Vietnam Door Phone Market

Vietnam Door Phone Market Overview

• The Vietnam Door Phone Market is valued at USD 165 million, based on a five-year historical analysis and its share within the broader Asia–Pacific and global door phone markets, which are driven by rapid urbanization, rising security concerns, and the growing trend of smart home technologies. The demand for door phone systems, particularly video and IP-based solutions, has surged as consumers seek enhanced security and convenience in residential and commercial properties, in line with global adoption patterns of video and IP door phones.
• Key cities such as Ho Chi Minh City and Hanoi dominate the market due to their rapid urban development and high population density, supported by strong construction and housing activity in Vietnam’s major urban centers. These urban centers are witnessing a surge in residential and commercial construction projects, leading to increased demand for advanced door phone systems. Additionally, the affluent and increasingly tech?savvy consumer base in these cities is more inclined towards adopting smart and connected home technologies such as video intercoms, IP door phones, and smart access systems, further driving market growth.
• In 2023, the Vietnamese government strengthened building safety and fire protection requirements through instruments such as Decree No. 136/2020/ND-CP on fire prevention and fighting, issued by the Government, and QCVN 06:2022/BXD National Technical Regulation on Fire Safety for Buildings and Constructions, issued by the Ministry of Construction, which require multi?unit residential, commercial, hospitality, and public buildings to incorporate fire alarm, communication, and emergency evacuation systems. In practice, compliance with these standards has encouraged developers of new residential and commercial buildings to integrate door communication, intercom, and access?control systems as part of their overall safety and security design, thereby boosting demand for door phone solutions in the market.

Vietnam Door Phone Market Segmentation

By Type:The market can be segmented into various types of door phone systems, including audio door phones, video door phones, wired door phones, wireless door phones, IP door phones/networked intercoms, and smart doorbells/app-connected door phones, which mirrors the typical global segmentation of the door phone industry. Among these, video door phones are gaining significant traction due to their enhanced security features, integration with CCTV and access control, and user-friendly interfaces, consistent with global market trends where video door phones are the fastest-growing segment. The increasing consumer preference for visual identification, smartphone-based remote access, and smart home integration is driving the growth of this segment in Vietnam’s urban residential and commercial projects, in line with broader Asia–Pacific adoption of smart and IP-based door phone solutions.

By End-User:The end-user segmentation includes residential apartments and condominiums, individual villas and gated communities, commercial offices and retail, hospitality (hotels, serviced apartments), industrial and warehousing facilities, and government, education, and healthcare buildings, which aligns with the primary residential and non?residential segments used in Vietnam’s broader doors and building products markets. The residential segment, particularly apartments and condominiums, is leading the market due to the increasing number of multi-family housing projects in major cities and the growing emphasis on controlled access and visitor management in urban living, reflecting the global pattern where residential applications account for a major share of door phone installations.

Vietnam Door Phone Market Competitive Landscape

The Vietnam Door Phone Market is characterized by a dynamic mix of regional and international players. Leading participants such as Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Aiphone Co., Ltd., Commax Co., Ltd., Panasonic Corporation, 2N Telekomunikace a.s., Honeywell International Inc., Samsung Electronics Co., Ltd., Bosch Security Systems GmbH, Legrand Group, Fermax Electrónica S.A.U., VIVOTEK Inc., Grandstream Networks, Inc., Schneider Electric Vietnam, Bkav Smart Home (Bkav Corporation, Vietnam) contribute to innovation, geographic expansion, and service delivery in this space, in line with their established presence in global and Asia–Pacific door phone and video intercom markets.

Vietnam Door Phone Market Industry Analysis

Growth Drivers

• Increasing Urbanization and Residential Construction:Vietnam's urban population is projected to reach 50% in future, up from 37% in 2020, according to the World Bank. This rapid urbanization drives residential construction, with the Ministry of Construction estimating 1.5 million new housing units needed annually. As urban areas expand, the demand for door phone systems in new residential complexes is expected to surge, providing a significant growth opportunity for the market.
• Rising Demand for Security Solutions:The Vietnamese security market is anticipated to grow to $1.2 billion in future, driven by increasing crime rates and safety concerns. A report by the Vietnam National Police indicates a 15% rise in reported crimes over the past three years. Consequently, consumers are increasingly investing in security solutions, including door phone systems, to enhance home safety, thereby propelling market growth.
• Technological Advancements in Door Phone Systems:The door phone market is witnessing significant technological innovations, with smart door phones featuring video capabilities and mobile app integration. The global smart home market is expected to reach $135 billion in future, according to Statista. As Vietnamese consumers become more tech-savvy, the demand for advanced door phone systems that integrate with smart home technologies is likely to increase, driving market expansion.

Market Challenges

• High Initial Installation Costs:The average installation cost for a door phone system in Vietnam ranges from $200 to $500, which can be a barrier for many consumers. According to the General Statistics Office of Vietnam, the average monthly income is approximately $300. This disparity makes it challenging for a significant portion of the population to invest in door phone systems, limiting market penetration.
• Limited Awareness Among Consumers:A survey by the Vietnam Chamber of Commerce and Industry found that only 30% of urban residents are aware of modern door phone systems. This lack of awareness hampers market growth, as many potential customers remain uninformed about the benefits and features of these systems. Educational initiatives and marketing strategies are essential to increase consumer knowledge and drive adoption.

Vietnam Door Phone Market Future Outlook

The Vietnam door phone market is poised for significant growth, driven by urbanization, rising security concerns, and technological advancements. As more consumers seek integrated smart home solutions, the demand for advanced door phone systems will likely increase. Additionally, the government's push for smart home technologies will further stimulate market growth. Companies that focus on educating consumers and reducing installation costs will be well-positioned to capitalize on these trends and expand their market share.

Market Opportunities

• Expansion into Rural Markets:With 70% of Vietnam's population residing in rural areas, there is a significant opportunity for door phone manufacturers to penetrate these markets. As rural incomes rise, the demand for security solutions is expected to increase, providing a lucrative avenue for growth in previously underserved regions.
• Partnerships with Real Estate Developers:Collaborating with real estate developers can facilitate the integration of door phone systems into new residential projects. As the construction of smart homes increases, these partnerships can enhance product visibility and adoption, creating a win-win situation for both manufacturers and developers in the evolving housing market.