DUBLIN–(BUSINESS WIRE)–The “General Communication Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
Major players in the general communication equipment market are Final List of Companies, Apple, Samsung Electronics, Alcatel-Lucent, LG Electronics, Google Inc., Qualcomm, Juniper Networks, Ericsson and ZTE.
The global general communication equipment market is expected to grow from $253.2 billion in 2020 to $265.38 billion in 2021 at a compound annual growth rate (CAGR) of 4.8%. The market is expected to reach $334.2 billion in 2025 at a CAGR of 6%.
The general communication equipment market consists of sales of general communication equipment and related services which are used for communication purposes. Communication equipment are devices that eases the communication between individuals and helps communicate important signals to an individual. The general communication equipment include intercom systems and signalling equipment, fire detection equipment, alarm systems and equipment, traffic signals, and smoke detectors.
Stringent government regulations and mandates contribute to the general communication equipment market’s growth. General communication equipment are used for safety and security purposes. Globally, different government agencies have implemented various laws regarding the installation of communication equipment such as fire safety equipment in organizations to ensure employees’ safety. The increased need to ensure safety by the government agencies has increased the demand for the general communication equipment market.
Initial investments and high installation cost are expected to restrain the general communication equipment market. Price of general communication equipment such as intercoms systems varies on the basis of on-site inspection to determine the installation of traditional or wireless intercom systems. Thereby, high cost of general communication equipment is limiting the market growth.
The general communication equipment market covered in this report is segmented by product type into alarm systems and equipment, fire detection equipment, smoke detectors, intercoms systems and equipment, traffic signals, others. It is also segmented by end-user into commercial, industrial, military, others.
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. Thereby, LTE based intercoms is expected to be a major trend in the general communication equipment market.
Key Topics Covered:
1. Executive Summary
2. General Communication Equipment Market Characteristics
3. General Communication Equipment Market Trends and Strategies
4. Impact of COVID-19 on General Communication Equipment
5. General Communication Equipment Market Size and Growth
5.1. Global General Communication Equipment Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global General Communication Equipment Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. General Communication Equipment Market Segmentation
6.1. Global General Communication Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Alarm Systems and Equipment Fire Detection Equipment Smoke Detectors Intercoms Systems and Equipment Traffic Signals Others 6.2. Global General Communication Equipment Market, Segmentation by End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Commercial Industrial Military Others 6.3. Global General Communication Equipment Market, Segmentation by Types, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Mobile Fixed Line Devices 7. General Communication Equipment Market Regional and Country Analysis
7.1. Global General Communication Equipment Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global General Communication Equipment Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
Apple Samsung Electronics Alcatel-Lucent LG Electronics Google Inc. Qualcomm Juniper Networks Ericsson ZTE Huawei Siemens Enterprise Communication Cisco Systems AT&T Inc. Microsoft Corporation Lenovo Group IBM Corporation Speedflow Communications Ltd ADTRAN Inc. MDS Gateways MDS Gateways Xiaomi ECI Telecom Roc Tel International BD Biosciences Thermo Fisher Scientific Panasonic Corporation Nortel Networks Corp. For more information about this report visit https://www.researchandmarkets.com/r/wszet