What are the Historical Developments and Current Growth Metrics of the Video Intercom Devices Market?
The video intercom devices market has seen considerable growth due to a variety of factors.
• The video intercom devices market has shown strong growth in recent years. It will rise from $32.66 billion in 2024 to $38.03 billion in 2025, at a CAGR of 16.5%.
The expansion is due to heightened security concerns, urbanization, rising disposable incomes, growing demand for smart homes, and improvements in building infrastructure.
What Is The Projected Growth Of The Video Intercom Devices Template Market?
The video intercom devices market is expected to maintain its strong growth trajectory in upcoming years.
• The video intercom devices market is set to grow to $69.08 billion by 2029, with a CAGR of 16.1%.
This expansion is driven by the adoption of smart home devices, increased residential and commercial construction, growing awareness of safety and security, more investment in smart buildings, and the increasing demand for video surveillance. Major trends include integration with smart home systems, wireless IoT connectivity, high-definition video resolution, cloud-based systems, and voice-activated controls.
What Are The Key Drivers Fueling Growth In The Video Intercom Devices Market?
The growth of the video intercom device market is expected to be fueled by an escalating demand for security and surveillance. Security and surveillance pertain to the systems and measures utilized for monitoring and detecting unauthorized activities and potential risks, such as safety concerns and robbery, in various settings. There's a rise in security and surveillance needs due to increasing crime rates, global and terrorist threats, population growth and urbanization, cybersecurity risks, and a focus on improving public safety. Video intercom systems play a crucial role in enhancing security and surveillance by offering visual verification, access control, integration abilities, and remote monitoring, thus boosting the safety of residential, institutional, and commercial premises. For example, the Office for National Statistics, a non-ministerial department in the UK, reported in October 2023 that UK police recorded 77,337 robbery incidents in 2023 compared to 69,432 incidents in 2022. Therefore, the growing demand for security and surveillance is a significant driver of the video intercom device market's expansion.
What Are The Principal Market Segments In The Global Video Intercom Devices Industry?
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
Subsegments:
1) By Door Entry Systems: Wired Door Entry Systems, Wireless Door Entry Systems, Smart Door Entry Systems
2) By Handheld Devices: Portable Video Intercoms, Smartphone-Based Video Intercoms, Wearable Video Intercom Devices
3) By Video Baby Monitors: Digital Video Baby Monitors, Wi-Fi Enabled Video Baby Monitors, Analog Video Baby Monitors
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What Trends Are Reshaping The Future Of The Video Intercom Devices Market?
Leading enterprises in the video intercom device market are concentrating on the creation of upgraded products such as preprogrammed box sets with video intercom systems. These systems prioritize simplifying the installation process and heightening user comfort. Each preprogrammed box set includes a complete, ready-to-install package comprising pre-designed monitors, cameras, and cabling for effortless assembly. For instance, in April 2023, AiPhone Co. Ltd., an American multinational intercom and security communication product manufacturer, unveiled the IX Series kit. This pre-assembled, preprogrammed box set comes with a video intercom system that can be easily installed. The IX Series is an unparalleled communication and security protocol that includes video entry security, internal communication, emergency stations, and paging. Its noteworthy features include video entry, access control, IP camera integration, access control system integration, and mobile application integration. The IX Series kit is targeted at installers who are transitioning from traditional, analogy-based intercom systems to IP-based video intercom versions.
Who Are the Key Players In The Video Intercom Devices Market?
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
What Are The Regional Insights Into The Video Intercom Devices Market?
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.
