Global Video Intercom Devices Market 2023-2030

Global Video Intercom Devices Market 2023-2030

Global Video Intercom Devices Market Size, Share & Trends Analysis Report by Technology (Analog and IP-based), by Device Type (Door Entry Systems, Handheld Devices and Video Baby Monitors), by Access Control (Fingerprint Readers, Password Access, Proximity Cards and Wireless Access), and by End-User (Automotive, Commercial, Residential and Others), Forecast Period (2023-2030)

The global video intercom devices market is anticipated to grow at a CAGR of 12.2% during the forecast period (2023-2030). Increased building automation is driving the adoption of video intercom appliances in residential and commercial buildings. The growing adoption of smart video access systems with improving remote management and control is the key factor supporting the growth of the market globally. Smart video access systems are scalable to meet the unique needs of gated communities, and large and mid-sized buildings. Smart Video Intercom can help property and building owners streamline the management of building entrances and residents. The market players are also focusing on introducing smart video intercom access systems solutions that further bolster the market growth. For instance, in July 2022, LiftMaster®, the brand of professionally installed access solutions, introduced its line of smart video intercom access systems to make access for small multifamily buildings and single-family homes with gates more secure and convenient. LiftMaster Smart Video Intercoms provide a stand-out smart amenity for any size building, empowering property owners and residents to open doors and manage guest access remotely

Segmental Outlook

The global video intercom devices market is segmented on the technology, device type, access control and end-user. Based on the technology, the market is sub-segmented into analog and IP-based. Based on the device type, the market is sub-segmented into door entry systems, handheld devices and video baby monitors. Based on the access control, the market is sub-segmented into fingerprint readers, password access, proximity cards and wireless access. Further, on the basis of end users, the market is sub-segmented into automotive, commercial, residential and others (government).Among the device types, the door entry systems sub-segment is anticipated to hold a considerable share of the market owing to ensuring a higher level of safety for occupants by preventing unauthorized individuals from entering the premises. This is especially vital in high-security environments like research facilities or government buildings.

The Analog Sub-Segment is Anticipated to Hold a Considerable Share of the Global Video Intercom Devices Market

Among the technology, the analog sub-segment is expected to hold a considerable share of the global video intercom devices market. The segmental growth is attributed to the growing influence of analog technology for audio and video transmission. Analog signals are much higher density and can present more refined information. To provide all the components required for a complete video intercom system, Various kit also includes a step-by-step guide. This includes a USB drive that contains system configuration files and “how-to” videos that provide detailed installation instructions. For instance, in April 2023, Aiphone, the international manufacturer of intercom and security communication products, launched IXS-HBDV includes a video door station, a video master station, a PoE switch, and a USB drive with instructions and videos on how to install the system. The IX Series kit is ideal for installers who have traditionally worked with plug-and-play analogue-based systems.

Regional Outlook

The global video intercom devices market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the growing popularity of smart homes is driving opportunities for the market.

The North America Region is Expected to Grow at a Significant CAGR in the Global Video Intercom Devices Market

Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the rising number of crimes, an increase in awareness about video intercom systems, and growing demand across numerous industry verticals are the key factors driving the market growth in the region. With advanced features like two-way audio, night vision, and temperature monitoring, video baby monitors cater to the evolving needs of modern parents. Increasing awareness, affordability, and integration with other smart home devices have also played a role in driving the market's expansion.

Various newest addition to Verkada's product portfolio empowers front desk staff to make smarter entry decisions. For instance, in February 2023, Verkada, in cloud-managed enterprise building security and management, launched the newest addition to its product line, Verkada Intercom, and a range of updates that expand the reach of the Verkada platform. With the new video intercom, customers can answer calls from anywhere with sharp video, clear audio, four smart receiver methods and intuitive management and security tools in Verkada Command.

Market Players Outlook

The major companies serving the video intercom devices market include Bosch Security Systems, LLC., Comelit Group S.p.A., Hangzhou Hikvision Digital Technology Co., Ltd., Panasonic Holdings Corp., VTech Holdings Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, Grass Valley and Telos Alliance partners brought integrated intercom to cloud production. In partnership with the Telos Alliance, Grass Valley is introducing Telos Infinity® VIP (Virtual Intercom Platform) on GV AMPP (Agile Media Processing Platform), a professional intercom solution for cloud-based media production workflows.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global video intercom devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.