Video Intercom Devices Market Share, Size, Trends, Industry Analysis Report, By Access Control (Password, Wireless), By Device Type (Door Entry Systems, Handheld Devices), By End Use, By Technology, By Region, And Segment Forecasts, 2024 - 2032
- Published Date:Feb-2024
- Pages: 120
- Format: pdf
- Report ID: PM4239
- Base Year: 2023
- Historical Data: 2020 – 2022
Report Outlook
The global video intercom devices market was valued at USD 24.72 billion in 2023 and is expected to grow at a CAGR of 13.4% during the forecast period.
Video intercom equipment is commonly utilized as audiovisual communication systems at entry and exit points of offices, residential complexes, and buildings. This widespread installation is expected to drive market expansion during the forecast period. These appliances function by transmitting a visitor's audio and visual information to devices such as loudspeakers, telephones, and walkie-talkies, allowing users to access this information. One of the significant factors driving the market growth is the phenomenon of rapid urbanization observed in many economies.
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As urban areas continue to expand and populations concentrate in cities, there is a growing need for advanced security and communication systems. This urbanization trend creates lucrative opportunities for market participants. With the increase in urban population, the number of residential complexes, commercial buildings, and office spaces also rises. These places require efficient and reliable security measures to ensure the safety of residents, employees, and property.
Moreover, there is a parallel trend toward increased building automation in both residential and commercial spaces. Building automation involves the use of advanced technologies to control various systems within a building, such as lighting, heating, ventilation, and security. As automation becomes more prevalent, the adoption of sophisticated communication systems like video intercom appliances becomes essential. These appliances play a crucial role in enhancing security measures within automated buildings, allowing seamless communication and monitoring at entry and exit points.
The video intercom devices market report details key market dynamics to help industry players align their business strategies with current and future trends. It examines technological advances and breakthroughs in the industry and their impact on the market presence. Furthermore, a detailed regional analysis of the industry at the local, national, and global levels has been provided.
Additionally, the introduction of advanced security audiovisual systems is boosting market growth. These systems offer a higher level of security to both residential buildings and offices. Video intercom appliances, equipped with advanced features such as high-resolution cameras and secure audio transmission, provide an additional layer of protection. As security concerns continue to rise, businesses and homeowners are increasingly investing in these advanced audiovisual systems to safeguard their properties and occupants. This growing demand contributes significantly to the expansion of the market.
The market growth is likely to be impeded by the significant initial investments and maintenance expenses associated with audiovisual appliances. Additionally, interruptions in signals, such as those in audio and visual communication systems, occur due to frequency overlapping, posing a further challenge to the market's expansion.
Growth Drivers
Increasing popularity of smart homes
Increasing popularity of smart homes is a significant driver. With the rise of smart home technologies, homeowners are inclined towards integrating advanced security and communication systems into their residences. Video intercom appliances, being an integral part of these systems, offer enhanced security features and convenient communication. This trend creates lucrative opportunities for the market as more individuals opt for these advanced solutions to ensure the safety and convenience of their homes.
Many governments are investing in transforming urban areas into smart cities by implementing advanced technologies and infrastructure. As a part of these initiatives, there is a focus on enhancing security measures in residential and commercial spaces. Video intercom appliances play a crucial role in providing secure access control and communication within these smart city frameworks. The integration of these appliances aligns with the broader goal of creating safer and technologically advanced urban environments.
Report Segmentation
The market is primarily segmented based on device type, access control, technology, end use, and region.
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By Device Type |
By Access Control |
By End Use |
By Region |
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By Device Type Analysis
Door Entry Systems Segment Held the Largest Share
Door entry systems segment dominated the market. These systems provide superior audio and visual quality and come with a range of features, including keyless access control, audiovisual capabilities, and flexible operating options for integration with IP networks.
Video baby monitors segment will grow at significant pace. This growth is attributed to the device's ability to offer parents a sense of safety and convenience, coupled with its portability. These monitors, equipped with advanced features such as two-way audio, night vision, and temperature monitoring, cater to the changing needs of modern parents. The market expansion is further propelled by increasing awareness, affordability, and seamless integration with other smart home devices.
