The General Communication Equipment Global Market Report 2023 by The Business Research Company, provides general communication equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s General Communication Equipment Global Market Report 2023, the market size is expected to grow from $47.32 billion in 2022 to $51.27 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global general communication equipment is expected to grow to $69.28 billion in 2027 at a CAGR of 7.8%.
Stringent government regulations and mandates contribute to the general communication equipment market’s growth. General communication equipment are used for safety and security purposes. Globally, different government agencies have implemented various laws regarding the installation of communication equipment such as fire safety equipment in organizations to ensure employees’ safety.
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The general communication equipment market is segmented:
1) By By Product Type: Alarm Systems And Equipment, Fire Detection Equipment, Smoke Detectors, Intercoms Systems And Equipment, Traffic Signals, Other Product Types
2) By End-User: Commercial, Industrial, Military , Other End-Users
3) By Types: Mobile, Fixed Line Devices
Implementation of long-term evolution (LTE) technology-based intercoms, have been gaining acceptance from companies across all industries. LTE is a modern IP communicator, which provides high data for clear voice communication, full HD video streaming and a faster installation of the intercom. For instance, in March 2021, NVT Phybridge entered into a strategic partnership with 2N to help reduce deploying costs and complexities of 2N IP intercoms (including the first LTE/4G intercom) and other communication and security solutions. 2N, an European company launched 2N LTE verso intercom for usage in residences, office buildings, apartment buildings and family homes to provide e-mail shot of the visitor captured by HD camera, when intercom detects movement near the door. Thereby, LTE based intercoms is expected to be a major trend in the general communication equipment market.
The general communication equipment market report table of contents includes:
- Executive Summary
- General Communication Equipment Market Characteristics
- General Communication Equipment Market Trends And Strategies
- General Communication Equipment Market – Macro Economic Scenario
- General Communication Equipment Market Size And Growth
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- Africa General Communication Equipment Market
- General Communication Equipment Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The General Communication Equipment Market
- General Communication Equipment Market Future Outlook and Potential Analysis
- Appendix
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