Overview and Scope
Video door phones are intercom systems that are used at building entrances to make calls and control access using video communication between inside and outside the building. Video door phones are connected to home automation systems, which boost security and communication convenience.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the video door phones market in 2023. The regions covered in the video door phones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the video door phones market report are Panasonic Holdings Corporation, Honeywell International Inc., Legrand SA, Aiphone Corporation, Fermax Global SL, VTech Holdings Limited., SkyBell Technologies Inc., Zmodo Technology Corporation., 1byone Inc., Vivint Inc., Amocam Technology Co. Ltd., Guangdong Anjubao Digital Technology Co. Ltd., Secure EYE Services Private Limited, WRT Intelligent Technology Co. Ltd., Ring LLC, ABB Ltd., Telecommunication Systems Inc., Jacques Technologies, Nortek Security & Control, Commax Co. Ltd., Fujian Aurine Technology Co. Ltd., Superior Value Added Technologies Inc., Entryvue Technologies Inc., MOX Networks LLC, Dahua GmbH, KOCOM Co. Ltd., Axis Communications AB, Honeywe Automation India Limited, Samsung India Electronics Pvt. Ltd.
The video door phones market report table of contents includes:
1. Executive Summary
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