Global Audio Door Phones Market, By Connectivity (Wired, Wireless), End-User (Residential, Commercial, Others), Distribution Channel (Online, Offline) – Industry Trends and Forecast to 2030.
Audio Door Phones Market Analysis and Size
Growing inclination towards automating households coupled with increasing the number of smart homes will likely increase demand for surveillance and security installations such as audio door phones. Furthermore, growing urbanization has led to the shift of population in multi-occupancy buildings, which needs secured entrance systems that include audio door phone. Also, increasing awareness among individuals regarding the benefits of using audio door phones is projected to positively affect the audio door phones market in the coming years.
Data Bridge Market Research analyses that the audio door phones market is expected to reach USD 4,407.91 million by 2030, which was USD 2,850.50 million in 2022, registering a CAGR of 5.60% from 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Audio Door Phones Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Connectivity (Wired, Wireless), End-User (Residential, Commercial, Others), Distribution Channel (Online, Offline)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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FERMAX ELECTRÓNICA, S.A.U. (Spain), Jacques Technologies Pty Ltd (Australia), Axis Communications AB (Sweden), Legrand (Japan), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Schneider Electric (France), Godrej & Boyce (India), Panasonic Corporation (Japan), SAMSUNG (South Korea), Honeywell International Inc., (U.S.),
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Market Opportunities
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Market Definition
An audio door phone is a collection of electronic and electrical elements fixed on the wall with a handset or buttons. It is extensively used to communicate with guests outside an apartment, house, or villa. It also allows the locking and unlocking of the main gate and offers higher security. Audio door phone allows users to talk with the visitor at the door. It can be interlinked between numerous residences to operate as a safety device and maintain various devices.
Global Audio Door Phones Market Dynamics
Drivers
- Growing demand for audio door phones in commercial space
Audio door phones are widely used in commercial spaces such as ticket counters, offices, and banks. Generally, in commercial spaces or places, glass doors and windows are there, enabling the user to see the person physically; hence, normal audio instruments such as audio door phones suffice the need. Therefore, increasing demand for audio door phones in commercial space will likely propel the market's growth during the forecast period.
- Increasing popularity of home automation
The increasing popularity of home automation has resulted in a rise in the number of security and surveillance systems installed. As a result, people are progressively moving into massive multi-occupancy buildings as cities grow. These structures demand security features such as audio door phones, among other things. As a result, this is one of the majors that will increase the market demand and drive the market growth rate.
Opportunities
- Increasing focus of manufacturing companies on developments of audio door phone products
Manufacturing companies in the audio door phones market are focusing on improvements likely to benefit the market and create ample opportunities for the industry's growth. They are introducing advanced wireless audio door phones, which are now linked to smartphones and allow people to manage the opening and closing of doors within a standard distance. Hence, increasing the focus of manufacturing companies on developing audio door phone products will boost the market growth.
- Rising installation of audio door phones in the residential sector
Audio door phones for homes are in high demand because family and personal safety are a major concerns for a customer. Also, an increasing number of residential constructions is expected to boost the sales of the audio door phone product over the forecast period. This product is very helpful in providing safety and security if there are children and senior citizens at home. Furthermore, recording features and easy installation techniques of the product in case of theft at home are enhancing sales in the industry. As a result of all these factors, the installation of audio door phones in the residential sector will also create ample opportunities for market growth.
Restraints/ Challenges
- High cost associated with audio door phones
The high cost of audio door phones is expected to hamper the growth of the market. The major reasons for the high costs of audio door phones are the design of the speakers, the durability and weight, the quality of materials, and even the branding. This factor may act as a major restraining factor for market growth.
This audio door phones market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the audio door phones market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2021, Carel Industries acquired 51 percent of CFM Sogutma ve Otomasyon A.S for an undisclosed amount. With this acquisition, Carel Industries aims to increase its Turkish market presence. CFM Sogutma ve Otomasyon A.S is a Turkey-based company offering refrigeration, industrial cooling, air conditioning, and humidification, and building management systems.
Global Audio Door Phones Market Scope
The audio door phones market is segmented on the basis of connectivity, end-user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Connectivity
- Wired
- Wireless
End-User
- Residential
- Commercial
- Others
Distribution Channel
- Online
- Offline
Audio Door Phones Market Regional Analysis/Insights
The audio door phones market is analyzed and market size insights and trends are provided by country, connectivity, end-user and distribution channel as referenced above.
The countries covered in the audio door phones market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the audio door phones market because of the growing adoption of security devices in several commercial applications in this region. Furthermore, increasing technological advancement in this region will further boost market growth.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 because of an increasing number of construction activities in this region. Moreover, increasing preferences towards high-tech products will further boost the market demand in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Audio Door Phones Market Share Analysis
The audio door phones market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to audio door phones market.
Some of the major players operating in the audio door phones market are:
- FERMAX ELECTRÓNICA, S.A.U. (Spain)
- Jacques Technologies Pty Ltd (Australia)
- Axis Communications AB (Sweden)
- Legrand (Japan)
- Hangzhou Hikvision Digital Technology Co., Ltd. (China)
- Schneider Electric (France)
- Godrej & Boyce (India)
- Panasonic Corporation (Japan)
- SAMSUNG (South Korea)
- Honeywell International Inc., (U.S.)
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