Market Highlights
The global door intercom market growth is depending on several factors for its growth. For instance, the rising demand for better security in various residential apartments, hospitals, schools, and others are creating a massive scope for the market to expand its business. In addition, latest technologies are pushing the boundaries wider. Competition in the market is also boosting innovation and influences the price of the end product. Market Research Future (MRFR) predicted in its report that the market has a chance to score 7.92% CAGR during the forecast period encompassing 2019 to 2025 where the valuation could reach USD 3,663.6 million mark by 2025.
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Segmentation:
The global market for door intercom has been segmented by MRFR analysts on the basis of product and application. These segments reveal data that can be used to facilitate the market progress.
By product, the door intercom market includes ordinal intercom system and Wi-Fi intercom system. The former had the largest market share in 2018 where the valuation touched USD 1,111.50 Million. The latter has the chance of outpacing the ordinal intercom system segment.
By application, the global study of the door intercom market includes a thorough analysis of houses, hotels, apartments, schools, hospitals, offices, airports, and others. Door intercoms are now mostly used for security purposes and convenience of the user, which is bound to create opportunities for the market.
Regional Analysis:
Asia Pacific has the largest market for the door intercom industry and it is showing a possibility of outpacing others by attaining 9.63% CAGR during the forecast period. It had a valuation of USD 938.9 million in 2018.
Competitive Landscape:
The global market report studying various aspects of the door intercom market reveals a proper understanding of companies that are acting as influential in taking the market ahead. These companies are Guangdong Anjubao Digital Technology Co., Ltd (China), Panasonic Corporation (Japan), Aiphone Corporation (Japan), COMMAX (South Korea), Fujian Aurine Technology Co., Ltd (China), Legrand SA (France), Samsung Electronics Co., Ltd (South Korea), Honeywell International, Inc. (US), Shenzhen Soben (China), Schneider Electric SE (France), Dahua Technology Co., Ltd (China), Kocom Co., Ltd (South Korea), Fermax (Spain), ABB Group (Switzerland), TCS AG (Germany), and others.
Industry News:
In August 2020, the launching of the new contactless DoorBird IP video door station provides a glimpse of how the company is planning to fight against the COVID-19 menace. The model D2101WV comes with a special sensor technology to provide contactless ringing that has been developed by Bird Home Automation, a Berlin-based manufacturer. This idea of removing the chance of contact ensures better health and hygiene. This will reduce the chance of visitors, customers, and patients coming in contact with viruses and bacteria. Buildings were people frequently visit like hospitals, medical offices, kindergartens, and other office buildings can easily profit from this.
In September 2020, Amocam launched a new intercom, which is a wired system and comes with a 1-outdoor color camera and 1-color LCD 7 inch screen. The display has an ultra-flat design, dimmable display, great sound quality, and 16 selectable doorbell tones to make it more personalized, integrated video doorphone, and access control that make the system easier to operate on a daily basis.
The outdoor camera comes with a 92-degree viewing angle, durable aluminum and Acrylic front panel that will guard the system against potential vandalism. It also has waterproofing and IR LED projection that increase its durability and help in providing clear images round-the-clock.
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by Product (Ordinal Intercom System and Wi-Fi Intercom System), By Application (Apartments, Houses, Hotel, Office and Others) by Region (North America, Europe, Asia-Pacific, Middle East & Africa and Central & South America) - Forecast till 2027
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