Global Door Phone Market 2016-2020

Overview of the door phone market

Extensive research carried out by the analysts at Technavio shows that the global door phone market will witness steady growth and will post a CAGR of close to 3% over the forecast period. The recent advances in technology is one of the primary factors driving this market’s growth. New technologies from the IoT, smart home, home automation, and mobile industries are introducing new services and capabilities from a variety of traditional and non-traditional providers. The gradual adoption of advanced technology like high-megapixel cameras, LED lights, and larger screen sizes, along with supporting trends like integration with home automation, and an increase in the use of network systems will boost the market for video door phone in the future. Moreover, the growth of the home automation market will also affect the door phone market positively as consumers expect products to be integrated into one system, which can be controlled using a single smart device. This will, in turn, bolster the sales of door phones over the coming years.

One of the latest trends gaining traction in the market is the growing construction of residential properties in the US. There has been a surge in residential construction in the US over the last few years and this is anticipated to boost the demand for the installation of door phones for security purposes in the privately-owned houses over the next four years.

Competitive landscape and key vendors

The global door phone market is highly fragmented owing to the presence of over 300 vendors operating and selling door phones across the wrold. The market leaders prioritize product innovation by focusing on R&D facilities and investments. Several new entrants also have a presence in the global door phone market. While the leading vendors have larger resources and diversified distribution networks, smaller companies are entering into partnerships with global distributors. The majority of smaller vendors lack strong retail presence, which limits them mostly to online selling. In contrast, larger global players have a comparative advantage in terms of global presence and brand recognition.

Key vendors in this market are -

• Aiphone
• FERMAX
• Honeywell
• Legrand
• Panasonic

Other prominent vendors are 1byone Products, ABB Genway, Axis Communications, Guangdong Anjubao, Hikvision, FARBELL, Samsung, Schneider, TCS, and Urmet Group.

Product segmentation and analysis of the door phone market

• Audio
• Video

During 2015, the audio phone market dominated the market and is expected to lead the market during the forecast period. Door phone is an essential equipment that can be used to communicate with or identify the visitor. Although the audio door phones support communication, the functionality of the product is very limited compared to video door phones. The market for audio door phone has a positive outlook in developing economies of APAC and the Middle East due to low penetration rate and lesser access to these technologies compared with developed countries.

Geographical segmentation and analysis of the door phone market

• APAC
• Europe
• North America
• ROW

In terms of geography, North America was the highest revenue contributor during 2015 and will continue to lead the market over the coming years. Market consolidation and inorganic growth have been the trend in North America, with the key vendors acquiring prominent local players to expand their market presence. The growth of this market in North America is attributed to the growth of the real estate market in the region. The booming real estate sector and the growing trend toward smart homes and home security products is likely to fuel the growth of the door phone market in North America.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global door phone market?
• What are the key market trends impacting the growth of the global door phone market?
• What are the challenges to market growth?
• Who are the key vendors in the global door phone market?
• What are the market opportunities and threats faced by the vendors in the global door phone market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global door phone market?

Technavio also offers customization on reports based on specific client requirement.

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