Door intercom Market Research Report: by Product (Ordinal Intercom System and Wi-Fi Intercom System), By Application (Apartments, Houses, Hotel, Office and Others) by Region (North America, Europe, Asia-Pacific, Middle East & Africa and Central & South America) - Forecast till 2027

Door Intercom Market Overview

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 5.30% 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.

Market Dynamics

Drivers

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.

Opportunities

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.

Restraints

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.

Market Segmentation

The door intercom market has been divided all across the globe based on product, application, and region.

Based on the Product

• The Door Intercom Market has been divided all across the globe based on the product into Wi-Fi intercom system and Ordinal intercom system. The largest market share in the product dividend is held by the ordinal intercom system as it is built by professionals. It is valued at USD 1,111.50 million in 2018. However, the Wi-Fi intercom system is anticipated to register higher market growth during the forecasted period.

Based on the Application

• The Door Intercom Market has been divided all across the globe based on the application into airports, schools, hospitals, offices, hotels, houses, apartments, and many others. The largest market share in the global market is held by the hospital dividend during the forecasted period.

Based on the Region

• The Door Intercom Market has been divided all across the globe based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.

Regional Analysis

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.

Competitive Landscape

The most prominent major key players in the door intercom market all across the globe are mentioned below:

• TCS AG (Germany)


• Fermax (Spain)


• ABB Group (Switzerland)


• Dahua Technology Co., Ltd. (China)


• Schneider Electric SE (France)


• Kocom Co., Ltd. (South Korea)


• Honeywell International, Inc. (US)


• Shenzhen Soben (China)


• Legrand SA (France)


• Samsung Electronics Co., Ltd. (South Korea)


• COMMAX (South Korea)


• Fujian Aurine Technology Co., Ltd. (China)


• Panasonic Corporation (Japan)


• Guangdong Anjubao Digital Technology Co., Ltd. (China)


• Aiphone Corporation (Japan)

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.

Recent Developments

• In October 2018, a new range of video systems in the VL-VM series has been introduced by Panasonic for the Middle East and African region. This new range series includes 110 degrees vertical angles and 170 degrees horizontal.


• In November 2018, a home automation specialist namely, Netatmo has been acquired by Legrand SA. It will help the company to strengthen its position in the IoT (Internet of Things) market. It will also help in forming an external growth strategy.


• In January 2019, a connected security platform, Pro-Watch5 has been introduced by Honeywell with new and varied features like event handling, access and vendor management portals, and web-based alarm.


• In February 2019, an updated Jo series video intercom has been introduced by Aiphone Corporation. It will help in enabling its users like small businesses and homeowners to control front-door access using a cloud-based mobile application.

Report Overview

This global door intercom market research report consists of the following elements mentioned below:

• Market Overview


• COVID 19 Analysis


• Market Dynamics


• Value Chain Analysis


• Market Segmentation


• Regional Analysis


• Competitive Landscape


• Recent Developments

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.