PUBLISHER: The Business Research Company | PRODUCT CODE: 1484851
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484851
Public address and voice alarm systems serve a critical role in providing essential instructions and information during emergencies, facilitating the safe evacuation of buildings. These systems utilize a combination of public address capabilities and voice alarm features to effectively broadcast guidance messages to occupants during events such as fire outbreaks, bomb alerts, or other emergencies.
The primary categories of public address and voice alarm systems include centralized and distributed configurations. Centralized systems concentrate control, decision-making, and resources within a central authority or location. Components of these systems typically include loudspeakers, controllers, amplifiers, microphones, among others. Additionally, these systems employ various technologies such as digital, analog, and internet protocol (IP) systems, which find application across diverse sectors including industrial, commercial, hospitality, transportation, and others.
The public address and voice alarm systems market research report is one of a series of new reports from The Business Research Company that provides public address and voice alarm systems market statistics, including the public address and voice alarm systems industry global market size, regional shares, competitors with a public address and voice alarm systems market share, detailed public address and voice alarm systems market segments, market trends and opportunities, and any further data you may need to thrive in the public address and voice alarm systems industry. This public address and voice alarm systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The public address and voice alarm systems market size has grown strongly in recent years. It will grow from $2.74 billion in 2023 to $2.87 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth observed in the historic period can be credited to several factors, including heightened safety and security concerns, rapid urbanization trends, the necessity for updated communication systems, escalating investments in infrastructure, and the expansion of transport networks.
The public address and voice alarm systems market size is expected to see strong growth in the next few years. It will grow to $4.17 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The forecasted growth can be attributed to several key factors, including the rising demand for eco-friendly and energy-efficient solutions, a greater emphasis on emergency preparedness and evacuation measures, an increasing need for mass notification systems, the adoption of cloud-based solutions, and integration with building management systems. Furthermore, major trends anticipated in the forecast period encompass innovations such as digital signal processing, networked audio systems, wireless communication technologies, infrastructure development, advancements in audio technology, the evolution of voice recognition capabilities, and the integration of Internet of Things (IoT) devices and smart building solutions.
The rising occurrences of fire incidents and workplace accidents are anticipated to drive growth within the public address and voice alarm systems market. These incidents pose significant risks across various work environments, necessitating effective measures to enhance fire safety and mitigate workplace hazards promptly. Public address and voice alarm systems play a crucial role in this regard, swiftly notifying occupants of emergencies such as fires and other workplace risks. For instance, the National Fire Protection Association (NFPA) reported approximately 1.5 million fires in the United States in 2021, resulting in 3,790 civilian deaths and $18 billion in direct property damage. Such statistics underscore the critical need for effective public address and voice alarm systems to address these challenges and ensure occupant safety.
Leading companies in the public address and voice alarm systems market are focused on developing innovative solutions, particularly high-quality and proven systems, to bolster safety and communication capabilities. These solutions serve as essential components in facilitating clear communication and ensuring safety across diverse environments. For instance, Zenitel introduced high-quality and proven public address and voice alarm solutions in May 2022, featuring exceptional audio performance, advanced audio processing for clear messages, and high intelligibility in various settings. These solutions offer users flexibility in choosing centralized or decentralized architectures, dynamic configuration options for zones and amplifier power, and seamless integration with other systems such as intercoms and IP speakers, enhancing overall safety and communication efficiency.
In October 2023, Pye-Barker Fire & Safety LLC expanded its service offerings and strengthened its market position by acquiring Comtron Systems Inc., a provider of high-quality security alarm systems for homes and businesses. This strategic acquisition aligns with Pye-Barker's goal of enhancing capabilities in fire protection, life safety, and security services in the United States, further solidifying its presence in the market and enabling comprehensive solutions to address fire and safety needs effectively.
Major companies operating in the public address and voice alarm systems market are Siemens AG, Schneider Electric SE, Honeywell International Inc., Johnson Controls International plc, Eaton Corporation plc, Legrand Group, Hubbell Incorporated, Federal Signal Corporation, Hochiki Corporation, Aiphone Corporation, Schrack Seconet AG, Mircom Technologies Ltd., Biamp Systems LLC, Potter Electric Signal Company LLC, TOA Electronics Europe GmbH, RCF S.p.A., Bosch Security Systems Inc., Wormald Australia, Chemito Infotech Pvt. Ltd., Genasys Inc., AtlasIED, Behringer, Telecor Inc., Renkus-Heinz Inc., Commend International GmbH, Optimus S.A., Bogen Communications LLC, Baldwin Boxall Communications Ltd., Lencore Acoustics Corporation, Signal Communications Corporation (SigCom), Heinrich Limited
North America was the largest region in the public address and voice alarm systemsmarket in 2023. The regions covered in the public address and voice alarm systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the public address and voice alarm systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The public address and voice alarm systems market consists of revenues earned by entities by providing services such as emergency announcements, evacuation guidance, mass notification, background music, real-time alerts, monitoring, maintenance, and alerting visitors in public places. The market value includes the value of related goods sold by the service provider or included within the service offering. The public address and voice alarm systems market also includes sales of speakers, microphones, control units, emergency alerting devices, fire alarms, CCTV cameras, networked audio systems, emergency power supplies, fireman's microphones, and voice alarm control panels (VACPs). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Public Address And Voice Alarm Systems Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on public address and voice alarm systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for public address and voice alarm systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The public address and voice alarm systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.