Video Intercom Devices Market

Video Intercom Device Market: APEJ Regional Market Expected to Increase 4.7X in Terms of Value Between 2017 and 2027: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)

  • 2017-08-22
  • REP-GB-1000
  • 337 pages
  • PDF PPT EXCEL
 Video Intercom Devices Market

An Incisive, In-depth Analysis on the Video Intercom Devices Market

This study offers a comprehensive, 360 degree analysis on the Video Intercom Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Video Intercom Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Video Intercom Device Market: Introduction

Video intercom device has emerged as an advancement which is revolutionizing the premise and home security industry, throughout the globe. Homeowners, nowadays have a major concern regarding security while buying their homes, and prefer to go for homes with security systems at entrances and premise. Video intercom device present a solution to homeowners’ security concerns. Video intercom device, as considered under the scope of the report, is adopted across various industries in order to provide enhanced security features to the end-users, in residential, commercial, and industrial sectors. Besides, technological developments and substantial availability and usage of smart devices with reference to security are other factors impelling the growth of the global video intercom device market, in terms of value. The global video intercom device market is estimated to be valued at US$ 14,114.4 Mn by the end of 2016, and is expected to expand in the coming years at a CAGR of 13.1% in terms of value during the forecast period. The global video intercom device market is expected to represent a high incremental opportunity between 2017 and 2027.

Some of the critical inclinations powering the overall video intercom device market include shift from analog- to IP-based video intercom device, decrease in the overall cost of installation of video intercom device, and connected communication through smart video intercom device. Major driving factors for the video intercom device market comprise security of family personnel and property, baby monitoring in parenting, communication with visitors, and check on trespassing, among others. Video intercom device, apart from solving communication purposes between residents and visitor, also enables user to give a digitalized option of automatically unlocking the door, even if the user is not physically present at the premise. This additional feature integrated with video intercom device is expected to attract new customers, which in turn is expected to drive the growth of the video intercom device market over the forecast period.

Organizations also prefer advanced solutions with better features to improve security of their premise, and thus are increasingly adopting video intercom devices. Commercial spaces are also adopting video intercom device technologies, with an intention to improve their security features, to enhance the overall customer experience, thus driving the growth of the video intercom device market. Video intercom device nowadays is not restricted only to homes, offices, and shopping malls, but is gaining admiration from the local commercial spaces as well. Furthermore, adoption of advanced technologies, transitioning consumer spending behaviour for security, and increasing economic growth of the developing economies is driving the overall video intercom device market.

Video Intercom Device Market: Segmental Analysis

On the basis of product, the global video intercom device market can be segmented into baby monitoring system, handheld device, and door/entrance system. The door/entrance system segment is expected to account for a sizable share of the overall video intercom device market in 2017, and is expected to foresee higher growth over the forecast period. One of the important factors for such a drift in the video intercom device market is the increasing number of theft and robbery cases. Handheld devices sub-segment is also expected to foresee considerably high adoption, and is expected to follow the door/entrance system sub-segment in the video intercom device market. Such high growth rates are primarily driven by the transformation in the surging crime rates and high concerns of consumers for their family’s and property’s security.

On the basis of technology, the market for video intercom devices can be segmented into IP-based, and analog-based video intercom device. On the basis of vertical, the global video intercom device market can be segmented into government, residential, commercial, and manufacturing/industrial. The growth of the video intercom device market is predominantly driven by the residential vertical, followed by government. Apart from serving communication needs, video intercom devices are offering various additional features such as better IP-based networking, multi-site communication and mobile video app for door intercom, which are attracting new buyers towards video intercom device system. Such developments in reference to the residential and commercial verticals are impacting the overall video intercom device market in a positive manner.

Video Intercom Device Market: Regional Analysis

On the basis of geography, the video intercom device market is segmented across North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA. The North America Video Intercom Device market holds a major value share in the global video intercom device market and is likely to maintain its dominance during the forecast period. The video intercom device market in the region is projected to represent a significant incremental opportunity between 2017 and 2027. The video intercom device market in North America is pre-dominantly organized, and the residential sector contributes majorly in the revenue generation. North America is expected to be followed by Eastern Europe in the global video intercom device market, in terms of revenue generation. Smart video intercom devices are gradually replacing the front door deadbolt locks in residential projects and offices in the European countries.

