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 Share. The growth sectors of the Door Intercom Market Share 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.
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.
In December 2017, Dahua Technology Co., Ltd launched its first battery-powered, Wi-Fi video doorbell – DB10, which supports up to a five-month service period in a single charge and can be fully charged in 3.5 hours, enabling the user to spend as little time and attention on maintenance as possible.
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.
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