The Asia Pacific Video Intercom Devices Market would witness market growth of 14.2% CAGR during the forecast period (2023-2030).
Video intercom devices assist in secure package delivery by allowing residents or businesses to remotely grant access to delivery personnel, reducing the risk of package theft. Urban planners and municipal authorities increasingly incorporate video intercom devices into public safety initiatives. These devices can be strategically placed in public spaces, transportation hubs, and critical infrastructure to enhance security and emergency response capabilities. Urban areas typically have extensive public transportation networks. The trend of co-working spaces in urban areas has grown, and video intercom systems contribute to access control and security within these shared work environments, ensuring that only authorized individuals have access to the facilities.
Remote work necessitates efficient virtual collaboration and communication tools. Video intercom devices provide a seamless way for remote workers to communicate with colleagues, clients, or visitors at physical office locations, enhancing overall connectivity. Video intercom systems are crucial in access control, allowing remote workers to manage and monitor access to their physical office spaces. Through these devices, employees can remotely grant access to authorized individuals or verify the identity of visitors, contributing to security.
According to the report titled Cities as Engines of Growth, published in 2022 by the Government of India, the population of urban areas in India is projected to have increased approximately fourfold, from 109 million in 1970 to 460 million in 2018. The country is projected to experience an additional 416 million inhabitants in its urban areas by 2050, resulting in a 50 percent urban population share. As per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. As of the end of 2022, 914 million people were living in cities, an increase of 12.05 million from 2021. All these factors will uplift the regional market’s expansion in coming years.
The China market dominated the Asia Pacific Video Intercom Devices Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,558.5 million by 2030. The Japan market is exhibiting a CAGR of 13.5% during (2023 - 2030). Additionally, The India market would experience a CAGR of 14.9% during (2023 - 2030).
Based on System, the market is segmented into Wired, and Wireless. Based on Technology, the market is segmented into IP-based, and Analog. Based on Type, the market is segmented into Door Entry Systems, Handheld Devices, and Others. Based on End-use, the market is segmented into Residential, Commercial, Government, Automotive, and Others. Based on Access Control, the market is segmented into Password Access, Fingerprint Readers, Proximity Cards, and Wireless Access. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Video Intercom Devices Market is Predict to reach $56.5 Billion by 2030, at a CAGR of 13.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aiphone Co., Ltd., Alpha Communications, Comelit Group S.p.A., Zhejiang Dahua Technology Co., Ltd., Axis Communications AB, Honeywell International, Inc., Legrand Group, Panasonic Holdings Corporation, Samsung Electronics Co., Ltd. and S. Siedle & Soehne Telephone and Telegraph Works OHG.
By System
By Technology
By Type
By End-use
By Access Control
By Country
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