Video Intercom Devices Market Size, Share & Trends Analysis Report By Access Control (Password, Wireless), By Device Type (Door Entry Systems, Handheld Devices), By End Use, By System, By Technology, And Segment Forecasts, 2019 - 2025

Report Overview

The global video intercom devices market size was valued at USD 17.82 billion in 2018 and is anticipated to expand at a CAGR of 12.8% from 2019 to 2025. Increasing demand for these devices in the security and surveillance sector is expected to propel the market growth over the forecast period. Video intercom equipment are widely installed as audiovisual communication systems at the entry-exit points of offices, societies, and buildings, among others.

These appliances transmit the audio and visual information of a visitor to the loudspeakers, telephones, walkie-talkie, etc., which are accessed by the user. Rapid urbanization in various economies is expected to create lucrative growth opportunities for the market participants. Increased building automation is driving the adoption of video intercom appliances in residential and commercial buildings.

Moreover, growing popularity of smart homes is expected to create lucrative opportunities for the market. In addition, various government initiatives toward the development of smart cities are expected to drive the market further. Introduction of advanced security audiovisual systems that provide a higher level of security to residential buildings and offices is also contributing to the market growth.

On the other hand, high initial investments and maintenance costs incurred by the audiovisual appliances are expected to hinder the market growth. Furthermore, the signals arising from the appliances, such as audio and visual communication systems, are interrupted due to the overlapping of frequencies. This is also expected to act as a challenge to the growth of the market.

Device Type Insights

On the basis of device type, the market is segmented into door entry systems, handheld devices, and video baby monitors. The door entry systems segment is expected to generate maximum revenue over the forecast period. These systems offer enhanced audio and visual quality and include various functions, such as keyless access control, audiovisual function, and flexible operating options, for connecting to IP networks. The handheld devices segment is also expected to witness a significant growth over the forecast period as these devices are widely used in hotels, restaurants, service centers, retail stores, etc. Handheld systems allow easy and clear communication between rooms of a hotel and home. Moreover, they feature digital sounds and noise-canceling microphones to avoid overlapping of frequencies, which is expected to create growth opportunities for the segment.

Access Control Insights

On the basis of access control, the market is segmented into fingerprint readers, password access, proximity cards, and wireless access. Password access is expected to dominate the market owing to benefits, such as high security, convenience, and easy access. Password access involves the encryption of data, which can be decrypted by entering the authorized fingerprint or keyword password. Wireless access control servers are integrated with a virtual private cloud network that prevents unauthorized requests from gaining access to the internal network. These servers are widely used in surveillance, home automation, smart buildings, and safety & security sectors. Access control wireless audiovisual intercom system allows two-way communication with the visitor. These instruments offer various benefits, such as storing the images of visitors and high connectivity using Wi-Fi.

System Insights

On the basis of the system, the market is segmented into wired and wireless systems. In 2018, the wired segment led the market owing to various benefits of these systems, such as ease of installation and convenient communication. Furthermore, wired appliances are easy to integrate with the existing systems. Wireless devices are affordable and offer secure access control to users. Their features include motion detection with audiovisual surveillance, smart lock integration, audiovisual storage at zero additional cloud charges, and keyless entry using built-in touchscreen keypad. Wireless video intercom systems offer benefits, such as system expansion, easy operation, and flexible layouts.

Technology Insights

On the basis of technology, the market is segmented into analog and IP-based technologies. IP-based systems are projected to be witness the fastest CAGR due to their wide usage as a result of advancements, in terms of technologies and features. These appliances offer various benefits, such as easy installation, low initial investment, and low infrastructure costs. Network video recorders, SIP phones, and CCTV cameras are some of the IP-based video intercom devices. These systems provide high video quality regardless of the number of receiving devices; thereby driving the segment growth. Analogue equipment are not suitable for duplex communication. Visual signal and data network signal disruption acts as a challenge to the segment growth.

End Use Insights

On the basis of end use, the market is segmented into automotive, commercial, government, residential, and other industries. The products are widely used in residential buildings as they provide protection against intruders. The instrument feature IP video intercom terminals and monitor stations that are integrated with CCTV and access control systems. These equipment have been customized for private housing, housing estates, and apartments to ensure maximum security and safety.

The video intercom tools are widely used in the automotive industry as they allow users to conveniently communicate with door stations. These systems include various features, such as built-in IP camera, compatible IP touchscreen, audiovisual communication systems, and discrete speaker & microphone. Increasing number of deployments of audiovisual functionality in automobile manufacturing is expected to drive the segment over the forecast period.

Regional Insights

North America led the global video intercom devices market, in terms of revenue share, in 2018. It is expected to retain its leading position throughout the forecast years on account of smart cities initiatives in economies, such as U.S. and Canada. The introduction of initiatives, such as smart buildings and smart transportation, is also expected to create growth opportunities for the regional market. Rapid growth of the residential and commercial sector in the region is further expected to fuel the market over the forecast period. APAC regional market is projected to register the highest CAGR over the forecast period. Increasing disposable income levels in developing countries, such as India and China, are expected to boost the regional market.

Key Companies & Market Share Insights

The key companies in the market include Aiphone Co., Ltd.; Alpha Communications; Comelit Group S.P.A.; Dahua Technology Co., Ltd.; Godrej.Com; Honeywell International Inc.; Legrand; Panasonic Corporation; Samsung; and Siedle & Sohne OHG. These companies are focusing on strategic partnerships and acquisitions to boost their market shares. Furthermore, companies are also investing in the research and development activities, new product development, and product portfolio expansion to offer cost-effective and reliable video intercom equipment.

Video Intercom Devices Market Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research 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 Million, 2014 - 2025)

  • Door Entry Systems

  • Handheld Devices

  • Video Baby Monitors

• Access Control Outlook (Revenue, USD Million, 2014 - 2025)

  • Fingerprint Readers

  • Password Access

  • Proximity Cards

  • Wireless Access

• System Outlook (Revenue, USD Million, 2014 - 2025)

  • Wired

  • Wireless

• Technology Outlook (Revenue, USD Million, 2014 - 2025)

  • Analog

  • IP-based

• End Use Outlook (Revenue, USD Million, 2014 - 2025)

  • Automotive

  • Commercial

  • Government

  • Residential

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa