Door Phone Market Analysis Report By Product, By Application, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global door phone market size was accounted for USD 3.4 billion, in 2018. It is estimated to grow at a CAGR of 5.7% during the forecast period, 2019 to 2025. Nowadays, security is one of the major concerns among people in commercial and residential spaces. This device helps in controlling the access of unauthorized people and provides home security. This device is preferred by the management of large societies to provide security and intercom services, These factors are expected to drive the demand for this product over the forecast period.

This device is needed where the entry of a person has to be regulated such as at malls, stores, banks, offices, hotels, apartments, bungalows, villas, and other such places. The concept of smart home and home automation is gaining high popularity which is thereby is expected to boost the demand for security devices in coming years. These devices can be easily controlled through tablets and smartphones due to technological advancements. People staying far away from their homes can also keep a watch on the opening and closing of their doors by connecting this device to their smartphones. It provides complete security making it more reliable Therefore, this device is helpful for those who work for long hours and are unable to keep continuous attention on their house. Moreover, people in western countries demand video door phones that have advanced features. These factors are expected to proliferate the market growth from 2019 to 2025.

The number of metropolitan cities across the globe is increasing rapidly. People from villages and small towns are migrating to these cities in search of employment. Therefore the number of independent houses is decreasing rapidly with an increase in the number of apartments and multistoried buildings due to lack of space. This factor has boosted the demand for security and surveillance devices across different regions. Wireless door phones provide security at multiple places such as at the society entrance, at the passage or lobby, and the main door. In case of any emergency, the entry and exit can be controlled through a central unit. These features are expected to further boost the demand for these devices over the forecast period.

Rising incidences of theft and burglary across the globe are accelerating the demand for video door phones. A security alarm starts ringing immediately as soon as the device detects any unauthorized access. This feature is expected to drive the need for such devices in residential as well as commercial spaces from 2019 to 2025. Technical problems may occur sometimes, which causes the alarm to ring even when there is no incidence of theft or burglary happening. This may create trouble for the users. This factor is anticipated to adversely affect the growth of the video door phones market during the forthcoming years.         

Product Insights

Based on the product, the door phone market is further divided into audio door phones and video door phones. In 2018, the audio device segment held the largest market share of 54.9% of the overall revenue. This device is used in the majority of commercial places such as ticket counters, banks, hotels, and offices. Users can easily see a person through glass windows and doors. This need is satisfied by the usual audio device. Therefore, there is a high requirement for audio door phones at such places.

The segment of video door phones is anticipated to grow at the fastest CAGR of 6.5% over the forecast period. The growth is attributed to rising demand for this device at large societies to regulate the entry and exit of visitors. Moreover, network video door phones are gaining high popularity because they can be connected to a central security unit which provides all-around security to the house. Furthermore, technological advancements, regulations, and policies of the government, and infrastructural development are some of the factors expected to contribute to the market growth from 2019 to 2025.

Application Insights

The residential application segment held the largest revenue share which accounted for USD 2.5 billion in 2018. Personal security and the safety of family members are the most important factors of concern among modern consumers. In addition, the number of residential buildings is increasing rapidly with time. This is expected to accelerate the demand for this device from 2019 to 2025. Families with children and senior citizens highly prefer this product as it provides complete security. Furthermore, features such as security alarm, recording facility, and easy installation process are expected to boost the sales of this device from the residential sector.

The commercial application segment is projected to grow at the fastest CAGR of 7.2% over the forecast period. Rising demand for devices that provide tight security at many private offices and industries is anticipated to drive the segment growth. Rising incidences of terrorist attacks at various commercial spaces such as hotels, banks, and others are driving the urgency for safety and surveillance devices that provide enhanced protection and high-level security. Moreover, biometric authentication is a newly added feature that gives entry strictly to authorized persons. More such advanced features are video recording, artificial intelligence (AI), and face recognition are expected to further drive the demand for door phones over the forecast period.

Regional Insights

In 2018, North America is anticipated to be the largest market for door phones with a market share of 35.4%. In developed nations such as Canada and U.S., there is high demand for safety and surveillance devices from the commercial segment. People in this region are highly reliable on these devices as they provide high-level security and convenience for opening the door. Moreover, smart technology door phones are gaining high popularity among the consumers in this region. In addition, door phones with Wi-Fi and smart locking system are much popular among high-level security agencies. These factors are expected to drive the growth of the regional market over the forecast period.

Asia Pacific is projected to grow at the fastest CAGR of 7.6% from 2019 to 2025. The growth is attributed to the rising number of residential buildings in emerging countries such as India and China. For instance, in India, approximately 90% of the new residential buildings are installed with door phones or other security devices. Further, products with advanced technology are rapidly replacing the traditional security services at large societies and multistoried buildings. This factor is anticipated to further drive the demand for door phones in the regional market.

Door Phone Market Share Insights

Some of the leading players in this industry include Panasonic Corporation; Aiphone Corporation; 1byone, Inc.; Fermax Holding Investment SL; Honeywell International Inc.; ABB Genway; Legrand; Axis Communications; Urmet Group; and Guangdong Anjubao. There are moderate to high entry barriers for the new entrants to enter the market owing to the presence of a large number of dominant players. To gain an edge over other competitors, leading brands are focusing on strategic initiatives such as R&D, product innovation, new product launches, and various marketing strategies. For example, Panasonic Corporation in August 2018, launched an innovative product in the video door phone segment with video recording and voice change feature. 

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global door phone market report based on product, application, and region:

• Product Outlook (Revenue, USD Billion, 2015 - 2025)
    • Audio Door Phones
    • Video Door Phones

• Application Outlook (Revenue, USD Billion, 2015 - 2025)
    • Commercial
    • Residential

• Regional Outlook (Revenue, USD Billion, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • France
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa (MEA)
        • South Africa