
Joined: December 28th, 2020
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