Video Intercom Devices and Equipment Market Size, Share, 2022 Movements By Key Findings, Covid-19 Impact Analysis, Progression Status, Revenue Expectation to 2031 Research Report

Kenneth Research, in its repository of market research reports, have recently added a report on Video Intercom Devices and Equipment Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Video Intercom Devices and Equipment Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Video Intercom Devices and Equipment Market products.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Video Intercom Devices and Equipment Market is valued approximately USD 20 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.9% over the forecast period 2020-2026. Video intercom device has emerged as an advancement which is revolutionizing the premise and home security industry, throughout the globe. These devices and equipment are intercom devices that use a video method and are a stand-alone intercom system utilized to operate calls made at the door to a building with access control. The assortment of applications for video intercom devices and equipment have improved security and comfort in commercial, industrial and residential spaces. The main attribute of video intercom devices is to enables the person indoors to recognize the visitor and, if they want, to engage conversation with him then they allow access to the person calling. Rising concerns for home security, Increasing smart cities initiatives and rapid urbanization in developing economies are the few factors responsible for high CAGR of the market over the forecast period.

According to the United Nations Department of Economic and Social Affairs in 2018, it is estimated that 55% of the total world’s population lives in urban area and it expected to rise to 68% by 2050. Also, it is projected the most urbanized region include North America, Latin America and the Caribbean, Europe and Oceanic. This, in turn, is expected to accelerate the demand for video intercom devices and equipment, thus contributing to the growth of the global market. However, the global video intercom devices market is expected to be impacted significantly by COVID-19 as China is one of the major suppliers for the raw materials (used to manufacture devices) as well as the finished products. The industry is on the edge of facing a reduction in production, supply disruption in supply and price fluctuations. Thus, the sales of prominent manufacturers of video intercom devices and equipment pose a major challenge to the market growth in the near future. Whereas, high initial investments and maintenance costs is also the major factors that is limiting the market growth over the forecast period of 2020-2026.

The regional analysis of global Video Intercom Devices and Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high adoption of video intercom devices along with the presence of large number of market players in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the ongoing projects of smart city in the developing countries such as China and India.

Major market player included in this report are:
Aiphone
Panasonic
Honeywell
Entryvue
Legrand
Fermax
Samsung
TCS
Urmet
COMMAX
Aurine Technology

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Door Station
Video Intercom Master
Indoor Units

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By System:
Wired Systems
Wireless Systems

By Component:
Cameras
Sensors
LED/LCD
Others

By Application:
Residential
Public Use
Industrial Use
Government
Healthcare
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Video Intercom Devices and Equipment Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

TABLE OF CONTENTS

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Video Intercom Devices and Equipment Market, by Region, 2018-2026 (USD Billion)
1.2.2. Video Intercom Devices and Equipment Market, by Type, 2018-2026 (USD Billion)
1.2.3. Video Intercom Devices and Equipment Market, by System, 2018-2026 (USD Billion)
1.2.4. Video Intercom Devices and Equipment Market, by Component, 2018-2026 (USD Billion)
1.2.5. Video Intercom Devices and Equipment Market, by Application, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Video Intercom Devices and Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Video Intercom Devices and Equipment Market Dynamics
3.1. Video Intercom Devices and Equipment Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Video Intercom Devices and Equipment Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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