PUBLISHER: The Business Research Company | PRODUCT CODE: 1543821
PUBLISHER: The Business Research Company | PRODUCT CODE: 1543821
Intercoms systems and equipment refer to devices and systems used for communication within a building or a specific area, allowing individuals to converse without being in the same physical space. These systems are essential for enhancing security, convenience and operational efficiency in various settings.
The intercoms systems and equipment market consists of sales, by entities (organizations, sole traders or partnerships), of intercoms systems and equipment that are used by a diverse range of users, including residential homeowners, commercial businesses and government facilities. They are employed in various scenarios, such as entryway communication, room-to-room interaction and emergency notifications.
The global intercoms systems and equipment market was valued at $2,829.45 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.0%.
Rising Adoption Of IoT Technologies
The rising adoption of IoT (Internet of Things) technologies has driven the growth of the intercoms systems and equipment market during the historic period. IoT-based intercom systems involve the use of the internet with key networking areas, through platforms and middleware, which have network connectivity that allows intercom systems to send and receive data through embedded sensors, actuators and other devices. IoT-enabled intercom systems offer remote access and control via smartphones or other connected devices, enabling users to manage and monitor their intercom systems from any location. This functionality significantly enhances both convenience and security for users. For instance, in June 2021, Fermax, a Spain-based door control, video door control, digital audio and video communications systems and access control equipment manufacturer, introduced a brand-new Wi-Fi-enabled product, using Microsoft Azure IoT technology, allowing it to gain valuable insights into how customers use its products for the first time. This allows Fermax to not only improve their user experience but also directly offer a variety of value-added services to their customers. Therefore, the rising adoption of IoT technologies supported to the growth of the intercoms systems and equipment market.
Innovative Vehicle Communication Solutions For Seamless Team Support
Major companies operating in the intercoms systems and equipment market are focusing on innovating new products, such as IMPW (Intercom for Missions and Public Works), to provide reliable services to customers. For example, in September 2023, Savox Communications Ltd., a US-based communication solution provider, launched IMPW, a wireless intercom system and equipment, designed for critical missions in both civilian and combat situations. The IMPW intercom system consists of the Savox IMP system, the Savox WIM (Wireless Interface Module) and a specific number of Savox WPCU's (Wireless Personal Communication Units). This system provides wireless capability, low-power operation, strong encryption and natural audio features within the vehicle or vessel. This system ensures smooth cooperation between the team and the supporting vehicle in all situations.
The global intercoms systems and equipment market is fairly concentrated, with a few large players operating in the market. The top ten competitors in the market made up 39.0% of the total market in 2023.
Intercoms Systems And Equipment Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global intercoms systems and equipment market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for intercoms systems and equipment? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The intercoms systems and equipment 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 history and forecasts market growth by geography. It places the market within the context of the wider intercoms systems and equipment market; and compares it with other markets.