The Global Building Intercom Systems Market size is projected to grow at a CAGR of 7.3% from 2021-2028 and is estimated to reach $2.7 billion by 2028. The market will grow due to the increasing demand for surveillance systems in commercial construction projects, apartment houses, parking facilities, etc., along with the installation of these systems for improving security levels against intruders or terrorist attacks which are an ever-increasing concern among governments across the globe.
Building Intercom Systems are an easy way for people to communicate between two points. They’re commonly used in homes, schools, and office buildings as a way of allowing residents or workers to speak with visitors without having to open the door. These days, they can also be found on industrial sites where there is a need for high volumes of traffic coming and going from one place to another.
On the basis of Types, the market is segmented into Audio Intercom Systems and Video Intercom Systems.
The audio Intercom System can be defined as a basic home intercom system that provides two-way voice communication between the sender and receiver without any video. It is also known as a push-button station (PBS) which consists of buttons, a speaker, and a microphone for communicating with each other.
A Video Intercom System is a system that links separate components of a building via electronic equipment. This video intercom system enables individuals to communicate with occupants at the entrance door, parking lot, or other entry points without having to actually go out and speak to them in person.
A key difference between an audio/voice-only intercom system and one with video capabilities is what happens when someone presses the intercom button on their side of the communication divide.
On the basis of Application, the market is segmented into Commercial Construction and Apartment Houses.
In commercial buildings, a Video Intercom System allows the occupants to speak with visitors via video before they open the door or gate for them. The system can also be used in garages where workers may need to go back and forth between different floors of a building as well as prevent unauthorized access from outside without making multiple trips up and down an elevator.
Building intercom systems are essential features that provide safety measures during emergencies such as fire accidents or any other type of crisis situation in apartment houses, office complexes, factories etcetera by facilitating live interactions within their premises.
On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is projected to show the highest CAGR for building intercom systems over the forecast period. The Middle East & Africa Market holds an increasing growth rate due to rising GDP per capita and investments by businesses across this region in the commercial construction sector that would drive the global building intercom system market.
The growth of the global building intercom systems market is fueled by several factors, including the rising demand for convenience and security in buildings. Residential complexes are one such segment where automation has been gaining traction for the last few years; however, it is expected to witness considerable growth over the forecast period owing to increasing awareness about advanced technologies among residents.
The subsequent high spending on smart homes will further boost its adoption in residential properties across the globe. Further, lack of suitable communication infrastructure can impede rapid progress related to this industry as well as services provided via these lines which drives their users worldwide.
Up Market Research published a new report titled “Building Intercom Systems Market research report which is segmented by Types (Audio Intercom System, Video Intercom System), By Applications (Commercial Construction, Apartment House), By Players/Companies Aiphone, Panasonic, Legrand, Samsung, Commax, ABB, Guangdong Anjubao, TCS, Fermax, Aurine Technology, Honeywell, Siedle, Urmet, Comelit Group, Kocom, Nortek Security & Control, Axis, Zhuhai Taichuan, Leelen Technology, WRT Security System, ShenZhen SoBen, Doorking, Fujiang QSR, Zicom, Shenzhen Competition, Quanzhou Jiale”.
Report Attributes | Report Details |
Report Title | Building Intercom Systems Market Research Report |
By Type | Audio Intercom System, Video Intercom System |
By Application | Commercial Construction, Apartment House |
By Companies | Aiphone, Panasonic, Legrand, Samsung, Commax, ABB, Guangdong Anjubao, TCS, Fermax, Aurine Technology, Honeywell, Siedle, Urmet, Comelit Group, Kocom, Nortek Security & Control, Axis, Zhuhai Taichuan, Leelen Technology, WRT Security System, ShenZhen SoBen, Doorking, Fujiang QSR, Zicom, Shenzhen Competition, Quanzhou Jiale |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 243 |
Number of Tables & Figures | 171 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Audio Intercom System, Video Intercom System and By Application Commercial Construction, Apartment House.
Some of the companies that are profiled in this report are:
Building Intercom Systems Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Building Intercom Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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