Global video intercom device market was worth USD 17.82 billion in 2018. It is expected to grow at 12.8% CAGR between 2019 and 2025. The market is expected to grow due to increased demand in the surveillance and security sector. Video intercom equipment is widely used at entry-exit points in offices, societies, buildings, and other places.
These devices transmit audio and visual information to loudspeakers, telephones or walkie-talkies which can be accessed by the user. The market is poised to reap the benefits of rapid urbanization. Video intercom appliances are being adopted in commercial and residential buildings due to increasing building automation.
The market will also benefit from the growing popularity of smart houses. The market will be further influenced by various government initiatives to develop smart towns. The market is being driven by the introduction of high-security audiovisual systems that offer greater security for offices and residential buildings.
However, market growth will be impeded by high initial investment and high maintenance costs for the audiovisual appliances. The overlapping frequencies can also cause interference in signals such as audio and visual communication systems. This will also be a problem for the market's growth.
The market can be divided into three segments based on device type: handheld devices, door entry systems and video baby monitors. Over the forecast period, door entry systems will generate the highest revenue. These systems provide enhanced audio and visual quality, as well as various functions such keyless access control and audiovisual function. They also allow for easy connection to IP networks. As these devices are used extensively in restaurants, hotels, service centers, retail shops, and other establishments, the handheld device segment will also see significant growth. Handheld systems enable clear and easy communication between rooms in a hotel or home. They also feature noise-canceling microphones and digital sounds to prevent frequencies from overlapping, which will create new growth opportunities in the segment.
The market can be divided into four segments based on access control: fingerprint readers, password access and proximity cards. Wireless access is also available. Because of its benefits such as convenience and high security, password access is expected to be the dominant market. Password access encrypts data and can be decrypted using the keyword password or fingerprint that has been authorized. The wireless access control servers can be integrated with a virtual cloud network to prevent unauthorized requests from accessing the internal network. These servers are used extensively in surveillance, home automation and smart buildings. Two-way communication is possible with visitors using the access control wireless audiovisual intercom system. These devices offer many benefits such as the ability to store images and high connectivity via Wi-Fi.
The market can be divided into wireless and wired systems based on the type of system. The wired segment dominated the market in 2018, owing to numerous benefits such as easy installation and simple communication. Additionally, wired appliances can be easily integrated with existing systems. Wireless devices are cost-effective and provide secure access control. They include audiovisual surveillance and motion detection, integration, digital storage at no additional cloud charges, keyless entry with the built-in touchscreen keyboard, and smartlock . Wireless video intercom systems have many benefits such as easy operation and expansion.
The market can be divided into two types of technology based on its technology: analog and IP-based technologies. The fastest CAGR is expected to be experienced by IP-based systems due to their widespread usage and advancements in technology and features. These appliances have many benefits such as ease of installation, low initial investment and low infrastructure costs. SIP phones and CCTV cameras are just a few of the IP-based intercom devices. These systems can provide excellent video quality regardless how many devices are receiving it. This drives segment growth. Duplex communication is not possible with analog equipment. Segment growth is affected by disruptions in visual signal and data network signals.
The market can be divided into several segments based on end use: automotive, commercial and government, residential and other industries. They are popularly used in residential buildings because they offer protection against intruders. The instruments include IP video intercom terminals, monitor stations, and integrated access control and CCTV systems. This equipment has been designed for apartments, housing estates and private housing to provide maximum safety and security.
Video intercoms are used extensively in automotive industries because they enable users to communicate with their door stations easily. These systems have many features such as an integrated IP camera, compatible IP touchscreens, audiovisual communication system, discrete speaker and microphone, and a built-in IP camera. The segment will see an increase in the use of audiovisual technology in automobile manufacturing over the forecast period.
In 2018, North America was the leader in global video intercom device market revenue share. The U.S. and Canada have launched smart city initiatives that will allow them to maintain their leading position in the future. It is expected that the region will see growth opportunities from smart buildings and smart transport initiatives. The market is expected to grow rapidly due to the rapid growth in the commercial and residential sectors. The APAC region market is expected to experience the highest CAGR during the forecast period. The regional market will be boosted by rising disposable income in developing countries like India and China.
Aiphone Co., Ltd., Alpha Communications, Comelit Group S.P.A., Dahua Technology Co., Ltd., Godrej.Com, Honeywell International Inc., Legrand, Panasonic Corporation, Samsung, and Siedle & Sohne OHG are the key players in this market. To increase their market share, these companies are focusing on strategic partnerships or acquisitions. Companies are also investing in research and development, new product development and product portfolio expansion, to provide reliable and cost-effective video intercom equipment.
This report predicts revenue growth and volume growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Grand View Research divided the global market for video intercom devices on the basis device type, access control system, technology, end uses, and region.
Device Type Outlook (Revenue USD Million, 2014-2025)
Door Entry Systems
Handheld Devices
Video baby monitors
Access Control Outlook (Revenue USD Million, 2014-2025)
Fingerprint Readers
Password Access
Proximity cards
Wireless Access
System Outlook (Revenue USD Million, 2014-2025)
Wired
Wireless
Technology Outlook (Revenue USD Million, 2014-2025)
Analog
IP-based
End Use Outlook (Revenue USD Million, 2014-2025)
Automotive
Commercial
Government
Residential
Other
Regional Outlook (Revenue USD Million, 2014-2025)
North America
U.S.
Canada
Europe
U.K.
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Middle East & Africa
Up Market Research published a new report titled “Video Intercom Devices Market research report which is segmented by Device Type (Handheld Devices, Door Entry Systems), by Access Control (Wireless, Password), By Players/Companies companies are also investing in the research and development activities, Ltd; GodrejCom; Honeywell International Inc; Legrand; Panasonic Corporation; Samsung; and Siedle & Sohne OHG These companies are focusing on strategic partnerships and acquisitions to boost their market shares Furthermore, Ltd; Alpha Communications; Comelit Group SPA; Dahua Technology Co, new product development, Aiphone Co, product portfolio expansion to offer cost-effective and reliable video intercom equipment”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Video Intercom Devices Market Research Report |
By Device Type | Handheld Devices, Door Entry Systems |
By Access Control | Wireless, Password |
By Companies | companies are also investing in the research and development activities, Ltd; GodrejCom; Honeywell International Inc; Legrand; Panasonic Corporation; Samsung; and Siedle & Sohne OHG These companies are focusing on strategic partnerships and acquisitions to boost their market shares Furthermore, Ltd; Alpha Communications; Comelit Group SPA; Dahua Technology Co, new product development, Aiphone Co, product portfolio expansion to offer cost-effective and reliable video intercom equipment |
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 | 229 |
Number of Tables & Figures | 161 |
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 Device Type (Handheld Devices, Door Entry Systems), by Access Control (Wireless, Password).
Video Intercom Devices 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.
Key Benefits for Industry Participants & Stakeholders:
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 Video Intercom Devices 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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