Singapore Video Intercom Devices Market (2021-2027) | Revenue, Companies, Trends, Share, Analysis, Industry, Forecast, COVID-19 IMPACT, Growth, Outlook, Size & Value

Singapore Video Intercom Devices Market Synopsis

The Singapore video intercom devices market size is estimated to grow at a CAGR of 8.3% during the forecast period 2021-2027. The rising security concerns among individuals and corporate firms, along with increasing demand for innovative communication technology in residential and commercial establishments are some of the major factors driving the growth of this market in Singapore. In addition, government initiatives such as ???Smart Nation??? have been encouraging investments in safety and surveillance systems, thus boosting the installation rate of video intercoms across various industries. Moreover, technological advancements such as cloud connectivity, access control integration with biometric authentication capabilities will provide further impetus to the industry growth over coming years.

Market Drivers

The primary driver for video intercom device adoption has been increased awareness about home/commercial security solutions among end users due to rising crime rates in Singapore. Furthermore, growing disposable income coupled with robust economic development has led to an increase in spending on advanced integrated technologies by both residential and commercial buildings resulting into increased sales volume of these products from 2020 onwards. In addition , rising trends towards digitization have provided a fillip for companies offering smart home solutions which includes automated lighting system , voice assistance , video doorbell ETC Resulting into higher demand for integrated multi-functional electronic locks that combines traditional keyed lock cylinders together with code entry functionality.This trend is expected to continue throughout forecast period leading towards positive outlook

Market challenges

The primary driver for video intercom device adoption has been increased awareness about home/commercial security solutions among end users due to rising crime rates in Singapore. Furthermore, growing disposable income coupled with robust economic development has led to an increase in spending on advanced integrated technologies by both residential and commercial buildings resulting into increased sales volume of these products from 2020 onwards. In addition , rising trends towards digitization have provided a fillip for companies offering smart home solutions which includes automated lighting system , voice assistance , video doorbell ETC Resulting into higher demand for integrated multi-functional electronic locks that combines traditional keyed lock cylinders together with code entry functionality.This trend is expected to continue throughout forecast period leading towards positive outlook

Key players

The key players in the Singapore Video Intercom Devices market are Bticino, Godrej Security Solutions, Aiphone Corporation, Hikvision Digital Technology Co. Ltd., Siedle & Soehne KG, Panasonic Corporation, Honeywell International Inc., Bosch Security Systems Inc., Commax Co. Ltd., and Vivotek Inc.

Covid-19 Impact

The outbreak of COVID -19 pandemic had created massive disruptions world wide leading towards prolonged regional lockdown impacting several domains including business related activities Such unforeseen scenario lead Restrictions imposed on free movement had resulted crucial role played by digital access control systems where contactless authentication was preffered approach during initial phase As people started getting familiarised with new normal measures usage pattern shifted from manual methods such as magnetic swipe cards / keys toward touchless credentials like Facial Recognition Doorway Access Control Systems enhancing convenience & safety offered through Video Intercom Solutions. This would ultimately lead toward higher industry revenue share over medium term.

Key Highlights of the Report:

• Singapore Video Intercom Devices Market Outlook
• Market Size of Singapore Video Intercom Devices Market, 2020
• Forecast of Singapore Video Intercom Devices Market, 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Revenues & Volume for the Period 2023 - 2027
• Singapore Video Intercom Devices Market Trend Evolution
• Singapore Video Intercom Devices Market Drivers and Challenges
• Singapore Video Intercom Devices Price Trends
• Singapore Video Intercom Devices Porter's Five Forces
• Singapore Video Intercom Devices Industry Life Cycle
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Device Type for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Door Entry Systems for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Handheld Devices for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Video Baby Monitors for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Access control for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Fingerprint Readers for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Password Access for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Proximity Cards for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Wireless Access for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By System for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Wired for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Wireless for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Technology for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Analog for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By IP-based for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By End Use for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Automotive for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Commercial for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Government for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Residential for the Period 2023 - 2027
• Historical Data and Forecast of Singapore Video Intercom Devices Market Revenues & Volume By Others for the Period 2023 - 2027
• Singapore Video Intercom Devices Import Export Trade Statistics
• Market Opportunity Assessment By Device Type
• Market Opportunity Assessment By Access control
• Market Opportunity Assessment By System
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By End Use
• Singapore Video Intercom Devices Top Companies Market Share
• Singapore Video Intercom Devices Competitive Benchmarking By Technical and Operational Parameters
• Singapore Video Intercom Devices Company Profiles
• Singapore Video Intercom Devices Key Strategic Recommendations