Market Overview
The Door Intercom Market is expected to grow at a CAGR of 5.30% and is expected to reach a market share of USD 3,663.6 million during the forecast period. The market was valued at USD 2,1554.4 million during the historic forecast period. A door intercom system is a standalone voice communications system that is mostly utilized within a small group of privately operated buildings. The door phone is another name for this arrangement. A camera, which is usually mounted outside the door, is the essential component utilized to install this system. It is implemented in commercial buildings, societies, and offices' access and departure points. Using a camera and speakers, this technology allows users and visitors to communicate. The Door Intercom Market is driven by numerous factors. The global market demand is driven by increasing end-user awareness of home security and protection from numerous theft threats. Furthermore, the market is driven by the growing usage of IP technology combined with more lenient installation rules for door intercom systems. During the anticipated period, increasing building automation along with expanding urbanization in various emerging countries would increase global Door Intercom Market demand.
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Market Segmentation
Based on the Product, the Door Intercom Market has been segmented into a Wi-Fi intercom system and an Ordinal intercom system.
Based on the Application, the Door Intercom Market has been segmented into airports, schools, hospitals, offices, hotels, houses, apartments, and many others.
Based on the Region, the Door Intercom Market has been segmented into the North American region, the Asia-Pacific region, the European region, the Latin American region, and the Middle East and African region.
Regional Classification
The door intercom market has been segmented into North American, Asia-Pacific, European, Latin American, Middle East, and African regions depending on the region. The Asia-Pacific region holds the biggest market share in the door intercom market and dominates the worldwide market as the fastest-growing region. The North American region holds the second-largest market share in the door intercom industry, owing to the presence of several significant key companies that provide greater growth potential in this region. Furthermore, the changing tendency toward wireless intercoms gives the further potential for growth in this market. The European region holds the third-largest market share in the door intercom industry, owing to the availability of a well-established wireless infrastructure system that allows consumers to switch to an audio-visual communication system. Another major aspect driving market demand in this region is an increase in personal disposable income.
Because of their inadequate infrastructure, Latin America and the Middle East and Africa have the smallest market share in the worldwide market. Another issue limiting market expansion in these areas is a low per capita disposable income.
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Industry News
The major key players in the market are Aiphone Corporation, Guangdong Anjubao Digital Technology Co., Ltd., Panasonic Corporation, Fujian Aurine Technology Co., Ltd., COMMAX, Samsung Electronics Co., Ltd., Legrand SA, Shenzhen Soben, Honeywell International, Inc., Kocom Co., Ltd., Schneider Electric SE, Dahua Technology Co., Ltd., ABB Group, Fermax, and TCS AG.
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