The Business Research Company’s Video Door Phones Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UK, August 9, 2024 /EINPresswire.com/ — The video door phones market has experienced robust growth in recent years, from $5.4 billion in 2023 to $5.87 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to evolving design and aesthetics, introduction of basic intercom systems, analog video door phones, early adoption in high-security installations, limited product offerings.
Strong Future Growth Anticipated
The video door phones market is projected to grow strongly, reaching $8.1 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to regulatory requirements & standards, expansion of commercial applications, customization & personalization, focus on energy efficiency, affordable pricing & accessibility.
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Growth Driver Of The Video Door Phones Market
The rising number of smart homes is expected to propel the growth of the video door phone market. A smart house is a building that uses internet-connected gadgets to enable remote monitoring and control of systems and appliances, including lighting, heating, locks, cameras, and televisions connected to the internet. Smart homes are generally remotely controlled through a smart home system that connects with appliances to automate specific tasks. As the smart home market grows, the adoption of video doorbells is significantly rising. Video door phones are one of the smart home security devices that homeowners and renters want for security reasons.
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Major Players And Market Trends
Key players in the video door phones market include Panasonic Holdings Corporation, Honeywell International Inc., Legrand SA, Aiphone Corporation, Fermax Global SL.
Technological advancements are a key trend gaining popularity in the video door phone market. Companies operating in the video door phones market are adopting new technologies to sustain their position in the market.
Segments:
1) By Type: Wired, Wireless
2) By Access Control: Fingerprint Readers, Proximity Card, Keypad For Secret Numbers, Bluetooth Triggered By Mobile Phone
3) By Component: Cameras, Sensors, LED (Light-Emitting Diodes) Or LCD (Liquid Crystal Display), Microphones Or Speech Unit
4) By End-User: Education, Government, Residential, Commercial, Healthcare
Geographical Insights: North America Leading The Market
North America was the largest region in the video door phones market in 2023. The regions covered in the video door phones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Video Door Phones Market Definition
Video door phones are intercom systems that are used at building entrances to make calls and control access using video communication between inside and outside the building. Video door phones are connected to home automation systems, which boost security and communication convenience.
Video Door Phones Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Video Door Phones Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on video door phones market size, video door phones market drivers and trends, video door phones market major players, video door phones competitors’ revenues, video door phones market positioning, and video door phones market growth across geographies. The video door phones market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Article originally published on www.einpresswire.com as Video Door Phones Global Market 2024 To Reach $8.1 Billion By 2028 At Rate Of 8.4%
The post Video Door Phones Global Market 2024 To Reach $8.1 Billion By 2028 At Rate Of 8.4% first appeared on Social Gov.
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