Wireless Door Phones: Introduction
- Wireless door phone is an electronic device offering two-way communication used for security purposes in houses, apartments, villas, etc. They are also known as video doorbell or doorbell phones.
- This equipment is used for security while opening doors in buildings, apartments, or offices. These door security systems are used nowadays for safety purposes. The wireless door phone market will grow significantly due to increase in home automation activities.
- Wireless door phones are of two types: audio door phone and video door phone. Rise in the number of smart homes and increase in adoption of home automation will drive the global wireless door phone market.
Trend of Smart Homes and Home Automation to Drive Market
- The growing trend of smart homes and home automation is likely to boost the market for wireless door phones. Door phones provide audio and video communication, and are essential safety devices installed in large multi-occupancy buildings and commercial complexes. Rapid urbanization is leading people to move into large residential buildings where security and surveillance system is a major factor. In order to provide better safety, several commercial and residential buildings are using wireless door phones. Thus, technological advancements and adoption of smart homes will drive the global wireless door phone market.
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Advancements in Security and Surveillance Systems to Augment Market
- Technological advancements in security systems have led to the development of wireless door phones. This factor is expected to boost the growth of the global wireless door phone market. Moreover, companies are focusing on innovations in door phones, which is expected to positively affect the market. Nowadays, smart phones can be connected to wireless door phones, and can control the opening and closing operation of these doors from a distance. Additionally, smart city initiatives and increase in the number of multistoried apartments will drive the use of wireless door phones.
North America to Hold Leading Share of Global Wireless Door Phone Market
- In terms of region, the global wireless door phone market can be divided into: Asia Pacific (APAC), North America (NA), Europe (EU), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis includes Canada, the U.S., and Rest of North America. Analysis and forecast of the wireless door phone market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Similarly, Europe includes markets across the U.K., Germany, France, and Rest of Europe. Middle East & Africa includes the wireless door phone market analysis and insights for South Africa, GCC, and Rest of Middle East & Africa. The South America wireless door phone market can be studied for Brazil and Rest of South America.
- North America dominates the global wireless door phone market due to growing consumer preference for home automation and building of smart homes
- This market in Asia Pacific is anticipated to expand at a rapid CAGR during the forecast period. Advancements in security and surveillance systems is projected to drive product innovation and launches in the region.
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Key Players Operating in Wireless Door Phone Market
The global wireless door phone market was highly fragmented in 2018. Key manufacturers operating in the global market are:
- Honeywell International Inc.
- Panasonic Corporation
- Wipro Enterprises Pvt. Limited
- Zebronics India Pvt Ltd
- Jacques Technologies
- Bosch Security System
- Nortek Security & Control
- Svat Electronics
Global Wireless Door Phone Market: Research Scope
Global Wireless Door Phone Market, by Type
Based on type, the global wireless door phone market can be divided into:
Global Wireless Door Phone Market, by Application
In terms of application, the global wireless door phone market can be segregated into:
Global Wireless Door Phone Market, by Distribution Channel
Based on distribution channel, the global wireless door phone market can be bifurcated into:
Global Wireless Door Phone Market, by Region
Regional analysis of the global wireless door phone market includes:
- North America
- South America
- Asia Pacific
- Middle East & Africa (MEA)
The report on the global wireless door phone market is a compilation of firsthand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.