Video Intercom Devices Market Outlook
According to a new report by Expert Market Research titled, “Global Video Intercom Devices Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global video intercom devices market reached a value of nearly USD 25.54 billion in 2023. Aided by growing demand for enhanced security equipment and development of advanced tools with integrated audio and video features, the market is projected to further grow at a CAGR of 13.2% between 2024 and 2032 to reach a value of USD 53.63 billion by 2032.
Video intercom devices are communication tools that integrate audio-visual systems to allow interaction without physical contact, typically employed at entry and exit points of buildings, offices, or residences. Offering both security and convenience, these systems are pivotal in verifying identity, ensuring controlled access, and fostering efficient communication in multifaceted infrastructures. Beyond their basic functionalities, video intercom devices now harbour sophisticated features, such as facial recognition, mobile connectivity, and integration with IoT devices, reflecting advancements in tech-driven solutions.
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An escalating inclination towards wireless and IP-based intercom systems has become of the major video intercom devices market trends. Their capability to function seamlessly with mobile applications and internet connectivity not only provides flexibility for users but also supports real-time surveillance and remote access control. In the era of smart homes and connected devices, the integration of video intercom with home automation systems is a significant trend that enhances user experience.
A pivotal factor fuelling the video intercom devices market growth is the proliferating demand for advanced security solutions. With increase in urban populations and the development of large residential complexes and commercial spaces, the necessity for comprehensive security systems has never been more essential. Video intercom devices, equipped with HD video, infrared night vision, and panoramic views, become critical assets in ensuring a robust security apparatus.
The video intercom devices market analysis highlights the impact of technological innovations on product offerings. Advanced AI-driven features such as automatic threat detection, gesture control, and integration with digital assistants like Alexa and Google Assistant are transforming these devices from mere security tools to comprehensive control systems. Such innovations are not only driving demand but also shaping future trajectories for this market.
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Moreover, growth in institutional and commercial segments is expected to further drive the global video intercom devices market demand. Establishments like hospitals, educational institutions, and corporate hubs are actively deploying video intercom systems to manage large influxes of people while maintaining stringent security measures. These sectors value the efficiency and reliability offered by advanced video intercom devices, bolstering market expansion.
Video Intercom Devices Market Segmentation
The market can be divided based on technology, type, control, system, application, and region.
Market Breakup by Technology
- Analogue
- IP-Based
Market Breakup by Type
- Door Entry Systems
- Handheld Devices
- Video Baby Monitors
Market Breakup by Control
- Fingerprint Readers
- Password Access
- Proximity Cards
- Wireless Access
Market Breakup by System
- Wired
- Wireless
Market Breakup by Application
- Automotive
- Commercial
- Government
- Residential
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global video intercom devices market. Some of the major players explored in the report by Expert Market Research are as follows:
- Aiphone Co., Ltd.
- Dahua Technology Co., Ltd.
- Godrej Industries Limited
- Honeywell International Inc. (NYSE: HON)
- Legrand
- Panasonic Corporation
- Samsung Group
- Others
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