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Video Intercom System Market

Video Intercom System Market

Video Intercom System Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

Base Year:

2022

Date

Nov - 2021

Format:

PDF XLS PPT

Report Code:

VMR-VMR-2021-0838

Segments Covered
  • By Device Type By Device Type Door Entry Systems, Handheld Devices, Video Baby Monitors
  • By Access Control By Access Control Fingerprint Readers, Password Access, Proximity Cards, Wireless Access
  • By System By System Wired, Wireless
  • By Technology By Technology Analog, IP-based
  • By End-use By End-use Automotive, Commercial, Government, Residential, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 20.95 Billion
Revenue 2030Revenue 2030: USD 56.13 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 13.1%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Video Intercom System Market Share

The global Video Intercom System Market is valued at USD 20.95 Billion in 2022 and is projected to reach a value of USD 56.13 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 13.1% between 2023 and 2030.

Premium Insights

The sustained growth of the Video Intercom System market is propelled by several key market drivers that contribute to its growth including increasing emphasis on security and access control, both in residential and commercial settings, fuels the demand for video intercom systems. The rising need for advanced surveillance solutions to combat security threats and unauthorized access is a significant driver. Technological advancements play a pivotal role, with innovations such as IP-based systems, biometric authentication, and integration with smart home ecosystems driving market expansion. The surge in urbanization and construction activities globally, especially in developing regions, creates a substantial demand for video intercom systems as integral components of modern infrastructure.

  • Additionally, the COVID-19 pandemic has accelerated the adoption of touchless and remote-access technologies, further boosting the video intercom market
  • North America generated more than 32.2% of revenue share in 2022
  • Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
  • Door Entry Systems segment accounted for the largest market growth of 40.5% in 2022
  • Password Access segment revealed the most significant market growth of 30.8% in 2022
  • Wired segment accounted for largest market growth of 65.2% in 2022
  • IP-based segment revealed most significant market share of 60.5% in 2022
  • Residential segment led the market in 2022 with market share of 28.5%

Economic Insights

The Video Intercom System market is flourishing and expanding economically due to various factors such as increasing investments in smart infrastructure, rising security concerns, and advancements in technology. The market's economic landscape is further shaped by the integration of video intercoms with smart home solutions, promoting energy efficiency and enhancing overall living standards.

Video Intercom System Market Size, 2022 To 2030 (USD Billion)

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Top Market Trends

  • Integration with Smart Home Systems: Video intercom systems were increasingly being integrated into smart home ecosystems, allowing users to control and monitor their intercoms remotely through mobile devices and integrate them with other smart home devices.
  • Biometric Authentication: The integration of biometric authentication, such as facial recognition and fingerprint scanning, was becoming more prevalent in video intercom systems, enhancing security and access control capabilities.
  • Cloud-Based Solutions: The adoption of cloud-based video intercom solutions was on the rise. Cloud-based systems offered scalability, remote management, and the ability to store and access video footage from anywhere.
  • Advanced Analytics and Artificial Intelligence (AI): Video intercom systems were incorporating AI and advanced analytics for features like facial recognition, behavior analysis, and anomaly detection, providing enhanced security functionalities.
  • Mobile App Integration: Manufacturers were focusing on developing mobile apps that allow users to receive calls, view video feeds, and control intercom functions through their smartphones, contributing to increased convenience and accessibility.
  • IP-Based Intercom Systems: The industry was witnessing a shift towards IP-based video intercom systems, leveraging network infrastructure for communication. IP systems offer improved scalability, flexibility, and integration capabilities.

Market Segmentation

Video Intercom System The global Video Intercom System market can be categorized into Device Type , Access Control , System , Technology , End-use , Region. The Video Intercom System market can be categorized into Door Entry Systems, Handheld Devices, Video Baby Monitors based on Device Type . The Video Intercom System market can be categorized into Fingerprint Readers, Password Access, Proximity Cards, Wireless Access based on Access Control . The Video Intercom System market can be categorized into Wired, Wireless based on System . The Video Intercom System market can be categorized into Analog, IP-based based on Technology . The Video Intercom System market can be categorized into Automotive, Commercial, Government, Residential, Others based on End-use . The Video Intercom System market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Report Coverage & Deliverables

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  • Competitor Benchmarking
  • Market Trends Heatmap
  • Custom Research Queries
  • Market Sentiment Analysis
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Based on Device Type

Door Entry Systems holds the largest share

The Video Intercom System market is dominated by door entry because of the widespread adoption of door entry systems in both residential and commercial settings. Door entry systems serve as a fundamental component for access control and security, allowing users to visually identify and communicate with visitors before granting access. The prevalence of these systems in various applications, including homes, apartment complexes, office buildings, and gated communities, contributes to their substantial market share.

