Industry Background:
The global Intercoms market is expected to witness high Demand in the forecasted period due to growing concern related to safety and security. intercom is two-way with a microphone and loudspeaker communication system at each station for localized use. Moreover, the rising crime rate in many countries has helped boost the demand for outdoor intercom systems. Trending is the purchase of wireless intercom systems as another form of home protection. This is because there is a requirement for extra security due to the soaring crime rate. The rising disposable incomes and increasing affluence have also established the need for electronic security, which, in turn, is expected to trigger the requirement for intercoms for more reliable communication for security and surveillance purposes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | SAMSUNG (South Korea), TCS (India), Urmet (Italy), COMMAX (South Korea), Comelit Group (Italy), Panasonic Corporation (Japan), Clear-Com, LLC (United States), Motorola Solutions Inc. (United States), Commend International GmbH (Austria) and Zenitel NV (Belgium) |
This growth is primarily driven by Growing Requirement of Robust Security Solutions and Incorporation of Information Technology in Safety, Security, and Surveillance.
Globally, a noticeable market trend is evident High Adoption of Wifi Based Wireless Intercom
The Electronic Equipment & Instruments sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as SAMSUNG (South Korea), TCS (India), Urmet (Italy), COMMAX (South Korea), Comelit Group (Italy), Panasonic Corporation (Japan), Clear-Com, LLC (United States), Motorola Solutions Inc. (United States), Commend International GmbH (Austria) and Zenitel NV (Belgium), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
On 26th July 2019, Clear-Com, LLC introduced the FreeSpeak II Digital Wireless Intercom System. FreeSpeak II is a five-channel, full-duplex wireless intercom solution, ideal for large-scale, complex designs or specialized applications-requiring team members to be untethered and talking in independent channels of communication.
On 12th June 2019, Clear-Com Brings Industry-Leading IP and Wireless Communication Solutions to Broadcast Asia 2019. Clear-Com will present a range of products from its portfolio of professional communication solutions, highlighting the rapid adoption of the company’s market-leading wireless and IP solutions for broadcast workflows in the APAC region.
Influencing Trend:
High Adoption of Wifi Based Wireless Intercom and Increasing Investment in Safty and Security
Market Growth Drivers:
Growing Requirement of Robust Security Solutions and Incorporation of Information Technology in Safety, Security, and Surveillance
Challenges:
Concern Related to Frequency
Restraints:
The Risk of Interference from Other Wireless Device
Opportunities:
Growing Demand due to Modernization of Infrastructure and Upsurging Demand from Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Intercoms Market
- Analysis about New Entrants in Intercoms Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Intercoms Study Sheds Light on
The Intercoms Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Intercoms industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Intercoms industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.