Wireless Intercom Market: Global Industry Analysis and Forecast (2023-2029)

Wireless Intercom Market is expected to grow at a CAGR of 7.6% over the forecast period 2023-2029, to account for US$ 12 Bn. in 2029. The indoor intercom is one of the segments reviewed in the MMR report dominating the global market.
Wireless Intercom Market Overview and Dynamics:
A wireless intercom is a telecommunications device that permits voice communication without the necessity to run copper wires amid intercom stations. Classifications of the wireless intercom are 4/6/8 GHz by Wi-Fi band. New technologies, for example, encryption techniques, are developing in the wireless intercom market owing to which, customers are switching old intercoms with new ones incorporating the newest technologies. Furthermore, novel wireless intercom base stations can be installed with current wired intercom systems to use wired intercoms in a wireless mode.To know about the Research Methodology:- Request Free Sample Report

Governments are projected to adopt wireless intercom to connect with different government offices to upsurge production and operation throughout the lockdown conditions in 2021. Sales of wireless intercoms over the commercial industry were moving in an upward trajectory before the COVID-19 pandemic. Various major players operating in the current global market for wireless intercom are increasingly leaning toward growing wireless intercom solutions to work on mobile devices. Likewise, as remote working is expected to stay in trend for an undefined period in many organizations, numerous new wireless intercom systems are being developed to provide to these requirements.

The MMR report covers all the trends and technologies playing a major role in the growth of the wireless intercom market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during 2022-2029. Some of the dynamics illustrate below:

Demand for Wi-Fi Based Wireless Intercoms to Remain High

Wi-Fi band is beneficial in crowded locations and high-density areas, where there are numerous wireless intercom users. Owing to the entry of cutting-edge technologies, like Wi-Fi, various types of wireless intercoms are available across the world. Moreover, as business organizations remain focused on improving internal communication, the acceptance of Wi-Fi-based wireless intercoms is expected to increase.

The revenue generation trend between the vendors of Wi-Fi band wireless intercoms is expected to highlight an upward trend thanks to the increase in demand for such technology. The profit of the Wi-Fi band is that the technology provides a clearer communication system and higher speed as compared to other technologies existing for wireless intercommunication. Therefore, the growing use of Wi-Fi wireless intercom in offices, businesses, and schools is expected to boost the growth of the wireless intercom market globally.

Technological Developments in Wireless Intercom Systems to Drive Market Growth

Technological developments have played a vital role in redefining the communication space in the last few years. Wireless products remain to gain popularity across the globe, as it reduces manual tasks like digging and help in cutting down equipment and labour costs. Advancements in audio and video technologies over the last decade have boosted the global prospects of the wireless intercom market. Furthermore, the growing adoption of the IoT is another factor that is expected to fuel the demand for wireless intercoms during 2022-2029.
Wireless Intercom Market Segmentation:
The Residential Industry is expected to Gain Market Growth from 2022 to 2029.

By Application, the residential industry across the globe continues to witness considerable changes, mainly in emerging regions. The overview of smart cities, and focus on implementing novel technologies and facilities across residential complexes and townships are projected to fuel the adoption of wireless intercom in the upcoming years. Intercom systems have gained vast popularity across the residential industry over the past couple of decades.

Security and Surveillance is expected to grow at the highest CAGR of 11.5% during the forecast period.

Among the industries, the security and surveillance segment is expected to grow at a CAGR of 11.5% over the forecast period. This growth is attributed to the increasing crime rate has increased the concerns over security between people in APAC, prominent to the growing demand for strong security solutions. Henceforth, wireless intercoms, being a significant part of these solutions, have also witnessed an increase in demand in 2022.

Geographically, Asia-Pacific is expected to hold the largest 35.92% growth rate during 2022-2029 thanks to the growing disposable incomes and rising affluence has also sustained the need for electronic security. This, in turn, is projected to increase the need for wireless intercoms for better communication for surveillance and security purposes. Moreover, the present and future of intercoms are connected to the integration within the home automation systems. Most of the infrastructure services in the APAC region use this wireless intercom to monitor the security and crowds facilities, which is prominent to the growth of the wireless intercom market.

Emerging countries in APAC such as China and Japan are the largest producers of video intercom devices. As compared to Japan, such devices produced in China are of large volume and cheaper. Most of the infrastructure facilities in the APAC use this wireless intercom to monitor the security and crowds facilities, which is prominent to the market growth.
Key Development:
The MMR reports cover key developments in the Wireless Intercom market as organic and inorganic growth strategies. Such as,

In 2021, Aiphone announced its IXG Series IP-based video intercom: a comprehensive solution proposing mixed-use and multi-tenant building managers with reliable network communication.

Alcatel-Lucent Initiative signed a nine year contract for starting new offices in Illkirch region, Alsace, and restating its durability in the French market in 2021.

In 2021, Riedel Communications declared that the western Australian academy of performing arts had migrated its production communications organization to Riedel’s Bolero wireless intercom systems by changing an obsolete wired system. The bolero provides crystal efficient, clear, and easy-to-manage communications for academy performance groups at both off-site and on-campus venues.

The objective of the report is to present a comprehensive analysis of the global Wireless Intercom Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Wireless Intercom Market dynamic, structure by analyzing the market segments and projecting the Wireless Intercom Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Wireless Intercom Market make the report investor’s guide.
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Wireless Intercom Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 7.18 Bn.


Forecast Period 2023 to 2029 CAGR:
7.6%.
Market Size in 2029:
US $ 12 Bn.


 Segments Covered:
by Type
Outdoor Intercom
Indoor Intercom


by Technology
Wi-Fi Band
Radio Frequency
Others


by Application
Residential
Commercial


by Industry
Hospitality
Retail
Transportation and Logistics
Security and Surveillance
Event Management
Others



Wireless Intercom Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Wireless Intercom Market Key Players
1. Aiphone Co Ltd
2. ALE International
3. Clear-Com Ltd.
4. COMMAX Co., Ltd.
5. Commend International GmbH
6. Grandstream Networks, Inc.
7. Honeywell International Inc.
8. Legrand
9. Motorola Solutions Inc.
10.Panasonic Corporation
11.Riedel Communications GmbH & Co. KG
12.RTS Intercom (Bosch Security Systems, Inc.)
13.Samsung Electronics Co Ltd
14.Sena Technologies, Inc.
15.TAMURA Corporation
16.Telephonics Corporation
17.VTech Holdings Limited.
18.Wisycom Srl
19.Zenitel Group
20.Zicom Electronic Security Systems Limited
Frequently Asked Questions:
1] What segments are covered in the Wireless Intercom Market report?
Ans. The segments covered in the Wireless Intercom Market report are based on Type, Technology, Application, and Industry.

2] Which region is expected to hold the highest share in the Wireless Intercom Market?
Ans. APAC region is expected to hold the highest share in the Wireless Intercom Market.

3] What is the market size of the Wireless Intercom Market by 2029?
Ans. The market size of the Wireless Intercom Market by 2029 is US$ 12 Bn.

4] What is the forecast period for the Wireless Intercom Market?
Ans. The forecast period for the Wireless Intercom Market is 2023-2029.

5] What was the market size of the Wireless Intercom Market in 2022?
Ans. The market size of the Wireless Intercom Market in 2022 was US$ 7.18 Bn.