APAC Wireless Intercom Market to Reach US$1,134.8 mn by 2023

According to a new market report published by Transparency Market Research “Wireless Intercom (By End-user - Small and Medium Enterprises (SMEs) and Large Enterprises; By Industry Vertical – Retail, Event Management, Hospitality, Security and Surveillance, Transportation and Logistics and Others; By Technology – Wi-Fi, Radio Frequency, Others; By Price – By Dealership, By End-User) 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, rising from US$ 403.7 Mn in 2014. The market is estimated to expand at a CAGR of 12.3% during the forecast period from 2015 to 2023. Furthermore, the volume generated by the APAC wireless intercom market for year 2014 was 2.64 Mn units and is expected to expand at a CAGR of 11.0% during the forecast period.
 
ASEAN is expected to be the fastest-growing market for wireless intercoms with an estimated CAGR of 16.5% during the forecast period (2015–2023). Due to the growing footprint of the retail and security and surveillance sectors, the adoption of wireless intercoms in ASEAN is expected to rise faster in the coming years. Countries such as Vietnam, Cambodia, and Indonesia are expected to see substantial growth in the adoption of wireless intercom solutions due to high FDI flow and infrastructure development. In the coming years, the market for Wi-Fi-based intercoms is expected to expand at a CAGR of 23.3%—significantly higher than other types of intercom solutions. Furthermore, due to the high number of small-scale industries in ASEAN region, small- and medium-scale enterprise would contribute a significant market revenue for wireless intercom solutions in the coming years.

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At present, China contributes significant market revenue to the wireless intercom market. The application of wireless intercom solutions is expected to see a major rise in the Chinese retail industry in the coming years. This is due to the expansion of the organized retail sector in China. RF-based wireless intercom solutions contributed nearly 80% of market revenue of the Chinese market in the year 2014. The replacement of wireless intercoms between 698 and 790 MHz bandwidth by those in the ranges of 540 MHz–680 MHz and 823 MHz–865 MHz is expected to boost the adoption of wireless intercoms ranging in the latter frequency bands. Australia was the largest market in Oceania, contributing 90.4% of the revenue of the wireless intercom market in the region. The retail and event management industry is expected to see potential growth in the adoption of wireless intercom systems for Oceania.
 
In terms of volume, China contributed the majority market share in the year 2014. However, ASEAN is expected to emerge as the fastest-growing region, in terms of volume, expanding at a CAGR of 15.2% in the coming years. Furthermore, the retail and security and surveillance sector would see a majority of volume growth in APAC in the coming years. The security and surveillance sector was a major contributor, in terms of volume, of the Chinese wireless intercom market in year 2014. The RF-based wireless intercom was a major contributor for ASEAN region in terms of volume in year 2014.
 
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 some of the major players profiled in the wireless intercom market report.
 
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