Overview and Scope
Video intercom devices are electronic communication tools that combine video and audio capabilities to facilitate visual and verbal interaction between individuals at different locations within a building or complex. These devices include 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.
Sizing and Forecast
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 in the historic period can be attributed to increasing security concerns, growing urbanization, rising disposable incomes, growing demand for smart homes and enhanced 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 increasing adoption of smart home devices, rise in residential and commercial construction, growing awareness of safety and security, increasing investment in the smart building and smart homes, growing demand for video surveillance or security equipment and expanding urban population. Major trends in the forecast period include integration with smart home systems, adoption of wireless and IoT connectivity, growing demand for high-definition video resolution, adoption of cloud-based video intercom systems, increasing adoption of voice-activated controls.
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Segmentation & Regional Insights
The video intercom devices market covered in this report is segmented –
1) By Device Type: Door Entry Systems, Handheld Devices, Video Baby Monitors
2) By System: Wired, Wireless
3) By Technology: Analog, Internet Protocol-Based
4) By End-User: Commercial, Residential, Government, Other End-Users
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.
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Major Driver Impacting Market Growth
The rising demand for security and surveillance is expected to propel the growth of the video intercom device market going forward. Security and surveillance refer to the measures and systems employed to monitor, detect, and respond to potential threats and unauthorized activities, such as robbery and safety concerns, in various environments. The demand for security and surveillance is increasing due to increasing crime rates, terrorism and global threats, urbanization and population growth, cybersecurity threats, and enhancing public safety. Video intercom systems contribute significantly to security and surveillance by providing visual verification, access control, remote monitoring, and integration capabilities, improving the safety and protection of residential, commercial, and institutional premises. For instance, in October 2023, according to the Office for National Statistics, a UK-based non-ministerial department, UK police recorded robberies reaching 77,337 incidents in 2023, compared to 69,432 incidents in 2022. Therefore, the rising demand for security and surveillance is driving the growth of the video intercom device market.
Key Industry Players
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
The video intercom devices market report table of contents includes:
1. Executive Summary
2. Video Intercom Devices Market Characteristics
3. Video Intercom Devices Market Trends And Strategies
4. Video Intercom Devices Market – Macro Economic Scenario
5. Global Video Intercom Devices Market Size and Growth
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32. Global Video Intercom Devices Market Competitive Benchmarking
33. Global Video Intercom Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Video Intercom Devices Market
35. Video Intercom Devices Market Future Outlook and Potential Analysis
36. Appendix
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