According to a new market research report published by Credence Research “Video Intercom Devices Market (Configuration – Wired and Wireless; Display Type – Color and Black & White; Technology Type – Analog and IP-based; End-use Application – Residential, Commercial, Educational, Industrial and Government) – 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 increase to CAGR by 13.5 per cent during the forecast period from 2018 to 2026.
Browse the full report at “Video Intercom Devices Market”
Video intercom devices may be defined as a stand-alone intercom system used to manage calls made at the entrance to 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 or not to allow access to a caller.
One of the most important factors contributing to the market growth of video intercom devices is the fact that, in recent years, the concept of smart homes has gained considerable popularity. Video intercom devices fit well with this concept and its demand is expected to remain high during the forecast period. In addition, rising government initiatives to develop smart cities are another key factor in helping video intercom devices grow in the market. This factor is anticipated to generate favorable demand for these appliances. In addition, the development of the building industry in Asia-Pacific and the Middle East region has been significant in latest years, with numerous lately finished and upcoming housing projects. This development in the building industry has led to a favourable demand for safety technologies such as video intercom devices. Growing security concerns among citizens is another important factor complementing the growth of the market for video intercom devices. Factors such as increasing net disposable income among individuals, particularly in nations such as India, China and Brazil, among others, have further led to market growth.
North America was the largest market for video intercom devices in 2017. The region being one of the early adopters of smart technologies has further helped the market to flourish in the region. Moreover, strong home automation industry coupled with rising spending towards security systems has contributed to the market growth in North America. People often consider these devices as a value-added service for better quality of living. Therefore, these factors in combination expected to drive the video intercom devices market growth in the region.
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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.
By Configuration (2016–2026; US$ Bn)
By Display Type (2016–2026; US$ Bn)
- Black and White
By Technology Type (2016–2026; US$ Bn)
By End-use Application (2016–2026; US$ Bn)
By Geography Segment (2016–2026; US$ Mn)
- North America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Latin America