The video intercom devices and equipment market size are estimated to expand at a considerable CAGR during the forecast period, 2021−2028. The growth of market is attributed to increasing demand of the video intercom devices and equipment.
The video intercom devices are the devices, which usage video or audio system at the entrance of the building and door for the security purpose. When the visitor at the door request for access, the intercom sends video and audio footage to the resident. This way a resident confirms who is requesting to access before opening door. The various applications of a video intercom devices and equipment have added comfort and security in commercial, industrial, and residential applications.
The Covid-19 pandemic affected the demand and supply of the video devices and equipment market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines and used of infusion pump in the Covid-19 treatment is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- The video intercom is the important devices of communication and security in the public and private domain. The increasing concern about home security and increasing crime rate is estimated to drive the market.
- Growing advanced technology in the video intercom devices such as edge-based video surveillance offering high resolution image at low cost is projected to drive the market.
- Various government initiatives towards the developments of smart cities are expected to drive the video intercom devices and equipment market during the forecast period.
- Factors such as mismanaged basic network security, high initial and maintenance cost of the video intercom devices are hindering the market growth during the forecast period.
- The rapid urbanization and increasing demand for smart homes is expected to fuel the market during the forecast period.
Scope of the Report
The report on the video intercom devices and equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Video Intercom Devices and equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Technologies (Analog and IP based), End users (Commercial, Residential, Government, and Industrial)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Legrand Holding, Inc; Panasonic Corporation; AIPHONE Co Ltd.; Honeywell International Inc.; Samsung Electronics Co. Ltd
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Market Segment Insights
The IP based segment is expected to grow at a rapid pace
Based on technologies, the video intercom devices and equipment market are bifurcated into analog and IP based. The IP based segment is expected to grow at a rapid pace during the forecast period as it sends the live images and videos through the IP address. This gives high security in the home or other purpose.
The residential segment is projected to expand at a considerable CAGR
On the basis of end users, the video intercom devices and equipment market are segmented into commercial, residential, government, and industrial. The residential segment is projected to expand at a considerable CAGR during the forecast period due to its high security purpose in the residential buildings. The devices contain IP video intercom terminal and monitored control stations integrated with CCTV and access control system. This equipment has made to provide high security and safety in the apartment, housing society. On the other hand, the industrial segment is anticipated to constitute a key market share because they are used in the automotive industries and it allow user to conveniently communicate with the door stations.
North America is anticipated to constitute a key market share
In terms of regions, the video intercom devices and equipment market are classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share during the forecast period due to increasing technology in the security sector and strong home automation technology. The North America has an organized and residential sector is major source of income generation.
Segments
Segments Covered in the Report
The video intercom devices and equipment market has been segmented on the basis of
Technologies
End users
- Commercial
- Residential
- Government
- Industrial
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Legrand Holding
- Inc; Panasonic Corporation
- AIPHONE Co Ltd.
- Honeywell International Inc.
- Samsung Electronics Co. Ltd
Competitive Landscape
Some of the key market players competing in the video intercom devices and equipment market are Legrand Holding, Inc; Panasonic Corporation; AIPHONE Co Ltd.; Honeywell International Inc.; Samsung Electronics Co. Ltd.
These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.
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