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Door Phone Market Size Is Expected To Reach USD 5.1 Billion By 2025 | Key Players – Aiphone Corporation, Panasonic Corporation, Fermax Holding Investment SL, 1byone, Inc., Honeywell International Inc.

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Door Phone Market Size Is Expected To Reach USD 5.1 Billion By 2025 | Key Players – Aiphone Corporation, Panasonic Corporation, Fermax Holding Investment SL, 1byone, Inc., Honeywell International Inc.

February 09
03:16 2020
Door Phone Market Size Is Expected To Reach USD 5.1 Billion By 2025 | Key Players - Aiphone Corporation, Panasonic Corporation, Fermax Holding Investment SL, 1byone, Inc., Honeywell International Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,The door phone market is driven by consumer spending on security and safety products for home, along with rise in demand from the multi storage residential buildings.

According to a report, “Door Phone Market Size, Share & Trends Analysis Report By Product (Audio Door Phones, Video Door Phones), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The global door phone market size is expected to reach USD 5.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.7% over the forecast period. The market is driven by consumer spending on security and safety products for home, along with rise in demand from the multi storage residential buildings. Moreover, cost of keeping manual security at every place in a premise is much costlier as compared to the automated security devices, thereby resulting in increased sale of door phones in the market.

The market is driven by increasing number of smart and automated homes in Asia Pacific, along with availability of cost effective products from various regional manufacturers. It can also be integrated with the central security system of the building, thereby making home monitoring easier and safer. These products are highly demanding for physically handicapped and old people in the house for whom every time when the bell rings, running down from the top floor is a big pain. The invention of high-end video door phones is substantially getting more popular in the market. It provides live conversation with the person without even opening of main door.    

Adoption of smart technology and smart control of devices with the help of smart phones is also one of the major reasons behind growing need for automated home security system. Door phones connected with smart phones have special feature, which allows user to control the access of visitors even if when they are not in home. Moreover, advancements in door phones including addition of security alarms, quick access through biometric sensors, and smart control provide a growth opportunity for the market.

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Asia Pacific is expected to expand at the highest CAGR of 7.6% over the forecast period. The market is driven by increasing number of construction activities in the residential sector. Moreover, growing concerns over safety and security of people who are living alone in their houses are driving this market. Commercial spaces are also installing these devices at various locations for giving advanced level of safety and security to the employees. Audio door phones accounted for the largest market share in 2018 owing to their increased usage in commercial spaces.

Various strategic initiatives such as new product launches, expansion, and mergers and acquisitions are taken by the key players in order to increase the brand presence in the market. Some of the key players in the business are Aiphone Corporation; Panasonic Corporation; Fermax Holding Investment SL; 1byone, Inc.; Honeywell International Inc.; ABB Genway; and Legrand. For instance, in August 2018, Panasonic Corporation launched a wireless video door phone, along with a voice change function.

U.S. door phone market

Further key findings from the report suggest:

  • By product, video door phones are projected to ascend at the fastest CAGR of 6.5% over the forecast period

  • The residential application segment dominated the global market with an overall share of 72.2% in 2018

  • North America dominated the global market in 2018, accounting for 35.4% share of the overall revenue. This trend is projected to continue over the next few years

  • Various manufacturers are concentrating on new product launches, marketing campaigns, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Application Insights

The residential sector was the largest application segment with a revenue of USD 2.5 billion in the year 2018. Door phones for homes are high in demand as the personal and family safety is a prime concern for a customer. Moreover, rising number of residential constructions is anticipated to boost the sales of the product over the forecast period. The product is very helpful in providing security if there are senior citizens and children at home. Moreover, easy installation techniques and recording feature of the product in case of theft at home are boosting the sales in the industry.    

Global door phone market

The commercial sector is expected to be the fastest growing segment, expanding at a CAGR of 7.2% from 2019 to 2025. The segment is driven by rise in demand for high level of security needed at many industries and private offices. Increasing number of terrorist attacks in various hotels and commercial places is driving the need for safety instruments.  In addition, door phones with biometric access feature allows the entry of only authorized personal in the premises. Some other added features such as face recognition, video recording, and artificial intelligence are driving the demand for advanced level phones in the market.  

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Grand View Research has segmented the global door phone market on the basis of product, application, and region:

Door Phone Product Outlook (Revenue, USD Billion, 2015 – 2025)

  • Audio Door Phones

  • Video Door Phones

Door Phone Application Outlook (Revenue, USD Billion, 2015 – 2025)

  • Commercial

  • Residential

Door Phone Regional Outlook (Revenue, USD Billion, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • France

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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