Global Video Door Entry Systems Market Size By Type (Monitors, Telephones), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2023 to 2032

The Global Video Door Entry Systems Market was valued at USD 4.5 billion in 2023 and is projected to reach USD 8.1 billion by 2031, growing at a CAGR of 7.5% during the forecast period from 2023 to 2031. The growth of this market is driven by increasing concerns over home and commercial security, rising adoption of smart home technologies, and advancements in video surveillance technologies. Video door entry systems provide enhanced security by allowing users to visually verify visitors, making them an integral part of modern security systems.

Drivers

Rising Demand for Home Security Solutions: The increasing threat of burglary and unauthorized access is driving the adoption of video door entry systems in residential settings.

Advancements in Video Technology: Innovations such as high-definition video, AI-based recognition, and mobile app integration are boosting the adoption of these systems.

Growth of Smart Homes: The rising penetration of smart home devices, supported by increasing internet connectivity, is driving demand for integrated video door systems.

Restraints

High Installation Costs: The cost of installation and maintenance of video door entry systems, particularly in developing economies, can hinder market growth.

Privacy Concerns: Increased concerns about data privacy and security associated with connected devices pose challenges to market adoption.

Opportunity

Integration with IoT and AI: The growing integration of video door systems with IoT and AI technologies offers significant opportunities for enhancing functionality and personalization.

Emerging Markets: Developing regions in Asia-Pacific and Latin America present untapped opportunities due to increasing urbanization and security awareness.

Market by System Type Insights

The Wireless Video Door Entry Systems segment is expected to dominate the market during the forecast period, driven by ease of installation, mobility, and increasing integration with smart home systems. Wireless systems eliminate the need for complex wiring and are becoming increasingly popular in both residential and commercial setups.

Market by End-use Insights

The Residential Segment accounted for the largest revenue share in 2023 and is expected to continue leading during the forecast period. Rising consumer awareness of home security, coupled with the adoption of smart home solutions, is driving this segment. The Commercial Segment is also anticipated to witness significant growth due to the increasing demand for secure access solutions in offices, hotels, and retail establishments.

Market by Regional Insights

North America held the largest market share in 2023, driven by high consumer spending on security systems and the presence of major manufacturers. However, the Asia-Pacific Region is anticipated to exhibit the highest growth rate, supported by rapid urbanization, increasing disposable incomes, and rising security awareness in countries like China, India, and Japan.

Competitive Scenario

Key players in the Global Video Door Entry Systems Market include Aiphone Corporation, Honeywell International, Panasonic Corporation, Ring LLC, Comelit Group, and FERMAX. These companies are focusing on technological innovations, strategic partnerships, and expanding their product portfolios to strengthen their market presence. Recent developments include:

In 2023, Ring LLC launched a new AI-based video doorbell with enhanced recognition capabilities.

In 2024, Panasonic Corporation introduced an upgraded wireless video door entry system featuring 4K video resolution.

Scope of Work – Global Video Door Entry Systems Market