PUBLISHER: The Business Research Company | PRODUCT CODE: 1539820
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539820
Video intercom devices are electronic communication tools that integrate video and audio capabilities to enable visual and verbal interaction between individuals in different locations within a building or complex. These devices typically consist of an outdoor unit equipped with a camera, microphone, and speaker installed at entry points, and one or more indoor units featuring a display screen and speaker placed within the premises.
The primary types of video intercom devices include door entry systems, handheld devices, and video baby monitors. A door entry system, also referred to as an access control system, is a mechanism installed at entry points to regulate and monitor access to a premise. These systems come in wired and wireless variants, employing technologies such as analog and internet protocol (IP), and are utilized across various sectors including commercial, residential, government, and others.
The video intercom devices market research report is one of a series of new reports from The Business Research Company that provides video intercom devices market statistics, including video intercom devices industry global market size, regional shares, competitors with a video intercom devices market share, detailed video intercom devices market segments, market trends and opportunities, and any further data you may need to thrive in the video intercom devices industry. This video intercom devices market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The video intercom devices market size has grown rapidly in recent years. It will grow from $28.19 billion in 2023 to $32.66 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The growth during the historic period can be attributed to heightened security concerns, expanding urbanization, increasing disposable incomes, and the rising demand for smart homes and improved building infrastructure.
The video intercom devices market size is expected to see rapid growth in the next few years. It will grow to $59.55 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to the expanding adoption of smart home devices, the increase in residential and commercial construction activities, heightened awareness of safety and security measures, growing investments in smart building technologies and smart home solutions, rising demand for video surveillance and security equipment, and the expanding urban population. Major trends expected in this period include the integration with smart home ecosystems, adoption of wireless and IoT connectivity, growing preference for high-definition video resolution, implementation of cloud-based video intercom systems, and rising adoption of voice-activated controls.
The increasing demand for security and surveillance is expected to drive growth in the video intercom device market. Security and surveillance encompass various measures and systems used to monitor, detect, and respond to potential threats and unauthorized activities, addressing concerns such as theft and safety across different settings. This demand is spurred by rising crime rates, global threats including terrorism, urbanization, population growth, cybersecurity risks, and efforts to enhance public safety. Video intercom systems play a crucial role in security and surveillance by providing visual verification, access control, remote monitoring, and integration capabilities, thereby bolstering safety and protection for residential, commercial, and institutional premises. For example, in October 2023, the Office for National Statistics reported an increase in recorded robberies in the UK, highlighting the growing need for effective security solutions. Hence, the escalating demand for security and surveillance is a key driver for the expansion of the video intercom device market.
Leading companies in the video intercom device market are focused on developing advanced products to simplify installation processes and improve user convenience, such as preprogrammed box sets featuring video intercom systems. These box sets come fully equipped with preconfigured monitors, cameras, and wiring, facilitating seamless setup. For instance, in April 2023, AiPhone Co. Ltd., an international manufacturer specializing in intercom and security communication products, introduced the IX Series kit. This preprogrammed box set includes a video intercom system that is ready to install, offering network-based communication and security features such as video entry security, internal communication, emergency stations, and paging. Key functionalities include video entry, access control, integration with IP cameras and access control systems, and compatibility with mobile apps. The IX Series kit targets installers transitioning from traditional analog intercom systems to more advanced IP-based video intercom systems.
In October 2022, ASSA ABLOY AB, a Swedish provider of security solutions, acquired Bird Home Automation GmbH to strengthen its position in the expanding smart home and video intercom device market. This strategic acquisition enables ASSA ABLOY to integrate complementary technologies and expand its product offerings. Bird Home Automation GmbH, based in Germany, specializes in developing, producing, and marketing high-quality IP video door intercoms.
Major companies operating in the video intercom devices market are Apple Inc., Samsung Electronics Co. Ltd., Panasonic Corporation, Honeywell International Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Legrand, Dahua Technology, VTech Communications Inc., Axis Communications AB, Snap One LLC, URMET S.p.A., Ring LLC, Grandstream Networks Inc., Siedle, Zenitel, Bosch Security Systems, ButterflyMX Inc., 2N, FERMAX, Comelit Group S.p.A., Bird Home Automation GmbH, CyberData Corporation, Alpha Communications
North America was the largest region in the video intercom devices market in 2023. The regions covered in the video intercom devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the video intercom devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The video intercom systems market consists of sales of ip video intercom systems, smart video doorbells, touchscreen video intercoms, and multi-tenant video intercom systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Video Intercom Devices Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on video intercom devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for video intercom devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The video intercom devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.