The global door phone products market was valued at USD 11.8 billion in 2021 and is projected to expand at a CAGR of 8.3% from 2022 to 2030. The increasing demand for home security systems and the growing awareness about the need for safety are the major drivers of growth for the market. The rise in the number of households and the increasing adoption of door phone systems in commercial and residential complexes are supporting the growth of the market.

Various advanced features, such as intercom systems that incorporate a video feed and remote access, are driving the demand for door phone systems. Furthermore, technological advancements, such as the integration of Wi-Fi, facial recognition, and voice recognition, are expected to further accelerate the demand in the coming years. For instance, in April 2021, Hikvision launched a door phone camera with facial recognition and voice recognition technology. The device is equipped with the latest artificial intelligence (AI) algorithm and is capable of accurately recognizing faces from a range of 8 meters.

The increasing demand for door phone systems in corporate offices and educational institutions to secure their premises is expected to further support the growth of the market. Key players are taking various measures to increase their market share. For example, in June 2021, Panasonic launched the KX-NS700 IP-PBX system, which supports up to 384 extensions and is designed to meet the needs of growing businesses. The system is designed to deliver high-quality voice and video communication, as well as advanced features, such as a doorphone, to enhance the user experience.

The rising adoption of smart door phone systems and the increasing trend of DIY products are expected to further support the growth of the market. For instance, in May 2021, Ring launched a new smart doorbell called the Ring Peephole Cam. The device is powered by a rechargeable battery and comes with motion sensors and a wide-angle lens to capture clear images of visitors. Furthermore, the integration of mobile apps with door phone systems is supporting the growth of the market. Mobile apps provide users with remote access to their door phone systems, enabling them to monitor their home or office from anywhere.

The increasing prevalence of smart homes and the rising disposable income of consumers are expected to further drive the growth of the market. Furthermore, the development of new products with advanced features and the increasing popularity of cloud-based services are projected to propel the demand for door phone products in the coming years.

The video door phone segment accounted for the largest market share and is expected to maintain its dominance during the forecast period. Increasing security concerns, technological advancements, and the growing demand for smart homes have been driving the demand for video door phones. According to an article published by The Christian Science Monitor, in January 2020, video doorbells are emerging as an important element of home security, with the ability to record video, provide two-way audio communication, and integrate with a variety of smart home systems.

The access control segment is projected to expand at the fastest CAGR of 10.3% during the forecast period. The surging demand for access control systems in commercial and residential applications, due to growing security concerns, is driving the growth of the market. The use of access control systems helps to monitor the movement of people and vehicles, thereby providing enhanced security. Furthermore, increasing adoption of biometric access control systems in various organizations is driving the demand for door phone products.

The online segment captured the major share of over 44.2% in 2021. The growth of the segment is mainly driven by the rising popularity of online retailing of door phone products. According to a study by GlobalData in 2020, the market share of online retailing of door phone products has increased significantly in the past few years due to the convenience of shopping from home, as well as access to a wide range of products. Moreover, with the availability of door phone products on e-commerce platforms, customers can compare product prices, specifications, and features, before making a purchase decision.

The brick-and-mortar segment is anticipated to expand at a CAGR of 8.3% over the forecast period. Brick-and-mortar stores offer customers a physical experience while shopping. Moreover, customers can get direct advice from salespersons and can get a better idea of the product before making a purchase decision. Additionally, door phone products are in high demand due to the increasing awareness about safety and security measures among consumers. This has resulted in an increasing number of brick-and-mortar stores selling door phone products.

The wired door phone segment accounted for the largest share of 76.4% in the year 2022, owing to their wide adoption in the residential sector. Wired door phones are easy to install and require minimal maintenance, which makes them a popular choice for residential applications. These door phones are also cheaper than their wireless counterparts and can be used to secure a single entrance or multiple entrances.

