Video Intercom Devices Market Analysis Report By Access Control, By Device Type, By End Use, By System, By Technology And Segment Forecasts From 2019 To 2025

Industry Insights

The global video intercom devices market size was accounted for USD 17.82 billion, in 2018. It is estimated to grow at the CAGR of 12.8% over the forecasted period, 2019 to 2025. The growing demand from the surveillance and security industry is projected to be a key factor responsible for the market growth. Moreover, video intercoms are used for communication and security reasons at the entry/exit gates in offices, buildings, and societies which in turn are expected to boost the demand for the product. 

These devices transfer both visual and audio information to telephones, walkie-talkies, and loudspeakers. In addition, increasing urbanization across developing countries is projected to create ample opportunities for the market. Furthermore, rising automation in modern buildings is expected to boost the demand for video intercom devices.

The increasing trend of smart and connected homes is expected to positively impact the market growth. Moreover, supportive government initiatives like smart city projects are projected to surge the product demand in the next few years. Advanced security systems provide high efficiency and help to keep track of residential and office buildings. 

However, the high maintenance cost for video devices is expected to restrain the growth of the market. Moreover, the frequency overlapping interrupts the signaling process in the communication system. 

Device Type Insights

The video intercom device market is divided into video baby monitors, handheld devices, and door entry systems depending on the type of device. The door entry system is projected to lead the market by the end of 2025. It provides improved visual quality and also includes functions such as keyless control and operating functions. Handheld devices are projected to grow at a substantial rate over the forecast period. These devices are broadly used in restaurants, hotels, and service centers. Moreover, these devices are equipped with microphones that have the noise-canceling ability and produce digital sound. All these key features are expected to boost market growth. 

Access Control Insights

Access controls are comprised of password access, wireless access, proximity cards, and fingerprint readers. The password access segment is anticipated to hold the largest share in the overall market. Password access offers better security; it includes encryption and decryption of data wherein the approved fingerprint is necessary. Wireless access is integrated with a private cloud system that prevents unauthorized access to internet networking. These systems are used in the home automation, surveillance, and security sector. Wireless access controls provide high connectivity through Wi-Fi services. 

System Insights

The market is divided into wireless and wired devices depending on the system. In 2018, the wired systems segment led the market with the highest share. This growth is attributed to its high convenience and easy installation. Wireless devices are available at affordable prices and also provide secured access control. These systems are featured with a smart lock, audiovisual surveillance, keyless entry, and motion detection. Additionally, this system can be navigated through touchscreen monitors with easy operation. 

Technology Insights

The technology segment is comprised of IP-based and analog technologies. The IP-based system is anticipated to propel at the highest CAGR during the forecasted period. These devices are easy to install and available at low costs. IP-based devices include CCTV cameras, SIP phones, and video recorders.  This technology provides high-quality video regardless of other receiving devices. Analog devices are not recommended for duplex-type communication. These key benefits are expected to positively impact the market growth. 

End-Use Insights

End-use segments include commercial, residential, government, automotive, and others. Intercom devices are widely used for security and protection from intruders in the residential sector. The devices are interconnected with access control and CCTV cameras with the help of IP terminals. This equipment comes with customized solutions to ensure safety and security applications.     

In the automotive sector intercom devices helps to track and communicate through door stations. This system is equipped with an IP camera, IP touchscreens, microphone & speakers, and A/V communication systems. 

Regional Insights

In 2018, North America accounted for the largest revenue share in the overall market. It is anticipated to continue its dominance over the next few years, owing to the growing number of smart cities initiatives across Canada and the U.S. Furthermore, rapid growth in the commercial and residential sector is projected to surge the market growth. Asia Pacific is anticipated to register the fastest CAGR from 2019 to 2025. Growing demand for organization's security & safety is boosting the demand for intercom devices in countries such as China and India.

Impact of COVID-19

COVID-19 crisis has interrupted the supply chain and manufacturing activities of all electronics devices. However, the long-term prospect for the market is expected to remain positive. Several video devices manufacturing companies have restarted their production.

Amid coronavirus pandemic, government institutions are adapting to video intercom devices as they offer enhanced collaborative experience and help to make faster decisions. Additionally, automotive companies are emphasizing automating manufacturing processes. This is expected to increase the need for video intercom devices to enhance communication & collaborative abilities.

Video Intercom Devices Market Share Insights

Leading players in the market include Alpha Communications; Dahua Technology Co., Ltd.; Aiphone Co., Ltd.; Comelit Group S.P.A.; Legrand; Honeywell International Inc.; Godrej.Com; Samsung; and Siedle & Sohne OHG.

Manufacturers engage in new strategic acquisitions and partnerships to increase their presence across the globe. In addition, these companies engage in new product launches, R&D activities to expand their product portfolio.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global video intercom devices market report on the basis of device type, access control, system, technology, end-use, and region: 

• Device Type Outlook (Revenue, USD Billion, 2014 - 2025)
    • Door Entry Systems
    • Handheld Devices
    • Video Baby Monitors

• Access Control Outlook (Revenue, USD Billion, 2014 - 2025)
    • Fingerprint Readers
    • Password Access
    • Proximity Cards
    • Wireless Access

• System Outlook (Revenue, USD Billion, 2014 - 2025)
    • Wired
    • Wireless

• Technology Outlook (Revenue, USD Billion, 2014 - 2025)
    • Analog
    • IP-based

• End-Use Outlook (Revenue, USD Billion, 2014 - 2025)
    • Automotive
    • Commercial
    • Government
    • Residential
    • Others

• Regional Outlook (Revenue, USD Billion, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • the Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa (MEA)