At CAGR of 6.9% , Door Phone Market To Reach US$ 7.36 Billion by 2028

The latest research study "Door Phone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global door phone market size reached US$ 4.85 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.36 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.

A door phone refers to a collection of electronic and electrical elements that are mounted on the wall with a handset and buttons. It is widely used to communicate with a guest outside of an apartment, house, or villa. A door phone is commonly available in the audio variant, that allows users to talk with the visitor, and the video variant, which lets the resident identify guests via the connected screen. It also enables the locking and unlocking of the main gate and provides a higher level of security. In addition, a door phone can be interlinked between various residences to function as a safety device and an intercom for saving money on maintaining and installing several devices. As a result, this device finds widespread applications in the commercial and residential sectors.

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Door Phone Market Trends and Drivers:

The increasing instances of thefts and burglaries and the escalating concerns toward home security are among the primary factors driving the door phone market. Besides this, the emerging trend of smart homes and the rising utilization of intelligent devices, owing to the inflating income levels and high urbanization, are further augmenting the market growth. Moreover, the introduction of advanced video door phones equipped with voice change function and call recording features and offer picture recording with the assistance of main and extension monitors is also catalyzing the global market. Apart from this, the rising number of renovation and construction activities in the residential and commercial areas are acting as significant growth-inducing factors. Furthermore, the elevating product requirement to enhance public safety, on account of the expanding offices, warehouses, stores, hotels, parks, and resorts, is expected to bolster the door phone market in the coming years.

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Door Phone Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Aiphone Corporation (Aiphone Co. Ltd.),
• CP PLUS International (Aditya Infotech Ltd.)
• Fermax
• 1byone Inc.
• Godrej & Boyce Mfg. Co. Ltd.
• Hangzhou Hikvision Digital Technology Co., Ltd
• Honeywell International Inc.
• KOCOM Co. Ltd.
• Legrand
• Panasonic Corporation
• URMET S.p.A.
• Zicom Electronic Security Systems Ltd

The report has segmented the market on the basis of end use industry.

Product Insights:

• Audio Door Phones
• Video Door Phones

The report has provided a detailed breakup and analysis of the door phone market based on the product. This includes audio door phones and video door phones. According to the report, audio door phones represented the largest segment.

Connectivity Insights:

• Wired
• Wireless

A detailed breakup and analysis of the door phone market based on the connectivity has also been provided in the report. This includes wired and wireless. According to the report, wired accounted for the largest market share.

Application Insights:

• Commercial
• Residential

A detailed breakup and analysis of the door phone market based on the application has also been provided in the report. This includes commercial and residential. According to the report, the residential sector accounted for the largest market share.

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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