Global Wireless Interphone Market Size, Share, and COVID-19 Impact Analysis, By Technology (Wi-Fi Band, Radio Frequency, and Others), By Enterprise Size (Small & Medium Enterprise and Large Enterprises), By Industry (Retail, Event Management, Hospitality, Security & Surveillance, Transportation & Logistics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2022-2030
KEY MARKET INSIGHTS
The Global Wireless Interphone Market is projected to grow from USD 4.6 billion in 2021 to USD 9.3 billion by 2030 at a CAGR of 11.5% during the forecast period.
Increased demand for better connectivity in wireless intercom systems is one of the key factors likely to drive market expansion over the projected period. In high-density areas and busy situations with many wireless intercom users, the Wi-Fi band is beneficial. Different varieties of wireless intercoms are now available worldwide due to the introduction of cutting-edge technologies such as Wi-Fi. Furthermore, as businesses strive to improve internal communication, the use of Wi-Fi-based wireless intercoms is projected to grow. Because of the increased demand for such technology, the revenue generation trend among makers of Wi-Fi band wireless intercoms is expected to show an upward trend. As a result, rising adoption of Wi-Fi wireless intercom in schools, enterprises, and offices is expected to propel the market forward.
COVID-19 ANALYSIS
As the global economy recovers from the effects of the ongoing COVID-19 epidemic, offices and businesses are increasingly looking into different ways to improve worker safety without sacrificing communication. Although sales of wireless intercoms in the commercial sector were on the rise before the COVID-19 outbreak, sales are expected to rise much more in the final two quarters of 2020 as offices prepare to restart on-premise operations following the relaxing of lockdown requirements. Several market competitors in the current wireless intercom market are progressively focusing on the development of wireless intercom solutions that can be used with mobile devices.
LATEST TREND
Advancements in Video and Audio Wireless Intercom Systems to Boost Market Growth
In the last few decades, technological innovations have played an important role in reshaping the communication space. Wireless devices are gaining popularity around the world because they reduce manual operations such as excavating and help reduce equipment and labor costs. Over the last few years, advancements in video and audio technologies have increased the worldwide wireless interphone market's overall prospects. In addition, throughout the forecast period, the increased usage of the Internet of Things (IoT) is likely to drive demand for wireless intercoms.
The growing focus on strengthening security and monitoring systems to avoid crimes in both the commercial and residential sectors is likely to increase wireless intercom use during the projection period. Different varieties of wireless intercoms are now available worldwide thanks to the introduction of cutting-edge technology such as Wi-Fi and Bluetooth. Furthermore, as businesses continue to focus on increasing internal communication, wireless intercom adoption is expected to rise.
DRIVING FACTORS
Increasing Demand from Infrastructure Projects to Aid Market Growth
The need for strong security and communication solutions is predicted to increase due to the expansion of infrastructure projects in the Asia-Pacific region as the urban population grows. Rising disposable incomes and affluence have created a demand for electronic security, which is predicted to increase demand for wireless intercoms for more dependable communication for security and surveillance purposes. In addition, the market in India is primarily driven by an increase in demand for homes with security systems built-in, such as wireless intercoms.
Furthermore, wireless intercoms are utilized to monitor and track the actions of younger children, which could propel the wireless intercom market forward. While demand from the residential sector is predicted to remain stable, the commercial sector is expected to offer a plethora of opportunities.
RESTRAINTS
The high installation cost of intercom communication systems stifles industry expansion in the global market. Furthermore, it necessitates technical expertise to operate, which limits its global market expansion. Market expansion is further hampered by a lack of awareness about availability in many growing countries.