By Access Control Analysis
Password Access Segment Accounted for the Largest Market Share in 2022
Password segment held the largest market share. This was due to its advantages, including robust security, convenience, and effortless accessibility. Password-based access entails encrypting the data, which can be decrypted by inputting the authorized fingerprint password.
Wireless access segment will exhibit robust growth rate. Wireless access control servers are seamlessly integrated into a virtual private cloud network, effectively thwarting unauthorized attempts to access the internal network. These servers find extensive applications in surveillance, home automation, smart buildings, and safety & security sectors. The wireless audiovisual intercom system for access control enables interactive communication with visitors, allowing for two-way conversations.
By Technology Analysis
IP Based Segment Accounted for the Largest Market Share in 2022
IP based segment held the largest market share. These devices offer several advantages, including easy installation, minimal initial investment, and low infrastructure costs. One of the key drivers for this segment's growth is the high video quality it provides, regardless of the number of receiving devices. Unlike analog equipment, IP-based systems are not suitable for duplex communication. Additionally, challenges such as visual signal disruptions and disruptions in data network signals pose obstacles to the growth of this segment.
Analog segment will exhibit robust growth rate. This growth is attributed to its high reliability, simplicity, integration capabilities, and cost-effectiveness. Analog video intercoms have the advantage of being resilient to power outages and network issues, a feature digital system might lack.
Regional Insights
North America Accounted for the Largest Share of Global Market in 2022
North America emerged as the largest region. It is driven by smart city initiatives undertaken by various economies in the region. The introduction of initiatives like smart buildings and smart transportation is poised to generate growth opportunities. Additionally, the swift expansion of the residential and commercial sectors in the region is expected to further boost the market during the forecast period.
APAC will grow at the substantial pace. This growth is attributed to the rising disposable income levels in developing countries. Additionally, factors such as the increasing incidence of crimes, heightened awareness about video intercom systems, and growing demand across various industry sectors are key drivers fueling the region’s growth.
Key Market Players & Competitive Insights
Businesses are dedicating resources to research and development endeavors, creating new products, and expanding their product portfolios. These efforts aim to provide video intercom devices that are both cost-effective and dependable.
Some of the major players operating in the global market include:
- Aiphone Corporation
- Alpha Communications
- Comelit Group
- Dahua Technology
- Godrej.com
- Honeywell International
- Legrand
- Panasonic Holdings Corporation
- SAMSUNG
- Siedle
- 2N TELEKOMUNIKACE
Recent Developments
- In June 2023, Aiphone Corporation, introduced its IX Series kit. This kit comes as a preprogrammed and preassembled box set, featuring a ready-to-install video intercom system.
- In June 2023, 2N has introduced new adaptive Face Zooming technology into its video intercom system. This innovative feature enhances security by simplifying the process for business owners and users to recognize visitors within their premises.
- In January 2023, Dahua Technologies unveiled the EACH series, a hybrid video intercom system designed specifically for villas, operating on a 2-wire configuration. This new series sets new standards in terms of expandability, ease of use, convenience, and high-definition video within the realm of 2-Wire video intercom systems.
Video Intercom Devices Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 28.00 billion |
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Revenue forecast in 2032 |
USD 76.78 billion |
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CAGR |
13.4% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2020 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Device Type, By Access Control, By Technology, By End Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
The analysis of video intercom devices market extends to a comprehensive market forecast up to 2032, coupled with a retrospective examination. Avail yourself of a complimentary PDF download to sample this in-depth industry analysis.
FAQ's
device type, access control, technology, end use, and region are the key segments in the Video Intercom Devices Market.
The global video intercom devices market size is expected to reach USD 76.78 billion by 2032
expected to grow at a CAGR of 13.4% during the forecast period.
North America regions is leading the global market.
The increasing adoption of smart homes are the key driving factors in Video Intercom Devices Market.
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