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Door Intercom Market Growth To Increase Valuation With Surging Investments By 2025

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Market News-Flash
Door Intercom Market Growth To Increase Valuation With Surging Investments By 2025

Door Intercom Market Growth

The Global Door Intercom Market is expected to register a 7.92% CAGR, exhibiting substantial growth during the forecast period. The market was valued at USD 2,155.4 Million in 2018; it is expected to reach USD 3,663.6 Million by 2025. Asia-Pacific accounted for the largest market value of USD 938.9 Million in 2018; the market is expected to register a CAGR of 9.63% during the forecast period.

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Regional Analysis

The global door intercom market spans across North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America.

Increasing crime rate around the world also plays a major role in the growth of the door intercom market. Due to the increasing number of thefts, robbery, and other criminal activities, the need for security has increased which has fueled the adoption of door intercom systems. Today, installing a door intercom system has become easy and affordable with the increasing number of companies investing in the market, introducing innovative products to cater to consumer needs and demands. However, the high cost of door intercom systems is limiting the growth of the global door intercom market. Moreover, smart city initiatives are expected to act as an opportunity and lack of awareness about door intercom systems is expected to act as a challenge for players in the global door intercom market during the forecast period.

The geographic analysis of the door intercom market has been conducted for North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America. The market for door intercoms in Asia-Pacific is expected to witness the highest growth over the forecast period. Advancements in the Internet of Things (IoT) and artificial intelligence (AI) have encouraged manufacturers to develop smart door intercoms that are suitable for applications in corporate enterprise, universities, schools, airports, industrial factories, and healthcare facilities. Japan accounted for the largest market share in 2018; however, the market in China is expected to register the highest CAGR during the forecast period.

Global Door Intercom Market: Segmentation

The global door intercom market has been segmented based on the product, application, and region. Based on product, the market has been classified as ordinal intercom system and Wi-Fi intercom system. Based on application, the market has been classified as apartments, houses, hotels, offices, and others.

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Key Players

The key players of global door intercom market are Aiphone Corporation (Japan), Guangdong Anjubao Digital Technology Co., Ltd. (China), Panasonic Corporation (Japan), Fujian Aurine Technology Co., Ltd. (China), COMMAX (South Korea), Samsung Electronics Co., Ltd (South Korea), Legrand SA (France), Shenzhen Soben (China), Honeywell International, Inc. (US), Kocom Co., Ltd. (South Korea), Schneider Electric SE (France), Dahua Technology Co., Ltd (China), ABB Group (Switzerland), Fermax (Spain), TCS AG (Germany).

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