In a recently published report, Kenneth Research has updated the market report for Global Video Intercom Devices and Equipment Market for 2021 till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
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 Global Video Intercom Devices and Equipment Market products.
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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 projected to touch USD 6 million by 2023.
An intercom system is a two-way communication electronic device that contains circuitry for the purpose of transmitting and receiving audio and/or video transmissions. A video intercom is a stand-alone intercom system that typically has a unit that has a camera, speaker, and a push-button that goes at an entrance door, and an internal monitor unit that can communicate with the entrance unit. Some systems can have multiple video monitors internally. Given the difficulty of sending video over the airwaves at very much distance without interference, most available units are wired. It is also called video door-phone or video door entry. The main feature of this system is that it enables the person indoors to identify the visitor and, if (and only if) they wish, engage in conversation and/or open the door to allow access to the person calling.
The target customers for the video intercom devices and equipment industry include individuals and companies from residential, commercial, educational, recreational, industrial and government sectors.
Market Dynamics and Opportunities
The global market for video intercom devices and equipment is estimated to grow at a promising CAGR of about 7%. The need for video intercom accessories in residential and commercial buildings is the market driver for this particular market. Increasing automation and the change in direction of customers towards the portable video intercom devices are accountable for the shift from audio to video door phones or video intercom devices. The introduction of low-priced Chinese intercom devices makes the market competitive, thus backing the market growth. But now, with the advent of cellular communication, digital telephone systems, and other communication devices, the use of intercoms has relatively declined. However, there are still lots of applications where these devices still work better than anything else. Latest trends in market include digital travel, the evolution of eco-tourism and the rise of adventure tourism.
The market is segmented in terms of the type of device and the type of access control. Based on device type, the global video intercom devices and equipment market is broadly categorized into door entry systems, video baby monitors and handheld devices. Further on the basis of access control, the video intercom devices and equipment market is divided into proximity cards, fingerprint readers, password access and Bluetooth control. As mentioned earlier, the equipment includes both outside and indoor elements: an outdoor panel on the outside, an electronic lock release and an indoor monitor.
The global video intercom devices and equipment market is dominated by North America (the U.S., Canada and Mexico) which has the largest geographical share in this market. Europe stands at number two and then comes Asia Pacific. The welcoming and positive attitude of the West towards new technological advancements play an important role and so the market share is significantly high in America and Europe. APAC is also now witnessing the same attitude and growth.
Some of the major players operating in the global video intercom devices and equipment market include MOX, COMMAX, Samsung, Zicom, Aurine Technology, Leelen Technology, 2N, Kocom, Urmet, Guangdong Anjubao, Nippotec, Fujiang QSA, Jacques Technologies, etc.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of the Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market Dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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