According to a new market report published by Transparency Market Research “Wireless Intercom Market - Asia Pacific (APAC) Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” the APAC wireless intercom market is expected to reach a value of US$ 1,134.8 Mn by 2023. The market is estimated to expand at a CAGR of 12.3% during the forecast period from 2015 to 2023. Further, the volume generated by APAC wireless intercom market for year 2014 was 2.64 Mn units and is expected to grow at a CAGR of 11.0% during the forecast period.
The rise in infrastructural growth due to the expansion of the urban population in APAC is expected to boost the demand for robust security and communication solutions in the coming years. This, in turn, is expected to boost the demand for wireless intercom for better communication for security and surveillance purposes. Furthermore, wireless intercom help reduce the initial cost of installation by nullifying the wiring requirement as compared to a wired intercom. The wireless intercom also fosters privacy during conversation through advanced encryption techniques and multiple channels. Wireless intercoms help security authorities improve communication with the added advantage of mobility.
Rest of APAC was the largest market for wireless intercoms in the year 2014, accounting for a market share of around 39.8%. Rest of APAC has a high adoption rate of wireless intercoms due to the high growth rate of commercial infrastructure, industrial complexes, and special economic zones (SEZs).
Among the application/end-use industry types, security and surveillance held the largest share of around 24.9% in 2014. Most infrastructure facilities in APAC region use wireless intercoms to monitor crowds and secure facilities. Furthermore, the demand for wireless intercoms is expected to grow in transportation and logistics and security and surveillance due to increased demand for new and replacement over the forecasted period.
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In terms of segmentation by technology, radio frequency (RF) by frequency was the largest segment of the wireless intercom market, accounting for approximately 81% of the total market in 2014. As RF-based wireless intercoms are easily available and inexpensive compared to Wi-Fi-based systems, the RF segment by frequency would see a moderate growth in APAC region. Furthermore, the impact of frequency regulation in some APAC countries is expected to impact the market of RF segment by frequency in coming years. Wi-Fi by frequency segment is expected to be the fastest-growing segment by technology, followed by wireless intercoms based on other technologies. Wi-Fi-based wireless intercoms offer a broader range of channel and more voice clarity than RF-based wireless intercom which is expected to boost its market growth in the coming years.
In recent years, wireless intercoms have gained popularity owing their easy installability and broader communication range. Also, the number of belt packs connected to the base station has also increased in recent years, improving the scalability of the surveillance ecosystem. Clear-Com Ltd. (HME Company), ZENITEL GROUP, Telephonics Corporation, Sena Technologies, Inc., Panasonic Corporation, Riedel Communications GmbH & Co KG, RTS Intercom (part of Bosch Security Systems, Inc.), and Commend International GmbH are major players that have been profiled in the wireless intercom market report