Home > Semiconductors & Electronics > Displays > Video Intercom Devices Market
Based on device type, the market is divided into door entry systems, handheld devices, and video baby monitors. The door entry system segment dominates the market and is expected to reach over 37 billion by 2032.
Based on end use, the market is divided into automotive, commercial, government, residential, and others. The commercial segment is the fastest growing, with a CAGR of over 14% between 2024 and 2032.
North America dominated the global video intercom devices market in 2023, accounting for a share of over 33%. The market for video intercom devices in the U.S. is distinguished by an increasing focus on building and home security solutions. There is a noticeable need for sophisticated video intercom systems due to growing safety concerns and increased usage of smart homes. These systems offer capabilities, such as real-time monitoring through mobile apps and remote access control, and they interface with smart home ecosystems. Technological developments, strict security laws, and a need for integrated, user-friendly solutions that improve residential and commercial property management are some main motivators.
China's market for video intercom devices is growing quickly due to rising security requirements and urbanization trends. The increasing popularity of smart home technologies has increased the demand for integrated security solutions with remote access and monitoring features. Manufacturers are focused on creating cutting-edge systems that serve the home and business markets, utilizing advancements in AI and cloud computing to improve usability and functionality.
Japan's market for video intercom devices stands out due to its emphasis on cutting-edge technology and intricate engineering. Japanese manufacturers take the lead in creating high-definition video intercoms with cutting-edge technologies, such as facial recognition and remote monitoring via mobile apps, with a focus on home and business security. Growing urbanization, strict security regulations, and a culture that prioritizes efficiency and safety in both residential and professional settings are driving the market's expansion.
The market for video intercom devices in South Korea is driven by technological advancements and an advanced consumer electronics environment. Enterprises utilize the country’s robust R&D resources to launch state-of-the-art video intercom systems. These systems include features, such as voice command controls and AI-enhanced security functionalities, and they connect smoothly with smart home ecosystems. Rapid urbanization increased smart technology adoption among consumers, and an emphasis on improving security measures for homes and businesses are driving the market's expansion.