Wireless Intercom Market Dynamics and Analysis by 2031
The wireless intercom market size is projected to reach US$ 12.58 billion by 2031 from US$ 6.64 billion in 2023. The market is expected to register a CAGR of 8.3% in 2023–2031. The rise in demand for robust security solutions and the increase in demand for Wi-Fi-based wireless intercoms across various industries are likely to remain key to wireless intercom market trends.
Wireless Intercom Market Analysis
The wireless intercom market is experiencing growth worldwide owing to growing popularity of wireless technology. There is a rise in demand for strong security solutions in the residential and commercial sectors which further fuels the market growth. The growing demand for advanced audio and video-based surveillance system to foster security is driving the market growth.
Wireless Intercom Market Overview
A wireless intercom is a electronics device that enables the room-to-room or building-to-building voice communication. The high cost of retrofitting a building to install a wired intercom leads to the installation of wireless intercom. Another reason to use a wireless system is its portability. The demand for wireless intercom system is rising due to the growing demand for solutions to fuel home security systems.
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Wireless Intercom Market: Strategic Insights
Market Size Value in US$ 5,896.81 Million in 2019 Market Size Value by US$ 9,564.14 Million by 2027 Growth rate CAGR of 6.7% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Wireless Intercom Market: Strategic Insights
| Market Size Value in | US$ 5,896.81 Million in 2019 |
| Market Size Value by | US$ 9,564.14 Million by 2027 |
| Growth rate | CAGR of 6.7% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Wireless Intercom Market Drivers and Opportunities
Need for a strong security solution to Favor Market
There is a rise in demand for robust security solutions across residential and commercial industries, which is driving the wireless intercom market. In recent years, security has become a top priority for businesses and institutions which is leading to the adoption of enhanced security solutions, which further drives the adoption of wireless intercoms. Wireless intercoms provide two-way voice intercom capabilities that enhances the security in the residential and commercial buildings. These systems help for effective communication among security personnel, staff, and management, resulting in timely and coordinated incident responses.
Rising use of wireless intercom in the hotels and hospitality industry
Wireless intercom systems are gaining popularity in hotels owing to their ability to improve safety. These system helps the staff members to enhance their communication and response faster to the guest requests, which in turn improves the guest experience. In addition, these systems optimize the service offering and deliver anytime services. The hotels and hospitality industry demands advanced communication system to improve their customer experiences. Thus, this factor fuels the wireless intercom systems in hotels, combined with the expanding hospitality industry.
Wireless Intercom Market Report Segmentation Analysis
Key segments that contributed to the derivation of the wireless intercom market analysis are type, technology, application, and industry.
- By type, the market is segmented into outdoor intercom and indoor intercom. The indoor intercom segment held the largest market share in 2023.
- Based on the technology, the market is segmented into Wi-Fi band, radio frequency, and others. The others segment held the largest market share in 2023.
- By application, the market is segmented into residential and commercial. The residential segment is expected to grow with the highest CAGR.
- By industry, the market is segmented into hospitality, retail, transportation & logistics, event management, security & surveillance, and others. The security & surveillance segment held the largest market share in 2023.
Wireless Intercom Market Share Analysis by Geography
The geographic scope of the wireless intercom market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific region is expected to grow with the highest CAGR. With the rise in the electric vehicle market in the region, the demand for robust security solutions generates the need for battery audio and video-based surveillance technology. The rise in the hospitality industry in the region further drives the wireless intercom market growth in the region.
Wireless Intercom Market Report Scope
Wireless Intercom Market News and Recent Developments
The Wireless Intercom Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In September 2023, Savox Communications, the leading provider of mission-critical hearing protection and communication solutions, launched a game-changing intercom system, which brings a situational Sixth Sense into team operations. The Savox IMPW is an intercom system with wireless capability, designed to withstand the harshest conditions in both civilian and combat missions, ensuring uninterrupted communications. (Source: Savox Communications, Press Release, 2023)
- In January 2024, Axnes AS, a leading provider of innovative wireless intercom communication systems, announced that it had been selected to deliver its cutting-edge PNG Wireless Intercom System (WICS) technology to the UK Ministry of Defence (MOD) for their Puma HC Mk2 Air System. The PNG WICS will be utilized to enhance the aircraft’s communication systems for Search and Rescue (SAR) applications and Human External Cargo (HEC) missions. The Axnes PNG system allows the Puma to meet all (UK/European standard requirements) for two-way radio communication for HEC operations. (Source: Axnes AS, Press Release, 2023)
Wireless Intercom Market Report Coverage and Deliverables
The “Wireless Intercom Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering the below areas.
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Technology , Application , and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global wireless intercom market is expected to reach US$ 12.58 billion by 2031.
The key players holding majority shares in the global wireless intercom market are Alcatel-Lucent S.A. (Nokia Corporation), Aiphone Corporation, Clear-Com LLC, Commend International GmbH, and Panasonic Corporation.
The incremental growth expected to be recorded for the global wireless intercom market during the forecast period is US$ 5.94 billion.
The global wireless intercom market was estimated to be US$ 6.64 billion in 2023 and is expected to grow at a CAGR of 8.3% during the forecast period 2023 - 2031.
The rise in demand for robust security solutions and increase in demand for Wi-Fi based wireless intercom across various industries are the major factors that propel the global wireless intercom market.
Growth in the residential sector and the development of smart cities is anticipated to play a significant role in the global wireless intercom market in the coming years.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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