PUBLISHER: KBV Research | PRODUCT CODE: 1395868
PUBLISHER: KBV Research | PRODUCT CODE: 1395868
The Global Video Intercom Devices Market size is expected to reach $56.5 billion by 2030, rising at a market growth of 13.4% CAGR during the forecast period.
Urbanization often leads to the construction of high-rise residential buildings to accommodate the growing population in the Asia Pacific region. Therefore, Asia Pacific segment generated $5,987.2 million revenue in the market in 2022. As a result, the rapid urbanization in cities across the Asia Pacific region has led to the construction of high-rise buildings and complexes. In urban areas with an aging population, video intercom devices are used for elderly care in residential buildings in the Asia Pacific region. Some of the factors impacting the market are expansion of smart home and building trends, increasing rates of criminal activities and power supply and connectivity issues.
The growing trend toward smart homes and buildings is a significant driver. Video intercoms are often integrated into broader smart home ecosystems, allowing users to manage their security systems remotely, receive real-time notifications, and enjoy seamless connectivity with other smart devices. This is particularly beneficial for homeowners and businesses, allowing them to check in on their properties, communicate with visitors, and control access points from anywhere with an internet connection. Additionally, when integrated with surveillance cameras, video intercom systems provide enhanced surveillance capabilities. This integration allows for a more comprehensive view of the surroundings, enabling users to monitor and record activities at entry points, parking lots, and other critical areas. In the case of suspicious activities or unauthorized access attempts, the system can trigger alarms, alerting occupants, and security personnel to potential security threats. Therefore, the market is expanding significantly due to the expansion of smart home and building trends and as a result of the increasing rates of criminal activities, the market is anticipated to increase significantly.
However, Video intercom devices often rely on Wi-Fi, Ethernet, or cellular network connectivity. Network outages, slow connectivity, or signal interference can disrupt communication and compromise the system's effectiveness. Connectivity issues can pose security concerns, especially if the data transmission between video intercom devices and servers is not secure. Connectivity vulnerabilities may expose sensitive information to potential threats, impacting user trust and hindering market growth. Thus, power supply and connectivity issues can slow down the growth of the market.
System Outlook
On the basis of system, the market is divided into wired and wireless. In 2022, the wired segment dominated the market with maximum revenue share. Wired connections provide consistent and stable data transmission, leading to higher video quality. Video intercom devices using wired connections can deliver clear and uninterrupted video feeds, contributing to better visual verification and communication. Wired connections are less susceptible to signal interference from other electronic devices, competing wireless networks, or environmental factors. This reduced interference ensures a more reliable and secure communication channel for video intercom systems.
Technology Outlook
By technology, the market is fragmented into analog and IP-based. The analog segment recorded a remarkable revenue share in the market in 2022. Analog video intercom devices are widely used in apartment buildings to control access. They provide a straightforward and affordable solution for residents to communicate with visitors at the building entrance. Analog video intercom devices are employed in educational institutions, such as schools or universities, for secure access control at main entrances. They help verify visitors' identity before granting access to the premises.
Type Outlook
By type, the market is categorized into door entry systems, handheld devices, and others. In 2022, the door entry systems segment held the highest revenue share in the market. Door entry systems with video intercom devices offer a comprehensive access control solution. The ability to visually verify and communicate with visitors before granting access ensures that only authorized individuals are allowed entry. Integrating video intercom devices with smart homes and building automation systems has become a defining trend. Homeowners and businesses alike are increasingly seeking holistic solutions that enhance security and offer the convenience of remote access control. Door entry systems that can be seamlessly integrated with smart devices and platforms contribute to the overall appeal of these solutions.
End-use Outlook
Based on end-use, the market is segmented into automotive, commercial, government, residential, and others. The commercial segment projected a prominent revenue share in the market in 2022. Commercial properties, like office buildings, retail stores, and corporate campuses, prioritize security. Video intercom devices contribute to enhanced security measures by providing visual verification of individuals seeking access. This is crucial for preventing unauthorized entry and ensuring the safety of employees, customers, and assets. Commercial establishments often deal with a high volume of visitors. Video intercom devices enable efficient visitor verification and management by allowing staff to visually confirm the identity of visitors before granting access. This contributes to a secure and organized environment.
Access Control Outlook
Based on access control, the market is classified into fingerprint readers, password access, proximity cards, and wireless access. In 2022, the password access segment witnessed the largest revenue share in the market. Incorporating password access expands video intercom devices' capabilities in providing comprehensive access control solutions. Users can set up customized access levels, granting different permissions based on their entered password. Password access offers flexibility in user authentication, catering to a diverse user base. Unlike traditional physical keys or cards, passwords can be easily managed and updated, providing a dynamic and scalable solution.
Regional Outlook
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating the highest revenue share. Video intercom devices are commonly used in residential settings in North America to enhance security. In urban areas across North America, the construction of apartment buildings and condominiums is prevalent. Video intercom devices are deployed in commercial buildings, business centers, and offices across North America to regulate access, manage entry points, and enhance security within these environments.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aiphone Co., Ltd., Alpha Communications, Comelit Group S.p.A., Zhejiang Dahua Technology Co., Ltd., Axis Communications AB, Honeywell International, Inc., Legrand Group, Panasonic Holdings Corporation, Samsung Electronics Co., Ltd. and S. Siedle & Soehne Telephone and Telegraph Works OHG.
Market Segments covered in the Report:
By System
By Technology
By Type
By End-use
By Access Control
By Geography
Companies Profiled
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