The Video Door Phones Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Video Door Phones Global Market Report 2024, The video door phones market size has grown strongly in recent years. It will grow from $5.4 billion in 2023 to $5.87 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to evolving design and aesthetics, introduction of basic intercom systems, analog video door phones, early adoption in high-security installations, limited product offerings.
The video door phones market size is expected to see strong growth in the next few years. It will grow to $8.1 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to regulatory requirements & standards, expansion of commercial applications, customization & personalization, focus on energy efficiency, affordable pricing & accessibility. Major trends in the forecast period include voice assistant integration, multi-unit installations, ai-powered analytics, cloud-based solutions, remote access & mobile control.
The rising number of smart homes is expected to propel the growth of the video door phone market. A smart house is a building that uses internet-connected gadgets to enable remote monitoring and control of systems and appliances, including lighting, heating, locks, cameras, and televisions connected to the internet. Smart homes are generally remotely controlled through a smart home system that connects with appliances to automate specific tasks. As the smart home market grows, the adoption of video doorbells is significantly rising. Video door phones are one of the smart home security devices that homeowners and renters want for security reasons. For instance, in August 2022, according to Plume IQ, a US-based smart home technology company, there were around 41 million smart homes, and more than 1.8 billion connected devices managed on its global network. Further, in June 2021, according to GOV.UK, a UK-based public platform developed by the Government Digital Service to offer a single point of entry to HM Government services, the percentage of households with internet-connected smart televisions was 51%. Therefore, the rising number of smart homes is driving the growth of the video door phone market.
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The video door phones market covered in this report is segmented –
1) By Type: Wired, Wireless
2) By Access Control: Fingerprint Readers, Proximity Card, Keypad For Secret Numbers, Bluetooth Triggered By Mobile Phone
3) By Component: Cameras, Sensors, LED (Light-Emitting Diodes) Or LCD (Liquid Crystal Display), Microphones Or Speech Unit
4) By End-User: Education, Government, Residential, Commercial, Healthcare
Technological advancements are a key trend gaining popularity in the video door phone market. Companies operating in the video door phones market are adopting new technologies to sustain their position in the market. For instance, in January 2023, Aiphone Corporation, a US-based manufacturer of intercom and security communication products, introduced Remote Programming Service for its IX Series systems, QuikSpec’s online design tool gives installers the ability to swiftly create, amend, and save programming files. The IX Series is an IP video intercom system that is an ideal solution for healthcare, education, and other locations where there is a need for a scalable video intercom system.
The video door phones market report table of contents includes:
1. Executive Summary
2. Video Door Phones Market Characteristics
3. Video Door Phones Market Trends And Strategies
4. Video Door Phones Market – Macro Economic Scenario
5. Global Video Door Phones Market Size and Growth
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31. Global Video Door Phones Market Competitive Benchmarking
32. Global Video Door Phones Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Video Door Phones Market
34. Video Door Phones Market Future Outlook and Potential Analysis
35. Appendix
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