Intercom Devices Market
Intercom Devices Market Forecasts to 2030 - Global Analysis By System Type (Wireless and Wired), Device Type (Handheld Devices, Door Entry Systems and Video Baby Monitors), Component, Material,Power Supply, Access Control, Keypad, Installation, Distribution Channel, Technology, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $25.08 BN |
|
Projected Year Value (2030) |
US $69.20 BN |
|
CAGR (2023 - 2030) |
15.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Intercom Devices Market is accounted for $25.08 billion in 2023 and is expected to reach $69.20 billion by 2030 growing at a CAGR of 15.6% during the forecast period. Intercom devices are communication systems designed for real-time, two-way communication between individuals in different locations. They play a crucial role in enhancing security, convenience, and control in various settings, including residential, commercial, and industrial environments. With technological advancements, modern intercoms often integrate with smart home systems, enabling features like remote access, automation, and connectivity with other devices. Also, intercom devices provide effective and secure communication solutions, contributing to improved safety and efficiency in diverse applications.
According to Purple Sec LLC, in 2018 mobile malware variants for mobile have increased by 54% 2018, out of which 98% of mobile malware target Android devices.
Market Dynamics:
Driver:
Rapid urbanization
As urban areas expand globally, the demand for efficient communication systems escalates, necessitating the deployment of intercom devices in residential and commercial complexes. These devices play a crucial role in enhancing security, managing access control, and facilitating seamless communication in densely populated urban environments. Moreover, the integration of intercom systems into the infrastructure of modern buildings aligns with the evolving needs of urban dwellers, making them an essential component in the urbanisation-driven demand for sophisticated and interconnected communication solutions.
Restraint:
Integration challenges
Retrofitting or incorporating advanced intercom systems into existing infrastructures can be complex, leading to compatibility issues with legacy systems. This complexity not only hinders seamless integration but also adds costs and time to implementation. Businesses and residential users may face difficulties achieving optimal functionality when integrating diverse communication technologies, impacting the widespread adoption of sophisticated intercom solutions.
Opportunity:
Increasing adoption of smart home technologies
Intercom systems integrated into smart home ecosystems offer users seamless control over communication and security. As smart homes become more prevalent, intercom devices play a crucial role in providing access control, video communication, and connectivity through centralised platforms. The opportunity lies in creating interoperable and user-friendly intercom solutions that align with the convenience and automation preferences of consumers, contributing to the overall growth and relevance of the intercom device market in the expanding landscape of smart and connected homes.
Threat:
Consumer privacy concerns
The incorporation of advanced features, such as video surveillance and biometric recognition, raises concerns about the security of sensitive data. Users may feel uncomfortable with the idea of constant surveillance, raising questions about the balance between security and individual privacy. Also, concerns arise when intercom systems are connected to cloud services or third-party platforms. Users may be uneasy if they perceive a lack of control over their data or if consent mechanisms are not transparent. As a result, there is a hindering effect on market demand.
Covid-19 Impact
The COVID-19 pandemic is causing supply chain disruptions, delayed installations in commercial spaces, and a shift towards contactless and remote communication solutions. Lockdowns and economic uncertainties led to project delays, particularly in the commercial sector, while remote work trends increased the demand for home office communication systems. The focus on hygiene and safety accelerated the adoption of touchless intercom solutions. The pandemic reshaped the market, emphasising the importance of adaptability, security, and remote accessibility in intercom device solutions.
The wireless segment is expected to be the largest during the forecast period
The wireless segment is estimated to hold the largest share. Wireless intercom devices utilise radio frequency or Wi-Fi technology, providing flexibility and ease of installation in various environments. Offering enhanced mobility, these devices are widely adopted in both residential and commercial settings, enabling seamless communication without the constraints of wired connections. In addition, these devices reflect the market's responsiveness to the demand for convenient, adaptable, and technologically advanced intercom solutions, contributing significantly to the overall growth and evolution of the intercom device market.
The IP-based segment is expected to have the highest CAGR during the forecast period
The IP-based segment is anticipated to have lucrative growth during the forecast period. Utilising IP technology, these intercom devices facilitate communication through data networks, enabling features such as remote access, video intercom, and integration with other IP-enabled systems. This segment reflects the industry's transition towards advanced and scalable solutions, offering enhanced functionalities and interoperability. Moreover, IP-based intercoms cater to diverse applications in commercial and residential settings, aligning with the growing trend of smart and interconnected technologies and contributing to the market's growth.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period due to rapid urbanisation, industrialization, and advancements in communication technologies. Key players focus on introducing technologically advanced and integrated intercom solutions to cater to diverse applications, from residential complexes to industrial facilities. Moreover, government initiatives emphasising smart city development also contribute to the increasing adoption of intercom devices, positioning the Asia-Pacific market as a dynamic and significant player in the global intercom industry.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period, owing to the growing adoption of smart home technology and products. Intercom systems find diverse applications in the region, ranging from residential complexes and single-family homes to large-scale commercial and industrial facilities. Key players continually invest in research and development, introducing wireless communication technologies, touchless systems, and integration with other smart devices to enhance functionality and the user experience. Furthermore, increasing awareness among consumers about the benefits of intercom systems contributes to market growth.
