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 |
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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.
