Video Intercom Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Video Intercom Devices Market Share & Trends. The market is segmented by Technology (Analog, IP based), End User (Commercial, Residential, Government, Industrial), and Geography.

Video Intercom Devices Market Size

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Video Intercom Devices And Equipment Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 45.79 Billion
Market Size (2029) USD 76.86 Billion
CAGR (2024 - 2029) 10.91 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Video Intercom Devices And Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Video Intercom Devices Market Analysis

The Video Intercom Devices And Equipment Market size is estimated at USD 45.79 billion in 2024, and is expected to reach USD 76.86 billion by 2029, growing at a CAGR of 10.91% during the forecast period (2024-2029).

Rising demand for these devices in the security and surveillance sector is anticipated to fuel market expansion throughout the forecast period. The market for video intercom devices is also changing and taking on a new trend due to developments in hardware and software.

Growing demand for video surveillance or security equipment and increased investment in the smart building and smart home markets are some of the primary reasons driving the market's growth. Additionally, the market under study is anticipated to experience growth due to rising product innovation and advancements in other device-connected features.

The intercom market is being driven by improvements in security software, connectivity, customization, and sound quality, among other things. The corporate network now makes it feasible to share information and control units from a few yards. Intercom firms continuously survey the industry and create novel and intriguing solutions to meet these criteria since the markets and customers served by intercom goods continue to change and have updated needs demanding new solutions.

Moreover, as new infrastructure comes up in the residential and commercial sectors, the high focus on advanced video surveillance alongside the ease of convenience is anticipated to drive the market's growth. Data centers, for instance, are expected to witness high growth rates since security is one of their primary concerns.

Furthermore, it is anticipated that the market will benefit greatly from the expanding popularity of smart homes. Various government initiatives to create smart cities are also anticipated to fuel market growth. The market is expanding due to the introduction of sophisticated security audiovisual systems that offer offices and residential buildings a higher level of security.

The market studied has witnessed significant advancements through the innovation of various hardware products and solutions. The need for touchless solutions, higher video quality, noise cancellation features, and stress on ease of convenience have characterized the launch of new products.

The extremely high rate of hacking poses a barrier to the industry being researched because people are concerned about how it may affect the security and safety of homes and businesses. In addition, compromising network security exposes the infrastructure's overall security. However, tight security regulations and developments are anticipated to alleviate the issues brought on by the worry about hacking.

The COVID-19 epidemic damaged the worldwide supply chain and demand for electronics, which hurt the adoption of IP video intercom market hardware. The electronics sector saw a supply deficit as a result of the production halt in nations all over Europe and the world. However, the emphasis on remote monitoring increased the demand for IP video intercom systems among different end-users in the residential, business, and government sectors.

Video Intercom Devices Market Trends

Commercial Sector to Hold the Significant Share

The commercial sector includes office structures that may house numerous organizations. These buildings have video intercom systems installed at the entrance and departure points to prevent unauthorized persons from entering and to permit access to those who are needed. Additionally, delivery employees can enter offices via video intercom systems without requiring permission at entry points.

Buildings with several blocks hosting more than one business are the ideal target areas for video intercom devices and equipment. As the market progresses from analog to IP, IP-based solutions are anticipated to gain significant traction. Commercial spaces can be noted to move away from aging access control systems and transitioning away from outdated two-wire analog cabling. Such factors are anticipated to drive the growth of the studied market in this segment.

The development of smart buildings is a feature of the research area, along with expanding the commercial real estate market. The region is home to several smart building initiatives expected to accelerate the use of IP video intercoms as these systems become a crucial component of office security solutions.

For commercial interests, security issues have spread to more areas. The adoption of IP video intercom services is directly related to the increased demand for video surveillance at entry and exit points to prevent physical breaches where non-contact access control has gained traction, parking lots, and the transportation sector to maximize visibility and communication.

In commercial structures, the IP video intercom system is becoming increasingly common. The IP video intercom also has extra features like mobile app control and the ability to integrate CCTV systems. Products with capabilities like remote alerts and notifications that are delivered right to phones and PCs are also available from market sellers.

In addition, it is anticipated that the commercial sector'ssector's expansion of smart buildings will accelerate the adoption of video intercom technology. Additionally, as the market for smart buildings expands globally, more and more members of the general public are investing in linked building hardware, even in the security sector. The market under study primarily benefits from these trends.

Moreover, new product additions to the portfolio by vendors would further drive the market'smarket's growth. For instance, in March 2022, Motorola Solutions released the new Openpath Pro Series Video Intercom, reader to offer real-time video visibility, enabling a faster response to incidents.

Video Intercom Devices And Equipment Market: Important Sustainability Features in Commercial Buildings in the U.S. 2021, in %

North America Accounts for a Significant Market Share

North America is primarily organized, and the residential sector significantly contributes to income creation. The market expansion in North America has been aided by the robust home automation sector and rising spending on security systems.

The video intercom devices and equipment market in the United States will witness high growth owing to the growing adoption of smart home technology and products. According to the National Council For Home Safety and Security (Alarms.org) study, more than 3 in five Americans claim "security" is the top benefit of owning a smart home.

With cities like New York being well-known smart cities, the United States has been acknowledged as one of the pioneers in creating smart cities in recent years. The US has seen several notable urban advancements, and these innovations may provide opportunities for the adoption of video intercom systems.

Local governments are implementing numerous smart city initiatives nationwide to enhance services and open up new opportunities by adopting more advanced technologies. Schenectady, New York, Miramar, Florida, and Brownsville, Texas, are just a few of the interesting smart city initiatives. Such projects are expected to drive the market.

