The “Video Intercom Devices and Equipment Market“ Report provides comprehensive information on the top of market owners, their annual transactions, the stability of their actions and the strategies used to attract the activity. Video Intercom Devices and Equipment Market report also highlights some of the rules and regulations that have been established by the governing bodies of some countries that can stimulate and restrict commercial activities in certain parts of the world. The information includes the company profile, annual turnover, the types of products and services they provide, income generation, which provide direction to businesses to take important steps.
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Video Intercom Devices and Equipment Market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The video intercom devices and equipment market is expected to grow at a CAGR of 2.29%, over the forecast period (2018 – 2023). The regions considered in the scope of the report include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The evolving technological developments, such as increase in implementation of building automation and change in customer perspective on traditional intercom systems are accountable for the shift to portable video intercom devices or video door phones. The diversity of applications for video intercom devices and equipment has been the main driving force for growth of the video intercom devices and equipment market; added security and comfort are some of the attractive features of video intercom devices. While commercial, residential and industrial applications forecast positive growth for the video intercom devices and equipment market, government applications are expected to show slow progress due to the austerity acts being forced for cost-cutting. The high initial investment required for setting up sophisticated equipment along with high maintenance costs compared to the traditional audio intercom systems, tend to recede the growth of the video intercom devices and equipment market.
Rise in Residential and Commercial Buildings will drive the Market Growth
In the recent years, there has been a surge in the construction of residential and commercial buildings, across the globe, owing to the public demand for secure and luxurious homes. Security is always a concern for the people living in large homes, and general intercom devices do not provide satisfactory service. Surveillance in public and commercial places as well as residential buildings is a priority, in order to protect the premises from theft or other dangers; this drives the video surveillance systems market, positively. Furthermore, the developments in technology, such as building automation, are expected to drive the market for video intercom devices that can be used as a central controller to the entire mainframe of the building. Combination of building automation and video surveillance and intercom devices is expected to hold a high significance in the future, in residential as well as commercial applications.
Automobiles to generate Significant Demand for Video Intercom Devices
Video equipment in automobiles has multiple applications, with rear-view cameras and monitors being the most common applications, among other applications like inter-vehicular communication. IP intercom devices also help in locating other vehicles, in case they are connected to the same network. IP video intercom devices are multi-functional and can be operated from within and outside a network as well. Video intercom systems have a large number of applications in military vehicles. Furthermore, with the advent of ADAS (Advanced Driver Assistance Systems), automobiles will increasingly install video surveillance equipment. There is a huge potential for application of video surveillance and intercom systems in the automobile sector, which is expected to drive the market, positively.
APAC to account for a Major Share
The Asia-Pacific video intercom devices market is expected to receive a huge boost with the rise in number of residential and commercial establishments in the region. Huge rise in number of gated communities with 24/7 security with video surveillance and automated door handling systems integrated, is driving the growth of the market in the region. The Ministry of Public Administration and Security in Korea indicates that the Korean government plans to integrate CCTV in 230 cities according to security, disaster, traffic, and anti-vandalism issues. The government is spending about 171.5 million pounds for integration and installation of these security systems. According to this plan, approximately 2.85 million security cameras will be installed, thereby creating a new potential video surveillance market in Korea. Also, with the increasing commercial and residential buildings in South Korea, the country is expected to significantly contribute to the major share of the region. Furthermore, the introduction of low-priced Chinese audio intercom devices is pushing manufacturers all over the world to support more video intercom devices, in order to cope up with the fierce competition posed by the Chinese products, thus supporting market growth.
Key Developments in the Market
â¢ December 2017 – Aiphone Corporation introduced the second generation of IP video intercoms with the release of the IX Series. Its features include video identification, emergency call queuing, ONVIF video streaming, and paging. The system can remotely unlock doors or broadcast information quickly to multiple stations using either the standard master station or the new IX Series mobile device application.
Major Players: HONEYWELL SECURITY GROUP, SAMSUNG GROUP, COMELIT GROUP S.P.A, SIEDLE USA, ZICOM ELECTRONIC SECURITY SYSTEMS, CHRISTY INDUSTRIES, INC., LEGRAND SA, ALPHA COMMUNICATIONS, PANASONIC CORPORATION, SWANN SECURITY, AIPHONE CORPORATION, COMMEND INTERNATIONAL GMBH, ENTRYVUE USA INC., GODREJ INDUSTRIES LIMITED, FERMAX , OPTEX (EUROPE) LTD., SERIOUS SECURITY PTY LTD., SMARTWARES SECURITY, SVAT ELECTRONICS AND VANTAGE SECURITY, amongst others.
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Video Intercom Devices and Equipment Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Video Intercom Devices and Equipment Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
- To define, describe, and analyze the Video Intercom Devices and Equipment market on the basis of product type, application, and region
- To forecast and analyze the size of the Video Intercom Devices and Equipment market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
- To forecast and analyze the Video Intercom Devices and Equipment market at country-level in each region
- To strategically analyze each submarket with respect to individual growth trends and its contribution to the Video Intercom Devices and Equipment market
- To analyze opportunities in the Video Intercom Devices and Equipment market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in Video Intercom Devices and Equipment market report:
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Video Intercom Devices and Equipment Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in Video Intercom Devices and Equipment trade
Marketing Channel Development Trend
Video Intercom Devices and Equipment Market Positioning
Distributors/Traders List enclosed in Positioning Video Intercom Devices and Equipment Market
Video Intercom Devices and Equipment Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leaders revenue forecasts till 2024. In conclusion, Video Intercom Devices and Equipment Market 2019 report presents the descriptive analysis of the Video Intercom Devices and Equipment Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Video Intercom Devices and Equipment Market competitors.
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