Asia Pacific IP Intercom Market Size, Share & Industry Trends Analysis Report By Type (Visible and Invisible), By Application (Commercial, Government, Industrial, Residential), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific IP Intercom Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
IP intercoms utilize organizational principles known as protocols to convey voice and visual data. The Session Initiation Protocol, or SIP, is one of the most commonly used protocols for video and audio transmission. As a result, IP intercoms are also known as SIP intercoms. This connection lasts as long as the resident wishes. IP intercoms usually work with existing network infrastructure. To avoid network connectivity concerns, it is recommended to directly connect the IP intercom to the internet. The interface sends a mixed message to the door station if the owner wants to unlock the door for their visitor. The door is electronically unlocked by the door station.
In the last few decades, technological innovations have been critical in reshaping the communication environment. Wireless devices are rapidly growing popular across the world as they reduce the need for physical labor, such as excavating, and help to save money on equipment and labor. The wireless intercom market's overall prospects have been enhanced by advancements in audio and video technologies over the last few years. Moreover, throughout the forecast period, the increased usage of the Internet of Things (IoT) is likely to drive demand for wireless intercoms.
The development of the urban inhabitants in developing economies is expected to boost the demand for robust communication and security solutions. The need for electronic security has been bolstered by rising disposable incomes and rising prosperity. Additionally, the Indian market is primarily driven by an increase in the demand for apartments with built-in security systems, such as wireless intercoms. The Asia-Pacific region is the greatest producer of video intercom equipment, with China and Japan topping the pack. In comparison to Japan, China generates a significant number of video intercom devices at a low cost.
The China market dominated the Asia Pacific IP Intercom Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $308.4 Million by 2028. The Japan market is anticipated to grow at a CAGR of 7.8% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 9.1% during (2022 - 2028).
Based on Type, the market is segmented into Visible and Invisible. Based on Application, the market is segmented into Commercial, Government, Industrial, Residential, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Corporation, Legrand S.A., Tata Consultancy Services Ltd., Canon, Inc., TOA Corporation, Fermax Electrónica, S.A.U., Commend International GmbH, Comelit Group S.p.A., Aiphone Co., Ltd., and Barix AG.
Scope of the Study
Market Segments Covered in the Report:
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Panasonic Corporation
- Legrand S.A.
- Tata Consultancy Services Ltd.
- Canon, Inc.
- TOA Corporation
- Fermax Electrónica, S.A.U.
- Commend International GmbH
- Comelit Group S.p.A.
- Aiphone Co., Ltd.
- Barix AG
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