Global Door Phone Market Overview
Global Door Phone Market Size was valued at USD 2.9 Billion in 2022. The Door Phone market ] is projected to grow from USD 3.127 Billion in 2023 to USD 5.725 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.85% during the forecast period (2023 - 2032). The surging number of smart homes has led to an increase in security and surveillance system installation. The increasing adoption of home automation is the key market driver to amplify market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Door Phone Market Trends
- Growing demand for smart homes is driving the market growth
Market CAGR for the door phone market is driven by the demand for home automation and the requirement for safety appliances. The adoption of smart technology has increased the use of smartphones and tablets, which enables easy connection to the door phone from far places. The growing number of smart cities in all countries powers the demand for safety and surveillance products. The increase in urbanization has caused space constraints, resulting in the development of multi-storied apartments, leading to the growth of the door phone market to robust the security system.
The wireless door phone market is expected to grow as home automation and smart homes become more popular. Several commercial and residential buildings are using digital door phones to strengthen security; hence the advancement in technology and adoption of the smart home will reckon the door phone market. The concerns regarding the safety and security of residential properties because of the surge in burglaries and thefts, growing research and development activities, and increase in globalization and westernization are responsible for the door phone market growth, thus, driving the door phone market revenue.
The report published by the University of North Carolina indicated that about 60% of the burglary couldn't happen because of the presence of the alarm system in video door phones. The market's long-term development can be hampered due to economic instability and fluctuation in the currency price, high installation & maintenance costs, and sometimes technical errors that restrict the market.
However, with technological advancement, wireless door phones serve security needs. The manufacturing companies are centering on improvements, expected to gain market growth. Smartphones are being linked to wireless door phones that will allow people to manage the closing and opening of the doors within a standard distance.
The video door phone is the equipment provided with outdoor and indoor elements; an increase in internet diffusion all over the globe can be the driving factor for the market's growth. The video door phone market is anticipated to grow at a rate of 6.40% in the forecast period of 2022-2030.
Door Phone Market Segment Insights
Door Phone Market Type Insights
The Door Phone Market segmentation based on type are audio and video. The audio segment dominated the market in the door phone market. Audio door phones are widely used in commercial spaces like offices, ticket counters, and banks where mostly glass doors and windows allow the operator to see the person physically; hence, audio door phones suffice.
Figure 1: Door Phone Market by Type, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Door Phone Market Connectivity Insights
The Door Phone Market segmentation is based on connectivity, including wired door phones and wireless door phones. The wireless door phone market segment has the largest revenue share in the door phone market. The features of wireless door phones, like easy mobility, help the resident to keep a watch on visitors at the door with their phone even when they are not present on the premises. The rise in the adoption of video door phones in non-residential and government applications for security purposes will eventually help in growing the market.
Door Phone Market Regional Insight
By region, the study provides market insights into the North America, Asia-Pacific, Europe, and the Rest of the World. The North American door phone market has the largest and most significant share in the door phone market as the commercial sector has surged the inclusion of security devices in the countries such as the United States and Canada. Intelligent Door Phones are also attaining popularity in North America.
Further, other countries studied in the market report are The U.S., France, Canada, Germany, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.
Figure 2: DOOR PHONE MARKET SHARE BY REGION 2022 (%
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe, video door phones market is the second largest market. The market is expected to emerge as a significant market because of product development and a rise in investment by government institutions. The adoption of innovative technologies and the well-established electronic industry in Asia-Pacific has given organizations a competitive edge in the market. Moreover, UK door phone market held the largest market share, and the Germany door phone market was the fastest growing market in the region.
The Asia-Pacific door phone market is anticipated to grow with the fastest CAGR from 2023 to 2032 as the real estate sector in India is expanding. There is a surge in this industry because of the increase in the number of residential development projects; these new constructions of buildings install some or the other door phones, hence expanding the demand in this country. Moreover, China’s door phone market held the largest market share, and the Indian door phone market was the fastest growing market in the Asia-Pacific region.
Door Phone Key Market Players & Competitive Insight
The leading market players are investing heavily in research and development and technology in order to enlarge their product lines, which will help the door phone market grow even more. Market contributors are also undertaking a variety of prudent activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the door phone industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global door phone industry to benefit clients and increase the market sector. In recent years, the door phone industry has offered some of the most significant advantages to security. Major players in the door phone market, including Aiphone Corporation, Panasonic Corporation, Fermex Holding Investment SL, 1byone Inc., Honeywell International Inc., ABB Genway, Legrand, and others, are aiming to increase market demand by putting forward innovation in technology to fulfill the customers needs for proper security.
Panasonic launched VL-V590 and VL-V900 devices that enhance customers' surveillance and security requirements and provide imperative features like location monitoring, electric look release, multiple household connectivity, and wireless connectivity. The video door phone market vendors, with the good technical and financial resources of these phones, are going to gain a competitive advantage against their competitors as they can provide the market demands. Henceforth, the competitiveness in the market is expected to grow because of the strategies adopted by the vendors as technical innovations and product extensions increase. Market analysis claims that the video door phone market is determined to be a profitable trend to gain a stronger foothold.
The ABB, with the launch of Video Indoor Station 7, has expanded its door in communication solutions. The ABB has welcomed a range of video panels for door communication with the latest incorporation of Video Indoor Station 7. This device combines a 7-inch display with a slim 19mm design which provides the essential video door functionalities such as camera integration and snap chat function.
Key Companies in the door phone market include
Door Phone Market Developments
May 2022 Spacetek Pro, a 100% 'Made In India' digital lock, was launched by Godrej Locks, the 125-year-young leading manufacturer of innovative locking systems. This is the latest high technology and aesthetically designed keyless home safety solution that provides the features like 360-degree fingerprint recognition and auto locking; such dynamic launches are perfect for modern homes that provide safety.
December 2020 A global leader in supplying security solutions, Razberi Technologies, which is situated in Farmer Branch, Texas, acquired by ACRE, has developed strategic expansion ambitions for empowering its visual and communications company and product range.
June 2020 WESCO International and Anixter International Inc. have become the world's leading communications, electrical, and utility distribution and supply chain solutions providers as they have completed their merger.
Door Phone Market Segmentation
Door Phone Market Type Outlook
Door Phone Market Connectivity Outlook
- Wired Door Phone
- Wireless Door Phone
Door Phone Market Regional Outlook
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
Rest of the World
|Market Size 2022
||USD 2.9 billion
|Market Size 2023
||USD 3.127 billion
|Market Size 2032
||USD 5.725 billion
|Compound Annual Growth Rate (CAGR)
|Market Forecast Period
|Market Forecast Units
||Value (USD Billion)
||Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
||Type, Connectivity, and Region
||North America, Europe, Asia Pacific, and the Rest of the World
||The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
|Key Companies Profiled
||Aiphone Corporation, Panasonic Corporation, Fermex Holding Investment SL, 1byone Inc., Honeywell International Inc., ABB Genway, Legrand
|Key Market Opportunities
||Increase in the concern for security and demand for smart homes.
|Key Market Dynamics
||Development of infrastructure and adoption of innovative technologies & connectivity.
Frequently Asked Questions (FAQ) :
The Door Phone Market size was valued at USD 2.9 Billion in 2022.
The global market is projected to grow at a CAGR of 7.85% during the forecast period, 2023-2032.
Region, North America had the largest share of the global market
The key players in the market are Aiphone Corporation, Panasonic Corporation, Fermex Holding Investment SL, 1byone Inc., Honeywell International Inc., ABB Genway, Legrand
The audio door phone category dominated the market in 2022.
Wireless door phones had the largest share of the global market.
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