Wireless Intercom Market - Need for Robust Security Solutions Boosts Demand for Wireless Intercoms
Over the last
decade, the adoption of wireless intercom in Asia Pacific has
witnessed a significant upswing. The infrastructural development in
this region has boosted the need for efficient security systems, of
which wireless intercoms are essential parts. This factor has been
driving the demand for wireless intercoms in this region remarkably.
Analysts at
Transparency Market Research project this trend to remain growing
over the next few years, leading to an upsurge in the adoption of
wireless intercoms in Asia Pacific. In 2014, the opportunity in
wireless intercom across Asia Pacific was worth US$0.4 bn. Rising at
a CAGR of 12.30% between 2015 and 2023, it is estimated to rise up to
US$1.1 bn by 2023.
Security and
Surveillance Emerges as Leading Application Area of Wireless
Intercoms
Event management,
security and surveillance, hospitality, retail, and transportation
and logistics are the prime application areas of wireless intercoms.
Among these, the security and surveillance segment has emerged as the
leading adopter of these intercoms. The rising crime rate has
increased the concerns over security among people in Asia Pacific,
leading to the growing demand for robust security solutions. Hence,
wireless intercoms, being an important part of these solutions, has
also witnessed a surge in demand in the recent times.
Browse
Press Release of this Research Report:
http://www.transparencymarketresearch.com/pressrelease/asia-pacific-wireless-intercom-market.htm
In 2014, the revenue
generated by the application of wireless intercoms in the security
and surveillance segment stood at US$100.7 mn. Expanding at a CAGR of
13.2% between 2015 and 2023, it is likely to reach US$302.5 mn by the
end of 2023.
Wireless
Intercoms to Witness Significant Adoption in the Rest of Asia Pacific
The wireless
intercom market in Asia Pacific stretches across Oceania, ASEAN,
China, and the Rest of Asia Pacific. The Rest of Asia Pacific,
including India, Taiwan, Japan, Pakistan, South Korea, Bangladesh,
Fiji, and Sri Lanka, led the overall demand for wireless intercoms in
2014 with a share of nearly 40%. The rising number of industrial
complexes, commercial infrastructure, and special economic zones
(SEZs), owing to the rapid industrialization, has boosted the
application of wireless intercoms in economies in the Rest of Asia
Pacific in the recent past.
Looking forward,
these intercoms are likely to witness a significant adoption in the
security and surveillance, hospitality, and retail sectors in many of
the countries in the Rest of Asia Pacific over the next few years. In
Japan and South Korea, the application of these intercoms will
experience a rise in the event management industry while in Pakistan,
Bangladesh, and Sri Lanka, their demand will rise in the security and
surveillance sector.
By the end of 2023,
the opportunity in wireless intercoms across the Rest of Asia will
increase up to US$2.1 bn from a US$0.83 bn in 2014.
Leading
Manufacturers of Wireless Intercoms in Asia Pacific
At the forefront of
the Asia Pacific wireless intercom market are Clear-Com Ltd., Commend
International GmbH, and RTS Intercom. Other prominent wireless
intercom manufacturers in this region are Panasonic Corp., Zenitel
Group, Sena Technologies Inc., Riedel Communications GmbH & Co.
KG, and Telephonics Corp.
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