SEGMENTATION
The global Wireless Interphone Market is segmented by Technology, Enterprise Size, Industry, and Region. Based on the Technology, the market is categorized into Wi-Fi Band, Radio Frequency, and Others. Based on Enterprise Size, the market is categorized into Small & Medium enterprises and Large Enterprises. Based on Industry, the market is categorized into Retail, Event Management, Hospitality, Security & Surveillance, Transportation & Logistics, and Others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
REGIONAL INSIGHTS
The Global Wireless Interphone Market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
North America is the largest market for wireless interphone due to the smart city projects in economies such as the United States and Canada are expected to keep it in the lead throughout the projected period. The implementation of projects such as smart buildings and smart transportation is also predicted to boost regional market growth. Over the projected period, the market is expected to be fueled by the region's strong growth in the residential and commercial sectors. The wireless intercom industry in the region is being driven by strong infrastructure and favorable government policies.
With a substantial market share, APAC came in second in the wireless interphone market, and it is expected to grow at a stable CAGR during the forecast period. The presence of continually rising developing countries, as well as an increase in the use of new and advanced technology, contributes to APAC's rapid expansion. The demand for robust security and communication solutions is likely to rise as infrastructure activities in the Asia Pacific area expand in response to the growing urban population.
The demand for electronic security has been bolstered by increased disposable incomes and prosperity. As a result, the need for wireless intercoms to enable improved security and surveillance communication is expected to rise.
China and Japan are the leading manufacturers of these gadgets. Video intercom equipment made in China is more plentiful and less expensive than those made in Japan. Wireless intercoms' present and future are also linked to their connection with home automation systems. This wireless intercom is used by the majority of infrastructure facilities in the region to monitor crowds and secure facilities, which is driving market expansion.
KEY INDUSTRY PLAYERS
Product launches, product approvals, and other organic growth tactics such as patents and events are being prioritized by a number of companies. Acquisitions, partnerships, and collaborations are examples of inorganic growth tactics used by numerous competitors in the market. These activities have paved the way for market participants to expand their business and client base. With the growing demand for wireless intercom in the worldwide market, market players in the wireless intercom market can expect profitable growth prospects in the future.
For instance, in August 2019 the Department of Homeland Security (DHS) has awarded Telephonics Corporation, a wholly-owned subsidiary of Griffon Corporation, an Indefinite Delivery/Indefinite Quantity (IDIQ) contract as a hardware supplier Technical Category 1 to support the Tactical Communications Equipment and Services II program (TacCom II).
KEY INDUSTRY DEVELOPMENTS:
March 15, 2022, The new Open-path Pro Series Video Intercom Reader (Video Intercom Pro) from Motorola Solutions (NYSE: MSI) is an access control reader that integrates high-quality video, audio, and enterprise call routing into an all-in-one streamlined device with a mobile-friendly user experience. The Video Intercom Pro delivers superior security to assist protect renters and guests, as well as providing security operators with real-time video visibility for speedier incident response.
In July 2019, Clear-Com, LLC announced the FreeSpeak II Digital Wireless Intercom System. FreeSpeak II is a five-channel, full-duplex wireless intercom device that is excellent for large-scale, complicated designs or specialized applications that require team members to be untethered and communicate across separate channels.
LIST OF KEY COMPANIES PROFILED:
- Aiphone Corporation.
- ALE International
- Clear-Com LLC.
- Commend International GmbH.
- Grandstream Networks, Inc.
- Legrand.
- Motorola Solutions Inc.
- Panasonic Marketing Middle East & Africa FZE
- RIEDEL Communications Inc.
- Robert Bosch LLC
- Sena Technology, Inc.
SEGMENTATION
By Technology
- Wi-Fi Ban
- Radio Frequency
- Others
By Enterprise Size
- Small & Medium Enterprise
- Large Enterprises
By Industry
- Retail
- Event Management
- Hospitality
- Security & Surveillance
- Transportation & Logistics
- Others
By Region
- North America- U.S., Mexico, Canada
- Europe- UK, France, Germany, Italy, Spain, Rest of Europe
- Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
- South America- Brazil, Argentina, Colombia, Rest of South America
- The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
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Global Wireless Interphone Market Size
- June-2022
- 1 4 0
- Global
- Semiconductor-Electronics
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