Based on Access Control

Password Access will dominate the market during Forecast Period

The Video Intercom System market is anticipated to be dominated by the password access control driven by its familiarity, ease of implementation, and cost-effectiveness. This method gives a sincere yet effective means of securing access, making it appropriate for a huge variety of programs, inclusive of residential complexes, workplaces, and business homes.

Based on System

Wired led the market in 2022

Wired led the market in 2022 due to their reliability, stability, and consistent performance. These systems typically use physical cables for communication, providing a secure and interference-free transmission of audio and video signals. Wired solutions are favored for their robustness in various settings, including residential, commercial, and industrial environments.

Based on Technology

IP-based accounts for maximum share

IP-based technology accounted for the maximum share due to their versatility, scalability, and advanced features. IP-based video intercoms leverage existing network infrastructure for communication, enabling seamless integration with other IP-enabled devices and systems. The increasing adoption of smart building solutions and the demand for integrated security systems further contributed to the market share of IP-based video intercom systems.

Based on End-use

Residential accounts for largest market share

In terms of end-use, the residential sector claims the largest market share in the Video Intercom System Market. This dominance is driven by the increasing awareness and adoption of video intercom systems for home security and access control. Video intercoms provide residents with a visual and audio means of identifying and communicating with visitors before granting access, enhancing overall safety and convenience. The growing trend of smart homes and the integration of video intercoms with home automation systems contribute to their popularity in residential applications.

Based on Region

North America will lead the market

The Video Intercom System market in the North America region is expected to lead the industry due to factors such as widespread adoption of advanced security technologies, increasing emphasis on residential and commercial security, and the presence of key market players in the region. The demand for video intercom systems in residential complexes, commercial buildings, and various institutions is fueled by a heightened focus on safety and access control. Moreover, technological advancements, such as the integration of video intercoms with smart home systems and the increasing trend of building automation, contribute to the strong market position of North America.

Competitive Landscape

The global Video Intercom System market is highly competitive, key market players striving for innovation, market share, and technological advancements. The focus on developing advanced features like biometric authentication, cloud integration, and mobile app connectivity underscores the dynamic nature of the competition. Additionally, companies are addressing the increasing demand for seamless integration with smart home systems and the growing trend of touchless access control.

The players in the global Video Intercom System market include Aiphone Corporation, Alpha Communications, Comelit Group S.p.A., Dahua Technology USA Inc., Godrej.com, Honeywell International Inc., Legrand, Panasonic Holdings Corporation, SAMSUNG, Siedle, 2N TELEKOMUNIKACE a.s. among others.

Recent Market Developments

  • 2023: 2N announced that it became the first company to integrate adaptive Face Zooming into its video intercom. Adaptive Face Zooming improves security by making it easier for business owners and users to identify visitors in their facility.
  • 2023: Dahua Technologies Co., Ltd. announced the launch of EACH series - a 2-wire hybrid video intercom system for villas. The new EACH series redefines extensibility and accessibility, convenience, and HD video in the 2-Wire video intercom system.

Segmentation of the Global Video Intercom System Market

Parameter Details
Segments Covered

By Device Type

  • Door Entry Systems
  • Handheld Devices
  • Video Baby Monitors

By Access Control

  • Fingerprint Readers
  • Password Access
  • Proximity Cards
  • Wireless Access

By System

  • Wired
  • Wireless

By Technology

  • Analog
  • IP-based

By End-use

  • Automotive
  • Commercial
  • Government
  • Residential
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Aiphone Corporation
  • Alpha Communications
  • Comelit Group S.p.A.
  • Dahua Technology USA Inc.
  • Godrej.com
  • Honeywell International Inc.
  • Legrand
  • Panasonic Holdings Corporation
  • SAMSUNG
  • Siedle
  • 2N TELEKOMUNIKACE a.s.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Video Intercom System valued at USD 20.95 Billion in 2022 and is expected to reach USD 56.13 Billion in 2030 growing at a CAGR of 13.1%.

  • The prominent players in the market are Aiphone Corporation, Alpha Communications, Comelit Group S.p.A., Dahua Technology USA Inc., Godrej.com, Honeywell International Inc., Legrand, Panasonic Holdings Corporation, SAMSUNG, Siedle, 2N TELEKOMUNIKACE a.s..

  • The market is project to grow at a CAGR of 13.1% between 2023 and 2030.

  • The driving factors of the Video Intercom System include

    • Growing concerns about security and the need for advanced surveillance systems drive the demand for video intercom systems

  • North America was the leading regional segment of the Video Intercom System in 2022.