PUBLISHER: The Business Research Company | PRODUCT CODE: 1675512
PUBLISHER: The Business Research Company | PRODUCT CODE: 1675512
General communication equipment encompasses devices facilitating communication among individuals and transmitting crucial signals.
The primary categories of such equipment include mobile and fixed-line devices. Fixed-line connections utilize cables for users to make phone calls or access the internet. Product variations encompass alarm systems, fire detection equipment, smoke detectors, intercom systems, traffic signals, and more. These tools find application in commercial, industrial, military, and other sectors.
The general communication equipment market research report is one of a series of new reports from The Business Research Company that provides general communication equipment market statistics, including general communication equipment industry global market size, regional shares, competitors with a general communication equipment market share, detailed general communication equipment market segments, market trends and opportunities, and any further data you may need to thrive in the general communication equipment industry. This general communication equipment 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 general communication equipment market size has grown strongly in recent years. It will grow from $68.17 billion in 2024 to $73.18 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growth in telecommunication revolution, digitalization and internet expansion, wireless communication advancements, satellite communication evolution, fiber optic networks development.
The general communication equipment market size is expected to see strong growth in the next few years. It will grow to $96.05 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to growing interoperability and standardization, sustainability and green technology adoption, remote work and collaboration tools, enhanced cybersecurity solutions, cloud-based communication services expansion. Major trends in the forecast period include open source and interoperability, green and energy-efficient solutions, remote work solutions, cybersecurity and privacy, cloud-based communication services, wireless connectivity evolution.
Stringent government regulations and mandates play a crucial role in driving the growth of the general communication equipment market, particularly concerning safety and security applications. Governments worldwide have implemented various laws governing the installation of communication equipment, including fire safety systems, in organizations to ensure the safety of employees. An example of such regulations is found in the U.S., where the government, in accordance with the 15 U.S. Code 2227, mandates the installation of fire safety systems with appropriate warning signals in federally assisted buildings. The heightened emphasis on safety by government agencies has consequently increased the demand for general communication equipment in the market.
The growth of the general communication equipment market is expected to be propelled by increasing connectivity. This surge in connectivity is primarily driven by the widespread adoption of digital devices, the growth of the Internet of Things (IoT), the expansion of telecommunications infrastructure (such as 5G networks), remote work trends, and the growing need for seamless communication and data exchange in personal and professional settings. The proliferation of digital devices has led to a heightened demand for advanced general communication equipment. For example, as of July 2023, IoT Analytics reported a global growth rate of 16%, reaching 16.7 billion connected IoT devices in the same year. While the growth rate in 2023 is slightly lower than in 2022, predictions indicate that IoT device connections will continue to grow steadily. By 2027, it is estimated that there will be more than 29 billion IoT connections, showcasing the sustained impact of increasing connectivity on the general communication equipment market's growth in the forecast period.
Leading companies in the general communication equipment market are incorporating smart security features into their devices to enhance safety and optimize user experience. These security features include advanced encryption, biometric authentication, and real-time threat detection, which safeguard data and ensure secure communication. For example, in July 2024, Gamgee, a Dutch startup focused on innovative home security solutions, launched a cutting-edge Wi-Fi Home Alarm System that transforms existing Wi-Fi networks into a sophisticated security solution. This system uses advanced algorithms to detect disruptions in Wi-Fi signals caused by human movement, creating unique 'body prints' for residents, pets, and visitors. During a two-week training period, it learns to recognize regular patterns, allowing it to detect unusual movements and distinguish between familiar occupants and potential intruders. Additionally, it includes features to monitor elderly individuals, issuing alerts in case of falls. The technology prioritizes privacy by processing and storing all data locally on routers, eliminating the need for cloud storage.
Major companies in the general communication equipment market are introducing innovative technologies such as Webex Calling to gain a competitive edge. The new enhancements in Webex Calling within the Webex Suite, launched by Cisco in June 2022, aim to improve work flexibility, reliability, and audio quality. This innovative technology addresses issues such as dropped calls during network disruptions and low broadband bandwidth. Additionally, it incorporates a feature that leverages the intelligence of the Webex Suite to automatically eliminate background noise from external callers, thereby enhancing audio quality.
In March 2024, Summit Fire & Security LLC, a US-based provider of comprehensive fire and life safety solutions, acquired Remington Alarm Systems for an undisclosed amount. This acquisition enhances Summit's presence in Tyler, Texas, and expands its service offerings in fire alarm and life safety systems. Remington Alarm Systems, based in Texas, specializes in intrusion and fire alarm systems, access control systems, and CCTV camera systems.
Major companies operating in the general communication equipment market include Apple Inc., Google LLC, Microsoft Corporation, ZTE Corporation, AT&T Inc., Huawei Technologies Co. Ltd., Sonim Technologies Inc., Panasonic Corporation, LG Electronics Inc., Lenovo Group Limited, Cisco Systems Inc., Qualcomm Incorporated, Xiaomi Corporation, Hewlett Packard Enterprise Company, Ericsson AB, Nokia Corporation, Harris Corporation, L3Harris Technologies Inc., Motorola Solutions Inc., Juniper Networks Inc., Siemens Enterprise Communications GmbH & Co. KG, Vonage Holdings Corp., Adtran Inc., Comtech Telecommunications Corp., Speedflow Communications Limited, ECI Telecom Ltd., MDS Gateways International Inc., Roc Tel International LLC, Viasat Inc., Ubiquiti Inc., CalAmp Corp.
Asia-Pacific was the largest region in the general communication equipment market in 2024. North America was the second largest region of the global general communication equipment market share. The regions covered in the general communication equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the general communication equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The general communication equipment market consists of sales of intercom systems and signaling equipment. These devices perform functions such as short-range communication, data transmission, and networking. 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.
General Communication Equipment Global Market Report 2025 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 general communication equipment 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 general communication equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The general communication 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 historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.