The global intercom devices market size is anticipated to expand at a CAGR of 9.2% during the forecast period from 2018 to 2025. Rising concerns regarding global safety & security are expected to boost the usage of IP based audio and video intercoms
Development of the video surveillance, safety & security, smart buildings, and home automation sectors are expected to drive the intercom devices market demand in the future. Implementation of IP based technologies, utilization of IoT & cloud-based services, and wireless communication systems are expected to offer lucrative growth prospects in the global intercom devices industry.
In 2017, IP-based intercom systems accounted for over 60% share of the global intercom devices market. IP based intercom devices have been gaining tremendous popularity among consumers. These intercoms devices offer better flexibility especially in commercial and government applications such as educational institutions, airports, healthcare centers.
Central security management works efficiently with the help of these systems. Furthermore, they enable better communication between various master and door stations, devoid of any distance limitations. Due to the diverse functionality of these IP based products, it is constructively used in security systems installed across various commercial, industrial, and residential sectors. As a consequence, it is expected to encourage the demand for IP-based video and audio intercoms in the near future.
Development of smart residential homes in countries including the U.S., China, India, and the UK, is anticipated to provide ample scope for the growth of the smart intercom system market by the end of 2025. North America was the largest market for intercom devices in 2017. The rise in the construction of smart homes in this region has significantly increased, with the government, as well as consumers, spending significantly on safety & security products. In Europe, the market is likely to be driven by the numerous service providers that plan to launch or expand their smart home initiatives with support from large marketing campaigns in the upcoming years.
Asia Pacific is expected to witness the fastest growth over the forecast period. Increasing number of initiatives for the development of “smart cities” in the region is expected to augment the demand for intercom systems over the next few years.
Industry players are actively developing intercom devices by incorporating the latest software technologies and upgrading hardware. Furthermore, they are promoting their product offerings via various distribution and marketing channels such as social media, online portals, and trade exhibitions.
The vendor landscape of the global intercom device market is fragmented due to the presence of several local players. Companies such as Aiphone Corporation, LEGRAND SA, Commax Co. Ltd, Nidac Security Pty. Ltd., Easygates, LLC, and Hangzhou Hikvision Digital Technology Company Limited have a broader presence within the global market.
Key segments of the global intercom devices market
Product Overview, 2014-2025 (Million Units) (USD Million)
Technology Overview, 2014-2025 (Million Units) (USD Million)
Distribution Channel Overview, 2014-2025 (Million Units) (USD Million)
Regional Overview, 2014-2025 (Million Units) (USD Million)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa