Wireless Portable Intercom Market Size, Industry Share | Forecast 2028

According to Precision Business Insights (PBI), latest report, the wireless portable intercom market size was valued at USD 7,263.9 billion in 2021, growing at a 7.3% CAGR from 2022 to 2028 In any application, a wireless intercom provides for the wireless transfer of audio signals between a base station and end terminals. As a result, it features a single base station and several belt packs or substations. It has triple, dual, and single communication channels through which the belt packs can communicate. Over the forecast period, the market is expected to rise due to the rising demand for these devices in the security and surveillance sector. Video intercom systems are commonly used as video communication systems at the entrances and exits of offices, societies, and buildings, among other places.

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Residential Segment to Dominate the Wireless Portable Intercom Market:
The residential segment is expected to account for a larger revenue share in the global wireless portable intercom market, with a value share worldwide. It is projected to grow at a 7.6% CAGR between 2022 and 2028. The residential sector is undergoing significant changes worldwide, particularly in developing countries. Wireless intercom adoption is likely to accelerate in the following years, thanks to the introduction of smart cities and a focus on adopting new technology and facilities across residential complexes and townships. Over the last few decades, intercom systems have been quite popular in the residential sector.

Asia Pacific Wireless Portable Intercom Market:
The Asia Pacific market is expected to increase in the global wireless portable intercom market over the forecast period. It is projected to grow at a CAGR of 8.1% in the coming years. The Asia Pacific is likely to have a lucrative rise over the forecast period due to the increasing disposable incomes, and growing affluence has also encouraged the requirement for electronic security. This, in turn, will likely increase the need for wireless intercoms for improved security and surveillance communication. In addition, the present and future of intercoms are tied to the integration within home automation systems. The wireless intercom is used by the majority of infrastructure facilities in the Asia-Pacific region to monitor crowds and secure facilities, which is driving market growth.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global wireless portable intercom market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In 2020, Aiphone announced its IXG Series IP-based video intercom: a comprehensive solution proposing mixed-use and multi-tenant building managers with reliable network communication. In 2020, Alcatel-Lucent Initiative signed a nine-year contract for starting new offices in Illkirch region, Alsace, and restating its durability in the French market.

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The wireless portable intercom market is segmented based on technology type, application, and geography.
Based on the product, the market is segmented into the following:
• Bluetooth Technology
• Infrared Technology
• Radio Technology

Based on the application, the market is segmented into the following:
• Home Security
• Military/Security
• Firefighting
• Others

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Key players' profiles in the wireless portable intercom market report are Panasonic, Clear-Com, Zenitel Group, RTS Intercom, Riedel Communications, Telephonics Corporation, Sena Technologies Inc., Motorola Solutions Inc., Aiphone Co Ltd.

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