The global door phone
market was valued at USD 3.42 billion in 2017 and is expected to reach USD 5.28
billion by the end of forecast period with a CAGR of 7.85%.
Increasing
adoption of home automation and rising number of smart homes has led to the
increase in security and surveillance system installations. Growth in
urbanization is leading to people moving into large multi-occupancy buildings.
These buildings require secured entry such as door phones, surveillance cameras
among others. Therefore, this is one of the major factors that would drive the
demand for door phone market. Door phones provide two way audio and video
communication with the visitors. These can also be paired with apps using which
the audio call/video call can be transferred to the person’s smartphones and
tablets and they can control whether to open the door or not, even when they
are not at home.
Segmentation
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.
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.
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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