DUBLIN–(BUSINESS WIRE)–The “Intercoms Systems and Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global intercoms systems and equipment market is expected to grow from $17.7 billion in 2020 to $18.63 billion in 2021 at a compound annual growth rate (CAGR) of 5.3%. The market is expected to reach $23.64 billion in 2025 at a CAGR of 6%.
Major players in the intercoms systems and equipment market are Hangzhou Hikvision, Aiphone Corporation, Legrand SA, Panasonic Corporation, Honeywell Security Group, Zicom Electronics Security Systems Limited, Godrej Industries Limited, Dahua Technology Co. Ltd, Comelit Group S.P.A and Easy gates LLC.
The intercoms systems and equipment market consist of sales of intercom system devices and related services for usage in electronic communications system that contains circuitry for the purpose of transmitting and receiving audio and/or video transmissions. The intercom system services can be through wireless, wired, video, apartment based, and two ways radios for communication.
Implementation of long-term evolution (LTE) technology based intercoms, have been gaining acceptance from companies across all industries. LTE is a modern IP communicator, which provides high data for clear voice communication, full HD video streaming and a faster installation of the intercom. For instance, in July 2019, Clear-Com, introduced the FreeSpeak II Digital Wireless Intercom System. FreeSpeak II is a five-channel, full-duplex wireless intercom solution, ideal for large-scale, complex ideas or specialized applications-requiring team members to be untethered and talking in free channels of communication.
Use of IoT based intercom systems is projected to drive the market. IoT based intercom system is the use of internet with key areas of networking through platforms and middleware, which has network connectivity that will allow intercom systems to send and receive data through the use of embedded sensors, actuators, and other devices. The rising adoption of IoT technologies is expected to drive the demand for intercom devices globally.
Initial investments and high installation cost is expected to restrain the intercoms systems and equipment market. Price of intercoms systems varies on the basis of on-site inspection to determine the installation of traditional or wireless intercom systems. Thereby, high cost of intercom systems is limiting the market growth.
Key Topics Covered:
1. Executive Summary
2. Intercoms Systems and Equipment Market Characteristics
3. Intercoms Systems and Equipment Market Trends and Strategies
4. Impact of COVID-19 on Intercoms Systems and Equipment
5. Intercoms Systems and Equipment Market Size and Growth
5.1. Global Intercoms Systems and Equipment Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Intercoms Systems and Equipment Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Intercoms Systems and Equipment Market Segmentation
6.1. Global Intercoms Systems and Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Audio Video 6.2. Global Intercoms Systems and Equipment Market, Segmentation by End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Government Residential Commercial 6.3. Global Intercoms Systems and Equipment Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
IP Based Analog Based 7. Intercoms Systems and Equipment Market Regional and Country Analysis
7.1. Global Intercoms Systems and Equipment Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Intercoms Systems and Equipment Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
Hangzhou Hikvision Aiphone Corporation Legrand SA Panasonic Corporation Honeywell Security Group Zicom Electronics Security Systems Limited Godrej Industries Limited Dahua Technology Co. Ltd Comelit Group S.P.A Easy gates LLC Nidac Security Pty Ltd Zenitel NV Commax Co ltd For more information about this report visit https://www.researchandmarkets.com/r/2k7k5a