PUBLISHER: The Business Research Company | PRODUCT CODE: 1484891
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484891
Voice communication control systems encompass sophisticated hardware and software designed to facilitate interaction with devices or software through spoken commands, enabling hands-free operation and task automation. These systems leverage advanced speech recognition and processing algorithms to interpret and execute verbal instructions, thereby enhancing accessibility and efficiency across diverse applications such as virtual assistants, smart home devices, and automotive interfaces.
The primary components of a voice communication control system include hardware, software, and associated services. Hardware encompasses both external and internal devices and equipment essential for functions such as input, output, storage, communication, and processing. These systems find application across various platforms including air, ground, and maritime, serving purposes such as air traffic control, vessel traffic control, disaster and emergency management, among others. They cater to a wide array of end-users spanning commercial and defense sectors alike.
The voice communication control system market research report is one of a series of new reports from The Business Research Company that provides voice communication control system market statistics, including voice communication control system industry global market size, regional shares, competitors with a voice communication control system market share, detailed voice communication control system market segments, market trends and opportunities, and any further data you may need to thrive in the voice communication control system industry. This voice communication control system 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 voice communication control system market size has grown strongly in recent years. It will grow from $4.04 billion in 2023 to $4.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The historical growth can be attributed to several factors, including the expansion of the aviation industry, the implementation of increasingly stringent safety regulations across aviation and other sectors, growing demand for real-time communication solutions, military needs for secure and resilient communication systems, as well as the ongoing globalization of industries and markets.
The voice communication control system market size is expected to see strong growth in the next few years. It will grow to $5.88 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for air traffic management solutions, a heightened focus on public safety and emergency communication systems, integration with next-generation networks for enhanced functionality, the implementation of advanced cybersecurity measures, and the growing need for remote communication solutions. Major trends expected in this period include the integration of artificial intelligence (AI) and machine learning into communication systems, the adoption of cloud-based voice communication control systems (VCCS) solutions, the development and adoption of interoperability standards for VCCS, the rising trend of remote work and mobile communication, and the increased adoption of VoIP (Voice over Internet Protocol) and SIP (Session Initiation Protocol) technologies.
The anticipated surge in air travelers is set to drive the expansion of the voice communication control systems market in the coming years. Air travel, encompassing journeys via various airborne vehicles such as airplanes, helicopters, and hot air balloons, has seen a notable rise in passenger numbers, attributed to factors such as enhanced global connectivity, economic growth, and the increased affordability of airfare. Voice communication control systems play a critical role in establishing centralized networks that interconnect different communication systems utilized in air traffic management. Notably, according to the Bureau of Transportation Statistics (BTS) in March 2023, U.S. airlines witnessed a significant uptick in passenger volume, transporting 853 million passengers in 2022, compared to 658 million in 2021 and 388 million in 2020, underscoring the driving force behind the growth of the voice communication control systems market.
Key players in the voice communication control system market are directing their efforts towards developing cutting-edge solutions, notably the Programmable Voice Application Programming Interface (API), to gain a competitive advantage. The Programmable Voice API constitutes a suite of tools and protocols empowering developers to seamlessly integrate voice calling and telephony features into their applications and software systems. For instance, in September 2023, Telnyx, a U.S.-based software company, unveiled Call Control, a programmable voice API facilitating global call connection and management. Call Control empowers users to incorporate highly customizable calling experiences into their applications sans the need for telecom expertise. Its functionalities span answering or transferring calls, playing recorded messages, call recording, interactive keypad or voice prompts, media streaming to multiple recipients, conference management, and more.
In November 2023, Siris Capital Group LLC, a U.S.-based private equity firm, completed the acquisition of BearCom, a provider of wireless voice and data communication solutions, although the terms remain undisclosed. This strategic acquisition positions Siris to drive value creation within BearCom, leveraging its expertise and resources to expedite growth in private data networks, distributed antenna systems (DAS), and other technology solutions catering to enterprise customers and large-scale events.
Major companies operating in the voice communication control system market are Northrop Grumman Corporation, Honeywell International Inc., Sinch AB, Thales Group, Leonardo S.p.A., Indra Sistemas S.A., Saab AB, Rohde & Schwarz GmbH & Co KG, Aselsan A.S., NATS Limited, L3Harris Technologies Inc., Ultra Electronics Holdings, Skyguide, Frequentis AG, Karel, Radiocom, Jotron AS, S.I.T.T.I. SpA, Morcom International Inc., Becker Avionics GmbH, Quadrant Group, SkySoft-ATM, Copperchase Ltd., CS Group
North America was the largest region in the voice communication control system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the voice communication control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the voice communication control system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The voice communication control system market consists of revenues earned by entities by providing services such as ground or air (G/A) communications and ground or ground (G/G) communications. The market value includes the value of related goods sold by the service provider or included within the service offering. The voice communication control system market also includes sales of control consoles, voice switching units, audio interfaces, and peripheral devices. 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.
Voice Communication Control System 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 voice communication control system 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 voice communication control system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The voice communication control system 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.