Door Phone Industry, Leading Growth Drivers, Emerging Audience, Segments, Market Sales & Profits
The global door phone market is growing
leaps and bounds. Rapidly improving connectivity and the rising demand for
easy-to-integrate security systems that offer preps designs are a major trend
in the door phone industry globally. Besides, the increasing integration of
advanced door phones in smart homes is the prevalent trend among consumers,
driving the growth of the market.
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Moreover, the
wide uptake of door phones is the key driving force escalating the market on
the global platform. According to Market Research Future (MRFR), the global
door phone market is forecasted to perceive a valuation of USD 5.28 billion by
2023, growing at7.85% CAGR during the assessment period (2018 – 2023). When it
comes to security and surveillance systems, video door phones are considered
crucial.
Industry
players intend to set new benchmarks with their value for money accessory
range. Technological advances and rising numbers of smart and connected homes
and workplaces are fostering the market growth. Over the past few years,
investments in developing smart security systems are growing pervasively.
Additionally, the rising demand for smart security doorbells that come with a
motion sensor and cameras for video recording influence the growth of the
market.
Global Door Phone Market – Segmentation
The door phone market analysis is segmented into type, connectivity,
end-user, and regions.
The type segment is sub-segmented into audio and video. Of these, the
audio door phone segment accounts for the largest market share, while the video
door phone segment grows at a higher CAGR, mainly due to the increasing
installation of video door phones in smart homes.
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The connectivity segment is sub-segmented into wired door phones and wireless
door phones. Of these, the wired door phone segment accounts for the largest
market share, while the wireless door phone segment grows at a higher CAGR,
witnessing the rising adoption in residential and commercial settings. The
end-user segment is sub-segmented into residential and commercial sectors.
Global Door Phone Market – Competitive
Analysis
Fiercely competitive, the door phone market appears fragmented, with
many large & small players forming a competitive landscape. Product launch,
agreement & partnership, M&A, and expansion are strategic initiatives
traced from recent market proceedings.
Door Phone Market – Geographical
Analysis
North America region dominates the global door phone market. The largest
market share attributes to the rising adoption of advanced security &
surveillance systems. Besides, rising smart home projects create substantial
market demand for video door phones. High standard of living is another key
factor driving the growth of door phones in the region.
Moreover, technological advancement and increased adoption in residential
and commercial settings substantiate the market size. The US market accounts
for the dominating market in the region. The North American door phone market
is expected to witness fabulous market growth during the review period.
Europe is another lucrative market for door phones, holding a
substantial market share. The increasing adoption of automated security systems
in homes stimulates market growth in the region. Furthermore, the proliferation
of smart devices along with the penetration of the internet increases the
region’s market share.
Simultaneously, regulatory mandates introduced in the region coupled
with the presence of a large untapped consumer base provide impetus to the
market growth. The European door phone market is poised to witnessing huge
growth over the assessment period.
The Asia-Pacific door phone market is witnessing a rapid expansion stage
due to the growing markets in India, China, and Japan. The large presence of
sensor manufacturing companies is a major driving force.
India and China are major door phone markets placing the region at the
forefront of the competition globally. The APAC door phone market has been
valued considerably and is estimated to grow further by the end of the
forecasted period.
Major Players:
Players leading the door phone market are Samsung (South Korea),
Honeywell International Inc. (US), Svat Electronics (Canada), Nortek Security
& Control (US), Jacques Technologies (Australia), Bosch Security System
(US), Fermax (Spain), Aiphone (Japan), Legrand (France), Zicom (India), Commax
(South Korea), MOX (Australia), Godrej (India), and Panasonic Corporation
(Japan), among others.
Industry/ Innovation/ Related News
February 25, 2021 --- Secureye (India), a
leading global smart, intelligent security solution provider, launched a
complete range of fiber and networking equipments and accessories. Secureye’s
video door phone system & home security are known for their high efficiency
and performance. With the launch of these products, the end consumers of
different security and surveillance tools and equipments, such as CCTV cameras,
face scanner wireless cameras, access control devices, and video door phones,
would benefit hugely. Additionally, the company is also coming up with CATV
equipments which will be used in cable TV operation and communication.
Ref:
http://www.newspatrolling.com/secureye-launches-range-of-fibernetworking-equipments-and-accessories/
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