The region's video surveillance market is growing in size as a result of increasing investment. Additionally, for security purposes, governments all around the region are increasing their spending on video monitoring programs. Due to the fast-rising demand from the United States, Canada, and other countries, the region is experiencing tremendous expansion in adopting video surveillance systems.

The government funding program for the region is mainly concerned with cross-sectoral projects that will improve the livability and prosperity of the cities and that other municipalities in the region will later adapt. Due to this increased expenditure, the government and commercial sectors are anticipated to embrace smart buildings, generating a supplementary market for cutting-edge IP-based video intercom systems.

Video Intercom Devices And Equipment Market: Video Intercom Devices and Equipment Market - Growth Rate by Region

Video Intercom Devices Industry Overview

The video intercom devices and equipment market is moving toward a fragmented market due to the presence of several local players. The important players have also used various strategies, such as joint ventures, acquisitions, partnerships, agreements, new product launches, expansions, and others, to increase their footprints in this market. Some of the key players in the market are Samsung, Legrand, Honeywell, etc.

May 2023- Hikvision announced releasing new video intercoms to upgrade entrance security. This exciting new compact surface-mount villa door station will provide users with a unique experience for door access with state-of-the-art technology. It supports access card and facial authentication and can support up to 20,000 contacts with built-in storage and processing.

September 2022 - Ring announced its latest gadget that makes Suer's apartment intercom smart. Ring Intercom is a DIY, retrofit device that attaches to the intercom inside the user's home and connects via Wi-Fi to the Ring app on their smartphone. It's specifically designed for European apartment buildings where multiple flats (or apartments) have one entry point and only an audio intercom system installed.

Video Intercom Devices Market Leaders

  1. Panasonic Corporation

  2. Honeywell International Inc.

  3. Legrand Holding, Inc.

  4. Samsung Electronics Co. Ltd

  5. AIPHONE Co Ltd.

*Disclaimer: Major Players sorted in no particular order

Video Intercom Devices And Equipment Market Concentration
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Video Intercom Devices Market News

  • January 2023: Dahua Technology has announced to release of the EACH series 2-wire hybrid video intercom system for villa scenarios. The new EACH series features enhance user experience, high-quality images, and ease of use. The video intercom system is a plug-and-play system that does not require configuration and provides accessibility, extensibility, and convenience in the field of smart buildings.
  • October 2022: ASSA ABLOY acquired the makers of DoorBird. The ASSA ABLOY Group has acquired 100% of the shares in Bird Home Automation GmbH, the makers of the DoorBird video doorbell. ASSA ABLOY announced that the acquisition of DoorBird will reinforce its IP door intercom offerings and provide complementary growth opportunities.

Video Intercom Devices Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Impact of the COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Increasing Concerns Over Home Security Due to the Growing Crime Rate

      2. 5.1.2 Growing Demand for Integrated and Smart Home Products

    2. 5.2 Market Challenegs

      1. 5.2.1 Hackers Involvement Due to Mismanagement in Network Security

    3. 5.3 TECHNOLOGY SNAPSHOT

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Technology

      1. 6.1.1 Analog

      2. 6.1.2 IP based

    2. 6.2 By End User

      1. 6.2.1 Commercial

      2. 6.2.2 Residential

      3. 6.2.3 Government

      4. 6.2.4 Other End Users

    3. 6.3 By Geography

      1. 6.3.1 North America

      2. 6.3.2 Europe

      3. 6.3.3 Asia-Pacific

      4. 6.3.4 Latin America

      5. 6.3.5 Middle East & Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Hangzhou Hikvision Digital Technology Co Ltd

      2. 7.1.2 Samsung Electronics Co. Ltd

      3. 7.1.3 Comelit Group SpA

      4. 7.1.4 Siedle & Sohne OHG

      5. 7.1.5 Legrand Holding Inc.

      6. 7.1.6 Panasonic Corporation

      7. 7.1.7 Aiphone Corporation

      8. 7.1.8 TKH Group NV (Commend International GmbH)

      9. 7.1.9 Alpha Communications

      10. 7.1.10 ButterflyMX Inc.

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Video Intercom Devices Industry Segmentation

Video intercom devices are intercom devices, which use video methods, and are stand-alone intercom systems used to manage calls made at the entrance to a building with access control. The diversity of applications for video intercom devices and equipment has added security and comfort in commercial, residential, and industrial applications.

The Video Intercom Devices and Equipment Market is segmented by Technology (Analog, IP-based), End User (Commercial, Residential, Government, Industrial), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The report offers the market size in value terms in USD for all the abovementioned segments.

By Technology
Analog
IP based
By End User
Commercial
Residential
Government
Other End Users
By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Video Intercom Devices Market Research FAQs

The Video Intercom Devices and Equipment Market size is expected to reach USD 45.79 billion in 2024 and grow at a CAGR of 10.91% to reach USD 76.86 billion by 2029.

In 2024, the Video Intercom Devices and Equipment Market size is expected to reach USD 45.79 billion.

Panasonic Corporation, Honeywell International Inc., Legrand Holding, Inc., Samsung Electronics Co. Ltd and AIPHONE Co Ltd. are the major companies operating in the Video Intercom Devices and Equipment Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Video Intercom Devices and Equipment Market.

In 2023, the Video Intercom Devices and Equipment Market size was estimated at USD 41.29 billion. The report covers the Video Intercom Devices and Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Video Intercom Devices and Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

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Video Intercom Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)