Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2861.49 million | USD 4397.48 million | 5.53% | 2022 |
The global audio door phones market size was worth around USD 2861.49 million in 2022 and is predicted to grow to around USD 4397.48 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.53% between 2023 and 2030. The report analyzes the global audio door phones market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the audio door phones industry.
Audio door phones have gained significant attention in the last few years in developing countries around the world. It’s an electronic device that carried out two-way communication i.e. street to home in apartments, villas, etc. This device operates through secure communication systems that can control the opening of the door and provides access to person into apartment, offices, or any other kind of buildings. The most common version of audio door phones is an intercom that connects street door and house. Based on the number of doors, the switch numbers on the devices vary. Audio door phones in residential apartments have multiple buttons which are also referred to as door phone plates.
The global audio door phones market is growing at a significant rate. The factors that are contributing to the growth of the market include growing security concerns, rising trends of smart monitoring, lucid access, and growing demand for smart homes. For any house owner or office owner, security of his property is one of the prime factors and this is where the audio door phones play a crucial role in sojourn intruders. Furthermore, most of the time people don’t want to entertain salespersons and strangers, in such situation automated audio door phones offers a solution which saves the energies of answering doorbell all the time. Audio door phones provide the benefit of having live conversations with the person without even opening the main door.
With two-way audio communications, the owner can have the opportunity to know who’s waiting outside. Such features of audio door phones are expected to fuel the market growth over the forecast period. On the other side, lack of awareness for audio door phones and additional costs associated with the devices may hinder the growth of the audio door phones market during the forecast period. However, growing initiatives for smart cities and smart homes around the world are anticipated to provide better growth opportunities for the market over the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Audio Door Phones Market Research Report |
Market Size in 2022 | USD 2861.49 Million |
Market Forecast in 2030 | USD 4397.48 Million |
Growth Rate | CAGR of 5.53% |
Number of Pages | 208 |
Key Companies Covered | Jacques Technologies Pty Ltd, GUANGDONG ANJUBAO DIGITAL TECHNOLOGY CO., LTD., SVAT ELECTRONICS, SAMSUNG, Jacques Technologies Pty Ltd, Honeywell International Inc., Schneider Electric, Panasonic Corporation, Hangzhou Hikvision Digital Technology Co., Ltd, and Nortek Security and Control |
Segments Covered | By Connectivity, By Distribution Channel, By End User and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Key growth drivers
The audio door phones market is driven by several key factors, primarily the rising emphasis on security and safety in both residential and commercial spaces. Growing urbanization and the subsequent shift to multi-story apartments and gated communities have amplified the need for secure access control systems. Additionally, the increasing popularity of home automation and smart homes is a significant driver, as modern audio door phones can be integrated with other smart devices, offering a comprehensive and convenient security ecosystem. The affordability, reliability, and ease of installation of audio-only systems, particularly compared to more complex video alternatives, also contribute to their continued demand.
Restraints
Despite the positive drivers, the market faces several restraints. A major challenge is the intense competition and substitution from more advanced security products, most notably video door phones. As the cost of video technology continues to decline, consumers may opt for the enhanced security and convenience of visual verification. Furthermore, the high initial cost of some high-end audio door phone systems and the associated installation and maintenance expenses can be a barrier for some consumers. Compatibility issues with various home automation systems and pre-existing infrastructure also pose a challenge, as a lack of standardization can hinder seamless integration.
Opportunities
The market presents a number of opportunities for growth. The continued advancement of technology, such as the integration of IoT and AI, can lead to the development of smarter audio door phone systems with features like voice control, enhanced noise cancellation, and remote management through smartphone apps. Emerging economies with rapid urbanization and a growing middle class offer significant untapped markets for these products. Furthermore, the residential sector, particularly in new construction and renovation projects, provides a strong avenue for market expansion. There is also an opportunity to develop more energy-efficient and sustainable audio door phones to appeal to environmentally conscious consumers.
Challenges
The audio door phones market faces a few critical challenges. The most significant is the direct competition from more technologically advanced video door phones, which are becoming more affordable and are perceived to offer a higher level of security. This has led some traditional audio door phone manufacturers to shift their focus to video solutions to maximize profits. The market also experiences intense price competition, especially with the influx of low-cost suppliers from Asia, which can squeeze profit margins for established brands. Lastly, ensuring robust cybersecurity to protect against unauthorized access and data breaches is an ongoing challenge as these devices become more connected and integrated into a smart home network.
The global audio door phones market is bifurcated based on connectivity, distribution channel, end-user, and region.
Based on the Connectivity, the global audio door phones market is segregated into wired door phones and wireless door phones. Among these, the wireless door phones segment is anticipated to register the highest growth over the forecast period.
The Distribution Channel is bifurcated into offline channels and online channels.
Based on the End-User, the global audio door phones market is categorized into residential, commercial, and others.
Some of the key players operating in the global audio door phones market are:
By Connectivity
By Distribution Channel
By End-User
North America is estimated to dominate the global audio door phones market over the forecast period in terms of market share. The dominant share of the market in this region is primarily contributed by the adoption of advanced security systems in the residential sector. Furthermore, the growing demand for smart homes is driving the demand for the audio door phones market in this region. Europe is expected to contribute significant revenue in the global audio door phones market. Asia Pacific is anticipated to be the most lucrative market for audio door phones.
The rapid growth of the market in this region is mainly attributed to the growing construction sector, increasing demand for advanced security options, and growing disposable income.
The global audio door phones market is dominated by players like:
By Connectivity
By Distribution Channel
By End User
Global Audio Door Phones Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
Audio door phones have gained significant attention in the last few years in developing countries around the world. It’s an electronic device that carried out two-way communication i.e. street to home in apartments, villas, etc.
The global audio door phones market is growing at a significant rate. The factors that are contributing to the growth of the market include growing security concerns, rising trends of smart monitoring, lucid access, and growing demand for smart homes.
global audio door phones market size was worth around USD 2861.49 million in 2022 and is predicted to grow to around USD 4397.48 million by 2030.
The global audio door phones market is expected to grow at a CAGR of 5.53% during the forecast period.
North America is estimated to dominate the global audio door phones market over the forecast period in terms of market share. The dominant share of the market in this region is primarily contributed by the adoption of advanced security systems in the residential sector.
Some of the key players operating in the global audio door phones market are Jacques Technologies Pty Ltd, GUANGDONG ANJUBAO DIGITAL TECHNOLOGY CO., LTD., SVAT ELECTRONICS, SAMSUNG, Jacques Technologies Pty Ltd, Honeywell International Inc., Schneider Electric, Panasonic Corporation, Hangzhou Hikvision Digital Technology Co., Ltd, and Nortek Security and Control.
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