![]() The market experiences a significant demand led by the high growth in smart city projects in various countries. The door phone market in the European region accounts for the second-largest market, globally. Moreover, factors such as government initiatives against criminal activities drive the regional market. The US, backed by its futuristic technologies, leads the door phone market in the region. Furthermore, factors such as the rapid adoption of advanced technologies, growth of home automation, and the presence of a number of notable players impact the growth of the regional market, positively. North American region, heading with its vast technological advancements and growing trend of home automation, would continue with its dominance over the global door phone market. Global Door Phone Market – Regional Analysis (US), Svat Electronics (Canada), Nortek Security & Control (US), Jacques Technologies (Australia), Bosch Security System (US), Fermax (Spain), Aiphone (Japan), Panasonic Corporation (Japan), Legrand (France), Commax (South Korea), MOX (Australia), Godrej (India), and Zicom (India) among others.įor ease of understanding, the report has been segmented into four key dynamics:īy Connectivity: Wired Door Phone and Wireless Door Phone.īy End-user: Residential and Commercial among others.īy Regions: North America, Asia Pacific,Europe, and the Rest-of-the-World. Key players leading the global door phone market include Samsung (South Korea), Honeywell International Inc. The growing number of installations of video door phones in the increasing number of smart home projects is a key driving force behind the growth of the market. Technological advancement alongside the increasing demand for useful and advance technology-based products are anticipated to boost the size of the door phone market.įurthermore, increasing usages of IoT and the development of smart, cost-effective security systems are contributing to the growth of the door phone market. In the year 2017, the market had evaluated at USD 3.42 BN.Īdditional factors that are predominantly contributing to the growth of the market include government initiatives and policies for home security solutions, smart city projects, and the substantial investments made into developing innovative solutions. Moreover, spreading awareness towards the physical safety+ and security has been escalating the market on the global platform.Īcknowledging the galore accruals, the market is garnering rapidly, Market Research Future (MRFR) in its recently published study report asserts that the global Door Phone Marketwould reach USD 5.28 BN by 2023, registering a CAGR over 7% throughout the forecast period (2018-2013). The rising number of smart homes has led to an increase in security and surveillance system installations. The global door phone market has been growing at a rapid pace mainly due to the increasing adoption of home automation. Door Phone Market, by Type (Audio, Video), by Connectivity (Wired Door Phone, Wireless Door Phone), by End-User (Residential, Commercial, Others) — Global Forecast till 2023 Market Highlights ![]()
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