Overview and Scope
Public address and voice alarm systems are designed to provide clear instructions and information during emergencies, aiding in the safe evacuation of buildings. These systems use a combination of public address capabilities and voice alarm features to broadcast messages that guide occupants during fire, bomb alerts, or other emergencies.
Sizing and Forecast
The public address and voice alarm systems market size has grown strongly in recent years. It will grow from $2.74 billion in 2023 to $2.87 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to increasing safety and security concerns, rapid urbanization, the need for modernized communication systems, increasing investments, and the growth of transport infrastructure.
The public address and voice alarm systems market size is expected to see strong growth in the next few years. It will grow to $4.17 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to growing demand for eco-friendly and energy-efficient, increasing emphasis on emergency preparedness and evacuation, demand for mass notification systems, adoption of cloud-based solutions, and integration with building management systems. Major trends in the forecast period include innovations such as digital signal processing, networked audio systems, wireless communication, infrastructure development, advancements in audio technology, development of voice recognition, and Internet of Things (IoT) devices and smart building solutions.
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Segmentation & Regional Insights
The public address and voice alarm systems market covered in this report is segmented –
1) By Type: Centralized, Distributed
2) By Component: Loudspeaker, Controllers, Amplifier, Microphone, Other Components
3) By Technology: Digital System, Analog System, Internet Protocol (IP) System
4) By Application: Industrial, Commercial, Hospitality, Transportation, Other Applications
North America was the largest region in the public address and voice alaram systems market in 2023. The regions covered in the public address and voice alarm systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing incidences of fire and workplace accidents are expected to propel the growth of the public address and voice alarm systems market. Fire and workplace accidents are significant hazards that can lead to severe consequences in various work environments. Public address and voice alarm systems are designed and implemented to enhance fire safety and mitigate workplace accidents by promptly notifying occupants of emergencies, including fires and other workplace risks. For instance, in November 2023, according to the National Fire Protection Association (NFPA), a US-based nonprofit organization, approximately 1.5 million fires were reported in the United States in 2021, resulting in 3,790 civilian deaths and $18 billion in direct property damage. Therefore, increasing incidences of fire and workplace accidents are driving the public address and voice alarm systems market.
Key Industry Players
Major companies operating in the public address and voice alarm systems market are Siemens AG, Schneider Electric SE, Honeywell International Inc., Johnson Controls International plc, Eaton Corporation plc, Legrand Group, Hubbell Incorporated, Federal Signal Corporation, Hochiki Corporation, Aiphone Corporation, Schrack Seconet AG, Mircom Technologies Ltd., Biamp Systems LLC, Potter Electric Signal Company LLC, TOA Electronics Europe GmbH, RCF S.p.A., Bosch Security Systems Inc., Wormald Australia, Chemito Infotech Pvt. Ltd., Genasys Inc., AtlasIED, Behringer, Telecor Inc., Renkus-Heinz Inc., Commend International GmbH, Optimus S.A., Bogen Communications LLC, Baldwin Boxall Communications Ltd., Lencore Acoustics Corporation, Signal Communications Corporation (SigCom), Heinrich Limited
The public address and voice alarm systems market report table of contents includes:
1. Executive Summary
2. Public Address And Voice Alarm Systems Market Characteristics
3. Public Address And Voice Alarm Systems Market Trends And Strategies
4. Public Address And Voice Alarm Systems Market – Macro Economic Scenario
5. Global Public Address And Voice Alarm Systems Market Size and Growth
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32. Global Public Address And Voice Alarm Systems Market Competitive Benchmarking
33. Global Public Address And Voice Alarm Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Public Address And Voice Alarm Systems Market
35. Public Address And Voice Alarm Systems Market Future Outlook and Potential Analysis
36. Appendix
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