IMARC Group's report titled "Door Phone Market by Product (Audio Door Phones, Video Door Phones), Connectivity (Wired, Wireless), Application (Commercial, Residential), and Region 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global door phone market growth. The global market size reached US$ 4.85 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.36 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.

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Factors Affecting the Growth of the Door Phone Industry:

• Increasing Concerns for Security and Safety:

The rising concerns about security and safety are impelling the growth of the market. Individuals and businesses alike are increasingly prioritizing the protection of their premises and loved ones. This heightened awareness of security threats, including burglary and unauthorized access, is driving the demand for door phone systems. Door phones provide a crucial layer of security by allowing residents or staff to visually and verbally verify the identity of visitors before granting access. This screening process not only enhances security but also offers peace of mind.

• Real Estate Development:

The rapid pace of urbanization and the expansion of real estate development projects are contributing to the market growth. In urban areas, gated communities, apartment complexes, and commercial properties are becoming increasingly prevalent. These developments prioritize security features to ensure the safety and well-being of their residents or occupants. Door phone systems are emerging as an integral part of access control and visitor management within these urban settings. Developers and homeowner associations recognize the importance of providing secure and convenient entry solutions.

• Technological Advancements:

The integration of cutting-edge features is transforming door phone devices into sophisticated and user-friendly solutions. Modern door phones often come equipped with high-resolution cameras, enabling users to see and identify visitors in real-time. This visual confirmation adds an extra layer of security and convenience. Additionally, many door phones now offer compatibility with mobile apps, allowing users to receive alerts and control access remotely, whether they are at home or away. Cloud-based storage solutions are also revolutionizing door phone systems. Users can now access historical visitor logs and recordings from anywhere, enhancing the overall user experience and security management.

Leading Companies Operating in the Global Door Phone Industry:

• 1byone Inc.
• Aiphone Corporation (Aiphone Co. Ltd.)
• CP PLUS International (Aditya Infotech Ltd.)
• Fermax, Godrej & Boyce Mfg. Co. Ltd.
• Hangzhou Hikvision Digital Technology Co.Ltd
• Honeywell International Inc., KOCOM Co. Ltd.
• Legrand, Panasonic Corporation
• URMET S.p.A.
• Zicom Electronic Security Systems Ltd

Door Phone Market Report Segmentation:

By Product:

• Audio Door Phones
• Video Door Phones

Audio door phones represent the largest segment due to their user-friendliness.

By Connectivity:

• Wired
• Wireless

Wired accounts for the majority of the market share as they allow occupants to screen visitors without direct physical contact.

By Application:

• Commercial
• Residential

Residential exhibits a clear dominance in the market owing to the increasing installation of door phones in homes for maintaining safety.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America's dominance in the door phone market is attributed to the rising occurrence of burglary and thefts and increasing awareness about the importance of installation of door.

Global Door Phone Market Trends:

Stringent regulations surrounding security and privacy in different geographical areas are prompting businesses and property owners to prioritize investments in access control and surveillance technologies. Door phones emerge as a solution to meet these compliance standards, providing secure visitor verification and meticulous record-keeping capabilities. Notably, there's a growing preference for energy-efficient and environmentally friendly door phone systems, particularly in regions governed by strict environmental policies. Manufacturers are responding by innovating products with reduced power consumption and sustainable materials, catering to this evolving market demand. Property owners are increasingly realizing the value that door phone systems add to their properties, prompting a greater inclination towards long-term investments in these systems, particularly within the residential real estate sector.

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