Wireless Intercom Market to Grow at a CAGR of 6.7% to reach US$ 9,564.14 million from 2020 to 2027

Wireless Intercom Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Outdoor Intercom and Indoor Intercom), Technology (Wi-Fi Band, Radio Frequency, and Others), Application (Residential and Commercial), and Industry (Hospitality, Retail, Transportation & Logistics, Event Management, Security & Surveillance, and Others)

Publication Month : Nov 2020

  • Report Code : TIPRE00003255
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 177
Inquire Before Buy

PRICING

$4550

$2730

The wireless intercom market was valued at US$ 5,896.81 million in 2019 and it is projected to reach US$ 9,564.14 million by 2027; it is expected to grow at a CAGR of 6.7% from 2020 to 2027.

Asia Pacific dominated the Wireless Intercom market in 2019, followed by Europe and North America. This is due to ongoing digitization transformation in various industries, including retail, and hospitality, which is driving the market. Rise in new technologies in the wireless intercom, such as encryption techniques, is expected to boost the market growth during the forecast period. Wireless intercom, being one of the essential components of a security system, is, thereby, witnessing an immense surge in demand in the region. Due to their easy handling, wireless intercoms experience a higher demand compared to the traditional wired ones. Technical advancements in wireless intercoms, such as integrated encryption techniques, are also an important factor behind the increasing preference for them over wired intercoms. In the future, rising urbanization, together with the rapid growth of smart cities across Asia Pacific, is likely to prepare the ground for the widespread application of wireless intercoms in this region.

Impact of COVID-19 Pandemic on Wireless Intercom Market

The recent COVID-19 outbreak has significantly affected the world and is continuing to shatter the economies of several countries. As the global market proceeds to recover from the impact of the ongoing COVID-19 pandemic, offices and business organizations explore different alternatives to improve workplace safety without compromising communication. Sales of wireless intercoms over the commercial sector were moving in an upward trajectory before the COVID-19 pandemic. They are further anticipated to increase in coming years, as offices gear up to resume on-premise operations and due to relaxations in lockdown rules. Various market players operating in the current wireless intercom market are increasingly leaning toward expanding wireless intercom solutions to work on mobile devices. Also, as remote working is estimated to stay in vogue for an uncertain period in several organizations, several new wireless intercom systems are being developed to cater to these requirements.

Lucrative Regional Markets for Wireless Intercom Providers

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Wireless Intercom Market Insights

Increasing Demand for Wi-Fi Based Wireless Intercoms

Increased demand for advanced connectivity in wireless intercom solutions is one of the vital factors expected to boost the market growth during the forecast period. Wi-Fi band is useful in high-density areas and crowded locations, where there are many wireless intercom users. Due to the entry of cutting-edge technologies, such as Wi-Fi, different types of wireless intercoms are available across globally. In addition, as business organizations continue to focus on improving internal communication, the adoption of Wi-Fi based wireless intercoms is likely to increase. The revenue generation trend among the manufacturers of Wi-Fi band wireless intercoms is foreseen to highlight upward trend due to the rise in demand for such technology. The benefit of Wi-Fi band is that the technology offers higher speed and clearer communication system as compared to other technologies available for wireless intercommunication. Thus, increasing use of Wi-Fi wireless intercom in schools, businesses, and offices is anticipated to boost the growth of the market.

Systems that connect to a smartphone are also becoming increasingly popular. These technologies allow users to access their video or audio feed remotely, using any Wi-Fi connection. Most wireless systems use the home Wi-Fi network to connect to each other. This refers to the notion that the home wireless intercom system would function seamlessly in case the home Wi-Fi system at home is installed properly with decent network coverage. The demand for wireless intercom systems, especially that relay feed to user’s smartphones or tablet, is gaining popularity, which is supporting the growth of Wi-Fi band wireless intercom systems. This is ultimately driving the wireless intercom market.

Type-Based Market Insights

Based on type, the wireless intercom market is categorized into outdoor intercom and indoor intercom. The indoor intercom segment drives the wireless intercom in the current scenario and is expected to continue its dominance until 2027. On the other hand, the outdoor intercom segment is anticipated to be the fastest-growing segment during the forecast period. The outdoor intercom is easy to install, and its beautiful appearance is driving the wireless intercom market. The requirement of outdoor intercom is rising expressively because of the rise in urbanization across several economies, combined with raised building automation, which is the key aspect of growth of the wireless intercom market.