Key players in the market
Some of the key players in the Intercom Devices Market include SAMSUNG ELECTRONICS CO., LTD, Schneider Intercom GmbH, Panasonic Holdings Corporation, ABB, Honeywell International Inc., Aiphone Corporation, Siedle, Hangzhou Hikvision Digital Technology Co., Ltd, URMET S.p.A, Godrej & Boyce Manufacturing Company Limited, Zicom, Alpha Communications, Axis Communications AB, COMELIT S.p.A, Gira, TOA Corporation, Dahua Technology Co., Ltd, Xiamen Leelen Technology Co.,Ltd, Legrand Group and Hager Group.
Key Developments:
In May 2023, Hikvision announced releasing new video intercoms to upgrade entrance security. This exciting new compact surface-mount villa door station will provide users with a unique experience for door access with state-of-the-art technology. It supports access card and facial authentication and can support up to 20,000 contacts with built-in storage and processing.
In January 2023, Dahua Technologies Co., Ltd. announced the launch of EACH series - a 2-wire hybrid video intercom system for villas. The new EACH series redefines extensibility and accessibility, convenience, and HD video in the 2-Wire video intercom system.
System Types Covered:
• Wireless
• Wired
Device Types Covered:
• Handheld Devices
• Door Entry Systems
• Video Baby Monitors
Components Covered:
• Software
• Hardware
• Services
Materials Covered:
• Stainless Steel
• Aluminium
• Plastic
• Tempered Glass
• Other Materials
Power Supplies Covered:
• Less than 20 W
• More than 20 W
Access Controls Covered:
• Fingerprint Readers
• Cards
• Proximity Cards
• Face Recognition
• Password Access
• Other Access Controls
Keypads Covered:
• Touch Pad
• Mechanical Button
Installations Covered:
• Surface
• Flush
Distribution Channels Covered:
• Online
• Offline
Technologies Covered:
• IP Based
• Analog
Applications Covered:
• Outdoor
• Indoor
End Users Covered:
• Residential
• Commercial
• Industries
• Government
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic allianceS
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Intercom Devices Market, By System Type
