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Video Intercom Devices Market Trends

  • Report ID: GMI9892
  • Published Date: Jun 2024
  • Report Format: PDF

Video Intercom Devices Market Trends

A notable trend in the market for video intercom devices is their integration with larger smart home ecosystems. Consumers seek all-inclusive security solutions that work well with other smart devices such as door locks, cameras, and home automation systems. This integration improves convenience and control by enabling users to monitor and control their home security through a single interface, typically a smartphone app. For instance, in January 2023, Ring released its intelligent video intercoms, which are integrated with Google Assistant and Amazon Alexa. With the ability to provide voice-controlled access and monitoring, this advancement makes linked home security systems more convenient for tech-savvy homeowners.
 

Another key trend in the video intercom devices industry is the incorporation of AI and Machine Learning (ML) technologies. These advancements enable smarter and more efficient security solutions such as facial recognition, behavior analysis, and predictive analytics. AI-powered intercoms can identify known visitors, detect unusual activities, and alert homeowners in real time, significantly enhancing security. For instance, in October 2023, Hikvision launched AI-integrated video intercoms capable of distinguishing between humans and pets, reducing false alarms, and providing more accurate surveillance, thus driving market growth and consumer interest in cutting-edge security technologies.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for video intercom devices was valued at USD 23.62 billion in 2023 and is anticipated to grow at over 13% CAGR between 2024 and 2032 owing to the rising use of smart home technology and increased security concerns.

The commercial segment in the video intercom devices market will witness over 14% CAGR between 2024 and 2032 as they offer features that may be customized to meet unique business requirements.

North America market accounted for over 33% share in 2023 due to growing safety concerns and increased usage of smart homes.

Aiphone Corporation, Comelit Group S.p.A., Fermax Electronica S.A.U., Honeywell International Inc., Panasonic Corporation, Ring (an Amazon company), and Samsung Electronics.

Video Intercom Devices Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 305
  • Countries covered: 21
  • Pages: 210
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