The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Door Intercom Market. The growth sectors of the Door Intercom Market are identified with precision for a better growth perspective.
The global door intercom market is expected to reach USD 3,663.6 million by 2025 at a CAGR of 9.63% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years.
Door intercom systems are available in a range of ordinal and Wi-Fi systems that allow users to see, hear, and talk with the visitor at the door conveniently prior to allowing access to the premises. These systems comprise audio and video setups, both of which have their benefits; they are available at different rates depending on the technology used. This door intercoms are ideal for the elderly or individuals living alone to minimize the security risk. Factors such as the use of IP technology and open standards in door intercom systems and rising customer awareness about safety and home security are contributing to the growth of the door intercom market. However, high cost of door intercom systems expected to hamper the market growth during the forecast period.
Competitive Analysis
The key players of the 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).
In February 2019, Schneider Electric announced APC NetBotz, a monitoring and management system. The major features of this product include integrated surveillance, sensing, and badge access control, new high definition, low-light cameras, video clip capture, and native support for wireless sensors.
Segmental Analysis
The global door intercom market has been segmented based on product, application, and region.
Based on product, the market has been classified as ordinal intercom system and Wi-Fi intercom system. The ordinal intercom system segment accounted for the largest market share in 2018; the Wi-Fi intercom system segment is expected to register the highest CAGR during the forecast period. The components required to build a wired intercom system are microphone cables, footswitches, mic stands, and magnetic loop detectors. These systems are much more resistant to wear and tear and external interferences. These systems help in protecting the property against burglar attacks. Ordinal systems are preferred in most commercial, industrial, or multi-residential installations as they are far less vulnerable to hackers than the wireless and Internet of Things (IoT) devices. Wi-Fi intercoms are highly convenient as they can be installed without any wires. Besides, Wi-Fi intercom systems are convenient systems especially for large residential spaces, where the user moves from room to room. However, Wi-Fi systems are less reliable because of their limited range capacity and potential vulnerability for interference.
Based on application, the market has been segmented into apartments, houses, hotels, offices, and others. The apartment segment accounted for the largest market share in 2018; it is expected to register the highest CAGR during the forecast period. Door intercom systems are installed and used for access control of gates or doors of an apartment. These door intercom systems allow visitors to communicate with the owner via wired or wireless intercom systems. The range of door intercom systems available for apartments includes video intercoms, wireless intercoms, and GSM mobile network intercoms. Door intercom systems have always been a wise investment and have proven effective for home security. Installing a door intercom system requires only moderate carpentry and some simple wiring tasks. Moreover, some modern door intercom systems use battery-powered wireless modules to extend the system without running wires in the walls. Security, safe lodging, and brand image of a hotel are key to ensuring a successful hospitality experience, whether it be a single hotel or a hotel chain.
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These systems usually include a camera connected outside the door.
The components necessary to build a wired intercom system are footswitches, mic stands, microphone cables, and magnetic loop detectors.Ordinal intercom systems are the most common kind of door intercom systems and are generally built by professionals during the construction phase.
Wi-Fi intercom systems use diverse types of radio frequencies to send intercom signals within the property.
Door intercom systems enable individuals to improve the security of homes as well as helps in avoiding unwanted or unwelcome visitors.
Door intercoms have extensive applications in hotels, offices, hospitals, houses, apartments, schools, and airports, among others.Regional AnalysisThe 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.
Door Intercom Market Trends A new market study, titled “Door Intercom Market Trends ” has been featured on Market Research Future.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.
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.
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.More Information@ https://www.marketresearchfuture.com/reports/door-intercom-market-8646The geographic analysis of the door intercom market has been conducted for North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America.
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.North America was the second-largest market in 2018.
As per the National Association of Realtors (NAR), the sale of existing residential places including single-family homes, townhomes, condominiums, and coops has reduced by 10.3%.