The wireless door phone segment is expected to expand at a CAGR of 10.9% over the forecast period. The increasing demand for wireless door phones, especially in the commercial sector, is a key driver of the market. The wireless door phone systems provide an enhanced level of security and are easy to install and use. Furthermore, the integration of these door phone systems with home automation systems is driving the market. For instance, Dahua Technology offers Dahua Smart Doorbell, which can be integrated with Dahua AI-enabled NVRs and Dahua SmartPSS video management software to intercom and unlock the door remotely.

North America is expected to be the largest regional market for door phone products during the forecast period. The region is home to a large number of organizations, including banks, retail stores, and offices, which are increasingly deploying door phone products to ensure the safety and security of their premises. In addition, the presence of prominent players in the region is expected to propel the market growth. For instance, in April 2021, Kocom North America launched the KV-300D video doorphone that enables two-way audio and video communication with the user.

Europe is expected to be the second-largest regional market for door phone products during the forecast period. The region is witnessing increased investments in smart home technologies, including door phone products. For instance, in February 2021, the European Commission (EC) announced a €5 million investment in the European Smart Home Network, which will focus on the development of door phone products. Furthermore, the growing trend of remote working is expected to fuel the demand for door phone products in the region.

In this part of the door phone products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your door phone products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main sources of revenue for a door phone products business come from sales of products, subscription fees for services, and commission from suppliers. Here you will find a list with a description of each of them and other possible sources of profit such as advertising, installation services, and repair services.

Projecting Expenses

In this section, all the regular expenses related to keeping the door phone products business running will be described. The list of operating expenses includes wages, office supplies, research and development, marketing and advertising, utilities, insurance policies, and others.

The key companies operating in the door phone market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Ring Inc. launched the Video Doorbell Pro 2, an advanced door phone with enhanced video and audio capabilities.

– In August 2022, Panasonic Corporation launched the KX-TGP600, a wireless door phone with voice recognition features and a built-in camera.

– In October 2022, Siedle & Soehne launched the Siedle In-Home, a door phone with a wide range of features such as motion detection, two-way communication, and integration with smart home systems.

Some of the prominent players in the door phone market include:

– ABB Ltd.
– Ring Inc.
– Panasonic Corporation
– Siedle & Soehne
– Honeywell International Inc.
– Legrand SA
– Commax Co., Ltd
– Access Control Technology Ltd.
– BPT UK Ltd.
– ASSA

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global door phone products market based on product type, distribution channel, end-use industry, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Wired Systems
– Wireless Systems

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. End-use Industry Outlook (Revenue, USD Million, 2017 – 2030)

– Residential
– Commercial
– Industrial

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the factors driving the Door Phone Products market?
[A]: The increasing demand for luxury and smart homes, along with the need for high-security solutions in residential and commercial buildings, are driving the growth of the global door phone products market. Rising urbanization and increasing disposable income are further encouraging consumers to invest in door phone products, which is contributing to the growth of the overall market.

[Q]: Who are the Key Players in the Door Phone Products Market?
[A]: Key players operating in the global door phone products market are Panasonic Corporation, Honeywell International Inc., Legrand SA, Godrej & Boyce Manufacturing Company Ltd., ASSA Abloy AB, Fermax Electronics Group, Siedle & Soehne KG, Commax Co. Ltd., Dahua Technology, and Zicom Electronic Security Systems Ltd.

[Q]: What are the Different Types of Door Phone Products?
[A]: Door phone products can be categorized into wired and wireless solutions. Wired door phone products include video door phones, audio door phones, and video intercoms. Wireless door phone products include video doorbells, smart doorbells, and others.

[Q]: What is the Potential for Product Innovation?
[A]: The door phone products market is witnessing a high level of product innovation, with companies introducing advanced features such as facial recognition, motion detection, and integration with smart home automation systems. This has further enabled organizations to create more efficient and secure door phone products.

[Q]: Which Region Offers the Largest Opportunity for Sales of Door Phone Products?
[A]: Europe is anticipated to be the largest regional market for door phone products. The region is witnessing a high demand for door phone products due to the presence of a large number of well-established players and the need for advanced security solutions.