Global Video Intercom Devices Market, By Type (Door Entry Systems, Handheld devices and Video Baby Monitors), Access Control (Fingerprint Readers, Password Access, Proximity Cards and Wireless Access), System (Wired and Wireless), Technology (Analogue and IP-Based), End User (Automotive, Commercial, Government, Residential and Others), Display (Colour and Black and White), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the video intercom devices market would exhibit a CAGR of 6.83% for the forecast period. Growth and expansion of semiconductors industry, rise in the demand and adoption of advanced audio-visual systems and increased initiatives by the government to spread awareness are the major factors attributable to the growth of video intercom devices market. Therefore, in terms of market value, the video intercom devices market would stand tall by USD 47.93 billion by the year 2028.
Video intercom devices are used as a medium for audio-visual communication. The video intercom devices are provided with both indoor and outdoor elements. Further, the video intercom devices are installed with a micro camera adapted for night vision to capture the image of the visitor.
Increasing awareness about the advantages of video intercom devices coupled with initiatives taken up by the government to spread awareness has resulted in growth in the demand for video intercom devices globally. Rising technological advancements and up gradations in the video intercom devices will also create lucrative growth opportunities for the video intercom devices market in the long run. Rising urbanization, modernization and construction of smart cities is also fostering the video intercom devices market growth. Growing and expansion of various end user verticals will further induce growth in the demand for video intercom devices. Increased demand by automotive industry will also propel growth in the demand for video intercom devices. Increasing quality of smart homes is another video intercom devices market growth determinant.
However, high investments required for the procurement and installation will pose a major challenge to the video intercom devices market growth. Also, high costs associated with the maintenance will act as market restraint for the video intercom devices market. Hacking issues will further dampen the video intercom devices market growth rate.
This video intercom devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on video intercom devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Video Intercom Devices Market Scope and Market Size
The video intercom devices market is segmented on the basis of type, access control, system, technology, end user and display. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, the video intercom devices market is segmented into door entry systems, handheld devices and video baby monitors.
- Based on access control, the video intercom devices market is segmented into fingerprint readers, password access, proximity cards and wireless access.
- Based on system, the video intercom devices market is segmented into wired and wireless.
- Based on technology, the video intercom devices market is segmented into analogue and IP- based.
- On the basis of end user, the video intercom devices market is segmented into automotive, commercial, government, residential and others.
- Based on display, the video intercom devices market is segmented into color and black and white.
Global Video Intercom Devices Market Country Level Analysis
Global video intercom devices market is analysed and market size insights and trends are provided by country, type, access control, system, technology, end user and display as referenced above.
The countries covered in the video intercom devices market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the video intercom devices market and will continue to extend its trend of dominance during the forecast period. This is because of the increased spending on security systems for residential purposes. Asia-Pacific will however register the highest CAGR. This is because of the rising awareness about the benefits of video intercom devices. Rising demand for video intercom devices from the automobile industry will also bolster the video intercom devices market growth rate. Increased crime rate is another video intercom devices market growth determinant.
The country section of the video intercom devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Video Intercom Devices Market Share Analysis
The 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.
The major players covered in the video intercom devices market report are Siedle, Comelit Group S.p.A, SAMSUNG, Honeywell International Inc., Alpha Communications, Legrand, Christy Industries, Inc., Panasonic Corporation, Vantage Security, SVAT Electronics, Smartwares, Serious security Pty Ltd, Optex (Europe) Ltd., Godrej, Evervue USA Inc., Commend International GmbH, AIPHONE CO., LTD., Swann and FERMAX ELECTRÓNICA, S.A.U. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.