5.1 Introduction
5.2 Wireless
5.3 Wired
6 Global Intercom Devices Market, By Device Type
6.1 Introduction
6.2 Handheld Devices
6.3 Door Entry Systems
6.4 Video Baby Monitors
7 Global Intercom Devices Market, By Component
7.1 Introduction
7.2 Software
7.3 Hardware
7.4 Services
8 Global Intercom Devices Market, By Material
8.1 Introduction
8.2 Stainless Steel
8.3 Aluminium
8.4 Plastic
8.5 Tempered Glass
8.6 Other Materials
9 Global Intercom Devices Market, By Power Supply
9.1 Introduction
9.2 Less than 20 W
9.3 More than 20 W
10 Global Intercom Devices Market, By Access Control
10.1 Introduction
10.2 Fingerprint Readers
10.3 Cards
10.4 Proximity Cards
10.5 Face Recognition
10.6 Password Access
10.7 Other Access Controls
11 Global Intercom Devices Market, By Keypad
11.1 Introduction
11.2 Touch Pad
11.3 Mechanical Button
12 Global Intercom Devices Market, By Installation
12.1 Introduction
12.2 Surface
12.3 Flush
13 Global Intercom Devices Market, By Distribution Channel
13.1 Introduction
13.2 Online
13.3 Offline
14 Global Intercom Devices Market, By Technology
14.1 Introduction
14.2 IP Based
14.3 Analog
15 Global Intercom Devices Market, By Application
15.1 Introduction
15.2 Outdoor
15.3 Indoor
16 Global Intercom Devices Market, By End User
16.1 Introduction
16.2 Residential
16.3 Commercial
16.4 Industries
16.5 Government
16.6 Other End Users
17 Global Intercom Devices Market, By Geography
17.1 Introduction
17.2 North America
17.2.1 US
17.2.2 Canada
17.2.3 Mexico
17.3 Europe
17.3.1 Germany
17.3.2 UK
17.3.3 Italy
17.3.4 France
17.3.5 Spain
17.3.6 Rest of Europe
17.4 Asia Pacific
17.4.1 Japan
17.4.2 China
17.4.3 India
17.4.4 Australia
17.4.5 New Zealand
17.4.6 South Korea
17.4.7 Rest of Asia Pacific
17.5 South America
17.5.1 Argentina
17.5.2 Brazil
17.5.3 Chile
17.5.4 Rest of South America
17.6 Middle East & Africa
17.6.1 Saudi Arabia
17.6.2 UAE
17.6.3 Qatar
17.6.4 South Africa
17.6.5 Rest of Middle East & Africa
18 Key Developments
18.1 Agreements, Partnerships, Collaborations and Joint Ventures
18.2 Acquisitions & Mergers
18.3 New Product Launch
18.4 Expansions
18.5 Other Key Strategies
19 Company Profiling
19.1 SAMSUNG ELECTRONICS CO., LTD
19.2 Schneider Intercom GmbH
19.3 Panasonic Holdings Corporation
19.4 ABB
19.5 Honeywell International Inc.
19.6 Aiphone Corporation
19.7 Siedle
19.8 Hangzhou Hikvision Digital Technology Co., Ltd
19.9 URMET S.p.A
19.10 Godrej & Boyce Manufacturing Company Limited
19.11 Zicom
19.12 Alpha Communications
19.13 Axis Communications AB
19.14 COMELIT S.p.A
19.15 Gira
19.16 TOA Corporation
19.17 Dahua Technology Co., Ltd
19.18 Xiamen Leelen Technology Co.,Ltd
19.19 Legrand Group
19.20 Hager Group
List of Tables
1 Global Intercom Devices Market Outlook, By Region (2021-2030) ($MN)
2 Global Intercom Devices Market Outlook, By System Type (2021-2030) ($MN)
3 Global Intercom Devices Market Outlook, By Wireless (2021-2030) ($MN)
4 Global Intercom Devices Market Outlook, By Wired (2021-2030) ($MN)
5 Global Intercom Devices Market Outlook, By Device Type (2021-2030) ($MN)
6 Global Intercom Devices Market Outlook, By Handheld Devices (2021-2030) ($MN)
7 Global Intercom Devices Market Outlook, By Door Entry Systems (2021-2030) ($MN)
8 Global Intercom Devices Market Outlook, By Video Baby Monitors (2021-2030) ($MN)
9 Global Intercom Devices Market Outlook, By Component (2021-2030) ($MN)
10 Global Intercom Devices Market Outlook, By Software (2021-2030) ($MN)
11 Global Intercom Devices Market Outlook, By Hardware (2021-2030) ($MN)
12 Global Intercom Devices Market Outlook, By Services (2021-2030) ($MN)
13 Global Intercom Devices Market Outlook, By Material (2021-2030) ($MN)
14 Global Intercom Devices Market Outlook, By Stainless Steel (2021-2030) ($MN)
15 Global Intercom Devices Market Outlook, By Aluminium (2021-2030) ($MN)
16 Global Intercom Devices Market Outlook, By Plastic (2021-2030) ($MN)
17 Global Intercom Devices Market Outlook, By Tempered Glass (2021-2030) ($MN)
18 Global Intercom Devices Market Outlook, By Other Materials (2021-2030) ($MN)
19 Global Intercom Devices Market Outlook, By Power Supply (2021-2030) ($MN)
20 Global Intercom Devices Market Outlook, By Less than 20 W (2021-2030) ($MN)
21 Global Intercom Devices Market Outlook, By More than 20 W (2021-2030) ($MN)
22 Global Intercom Devices Market Outlook, By Access Control (2021-2030) ($MN)
23 Global Intercom Devices Market Outlook, By Fingerprint Readers (2021-2030) ($MN)
24 Global Intercom Devices Market Outlook, By Cards (2021-2030) ($MN)
25 Global Intercom Devices Market Outlook, By Proximity Cards (2021-2030) ($MN)
26 Global Intercom Devices Market Outlook, By Face Recognition (2021-2030) ($MN)
27 Global Intercom Devices Market Outlook, By Password Access (2021-2030) ($MN)
28 Global Intercom Devices Market Outlook, By Other Access Controls (2021-2030) ($MN)
29 Global Intercom Devices Market Outlook, By Keypad (2021-2030) ($MN)
30 Global Intercom Devices Market Outlook, By Touch Pad (2021-2030) ($MN)
31 Global Intercom Devices Market Outlook, By Mechanical Button (2021-2030) ($MN)
32 Global Intercom Devices Market Outlook, By Installation (2021-2030) ($MN)
33 Global Intercom Devices Market Outlook, By Surface (2021-2030) ($MN)
34 Global Intercom Devices Market Outlook, By Flush (2021-2030) ($MN)
35 Global Intercom Devices Market Outlook, By Distribution Channel (2021-2030) ($MN)
36 Global Intercom Devices Market Outlook, By Online (2021-2030) ($MN)
37 Global Intercom Devices Market Outlook, By Offline (2021-2030) ($MN)
38 Global Intercom Devices Market Outlook, By Technology (2021-2030) ($MN)
39 Global Intercom Devices Market Outlook, By IP Based (2021-2030) ($MN)
40 Global Intercom Devices Market Outlook, By Analog (2021-2030) ($MN)
41 Global Intercom Devices Market Outlook, By Application (2021-2030) ($MN)
42 Global Intercom Devices Market Outlook, By Outdoor (2021-2030) ($MN)
43 Global Intercom Devices Market Outlook, By Indoor (2021-2030) ($MN)
44 Global Intercom Devices Market Outlook, By End User (2021-2030) ($MN)
45 Global Intercom Devices Market Outlook, By Residential (2021-2030) ($MN)
46 Global Intercom Devices Market Outlook, By Commercial (2021-2030) ($MN)
47 Global Intercom Devices Market Outlook, By Industries (2021-2030) ($MN)
48 Global Intercom Devices Market Outlook, By Government (2021-2030) ($MN)
49 Global Intercom Devices Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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