Manufacturers and suppliers of security systems in Europe are offering smart security systems such as video intercom device that are compatible with smart home ecosystem and can enable customers to receive alerts about entry and exist in the premises, even when the owner is not available at home. The sales of video intercom device in Eastern Europe market is projected to represent a total incremental opportunity of US$ 5,453.7 Mn, while the Japan video intercom device market is also expected to witness considerable growth. Owing to the advantages associated with video intercom device, and a demand for an enhanced customer experience, a high traction of video intercom device is expected during the forecast period, especially in developing countries such as India, China, etc. The APEJ region is expected to present attractive opportunities for video intercom device manufacturers during the forecast period, and is estimated to expand at a significant CAGR in terms of value.

Video Intercom Device Market: Competitive Analysis

The vendors in the video intercom device market are now focusing on introducing advanced technologies to enhance customer experience in the retail sector. With emergence of technology and increasing competitive pressure, vendors are innovating video intercom device such as Panasonic Video Door security solution- VL – V590. Easy accessibility and user friendly devices are aiding in growth of the Video Intercom Device market. Examples of some of the video intercom device market vendors in this study include Panasonic Corporation, Honeywell Security, LEGRAND, Godrej Industries Limited, Zicom, Zenitel, Aiphone Corporation, Comelit Group S.P.A., Dahua Technologies Co. Ltd., and Hangzhou Hikvision Digital Technology Co. Ltd.

Vendors are continuously innovating their video intercom devices to penetrate in the technology influenced market. In April 2017, Panasonic Corporation India, which is a subsidiary of Panasonic Corporation launched VL-V590 and VL-V900. These Video Intercom Device provide a multi-door Video Intercom Device system with an electrical lock system, which offers better surveillance and security solutions to the customers. Companies are also focussing on partnerships in the global Video Intercom Device market. Panasonic Corporation has partnered within various events in order to enhance its market share in the overall Video Intercom Device market. In August 2016, Panasonic Corporation served as the official partner of Olympics which was held in Brazil. Honeywell International Inc., in March 2016 acquired RSI Video Technologies, which is a South Africa-based manufacturer of video security & surveillance systems, in order to enhance its product offerings in the video intercom device market. Godrej Group is also focussing on increasing its presence in APAC, MEA and South America markets by acquiring local players in the video intercom device market.

Video Intercom Device Market

Report Synopsis

Future Market Insights (FMI) offers a 10-year forecast for the global video intercom device market between 2017 and 2027. In terms of value, the video intercom device market is expected to register a high CAGR during the forecast period. This study demonstrates the video intercom device market dynamics and trends globally across seven regions, namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA, which influences the current nature and future status of the video intercom device market over the forecast period.

Report Description

The report provides a detailed analysis of the video intercom device market and offers insights about the various factors driving the popularity of video intercom device and its features. The report includes an extensive analysis of key drivers, restraints, trends and market structure. The video intercom device market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the video intercom device market based on product, technology, and verticals across different regions globally.

The video intercom device market is expected to witness substantial revenue growth during the forecast period owing to the emergence of smart homes and the increasing demand for security devices for residential and commercial use. Video intercom device has major application in the residential segment moving towards the advancements in home automation, which drives the demand for residential security. Safeguarding family and valuables are the key concerning factors for an individual, owing to which the demand for home security products such as video intercom device is growing at a rapid pace. Also, increasing number theft and robbery cases are pushing consumers to install video intercom device for security at premises. Thus, there is increasing demand for reliable door security options such as video intercom devices at individual’s premise, which is positively impacting the growth of the video intercom device market during the forecast period.

The report starts with an overview of the video intercom device market in terms of value. In addition, this section includes an analysis of the key trends, drivers and restraints from the supply, demand and economy side, which are influencing the video intercom device market.

