Video Intercom Devices Market Estimated To Reach USD 4.77 Billion By 2023

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Rapidly spreading adoption of Video Intercom Devices for monitoring and building automation systems set to fuel the video intercom devices market; the Market is estimated to reach $4.77 Billion by 2023.

According to the latest analysis “Video Intercom Devices and Equipment Market: By Device (Door Entry, Handheld, Baby Monitor), By Access Control (Proximity Cards, Bluetooth Control and others), By Application (Commercial, Residential and others) & By Geography – Forecast (2017 – 2022)” Published by IndustryARC, the market to reach $4.77 Billion by 2023

Browse 03 Market Tables, 42 Figures spread through 221 Pages and an in-depth TOC on “Video Intercom Devices Market (2017 – 2022)” – http://industryarc.com/Report/1287/video-intercom-devices-equipment-market.html

According to a recent study from IndustryARC, the video intercom devices market is forecast to reach $4.77 billion by 2023 and is estimated to grow at a CAGR of 8.35%. The growth in the video intercom devices is primarily attributed to the increasing demand for the building automation in the residential and commercial sectors.

Video intercom devices market is majorly dominated by the residential application and with an estimated share of 65% in 2015. Further, the non-residential video intercom devices market is analyzed to be a dominated by industrial warehouses, hotels, hospitals & retail sector with a share of 35% in 2015.However, commercial segment is set to witness the rapid growth of 12.03% during 2017-2023 owing to the increasing number of commercial buildings in APAC region which has been continuously promoting the opportunities of these devices. This is also set to be assisted by the increasing demand for advanced security systems especially in the developing economies and increasing urban population.

Americas is the largest market of video intercom devices market globally with a revenue share of around 41% in 2016 owing to the presence of key players and continual innovation in products as per the customer requirements and adoption of automated systems in the recent years. In the Americas region, U.S. is projected to witness the highest growth of CAGR 11.59% by value during 2017-2023 owing to the increasing aging population and rise in the deployment of home automation systems

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The Major Players in this Market Include

  • Honeywell International, Inc.

  • Aiphone Corporation

  • Panasonic Corporation

  • Comelit Group S.p.A.

  • Commend International GmbH

  • Fermax Electronica S.A.U.

  • Samsung Electronics Co. Ltd.

The video intercom devices manufacturers have utilized product launches, acquisitions, and collaborations to enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in the emerging markets.

The Video intercom devices market study across diverse applications, devices and system type areincorporated in the report:

  • Application

    • Residential

    • Commercial

  • Devices

    • Outdoor Stations

    • Main-Monitoring Stations

    • Sub-Monitoring Stations

  • System

    • Wired System

    • Wireless System

The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.

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