The Mexico Video Intercom Devices Market size is estimated to surpass $205.1 million mark by 2026 growing at an estimated CAGR of more than 10.7% during the forecast period 2021 to 2026. Video intercom device are those which enable visitors to be viewed before they are addressed. These devices are provided with both indoor and outdoor elements. The outdoor panel is installed beside the entrance door with different elements such as keyless entry system, wireless intercom doorbell and door access control systems which can work in any climatic condition. The indoor element is provided with an electronic lock release. Video intercom devices are provided with a micro camera adapted foe night vision to capture the image of the visitor. They are also attached with audio visual equipment such as microphones to pick up and respond to the visitor. This is projected to propel the Mexico Video Intercom Devices market.
- Modern video intercom devices are taking advantage of mobile apps. When any visitor drop or press the intercom button the message is forwarded to the authorized person’s mobile phone ensuring that responding the visitors is quick and easy through this wireless intercom system.
- The video intercom devices are now available with a cloud technology which can record and store the data and also available with the user interface. The recorded information is easy to browse from anywhere using the mobile phone. The integration of cloud based camera in video interface devices particularly in wireless intercom doorbells will also help to adjust the range of the camera and direction using a mobile device.
- The launch of new video intercom device is provided with the advanced features such as built-in Bluetooth 4.2 module and audio visual systems such as 100W Class D audio amplifier to provide an all-in-one solution to audio streaming and powerful music amplification. With the latest Bluetooth technology the user will be able to enjoy further streaming distances with less power usage.
Mexico Video Intercom Devices Market Segment Analysis – By System
Wireless systems are analysed to hold highest market share at 61.2%. Wireless systems include WI-FI, Bluetooth and others. The continuous efforts by government and the major companies for the development of smart homes and the significant deployment of these door access control system technologies in smart homes is set to impact on the market growth rate. In October 2019, Smart forest city has been announced by Stefano Boeri Architette. This adoption of smart city technology in markets across the world including Mexico will be a major driver of adoption of wireless intercom systems. The market is driven by the growing concern about home security and surge in demand of IP integrated video intercom devices as well as keyless entry systems for applications such as retail, commercial, and residential buildings. These factors are certainty set to contribute to the market growth rate.
Mexico Video Intercom Devices Market Segment Analysis – By Technology
Residential is analysed to be the dominant sector holding highest market share in 2020 and is projected to grow at 12.5% CAGR through 2026. This is majorly attributed to the growing theft rates in the country. In 2019, there has been significant crime rate in Mexico, hence the dire need to deploy the video intercom as well as other wireless intercom systems and door access control systems is set to contribute to the growth of the market. Also the Burglars are less likely to target homes with extra security measures. Hence the trend towards the adoption of better security such as video intercoms for residential sectors alongside the significant development of smart homes is set to escalate the market growth rate during the forecast period 2021-2026.
Mexico Video Intercom Devices Market Drivers
Rising Home Security device demand
Owing to the massive growth in the Internet of Things (IoT) possibilities and the fact that North America has been leveraging other advanced technologies to improve the quality of life, home security systems & solutions market is making strides in the region. Moreover, the real estate sector in the region provides holistic services to the customers that encompass home security systems & solutions including Video Intercom devices, keyless entry system, wireless intercom systems and door access control systems. Home security systems & solutions entail a gamut of facilities that range from motion detectors, alarm systems, video intercom devices and camera systems to access control. These systems are incorporated in homes for a myriad of reasons that include protection from burglary, fire incidents, and other aspects pertaining to the safety and security of occupants. This is driving the video intercom device demand.
Smart Homes driving adoption of Video Intercom Devices
Owing to the regular rise in disposable income and perpetual urbanization in developed and developing countries, the luxury called smart homes is gaining encouraging prominence. Apparently, these smart homes are inculcated with all-inclusive home security systems & solutions that include everything include fingerprint sensors for locks, gas detectors for safety, wireless intercom system, door access control system, keyless entry and video intercom systems. For that matter, the facility of security systems is one of the main reasons attributed to people’s predilection for the smart homes. This creates a major marketplace for the vendors in video intercom devices.
Mexico Video Intercom Devices Market Challenges
High Cost of Video Intercom Devices
The high cost of the video intercom devices is acting as a challenge to the video intercom market in the Mexican market. As the country is a developing economy, the minimal efforts towards the implementation of the high cost security techniques is analysed to hinder the adoption of the high tech intercoms. As the high resolution sensors and other equipment deployed in these systems bear high cost, the overall cost of these systems is high.
Mexico Video Intercom Devices Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Video Intercom Devices Market. Aiphone Corporation, Zenitel, LeGrand, Axis Communications, Panasonic Corporation, Samsung Electronics Co. Ltd., Dahua Technology Co. Ltd, and Honeywell International are considered to be the key players of the Mexico Video Intercom Devices Market.
In July 2020 Dahua Technology announced the launch of five new IP camera kits, a HDCVI camera kit, and a video intercom kit. These kits are designed to simplify installation by providing an out-of-the-box solution of compatible devices
In April 2019, Hikvision, the world’s leading provider of innovative video surveillance products and solutions had showcased a whole new range of vertical specific solutions, including specialized applications, intelligent traffic management solution.