Asia Pacific (APAC) Wireless Intercom Market - Forecast 2015 – 2023

Asia Pacific is undergoing a phase of rapid advancements in terms of economy and infrastructure. This infrastructural development has fuelled the need for robust security solutions across the region. The demand for efficient security in Asia Pacific is also witnessing a remarkable surge due to the growing concerns over threats to safety and security, considering the increased crime rate and terror attacks.

Intercoms, being one of the most essential components of a security systems, is, thereby, also witnessing an immense surge in demand in this region. Wireless intercoms, owing to their easy handling, experience a higher demand compared to traditional wired ones. Technical advancements in wireless intercoms, such as the integration of encryption techniques, is also an important factor behind the increasing preference for them over wired intercoms.

Going forward, the rocketing urbanization, together with the speedy growth of smart cities across Asia Pacific, is likely to prepare ground for the widespread application of wireless intercoms over the next few years in this region.

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Increasing Demand for Wi-Fi-based Wireless Intercoms to Impact Growth Rate of RF-based Wireless Intercoms

The Asia Pacific market for wireless intercom has witnessed a tremendous rise since the last decade, says TMR. Analysts expect it to remain registering steady growth in the near future. Rising at a CAGR of 12.30% between 2015 and 2023, the opportunity in wireless intercom, across Asia Pacific, is likely to increase from US$0.4 bn in 2014 to US$1.1 bn by the end of the forecast period.

Based on technology, radio frequency-based wireless intercoms led the overall market in 2014 with a demand share of more than 80%. The segment is likely expand at a CAGR 10.5% during the forecast period; however, with a 19.80% CAGR, the demand for Wi-Fi-based wireless intercoms will register the fastest growth over the next few years.

By end user, large enterprises are the key consumers of wireless intercoms in Asia Pacific. The trend is expected to remain the same during the forecast period. In terms of industry verticals, security and surveillance have emerged as the leading segment and is projected to continue to lead in the coming years.

Regionally, wireless intercoms enjoy maximum application in the Rest of Asia Pacific. Any change in this condition is not expected in the near future.

This 177 page report gives readers a comprehensive overview of the Wireless Intercom Market.

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The wireless intercom market is segmented as below:

By End-user

Small and Medium Enterprises (SMEs)

Large Enterprises

By Industry Vertical

Retail

Event Management

Hospitality

Security and Surveillance

Transportation and Logistics

Others

By Technology

Wi-Fi

By Wi-Fi Band

8 GHz

4 GHz

6 GHz

Radio Frequency

By RF Channel

Single

Dual

Multi

By RF Band

540 MHz – 680 MHz

721 MHz – 750 MHz

823 MHz – 865 MHz

Others

By Price

By Dealership

By End-user

By Region

China

ASEAN

Oceania

Rest of APAC

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This release was published on openPR.