Market Size of Wireless Intercoms Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 9.65 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Wireless Intercoms Market Analysis
A wireless intercom is a telecommunications equipment that allows voice communication which is expected to register a CAGR of 9.65% for the forecast period 0f 2021-2026. The requirement to run copper wires between intercom stations. Growing demand for robust security solutions, WiFi-based wireless intercoms, and tremendous growth in developing economies are accelerating market growth over the years. Moreover, wireless has rapidly become the norm for many intercom applications due to complex and large-scale events, including sports. Additionally, the modernization of infrastructural development is encouraging the demand for sufficient security systems, of which wireless intercoms are an indispensable part. The market is seeing the adoption of digital wireless intercoms in the theatre industry as well. Though, the risk of interference from other wireless devices is hindering the growth of the market.
- The security and surveillance segment has significant impact on the market demand. The growing crime rate has raised concerns over security amongst people, leading to the increasing requirement for robust security solutions. This system not only enables people to increase security in their homes but also avoid unwanted visitors. Moreover, the rising crime rate in many countries has helped boost the demand for outdoor wireless intercom systems. Trending is the purchase of wireless intercom systems as another form of home protection. This is because there is a need for extra security due to the soaring crime rate. Stay-at-home parents are adopting these intercom systems to know all visitants before letting them into their houses precisely.
- The growth of infrastructure projects, due to the expansion of the urban population in the Asia-Pacific region is expected to encourage the demand for strong security and communication solutions, during the forecast period. The rising disposable incomes and increasing affluence have also established the need for electronic security, which, in turn, is expected to boost the need for wireless intercoms for more reliable communication for security and surveillance purposes. Furthermore, the market in India is primarily driven by the increase in demand for homes having an inbuilt security system, such as wireless intercoms.
Wireless Intercoms Industry Segmentation
A wireless intercom allows wireless transfer of audio signals amongst a base station and end terminals in any purpose. Hence, it has one base station and multiple belts packs or substations. It provides single, dual, and multiple channels for interaction through which the belt packs are connected to one another. Moreover, these belt packs interact with each other through the base station, joined with analog, digital, or IP-based communication mechanism in order to connect with other intercom systems.
By Application | |
Event Management | |
Hospitality | |
Security and Surveillance | |
Transportation and Logistics | |
Other Applications |
By End-use Sector | |
Residential | |
Commercial | |
Enterprise |
Geography | |
North America | |
Europe | |
Asia Pacific | |
Rest of the World |
Wireless Intercoms Market Size Summary
The wireless intercoms market is experiencing significant growth, driven by the increasing demand for robust security solutions and the adoption of WiFi-based systems. This growth is further fueled by the rapid urbanization and infrastructural development in developing economies, particularly in the Asia-Pacific region. Wireless intercoms have become essential in various applications, including large-scale events and the theatre industry, due to their ability to provide seamless communication without the need for copper wiring. However, the market faces challenges such as interference from other wireless devices, which can hinder its expansion. The integration of digital wireless intercoms into home automation systems is also contributing to the market's evolution, offering advanced features like video capabilities for enhanced security and surveillance.
The security and surveillance segment plays a crucial role in driving the demand for wireless intercoms, as rising crime rates increase the need for effective home protection solutions. These systems are particularly popular among stay-at-home parents and urban residents seeking to enhance their security measures. The market is witnessing a surge in the adoption of outdoor wireless intercom systems, which are becoming a preferred choice for home security. In India, the demand for apartments with integrated security systems is on the rise, further propelling market growth. Key players in the industry are focusing on both organic and inorganic growth strategies, such as product launches and strategic partnerships, to expand their market presence and capitalize on the growing need for wireless intercoms globally.
Wireless Intercoms Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increasing Need for Robust Security Solutions
-
1.2.2 Increasing Demand for WiFi-based Wireless Intercoms
-
1.2.3 Modernization of Infrastructure
-
-
1.3 Market Restraints
-
1.3.1 The Risk of Interference from Other Wireless Device
-
-
1.4 Industry Attractiveness - Porter's Five Force Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Application
-
2.1.1 Event Management
-
2.1.2 Hospitality
-
2.1.3 Security and Surveillance
-
2.1.4 Transportation and Logistics
-
2.1.5 Other Applications
-
-
2.2 By End-use Sector
-
2.2.1 Residential
-
2.2.2 Commercial
-
2.2.3 Enterprise
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.2 Europe
-
2.3.3 Asia Pacific
-
2.3.4 Rest of the World
-
-
Wireless Intercoms Market Size FAQs
What is the current Wireless Intercoms Market size?
The Wireless Intercoms Market is projected to register a CAGR of 9.65% during the forecast period (2024-2029)
Who are the key players in Wireless Intercoms Market?
Panasonic Corporation, Motorola Solutions Inc., Clear-Com, LLC, Telephonics Corporation and Commend international GmbH are the major companies operating in the Wireless Intercoms Market.