Global Door Phone Market

Global Door Phone Market Size, Share, Growth Analysis, By Product(Audio Door Phones and Video Door Phones), By Application(Commercial and Residential) - Industry Forecast 2024-2031

Report ID: SQMIG45H2030 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 59 | Figures: 75

Global Door Phone Market News

  • One of Honeywell's biggest innovations in building controls to date was the company's January 2024 launch of Advance Control for Buildings, a ground-breaking platform. Advance Control is a building automation system that integrates cutting-edge technologies with decades of invention and subject understanding to power energy-efficient construction strategies. A simplified operating system with integrated cybersecurity and higher network speeds that, in an industry first, employs existing wire is powered by automation and machine learning. The recent announcement by Honeywell to realign its business with three compelling megatrends, including automation and the energy revolution, is further supported by this announcement. 
  • December 2023 Panasonic Corporation (PC), Panasonic Life Solutions India (PLSIND), and 100X, a top seed stage venture capital (VC) firm, are working together.The 12 start-ups on the shortlist for the "Panasonic Ignition" Corporate Innovation accelerator program were revealed by VC out of over 140 entries. Panasonic wants to support, advise, and invest in early- to mid-stage companies that are developing cutting-edge commercial energy management solutions. 
  • Hikvision India unveiled the Eco IP Video Door Phone Series in February 2023 in response to the changing security and communication requirements of the residential and business markets. 
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Global Door Phone Market size was valued at USD 3.79 Million in 2022 and is expected to grow from USD 4.00 million in 2023 to USD 6.19 million by 2031, at a CAGR of 5.60% during the forecast period (2024-2031). 

The competitive landscape of the global door phone market is characterized by intense competition, with players competing on the basis of product quality, features, price, and brand reputation. Companies are also investing in research and development activities to develop innovative door phone systems that offer better security and convenience to consumers. In addition, strategic partnerships and collaborations are being formed to expand market reach and increase product offerings. The market is also witnessing consolidation, with larger players acquiring smaller players to gain a larger market share and increase their product portfolio. 'Aiphone Corporation', 'Honeywell International Inc.', 'Legrand SA', 'Panasonic Corporation', 'Samsung Electronics Co., Ltd.', 'Godrej Industries Limited', 'Siedle & Soehne OHG', 'Commax Co., Ltd.', 'Fermax Electronica S.A.U.', 'Kocom Co., Ltd.', 'TCS AG', 'Urmet Group', 'Zhuhai Taichuan Cloud Technology Co., Ltd.', 'FERMAX UK LTD', '2N TELEKOMUNIKACE a.s.', 'Shenzhen Wision Technology Holdings Co., Ltd.', 'Elvox Srl', 'Entryvue USA Inc.', 'Austco Communication Systems Pty Ltd.', 'Vimar SpA.'

With the increase in urbanization, the demand for door phone systems has also increased. This is because people living in apartments or gated communities require efficient means of communication with visitors and delivery personnel.

Integration with smart home automation: Door phone systems are increasingly being integrated with smart home automation systems, allowing homeowners to remotely control and monitor their door phone systems through their smartphones or other smart devices. This trend is driven by the increasing demand for home automation systems and the need for greater convenience and control among homeowners.

Asia Pacific is predicted to register the fastest growing CAGR of 7.6% during the projection period. The industry is being driven by a rise in residential construction activities. The real estate industry in India is growing swiftly, and 90% of recently constructed buildings have some sort of door phone. As a result, it is highly sought for in these countries. The use of such high-tech devices to replace manual security measures is also increasing demand for door phones because it lowers the cost of security measures for many societies and business settings.

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