Video Intercom Devices Market Size & Growth Analysis to 2030

Key Insights:

• The market size was valued at ~ US$ 24 Bn in 2023 and experiencing a growth rate of over 13% by 2030
• By device type, the doo entry systems dominated the market in 2023 and growing at the same trend over the forecast period
• Geographically, North America held the largest revenue share of around 1/3 market share in the benchmark year 2023

The global video intercom devices market size was valued at around USD 24 billion in 2023 and anticipated to register a robust CAGR of over 13% over the forecast period from 2024 to 2030. The market is propelled by a confluence of factors that cater to the evolving security and technological needs of modern societies. Security concerns are paramount, with increasing incidents of theft and unauthorized access driving the demand for robust access control solutions in residential, commercial, and industrial environments. The rise of smart home technology is a significant driver, as consumers seek to integrate video intercoms with home automation systems for enhanced convenience and security. Technological advancements, including high-definition video, wireless connectivity, and AI-driven features like facial recognition and motion detection, are making these systems more sophisticated and user-friendly. Additionally, rapid urbanization and the development of smart cities are spurring the adoption of video intercom systems to manage and monitor access in high-density areas. In the commercial sector, these devices are increasingly used for efficient communication and security in offices, factories, and retail spaces.

Market Snapshot:

To know more about the research study, request sample papers

Market Trends:

Integration with Smart Home Systems: The increasing popularity of smart home ecosystems is driving the integration of video intercom devices with home automation systems. Consumers are looking for unified solutions that allow them to control and monitor various aspects of their home security from a single interface, often through smartphones or voice assistants like Amazon Alexa and Google Assistant. This integration enhances the functionality of video intercoms, making them more convenient and appealing to tech-savvy users.

Advancements in AI and Machine Learning: Artificial Intelligence (AI) and Machine Learning (ML) are transforming video intercom technologies by introducing advanced features such as facial recognition, motion detection, and behavioral analysis. These capabilities enable more proactive and intelligent security measures, such as alerting users to unfamiliar faces or unusual activities. AI-powered video intercoms are also improving user experience by automating routine tasks and providing more accurate and faster responses.

Shift Towards Wireless and Cloud-Based Solutions: There is a growing preference for wireless and cloud-based video intercom systems, which offer greater flexibility and ease of installation compared to traditional wired systems. Cloud-based solutions also provide enhanced features like remote access, real-time notifications, and seamless updates, making them more suitable for modern, connected lifestyles. This shift is particularly pronounced in the residential sector, where homeowners seek hassle-free and scalable security solutions.

Focus on User Experience and Design: Manufacturers are placing a greater emphasis on the user experience and design of video intercom devices. Sleek, modern aesthetics and intuitive interfaces are becoming crucial factors in consumer choice. Additionally, the inclusion of touchscreen displays, high-definition video, and responsive controls enhances the usability and attractiveness of these systems. Companies are also focusing on making these devices more accessible and user-friendly, catering to a broader demographic.

Increasing Adoption in Multi-Unit Residences and Commercial Buildings: The demand for video intercom systems is rising in multi-unit residential buildings (such as apartments and condominiums) and commercial properties. These environments require efficient access control and communication solutions to manage the flow of residents, visitors, and personnel. Video intercoms provide a secure and convenient way to screen and grant access, making them essential in these settings. The trend towards multi-functionality, where video intercoms also serve as communication hubs, is gaining traction.

Market Opportunities:

The global video intercom devices market is ripe with opportunities driven by the convergence of technological advancements, evolving consumer preferences, and the global push for enhanced security and smart living solutions. The integration of AI and machine learning in video intercom systems offers opportunities to develop sophisticated features like facial recognition and behavior analytics, catering to the growing demand for intelligent and proactive security measures. The expanding smart home market presents a significant opportunity for video intercoms to become central components in home automation systems, offering seamless integration and control via mobile apps and voice assistants. Emerging markets, particularly in Asia-Pacific and Latin America, provide vast growth prospects as urbanization and disposable incomes rise, leading to increased investments in residential and commercial security solutions. The shift towards wireless and cloud-based intercom systems opens avenues for providers to offer flexible, scalable, and cost-effective solutions that meet the needs of modern consumers and businesses.

Market Restraints:

Despite the growth potential, the global video intercom devices market faces several significant restraints that could hinder its expansion. High initial costs and complex installation requirements, particularly for advanced systems with AI and IoT capabilities, can be prohibitive for some consumers and small businesses, limiting widespread adoption. Privacy and data security concerns are increasingly significant, as users become more wary of potential breaches and the misuse of surveillance footage, which could deter the adoption of connected intercom systems. Additionally, technical integration issues pose challenges, as seamlessly incorporating video intercoms into existing smart home and security infrastructures can be complex and costly. The market also faces maintenance and durability concerns, especially in harsh weather conditions, which can affect the longevity and reliability of outdoor units, leading to higher operational costs. Regulatory and compliance hurdles add another layer of complexity, with varying regional standards and data protection laws requiring substantial efforts from manufacturers to ensure compliance, potentially slowing down market entry and product rollouts.