On the basis of product, the video intercom device market is segmented into baby monitoring system, handheld device, and door/entrance system.

On the basis of the technology, the video intercom device market is segmented into IP- and analog-based.

On the basis of vertical, the video intercom device market is segmented into government, residential, commercial, and manufacturing/industrial.

A detailed analysis has been provided for every segment in terms of market size analysis for the video intercom device market across different regions. This section provides a detailed analysis that covers the key trends.

The next section consists of a detailed analysis of the video intercom device market across various countries in the region. It provides a market outlook for 2017–2027 and sets the forecast within the context of the video intercom device market, to include the latest technological developments as well as offerings in the video intercom device market. This study discusses the key trends within countries that contribute to the growth of the video intercom device market as well as analyses degrees at which drivers are influencing the video intercom device market in each region. The key regions and countries assessed in this report include North America (the U.S. and Canada), Latin America (Brazil, Mexico and the Rest of Latin America), Western Europe (Germany , France, UK, Italy, Spain, Benelux, Nordic and the Rest of Western Europe), Eastern Europe (Russia, Poland and Rest of Eastern Europe), APEJ (India, China, Australia & New Zealand, ASEAN and the Rest of APAC), Japan, and MEA (GCC Countries, Turkey, South Africa, North Africa and the Rest of MEA). This report evaluates the present scenario and the growth prospects of the video intercom device market across various regions globally for the period 2017 – 2027. We have considered 2016 as the base year and provided data for the remaining 12 months.

Research Methodology

To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the video intercom device market will grow in the future. Given the characteristics of the video intercom device market, we have triangulated the outcome of different types of analysis based on the technology trends.

As previously highlighted, the global video intercom device market is categorized into a number of segments. All the segments in terms of product, technology, vertical and different regions are analysed in terms of basis points to understand an individual segment’s relative contribution to the growth of the video intercom device market. This detailed information is important for the identification of various key trends of the global video intercom device market.

In addition, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global video intercom device market.

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the video intercom device portfolio and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the video intercom device supply chain and the potential players for the same. The report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and their success in the video intercom device marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the video intercom device market. The key competitors covered in the global video intercom device market include Panasonic Corporation, Honeywell Security, LEGRAND, Godrej Industries Limited, Zicom, Zenitel, Aiphone Corporation, Comelit Group S.P.A., Dahua Technologies Co. Ltd., and Hangzhou Hikvision Digital Technology Co. Ltd.

Key Segments Covered

  • Product

  • Baby Monitoring System

  • Handheld Device

  • Door/Entrance System

  • Technology

  • IP-based

  • Analog-based

  • Vertical

  • Government

  • Residential

  • Commercial

  • Manufacturing/Industrial

Key Regions Covered

  • North America Video Intercom Device market

    • U.S.

    • Canada

  • Latin America Video Intercom Device market

    • Brazil

    • Mexico

    • Rest of Latin America

  • Western Europe Video Intercom Device market

    • Germany

    • France

    • U.K.

    • Spain

    • Italy

    • Benelux

    • Nordic

    • Rest of Western Europe

  • Eastern Europe Video Intercom Device market

    • Russia

    • Poland

    • Rest of Eastern Europe

  • APEJ Video Intercom Device market

    • China

    • India

    • Australia & New Zealand

    • ASEAN

    • Rest of APAC

  • Japan Video Intercom Device market

  • MEA Video Intercom Device Market

    • GCC Countries

    • Turkey

    • South Africa

    • North Africa

    • Rest of MEA

Key Players in the Video Intercom Device Market

  • Panasonic Corporation

  • Honeywell Security

  • LEGRAND

  • Godrej Industries Limited

  • Zicom

  • Zenitel

  • Aiphone Corporation

  • Comelit Group S.P.A.

  • Dahua Technologies Co. Ltd.

  • Hangzhou Hikvision Digital Technology Co. Ltd.

Video Intercom Devices Market Reports - Table of Contents

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