ID: MRFR/SEM/7174-CR | December 2019 | Region: Global | 150 pages
The Door Intercom Market was valued at USD 2,1554.4 million in 2018, and it is expected to grow at a higher CAGR of 7.92% in the global market to account for a higher market share value of approximately USD 3,663.6 million by the end of the forecasted period.
A stand-alone voice communications system that is largely used within a small collection of buildings functioning privately is called a door intercom system. Another name for this system is the door phone. The main component used to install this system is a camera which is mainly installed outside the door. It is installed at entry and exit points of commercial buildings, societies, and offices. This system enables the communication between user and visitor using a camera and loudspeaker.
COVID 19 Analysis
The global pandemic of COVID 19 has affected a large section of society. Most people have lost their livelihood because of this global pandemic. It has affected the growth and dynamics of several industries. Owing to the shortage of vaccines, everyone is concerned about their immunity and follows social distancing. During the lockdown situations, many offices have halted their construction which resulted in a decline in sales revenue. Moreover, manufacturing units were shut down which resulted in delayed production. The shutdown of offices, schools and various commercial buildings lead to decreased profit margin.
However, the door intercom market is expected to recover from this global pandemic by the end of the third quarter of the coming year by properly strategizing according to the needs of the market.
Numerous factors drive Door Intercom Market growth. Rising awareness among end-users regarding home security and safety from various theft issues drives the market demand in the global market. Moreover, increasing use of IP technology coupled with liberal standards for installation of door intercom systems drives the market demand. Increasing building automation coupled with increasing urbanization in various emerging countries drives the Door Intercom Market demand in the global market during the forecasted period.
The rise in demand for door intercom market in the global market. Many door intercom systems are battery-powered which lasts for a longer time which provides growth opportunities during the forecasted period. Also, the availability of well-equipped portable receivers in various outdoor and indoor wireless intercom systems creates more demand opportunities in the global market. Moreover, smart cities initiatives are taken by the government of several emerging countries also provide great opportunities for growth during the review period.
Although the door intercom market is increasing tremendously in the global market some factors restrict its growth. The high cost associated with installing the intercom communication system hampers the market growth in the global market. Moreover, it requires technical skills for operating it which also restricts its market growth in the global market. Lack of awareness of availability in various emerging countries also obstructs market growth.
Value Chain Analysis
The door intercom market is increasing at an incredible rate in the global market owing to various benefits associated with it. It helps in keeping airports, schools, hospitals, offices, hotels, houses, and apartments safe and secure. It also avoids unwanted and unnecessary visitors. This intercom system can be accessed from different locations according to the convenience of users. It is a very good system for the safety of children from unwelcomed visitors.
The door intercom market has been divided all across the globe based on product, application, and region.
Based on the Product
Based on the Application
Based on the Region
The door intercom market has been divided all across the globe based on the region into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. Being the fastest-growing region the largest market share in the door intercom market is held by the Asia-Pacific region and it dominates in the global market. Moreover, the Asia-Pacific region was valued at USD 938.9 million in 2018 and further, it is antici5 to grow at a faster growth rate of CAGR 9.63% in the global market.
The second-largest market share in the door intercom market is held by the North American region owing to the presence of various giant major key players that creates more growth opportunities in this region. Moreover, changing trend towards wireless intercom also creates more growth opportunities in this region.
The third-largest market share in the door intercom market is held by the European region owing to the presence of a well-established wireless infrastructure system which enables the consumers to shift towards an audio-visual communication system. An increase in personal disposable income is another contributing factor that drives the market demand in this region.
The least market share in the global market is held by the Latin American region and the Middle East and African region owing to the presence of low infrastructure in both these regions. Low per capita disposable income is another factor that restricts the market growth in these regions.
The most prominent major key players in the door intercom market all across the globe are mentioned below:
These major key players use various strategies to sustain their market position in the door intercom market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new production process, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the door intercom all across the globe.
This global door intercom market research report consists of the following elements mentioned below:
This market research report contains factors that drive the growth of the door intercom market in the global market along with the factors that restrict its growth in the global market. The technical analysis for the growth estimation during the forecasted period is mentioned. The impact of COVID 19 on the sales revenue of the door intercom market all across the globe is mentioned. The future growth rate in the door intercom market during the forecasted period is estimated and mentioned.
|Market Size||USD 3,663.6 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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 Market Opportunities||Consumers’ growing inclination towards convenience and the surging usage across different industries.|
|Key Market Drivers||
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.