March 29, 2020

Video Intercom Devices Market is estimated to grow with a CAGR of 13.5% during the forecast period from 2018 to 2026

According to a new market research report published by Credence Research “Video Intercom Devices Market – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global market for video intercom devices was valued at US$ 16.24 billion in 2017 and will grow at CAGR by 13.5 per cent during the forecast period from 2018 to 2026.

Market Insights

Video intercom devices can be defined as a stand-alone intercom system used to manage calls made at the entrance of a building. The building may be a residential complex, commercial or workplace with access controlled by audiovisual communication between the inside and the outside. These devices make it easier for an indoor person to identify and visit and then decide whether to allow access to a caller.

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One of the most important factors contributing to the growth of the market for video intercom devices is the fact that the concept of smart homes has gained considerable popularity in recent years. The video intercom equipment fits well with this concept and its demand is expected to remain high during the forecast period. In addition, rising government initiatives for the development of smart cities are another key factor supporting video intercom devices for market growth. This factor is expected to generate positive demand for these devices. In addition, the growth of the construction sector in Asia-Pacific and the Middle East region has been significant in recent years, with numerous recently completed and upcoming residential projects. This growth in the construction sector has led to a favorable demand for security systems such as video intercom devices. Growing security concerns among citizens is another important factor that complements the market growth of video intercom devices. Factors such as increasing net disposable income among people, particularly in countries such as India, China and Brazil, among others, have further contributed to market growth.

In 2017, North America was the largest market for video intercom devices. The region, which was one of the early adopters of smart technologies, has further helped the market to flourish in the region. In addition, the strong home automation industry, coupled with rising spending on security systems, has contributed to North America’s market growth. People often consider these devices to be a value-added service for better quality of life.  As a result, these factors in combination are expected to drive the market growth of video intercom devices in the region.

Some of the major players operating in the market include Panasonic Corporation, Honeywell security, Legrand SA, Samsung, Airphone Corporation, Godrej Group, Zenitel, Zicom, Comelit Group S.P.A., Hangzhou Hikvision Digital Technology Co. Ltd. and Dahua Technologies Co. Ltd. among others.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Configuration Type

  • Wired
  • Wireless

By Display Type

  • Color
  • Black and White

By Technology Type

  • Analog
  • IP-based

By End-use Application Type

  • Residential
  • Commercial
  • Educational
  • Industrial
  • Government

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

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