Wireless Intercom Market, by Type – 2019 and 2027

Wireless Intercom Market, by Type – 2019 and 2027
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities


Technology-Based Market Insights

Based on technology, the wireless intercom market is categorized into Wi-Fi band, radio frequency, and others. In the current scenario, the others segment dominates the wireless intercom market and is foreseen to continue its dominance throughout the forecast period. The others segment includes spread spectrum technology and current carrier technology. Generally, several wireless intercoms use spread spectrum technology to communicate between intercom radios. This technology mainly works by "multiplexing" multiple signals by sending them along different frequencies within the allotted frequency range for a wireless intercom. This technology offers several benefits, such as carrying more transmissions simultaneously. Also, they can transmit and receive very faint signals without ever raising above the noise-floor threshold. The spread spectrum for wireless intercom offers multiple advantages, such as using less power to extend battery life and minimizing the noise that wireless intercoms with other technologies would experience.

Application-Based Market Insights

Based on application, the wireless intercom market has been segmented into residential and commercial. Nowadays, wireless intercoms are broadly used as an unconventional security solution across the residential sector globally. These wireless intercoms are also used to monitor and track the actions of younger children, which is likely to drive the wireless intercom market. With the increasing crime rate globally, the demand for wireless intercoms in the residential sector is expected to increase during the forecast period.

Industry-Based Market Insights

Based on industry, the wireless intercom market has been categorized into hospitality, retail, transportation and logistics, security and surveillance, event management, and others. The others segment includes oil & gas, manufacturing/industrial, and construction sectors. They require wireless intercom for better communication between the employees. Organizations across various energy segments, such as oil, gas, petrochemical, and mining, are using wireless intercom are using wireless intercoms for communicating from different remote areas for better work experience.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Wireless Intercom Market: Strategic Insights

wireless-intecom-market
Market Size Value inUS$ 5,896.81 Million in 2019
Market Size Value byUS$ 9,564.14 Million by 2027
Growth rateCAGR of 6.7% from 2020-2027
Forecast Period2020-2027
Base Year2020
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

The players operating in the wireless intercom market focus on new product innovations and developments to maintain their positions in the market. A few developments by key players are listed below:

In 2020, Alcatel-Lucent Enterprise signed a 9-year contract for starting new offices in Illkirch region, Alsace, and reaffirming its durability in the French market.

In 2020, Riedel Communications announced that the western Australian academy of performing arts had migrated its production communications infrastructure to Riedel’s Bolero wireless intercom systems by replacing an obsolete wired system. The bolero offers crystal clear, efficient, and easy-to-manage communications for academy performance crews at both on-campus and off-site venues. 

Global Wireless Intercom Market – by Type

  • Outdoor Intercom
  • Indoor Intercom


Global Wireless Intercom Market – by Technology

  • Wi-Fi Band
  • Radio Frequency
  • Others


Global Wireless Intercom Market – by Application

  • Residential
  • Commercial


Global Wireless Intercom Market – by Industry

  • Hospitality
  • Retail
  • Transportation and Logistics
  • Security and Surveillance
  • Event Management
  • Others


By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Company Profiles

  • Alcatel-Lucent S.A. (Nokia Corporation)
  • Aiphone Corporation
  • Clear-Com LLC
  • Commend International GmbH
  • Panasonic Corporation
  • RIEDEL
  • RTS intercom systems
  • Telephonics Corporation
  • VTech Holdings Limited
  • Wisycom Srl
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type , Technology , Application , and Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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


Which region led the wireless intercom market?

The global wireless intercom market is fragmented into five major regions such as North America, Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and South America (SAM). North America held the largest share of the wireless intercom market in 2019, followed by Asia Pacific and Europe. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period.

Which factor is driving the growth of the wireless intercom market?

Technological advancements played an essential role in redefining the communication space in the past few decades. Wireless products continue to gain popularity globally, minimizing manual tasks such as digging and assisting in cutting down equipment and labor costs. Hence, advancements in audio & video wireless intercom systems is driving the demand for wireless intercom market.

Which technology segment has highest growth rate in wireless intercom market?

Based on technology, the wireless intercom market is categorized into Wi-Fi band, radio frequency, and others. Radio frequency is the largest segment as they are easily generated and coming up with a better range, which allows them to offer a communication experience for outdoor activities. Others segment is the fastest-growing segment as they are newly advanced technologies coming up with several distinct features.

The List of Companies - Wireless Intercom Market

  1. Alcatel-Lucent S.A. (Nokia Corporation)
  2. Aiphone Corporation
  3. Clear-Com LLC
  4. Commend International GmbH
  5. Panasoic Corporation
  6. RIEDEL
  7. RTS intercom systems
  8. Telephonics Corporation
  9. VTech Holdings Limited
  10. Wisycom Srl

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Wireless Intercom Market