ID: MRFR/SEM/7174-CR | December 2019 | Region: Global | 150 pages
The Global Door Intercom Market is expected to register a 7.92% CAGR, exhibiting substantial growth during the forecast period. The market was valued at USD 2,155.4 Million in 2018; it is expected to reach USD 3,663.6 Million by 2025. Asia-Pacific accounted for the largest market value of USD 938.9 Million in 2018; the market is expected to register a CAGR of 9.63% during the forecast period.
Door intercom systems or door phone is a stand-alone voice communications system that is used within a building or small collection of buildings, functioning independently of the public telephone network. These systems usually comprise a camera installed outside the door. Video intercom equipment is widely installed as audiovisual communication systems at the entry-exit points of offices, societies, and commercial buildings, among others. These devices transmit the audio and visual information by using loudspeakers, camera and other components to enable the communication between the visitor and user. Rapid urbanization in various economies coupled with increased building automation is driving the adoption of door intercom systems for residential and commercial applications.
Global Door intercom, Market, by Product (2018 Vs 2025)
Source: MRFR Analysis
Based on product, the market has been classified as ordinal intercom system and Wi-Fi intercom system. The ordinal intercom system segment accounted for the largest market share in 2018, with a market value of USD 1,111.50 Million. The Wi-Fi intercom system segment is expected to register the highest CAGR during the forecast period. Ordinal intercom systems are the most common type of door intercom systems and are usually built by professionals during the construction phase. This type of intercom system is usually hidden inside the walls of a house and slightly expensive as compared to other types of intercom systems. Wi-Fi intercom systems use different types of radio frequencies to send intercom signals within the property. Wi-Fi intercom systems are less expensive as compared to ordinal intercom systems. These devices do not require any installation. In most cases, Wi-Fi intercom systems are battery-powered, and these batteries can last for a long time. Some intercom systems send out notifications when the battery needs to be replaced. Also, some indoor or outdoor wireless intercom systems are equipped with portable receivers. These devices can be accessed from different locations according to the user’s convenience.
Nowadays, door intercoms have become an essential part of security measures for both security and convenience purposes. Door intercom systems enable individuals to enhance the security of homes as well as helps in avoiding unwanted or unwelcome visitors. Door intercoms have wide application in apartments, houses, hotels, offices, hospitals, schools, and airports among others
The global door intercom market, by region, has been segmented into Asia-Pacific, North America, Europe, Middle East & Africa, and Central & South America. Asia-Pacific is expected to dominate the global door intercom market during the forecast period.
The Key Players of the Global Door Intercom Market are Aiphone Corporation (Japan), Guangdong Anjubao Digital Technology Co., Ltd (China), Panasonic Corporation (Japan), Fujian Aurine Technology Co., Ltd (China), COMMAX (South Korea), Samsung Electronics Co., Ltd (South Korea), Legrand SA (France), Shenzhen Soben (China), Honeywell International, Inc. (US), Kocom Co., Ltd (South Korea), Schneider Electric SE (France), Dahua Technology Co., Ltd (China), ABB Group (Switzerland), Fermax (Spain), TCS AG (Germany).
Key questions addressed by the report
Frequently Asked Questions (FAQ) :
The noteworthy contenders are Guangdong Anjubao Digital Technology Co., Ltd (China), Samsung Electronics Co., Ltd (South Korea), COMMAX (South Korea), Panasonic Corporation (Japan), Aiphone Corporation (Japan) and Fujian Aurine Technology Co., Ltd (China).
A 7.92% CAGR is expected to ensure the accomplishment of earning worth USD 3,663.6 Million by 2025.
The Asia Pacific is expected to register a CAGR of 9.63 %, thus emerging as a key region in the global door intercom market.
The Wi-Fi intercom system segment is considered to record the peak CAGR for the duration of the forecast period.