Global Intercom Devices Market - 2023-2030

Overview

Global Intercom Devices Market reached US$ 22.9 billion in 2022 and is expected to reach US$ 56.8 billion by 2030, growing with a CAGR of 12.1% during the forecast period 2023-2030.

The market is being influenced by rising demand for security equipment as well as technical improvements like wireless and IP-based solutions that extend communication range. The global intercom devices market has been steadily growing as a result of developments in communication technology and an increased demand for safe and effective communication solutions across various industries.

On March 8, 2023, Hollyland, a renowned wireless solution provider, has introduced the Solidcom C1 Pro, the first full-duplex wireless dual-mic ENC intercom system. Solidcom C1 Pro, an upgrade over its predecessor, provides a pioneering team communication experience with ENC technology and the Push-to-Talk (PTT) function. It modern DECT 6.0 headset system has a broad audio range of 150Hz to 7kHz, a dependable LOS range of up to 1,100ft (350m) for 2 to 9 persons and a portable design without beltpacks. Therefore, China accounts for roughly more than half of the regional market share.

Dynamics

Growing Product Launches Fuels Market Growth

Component launches frequently include the introduction of new characteristics and technology that improve the usefulness and capabilities of intercom devices. Video integration, smartphone compatibility, biometrics and IoT connectivity are examples of advanced features that contribute to a broader and more complex product line.

For instance, in 2023, Verkada, the leader in cloud-managed business building security and management, has announced the launch of Verkada Intercom, as well as a number of upgrades to the Verkada platform.

Growing Security and Surveillance Requirements

Growing security concerns, as well as the requirement for real-time communication in surveillance and security applications, are driving up demand for intercom devices, particularly video intercom systems, in residential and commercial structures. Because of the enhanced functionality they allow, IP intercoms are becoming increasingly popular. It is true across the board, from powerful commercial security systems to private residential premises. Integrating technology into IP intercoms allows firms to implement the features they require for their business, particularly when it comes to remote access.

Customer attitudes and needs have continued to affect the security sector, causing market and industry developments to occur. As a result, new use cases for security and safety have emerged in a range of areas, including building access, communication and control. The have paved the way for security experts to reconsider how intercom technology is used, leveraging sophisticated capabilities to intelligently support end users and system owners. It would include automatic monitoring and remote management, as well as convenient, safe and secure methods of granting access to sites.

Integration Complexity

Intercom device integration with existing or new communication networks, security systems or smart home installations can be difficult. The difficulty and cost of integration may limit uptake, particularly for smaller organizations or home customers.

Integration complexity raises costs since it necessitates specialist labor, customization and more hardware/software. The additional expenditures may be perceived as a barrier to the adoption of intercom devices by businesses and consumers. Complex integration methods can cause intercom system deployment times to increase. Long implementation durations may put off potential clients, particularly in commercial or industrial sectors where quick adoption is critical.

Evolution of IP Intercoms

IP intercoms go beyond typical voice-based intercoms in terms of enhanced communication functions. It enables the transfer of video, audio and data over IP networks, increasing functionality and delivering a richer user experience. IP intercoms can be readily integrated into smart home and IoT (Internet of Things) ecosystems. The integration allows customers to control and manage intercom operations via mobile apps, voice commands or centralized home automation platforms, bringing convenience and security.

For instance, DNAKE offers a smart IP intercom solution for a major residential complex in China's Xindian community. The Xindian Affordable Housing Metro Community, as a vital province and municipal initiative as well as an important livelihood project in Xiamen City, is the city's first construction project. Apart from facilitating traffic, it also has business areas, kindergartens, community service centers, fresh supermarkets and other amenities. Therefore, the developments like these create lucrative growth prospects in the global intercom devices market during the forecasted period.

Segment Analysis

The global intercom devices market is segmented based on system, component, devices, technology, communication, end-user and region.

Ease of Installation and Flexibility

Wireless intercoms are less difficult to install because they do not require significant cabling, making them an excellent alternative for retrofitting or in situations where wiring is difficult. Wireless systems offer installation flexibility and mobility within the communication range, making them suited for both residential and business applications.

For instance, August 28, 2023, Zenway Componentions, a renowned AV rental company has installed the innovative Clear-Com FreeSpeak II Wireless Intercom System, which has completely transformed their communication infrastructure. The new intercom system has proven to be an excellent tool, addressing critical difficulties and considerably enhancing organizational communication efficiency. Therefore, the wireless system segment holds for majority of the total global segmental shares.

Geographical Penetration

Early Adoption of Technologies in the Region Supports the Growth of North American Market

Smart home technologies have received widespread early acceptance in North America and intercom devices are an essential component of these ecosystems. Consumers in the region are fast to embrace intercom systems that combine with smart home features, improving home security and communication.

Individuals and corporations in North America are concerned about security. The demand for modern security solutions creates a high demand for intercom devices, particularly those that are integrated with video surveillance, access control systems and smart security solutions. Therefore, North America is holding the majority of market shares in global market.

COVID-19 Impact Analysis

Many initiatives involving the installation of intercom devices were postponed or put on hold as a result of lockdowns and social distancing measures. It delays had an immediate impact on the demand for intercom equipment. During the pandemic, extensive use of remote work lowered the immediate demand for office-related intercom systems. Virtual communication options were more important to businesses than traditional intercom systems for workplace spaces.

Russia-Ukraine War Impact Analysis

Armed conflicts can have both indirect and direct effects on different businesses, including the intercom devices market. The effects could include supply chain disruptions, changes in trade patterns, adjustments in demand and pricing and overall market volatility.

Price changes in raw materials and components used to manufacture intercom devices may occur as a result of disruptions in supply chains and trade dynamics. It can have an impact on the market's overall cost structure and pricing tactics. Consumer sentiment and behavior can be influenced by geopolitical conflicts. Uncertainty and anxieties about the future may have an impact on consumer buying habits, potentially affecting demand for intercom devices.

By System

• Wire
• Wireless

By Component

• Hardware
• Software and Services

By Device

• Door Entry Systems
• Handheld Devices
• Others

By Technology

• Analog
• IP-Based

By Communication

• Push-To-Talk
• Hands-Free

By End-User

• Commercial
• Residential
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In 2023, Riedel Communications has announced that In Concert Productions (ICP), a provider of innovative sound equipment and services, has added Riedel's Emmy Award-winning Bolero wireless intercom system to its portfolio.
• In 2023, The Hollyland Full-Duplex Intercom System with Four Beltpack Transceivers costs US$ 1,249. The system is perfect for training, broadcasting and gatherings. The Hollyland Full-Duplex Intercom System with Four Beltpack Transceivers provides two-way communication over a 1000-foot range. A base station, four beltpack transceivers and five headsets are included. The base station is powered by an integrated AC power converter with a 4-pin XLR connector or by optional L-series batteries via the station's dual-battery plate.
• In August 2023, Paxton Access, an innovator in technology, developed Entry, an award-winning video intercom system that may be placed standalone or as part of a highly scalable, networked system.

Competitive Landscape

major global players in the market include: SAMSUNG ELECTRONICS CO., LTD., Panasonic Holdings Corporation, Schneider Intercom GmbH, Hollyland, Godrej & Boyce Manufacturing Company Limited, Axis Communications AB, Alpha Communications, TCS TurControlSysteme AG, Riedel Communications and TOA Corporation.

Why Purchase the Report?

• To visualize the global intercom devices market segmentation based on system, component, devices, technology, communication, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of intercom devices market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Component mapping available as excel consisting of key products of all the major players.

The global intercom devices market report would provide approximately 85 tables, 82 figures and 235 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies