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

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 growing concerns about illegal access in home and business settings is driving up demand for safety equipment like door phones. It offers a great deal of ease in addition to enhancing home security when linked with the access control system. This device eliminates the need to set up and maintain several devices by connecting multiple homes and serving as a safety device and intercom at the same time. There is a need for these communication systems in businesses, offices, hotels, banks, villas, bungalows, and other types of establishments. These kinds of technologies become necessary when someone wishes to be in charge of what enters their property.

The growing popularity of smart appliances and home automation is driving up demand for safety appliances in the market. People can now operate their equipment thanks to the adoption of smart technology by utilizing their smartphones and tablets. Even from a distance, one can easily control the opening and closing of their door by connecting their door phone to their smartphone. For parents whose children's upbringing at home depends on the maid or whose friends and family need access to the house while they are abroad, this makes things easier. There is undoubtedly an increasing need for this type of advanced video phone among the major western nations.

Growing urbanization is pushing a lot of people to live in multistory flats due to space constraints. This means that a robust security mechanism is necessary. Wireless door phones can offer several security levels starting at the main door entrance and extending to the lobby and society entrance. The user can easily communicate with the central security system in case of an issue, which expands the worldwide market. A rise in both residential and commercial building activity contributes to the market's growing demand for these products.

According to a survey conducted by the University of North Carolina, over half of the burglars in the country said they had broken into a house at least once, and roughly a third said they had broken into a business. Additionally, nearly 60% of the offenders acknowledged that on occasion, an alarm keeps them from breaking into the property without authorization. For the reasons listed above, video door phones-which are directly connected to the security alarm system-are essential. Due to technical issues, network video phones can occasionally confuse users by raising the false alarm, which restricts their ability to reach new markets.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Door Phone Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Door Phone Market Segmental Analysis

Global door phone market is segmented on the basis of product, application and region. In terms of product, the Door Phone Market is grouped into audio door phones and video door phones. Based on application the Door Phone Market is segmented into commercial and residential. Demographically, the global door phone market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Door Phone Market

Door phone systems are becoming more and more in demand as cities get more populated. This is due to the fact that residents of apartment buildings or gated communities need effective ways to communicate with guests and delivery staff.

Restraints in the Global Door Phone Market

For some customers, door phone systems may be out of their price range due to the high cost of installation and maintenance.

Market Trends of the Global Door Phone Market

Integration with smart home automation: Homeowners can now remotely operate and monitor their door phone systems using their smartphones or other smart devices thanks to the growing integration of door phone systems with smart home automation systems. The growing need for home automation systems and homeowners' desire for more convenience and control are the main drivers of this trend.

Adoption of wireless door phone systems: Due to their scalability, versatility, and ease of installation, wireless door phone systems are becoming more and more popular. Without requiring a lot of wiring, wireless door phone systems are simple to install and may be readily upgraded to handle more devices or functions.

Demand for video door phones is rising: Compared to audio-only door phones, video door phones provide more security and convenience, which is why they are growing in popularity. By enabling users to visually identify guests prior to granting them access, video door phones improve security and stop unwanted entry.

Growing popularity of cloud-based door phone systems: When compared to conventional on-premise door phone systems, cloud-based door phone systems are more affordable, flexible, and scalable. Cloud-based door phone systems are perfect for large-scale installations or multi-site deployments because they are simple to administer and access remotely.