Video Door Phones Market Research, 2031
The global Video Door Phones Market Size was valued at $4.6 billion in 2021, and is projected to reach $9.5 billion by 2031, growing at a CAGR of 7.8% from 2022 to 2031.
A video door phone is an intercom system used to manage cell phone calls at the entry to a home with access regulated by audio-visual communication between the inside and outside.Surge in adoption of video door phones in non-residential and government applications for communication and security purposes, and the associated benefits and integration of advance technologies in video door phones are expected to fuel the video door phones market growth. Moreover, the growing use of video door phones in the residential sector is expected to boost the market growth during the forecast period.
In the coming years, the video door phones industry is expected to generate cash output with investments in development, research, and tests. However, the video door phones market is nearing its maturing stage and is expected to generate modest revenue for key players in the coming years. However, high equipment costs act as major barriers and hamper the market growth.
The key video door phones industry leaders profiled in the report include Panasonic Corporation, Honeywell International Inc., Legrand, ABB Ltd., Aiphone, SkyBell Technologies, Inc., VTech, FERMAX Global, 1byone, Inc, and Zmodo. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration and business expansion to increase the video door phones market share during the forecast period.
The ongoing spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concerns and economic hardship for consumers, businesses, and communities across the globe. The new normal that includes social distance and working from home has created challenges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities.
The COVID-19 pandemic is impacting society and the overall economy across the globe. It is creating uncertainty in the massive slowing of the supply chain and increasing panic among customers. European countries under lockdowns have suffered a major loss of business and revenue due to the shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which led to a slowdown in the growth.
The video door phones market overview is segmented into Type and End User.
By type, the market is classified into wired and wireless video door phones.Factors such as surge in adoption of video door phones in non-residential and government applications for communication and security purposes, and the associated benefits and integration of advance technologies in video door phones are expected to drive the growth of the market in the future.
By end user, it is divided into non-residential, and residential. Furthermore, rise in use of intercom in the residential sector is expected to offer lucrative opportunities for the video door phones market.
Region-wise, the video door phones market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and the rest of Europe), Asia-Pacific China, Japan, India, South Korea, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific, specifically the China region, remains a significant participant in the global video door phones industry. Major organizations and government institutions in the country are intensely putting resources into this industry.
Country-wise, the U.S. acquired a prime share in the video door phones market in the North American region and is expected to grow at a significant CAGR during the forecast period of 2019-2031. The U.S., holds a dominant position in the video door phones market, owing to the rise in investment by prime vendors to boost the video door phones for consumer electronics and IT & telecom applications.
In Europe, the UK, dominated the video door phones market, in terms of revenue, in 2021 and is expected to follow the same trend during the forecast period. However, Germany is expected to emerge as the fastest-growing country in Europe's video door phones with a notable CAGR, due to advancement in the automotive industry which drives the usage of microelectronics in the country and thus creates lucrative growth opportunities for the video door phones market in Germany.
In Asia-Pacific, China is expected to emerge as a significant market for the video door phones industry, owing to new product developments and a significant rise in investment by prime players and government institutions. The well-established electronics industry in the Asia-Pacific region and the adoption of innovative technologies have given organizations in the region a competitive edge in the market.
In the LAMEA region, the Middle East countries garner significant market share in 2021 due to the adoption of new technologies, digital transformation and connectivity are reshaping the future of the automotive and consumer electronics industry in the Middle East. Moreover, the Latin America region is expected to grow at a significant CAGR from 2022 to 2031, owing to shifts in artificial intelligence, industry 4.0, and smart technological changes in recent years, which is expected to reshape the growth of the video door phones in the Latin America region.
TOP IMPACTING FACTORS
The major factors driving the video door phones market growth are the rise in need for security and surveillance and associated benefits and integration of advanced technologies in wifi video door phone. However, high cost associated with video door phones is projected to hamper market growth. Furthermore, surge in adoption of video door phones in the non-residential sector provides lucrative opportunities for market growth.
COMPETITIVE ANALYSIS
Competitive analysis and profiles of the major global video door phones market players that have been provided in the report include Panasonic Corporation, Honeywell International Inc., Legrand, ABB Ltd., Aiphone, SkyBell Technologies, Inc., VTech, FERMAX Global, 1byone, Inc, and Zmodo. The global video door phones market is highly competitive, owing to the strong presence of existing vendors. Vendors of the video door phones market with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this market is expected to increase as technological innovations, product extensions, and different strategies adopted by key vendors increase.
KEY DEVELOPMENTS/ STRATEGIES
Panasonic Corporation, Honeywell International Inc., Legrand, ABB Ltd., Aiphone, SkyBell Technologies, Inc., VTech, FERMAX Global, 1byone, Inc, and Zmodo are the key players of the video door phones market. Top market players have adopted various strategies, such as acquisition, agreement, business development, business expansion, collaboration, product launch, innovation, and product expansion to expand their foothold in the video door phones market.
In July 2021, Panasonic launched VL-V590 and VL-V900 devices. The products are designed to enhance the surveillance and security needs of consumers and come with imperative features like location monitoring, electric lock release, multiple household connectivity, and wireless connectivity.
In June 2021, ABB expanded its door communication solutions with the launch of Video Indoor Station 7’’. The Video Indoor Station 7” is the latest addition to the successful ABB-Welcome range of video panels for door communication. The device combines a large 7-inch display with a slim 19mm design that offers the most essential video door functionalities, including camera integration and a snapshot function.
In March 2022, Aiphone, introduced the IX Series mullion-mount IP video door station. The IX-DVM is a compact, feature-rich intercom with the flexibility to be installed on any narrow door frame mullion.
KEY BENEFITS FOR STAKEHOLDERS
This study comprises analytical depiction of the video door phones market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall video door phones market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The video door phones market forecast is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the video door phones market.
The report includes the share of key vendors and market trends.
Video Door Phones Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 9.5 billion |
 Growth Rate | CAGR of 7.8% |
 Forecast period | 2021 - 2031 |
 Report Pages | 283 |
 By Type |
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 By End User |
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 By Region |
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 Key Market Players | Aiphone, legrand, Honeywell International Inc., Zmodo, SkyBell Technologies, Inc., FERMAX Global, 1byone, Inc, Panasonic Corporation, ABB Ltd., VTech |
Analyst Review
The video door phones market is expected to leverage high potential for the wired and wireless video door phones during the forecast period owing to the strong presence of existing vendors. Video door phones vendors, investing substantially in R&D and skilled workforce, are anticipated to gain a competitive edge over their rivals. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors.?
The surge in demand for video door phones in non-residential areas around the world for security is driving the need for enhanced measurement and test equipment. Moreover, major economies, such as the U.S., China, the UK, and Japan plan to develop and deploy advanced video door phones various sectors.??
Key video door phones market leaders profiled in the report include Panasonic Corporation, Honeywell International Inc., Legrand, ABB Ltd., Aiphone, SkyBell Technologies, Inc., VTech, FERMAX Global, 1byone, Inc, and Zmodo.?
The video door phones market was valued at $4,618.80 million in 2021.
The key trends of video door phones market include the rise in demand for home automation and smart appliances. The proliferation of smart technologies has created sufficient space for device control through smartphones and tablets.
Non-Residential sector is the leading end-user segment in video door phones market.
Asia-Pacific is the largest regional market for video door phones market.
Panasonic Corporation, Honeywell International Inc., Legrand, ABB Ltd., Aiphone, and SkyBell Technologies, Inc. are the top companies to hold the market share in Video Door Phones.
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