The global video intercom devices market size is expected to be worth around US$ 50.7 billion by 2030, according to a new report by Vision Research Reports.
The global video intercom devices market size was valued at US$ 19.2 billion in 2020 and is anticipated to grow at a CAGR of 14.3% during forecast period 2021 to 2030.
|Market Size||USD 50.7 billion by 2030|
|Growth Rate||CAGR of 14.3% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Type, access control, system, technology, end use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||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|
Rise in the number of residential and commercial buildings is expected to propel the growth of the video intercom device market over the forecast period. The market is witnessing a significant growth owing to innovations in video streaming, and Session Initiation Protocol (SIP). Video intercoms use the internet for data transfer and are also equipped with cameras that offer high-quality imagery and night vision functionality. This has resulted in high demand for such devices in offices and residential apartments for security purposes.
Increasing demand for these devices in the security and surveillance sector is expected to propel the market growth over the forecast period. Video intercom equipment are widely installed as audiovisual communication systems at the entry-exit points of offices, societies, and buildings, among others.
By Device Type Analysis
On the basis of device type, the market is segmented into door entry systems, handheld devices, and video baby monitors. The door entry systems segment is expected to generate maximum revenue over the forecast period. These systems offer enhanced audio and visual quality and include various functions, such as keyless access control, audiovisual function, and flexible operating options, for connecting to IP networks.
By Access Control Analysis
On the basis of access control, the market is segmented into fingerprint readers, password access, proximity cards, and wireless access. Password access is expected to dominate the market owing to benefits, such as high security, convenience, and easy access.
Wireless access control servers are integrated with a virtual private cloud network that prevents unauthorized requests from gaining access to the internal network. These servers are widely used in surveillance, home automation, smart buildings, and safety & security sectors. Access control wireless audiovisual intercom system allows two-way communication with the visitor. These instruments offer various benefits, such as storing the images of visitors and high connectivity using Wi-Fi.
By System Analysis
On the basis of the system, the market is segmented into wired and wireless systems. In 2020, the wired segment led the market owing to various benefits of these systems, such as ease of installation and convenient communication.
Their features include motion detection with audiovisual surveillance, smart lock integration, audiovisual storage at zero additional cloud charges, and keyless entry using built-in touchscreen keypad. Wireless video intercom systems offer benefits, such as system expansion, easy operation, and flexible layouts.
By Technology Analysis
On the basis of technology, the market is segmented into analog and IP-based technologies. IP-based systems are projected to be witness the fastest CAGR due to their wide usage as a result of advancements, in terms of technologies and features.
Network video recorders, SIP phones, and CCTV cameras are some of the IP-based video intercom devices. These systems provide high video quality regardless of the number of receiving devices; thereby driving the segment growth.
By End Use Analysis
On the basis of end use, the market is segmented into automotive, commercial, government, residential, and other industries. The products are widely used in residential buildings as they provide protection against intruders.
These systems include various features, such as built-in IP camera, compatible IP touchscreen, audiovisual communication systems, and discrete speaker & microphone.
By Regional Analysis
North America led the global video intercom devices market, in terms of revenue share, in 2020. It is expected to retain its leading position throughout the forecast years on account of smart cities initiatives in economies, such as U.S. and Canada.
Rapid growth of the residential and commercial sector in the region is further expected to fuel the market over the forecast period. APAC regional market is projected to register the highest CAGR over the forecast period. Increasing disposable income levels in developing countries, such as India and China, are expected to boost the regional market.
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.
By Device Type
Door Entry Systems
Video Baby Monitors
By Access Control
By End Use
Middle East & Africa
The Video Intercom Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Video Intercom Devices market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Video Intercom Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Video Intercom Devices market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Video Intercom Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Video Intercom Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Video Intercom Devices by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Video Intercom Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Video Intercom Devices market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Video Intercom Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Video Intercom Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Video Intercom Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Video Intercom Devices market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Video Intercom Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Video Intercom Devices market. These factors have benefited the growth of the global market for Video Intercom Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Video Intercom Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Video Intercom Devices are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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