Global Video Intercom Devices Market size and share is currently valued at USD 24.72 billion in 2022 and is anticipated to generate an estimated revenue of USD 76.78 Billion By 2032 , according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 13.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
The video intercom devices market has emerged as a critical component of modern security and communication systems. These devices, which enable audio-visual communication between users at different locations, are widely adopted in residential, commercial, and industrial settings. They provide a robust solution for enhancing security, streamlining access control, and improving convenience in managing entry points.
With advancements in technology, video intercom systems now offer features such as high-definition video, mobile app integration, facial recognition, and cloud-based storage, making them more versatile and efficient. As concerns over security and automation continue to rise, the demand for video intercom devices is poised for sustained growth.
Market’s Growth Drivers
The expansion of the video intercom devices market is driven by several key factors:
Increasing Security Concerns
The rising incidence of crimes and unauthorized access in residential and commercial spaces has heightened the demand for advanced security systems. Video intercom devices serve as a reliable first line of defense, enabling users to visually verify visitors before granting access.
Urbanization and Smart City Initiatives
The rapid growth of urban areas and the development of smart cities have created a need for integrated security and communication solutions. Video intercom systems, equipped with IoT capabilities, align perfectly with the objectives of smart city projects by enhancing safety and convenience.
Growth in Multifamily Housing
The increasing adoption of multifamily housing, such as apartments and gated communities, has driven the need for centralized access control systems. Video intercom devices are widely used in such settings to manage visitor access and ensure the safety of residents.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
Some of the major players:
- Aiphone Corporation
- Alpha Communications
- Comelit Group
- Dahua Technology
- Godrej.com
- Honeywell International
- Legrand
- Panasonic Holdings Corporation
- SAMSUNG
- Siedle
- 2N TELEKOMUNIKACE
Recent Developments in the Video Intercom Devices Market
- Aiphone Corporation Launches IX Series Kit (June 2023)
Aiphone Corporation introduced its IX Series kit in June 2023, offering a preprogrammed and preassembled video intercom system. Packaged as a ready-to-install solution, this kit simplifies deployment and enhances user convenience, making advanced video intercom technology more accessible to a broader audience. - 2N Introduces Adaptive Face Zooming Technology (June 2023)
2N unveiled an innovative adaptive Face Zooming technology for its video intercom systems in June 2023. This cutting-edge feature enhances security by improving the ease with which business owners and users can identify visitors, setting a new benchmark in user-friendly intercom functionality. - Dahua Technologies Debuts EACH Series for Villas (January 2023)
In January 2023, Dahua Technologies launched the EACH series, a hybrid video intercom system tailored for villas. Operating on a 2-wire configuration, this series combines expandability, ease of use, and high-definition video, redefining convenience and performance standards in the realm of villa-specific video intercom solutions.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Video Intercom Devices Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Video Intercom Devices Market, Device Type Outlook (Revenue – USD Billion, 2019-2032)
- Door Entry Systems
- Handheld Devices
- Video Baby Monitors
- Others
Video Intercom Devices Market, Access Control Outlook (Revenue – USD Billion, 2019-2032)
- Fingerprint Readers
- Password Access
- Proximity Cards
- Wireless Access
Video Intercom Devices Market, End Use Outlook (Revenue – USD Billion, 2019-2032)
- Automotive
- Commercial
- Government
- Residential
- Others
The video intercom devices market is experiencing robust growth, driven by increasing security concerns, technological advancements, and the proliferation of smart home and smart city projects. As the demand for efficient and integrated security solutions rises, video intercom devices are set to play a pivotal role in shaping the future of access control and communication systems. With ongoing innovations and expanding applications, the market is poised to redefine how we secure and manage our spaces.