Market Insights:

The global video intercom devices market is bifurcated into device type, access control, connectivity, technology, end-use, and geography. On the basis of device type, the market is further segmented into door entry systems, handheld devices, and video baby monitors. The door entry systems stand out as the dominant segment with the market share of over 40% in the benchmark year 2023. This dominance is driven by their widespread use in both residential and commercial settings for secure access control and monitoring. Door entry systems are essential in managing the flow of people into buildings, providing a crucial layer of security by allowing visual and audio verification of visitors before granting access. Their adoption is particularly high in urban areas and multi-unit residential buildings, such as apartments and condominiums, where managing access to common areas is a priority. In commercial and industrial environments, these systems are indispensable for safeguarding sensitive areas, monitoring entrances, and ensuring only authorized personnel gain entry. The integration of advanced features, such as facial recognition, mobile app connectivity, and seamless interaction with smart home ecosystems, enhances their functionality and appeal, making them a preferred choice for both new installations and upgrades.

Moreover, the rapid growth of smart cities and the increasing emphasis on security and automation are further cementing the dominance of door entry systems. As urbanization intensifies globally, the demand for efficient and effective security solutions rises correspondingly. This segment is also benefitting from technological advancements that make these systems more user-friendly, reliable, and integrated with broader building management systems. The ability to remotely manage and monitor these systems via smartphones and other connected devices adds to their convenience and effectiveness, driving higher adoption rates. Additionally, the trend towards modernizing infrastructure and retrofitting existing buildings with advanced security systems provides sustained growth opportunities for door entry systems, reinforcing their leading position in the video intercom devices market.

The video intercom devices market research report presents the analysis of each segment from 2020 to 2030 considering 2023 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2024 to 2030.

Historical & Forecast Period

• 2020-22 – Historical Year
• 2023 – Base Year
• 2024-2030 – Forecast Period

Market Segmentation:

By Device Type:

• Door Entry Systems
• Handheld Devices
• Video Baby Monitors

By Access Control:

• Fingerprint Readers
• Password Access
• Proximity Cards
• Wireless Access

By Connectivity:

• Wired
• Wireless

By Technology:

• Analog
• IP-based

By End-Use:

• Automotive
• Commercial
• Government
• Residential
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, North America emerges as the dominant region in the global video intercom devices market with the market share of around 1/3 market in 2023. This dominance is fueled by several factors, including the region’s advanced technological infrastructure, high levels of urbanization, and strong consumer demand for smart security solutions. North America, particularly the United States and Canada, has a well-established market for home automation and security systems, where video intercoms play a crucial role. Consumers in this region are early adopters of new technologies, driven by a desire for convenience, enhanced security, and integration of smart home ecosystems. Additionally, the commercial and industrial sectors in North America heavily invest in advanced security systems to protect assets and manage access, further bolstering the demand for video intercom devices.

Moreover, North America’s dominance is reinforced by the presence of major players and innovators in the video intercom market. Companies headquartered in the U.S. and Canada, such as Honeywell International, Inc., and Aiphone Corporation, lead in developing and deploying cutting-edge intercom technologies. These firms continuously innovate to meet the growing demand for high-resolution video, wireless connectivity, and AI-powered features like facial recognition and real-time analytics. The region also benefits from robust economic conditions and significant investments in smart city projects, which drive the adoption of advanced security solutions across urban environments. As cities evolve to incorporate more connected and automated infrastructure, the integration of video intercom systems becomes essential, solidifying North America’s position as the leading market for these technologies.

Competitive Assessment

Some of the leading market players operating in the global video intercom devices market are Aiphone Corporation, Alpha Communications, Comelit Group S.p.A., Dahua Technology USA Inc., and Fermax Electronica S.A.U. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Recent Developments:

• In November 2023, Samsung Electronics unveiled its latest series of video intercom devices, featuring 4K resolution cameras and AI-powered facial recognition. These state-of-the-art systems are engineered to integrate seamlessly with Samsung’s smart home ecosystem, delivering enhanced security and user-friendly access control. This launch highlights Samsung’s commitment to pushing the boundaries of home security technology, catering to the evolving needs of homeowners seeking sophisticated and dependable solutions for managing home access.
• Similarly, in July 2023, Fermax Electronica S.A.U. launched a new range of IP-based video intercom systems tailored for high-rise residential buildings. These systems boast HD video capabilities and are designed to work with various smart home platforms, providing residents with superior security and convenience. This introduction reflects Fermax’s dedication to innovating in the realm of urban living solutions, meeting the increasing demand for advanced communication and access control technologies in densely populated urban settings.

Key Companies:

• Aiphone Corporation
• Alpha Communications
• Comelit Group S.p.A.
• Dahua Technology USA Inc.
• Fermax Electronica S.A.U.
• Honeywell International Inc.
• Legrand
• Panasonic Holdings Corporation
• SAMSUNG
• Siedle
• 2N TELEKOMUNIKACE a.s.

Key Questions Answered by Video Intercom Devices Market Report

• Global video intercom devices market forecasts from 2024-2030
• Regional market forecasts from 2024-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2024-2030 covering 15 major countries from the regions as mentioned above
• Video intercom devices submarket forecasts from 2024-2030 covering the market by device type, access control, connectivity, technology, end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level video intercom devices markets from 2024-2030
• Competitive Landscape and market positioning of top 10 players operating in the market