Global Door Phone Market to reach USD 5.6 billion by 2027.Global Door Phone Market is valued approximately at USD 3.80 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2021-2027. Door Phone is an electronic component which is installed at the entry door for two-way communication for security purposes. The global Door Phone market is driven by expanding adoption of smart home devices through artificial intelligence and maintaining security. For instance: according to the Statista, smart home penetration rate has increased from 9.25 in 2019 to 10.6 in 2020. The market growth is also to be driven by the rising product launches to extend market base. For instance, in August 2018, Panasonic launched VL - SW 274, the wireless video door phone with intelligent advanced features such as voice change function, night vision with LED lights, picture recording and others. Also, in October 2021, Viking Electronics launched VoIP SIP door phone with touch-free option. However, high costs of installation and maintenance hampers the growth of the market over the forecast period of 2021-2027. Furthermore, rising infrastructural development which demands advanced security components, technological advancements, and rising demand for safety and surveillance products are expected to create opportunity for Door Phone market growth over the forecast period.

The geographical analysis of the global Door Phone market is studied for major regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the dominating region across the world in terms of market share owing to technological advancements and growth in adoption rate of smart home automation systems. Whereas Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2021-2027 due to increasing residential units and growing personal disposable income in the region.

Major market player included in this report are:
Samsung Electronics Co., Ltd.
Honeywell International Inc.
Panasonic Corporation
Schneider Electric
Aiphone Co., Ltd.
Fermax Electr??nica, S.A.U.
1byone, Inc.
Axis Communications Ab
Legrand Sa
Godrej Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Audio Door Phones
Video Door Phones
By Application:
Commercial
Residential
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Door Phone Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors