The general communication equipment market size has grown strongly in recent years. It will grow from $49.09 billion in 2023 to $52.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The historic growth of general communication equipment was propelled by the telecommunication revolution, digitalization, expanded internet accessibility, advancements in wireless communication, the evolution of satellite communication, and the development of fiber optic networks.
The general communication equipment market size is expected to see strong growth in the next few years. It will grow to $71.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. General communication equipment's forecasted growth relies on interoperability, sustainability, remote work facilitation, cybersecurity, and cloud-based services. Trends include open source tools, green solutions, remote work support, cybersecurity enhancement, and wireless advancements.
Stringent government regulations and mandates play a crucial role in driving the growth of the general communication equipment market, particularly concerning safety and security applications. Governments worldwide have implemented various laws governing the installation of communication equipment, including fire safety systems, in organizations to ensure the safety of employees. An example of such regulations is found in the U.S., where the government, in accordance with the 15 U.S. Code 2227, mandates the installation of fire safety systems with appropriate warning signals in federally assisted buildings. The heightened emphasis on safety by government agencies has consequently increased the demand for general communication equipment in the market.
The growth of the general communication equipment market is expected to be propelled by increasing connectivity. This surge in connectivity is primarily driven by the widespread adoption of digital devices, the growth of the Internet of Things (IoT), the expansion of telecommunications infrastructure (such as 5G networks), remote work trends, and the growing need for seamless communication and data exchange in personal and professional settings. The proliferation of digital devices has led to a heightened demand for advanced general communication equipment. For example, as of July 2023, IoT Analytics reported a global growth rate of 16%, reaching 16.7 billion connected IoT devices in the same year. While the growth rate in 2023 is slightly lower than in 2022, predictions indicate that IoT device connections will continue to grow steadily. By 2027, it is estimated that there will be more than 29 billion IoT connections, showcasing the sustained impact of increasing connectivity on the general communication equipment market's growth in the forecast period.
The general communication equipment market is expected to face constraints due to initial investments and high installation costs. The pricing of general communication equipment, such as intercom systems, varies based on factors such as on-site inspection to determine the installation of traditional or wireless intercom systems. For instance, a two-module intercom setup is estimated to cost between $200-$300 without installation. Business intercom systems, designed for faster communication between co-workers, are priced between $200-$700, depending on features. Industrial intercom models equipped with speakers and adjustable volume may cost between $750-$1000. Consequently, the high cost associated with general communication equipment is acting as a limitation to market growth.
The implementation of long-term evolution (LTE) technology-based intercoms is gaining widespread acceptance across various industries. LTE, being a modern IP communicator, offers high data speeds for clear voice communication, full HD video streaming, and facilitates faster intercom installation. For instance, in March 2021, NVT Phybridge entered a strategic partnership with 2N to reduce the deployment costs and complexities associated with 2N IP intercoms, including the first LTE/4G intercom, along with other communication and security solutions. The European company, 2N, launched the 2N LTE Verso intercom designed for use in residences, office buildings, apartment buildings, and family homes. It captures an email shot of the visitor through an HD camera when the intercom detects movement near the door. Consequently, LTE-based intercoms are anticipated to be a significant trend in the general communication equipment market.
Major companies in the general communication equipment market are introducing innovative technologies such as Webex Calling to gain a competitive edge. The new enhancements in Webex Calling within the Webex Suite, launched by Cisco in June 2022, aim to improve work flexibility, reliability, and audio quality. This innovative technology addresses issues such as dropped calls during network disruptions and low broadband bandwidth. Additionally, it incorporates a feature that leverages the intelligence of the Webex Suite to automatically eliminate background noise from external callers, thereby enhancing audio quality.
In April 2021, Pye-Barker Fire, a provider of fire and life safety protection services, successfully acquired T & S Fire and Security for an undisclosed sum. This strategic move is geared towards achieving substantial and swift company growth by expanding Pye-Barker's presence across the country. T & S Fire specializes in fire alarm systems, portables, pre-engineered systems, and special hazard services.
Major companies operating in the general communication equipment market report are Apple Inc., Google LLC, Microsoft Corporation, ZTE Corporation, AT&T Inc., Huawei Technologies Co. Ltd., Sonim Technologies Inc., Panasonic Corporation, LG Electronics Inc., Lenovo Group Limited, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Incorporated, Xiaomi Corporation, Hewlett Packard Enterprise Company, Ericsson AB, Nokia Corporation, Harris Corporation, L3Harris Technologies Inc., Motorola Solutions Inc., Juniper Networks Inc., Siemens Enterprise Communications GmbH & Co. KG, Nortel Networks Corporation, Alcatel-Lucent SA, Vonage Holdings Corp., Adtran Inc., Comtech Telecommunications Corp., Speedflow Communications Limited, ECI Telecom Ltd., MDS Gateways International Inc., Roc Tel International LLC, Viasat Inc., Ubiquiti Inc., CalAmp Corp. Asia-Pacific was the largest region in the general communication equipment market in 2023. North America was the second largest region of the global general communication equipment market share. The regions covered in the general communication equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The primary categories of such equipment include mobile and fixed-line devices. Fixed-line connections utilize cables for users to make phone calls or access the internet. Product variations encompass alarm systems, fire detection equipment, smoke detectors, intercom systems, traffic signals, and more. These tools find application in commercial, industrial, military, and other sectors.
The general communication equipment market research report is one of a series of new reports that provides general communication equipment market statistics, including general communication equipment industry global market size, regional shares, competitors with a general communication equipment market share, detailed general communication equipment market segments, market trends and opportunities, and any further data you may need to thrive in the general communication equipment industry. This general communication equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The countries covered in the general communication equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The general communication equipment market consists of sales of intercom systems and signaling equipment. These devices perform functions such as short-range communication, data transmission, and networking. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The general communication equipment market size is expected to see strong growth in the next few years. It will grow to $71.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. General communication equipment's forecasted growth relies on interoperability, sustainability, remote work facilitation, cybersecurity, and cloud-based services. Trends include open source tools, green solutions, remote work support, cybersecurity enhancement, and wireless advancements.
Stringent government regulations and mandates play a crucial role in driving the growth of the general communication equipment market, particularly concerning safety and security applications. Governments worldwide have implemented various laws governing the installation of communication equipment, including fire safety systems, in organizations to ensure the safety of employees. An example of such regulations is found in the U.S., where the government, in accordance with the 15 U.S. Code 2227, mandates the installation of fire safety systems with appropriate warning signals in federally assisted buildings. The heightened emphasis on safety by government agencies has consequently increased the demand for general communication equipment in the market.
The growth of the general communication equipment market is expected to be propelled by increasing connectivity. This surge in connectivity is primarily driven by the widespread adoption of digital devices, the growth of the Internet of Things (IoT), the expansion of telecommunications infrastructure (such as 5G networks), remote work trends, and the growing need for seamless communication and data exchange in personal and professional settings. The proliferation of digital devices has led to a heightened demand for advanced general communication equipment. For example, as of July 2023, IoT Analytics reported a global growth rate of 16%, reaching 16.7 billion connected IoT devices in the same year. While the growth rate in 2023 is slightly lower than in 2022, predictions indicate that IoT device connections will continue to grow steadily. By 2027, it is estimated that there will be more than 29 billion IoT connections, showcasing the sustained impact of increasing connectivity on the general communication equipment market's growth in the forecast period.
The general communication equipment market is expected to face constraints due to initial investments and high installation costs. The pricing of general communication equipment, such as intercom systems, varies based on factors such as on-site inspection to determine the installation of traditional or wireless intercom systems. For instance, a two-module intercom setup is estimated to cost between $200-$300 without installation. Business intercom systems, designed for faster communication between co-workers, are priced between $200-$700, depending on features. Industrial intercom models equipped with speakers and adjustable volume may cost between $750-$1000. Consequently, the high cost associated with general communication equipment is acting as a limitation to market growth.
The implementation of long-term evolution (LTE) technology-based intercoms is gaining widespread acceptance across various industries. LTE, being a modern IP communicator, offers high data speeds for clear voice communication, full HD video streaming, and facilitates faster intercom installation. For instance, in March 2021, NVT Phybridge entered a strategic partnership with 2N to reduce the deployment costs and complexities associated with 2N IP intercoms, including the first LTE/4G intercom, along with other communication and security solutions. The European company, 2N, launched the 2N LTE Verso intercom designed for use in residences, office buildings, apartment buildings, and family homes. It captures an email shot of the visitor through an HD camera when the intercom detects movement near the door. Consequently, LTE-based intercoms are anticipated to be a significant trend in the general communication equipment market.
Major companies in the general communication equipment market are introducing innovative technologies such as Webex Calling to gain a competitive edge. The new enhancements in Webex Calling within the Webex Suite, launched by Cisco in June 2022, aim to improve work flexibility, reliability, and audio quality. This innovative technology addresses issues such as dropped calls during network disruptions and low broadband bandwidth. Additionally, it incorporates a feature that leverages the intelligence of the Webex Suite to automatically eliminate background noise from external callers, thereby enhancing audio quality.
In April 2021, Pye-Barker Fire, a provider of fire and life safety protection services, successfully acquired T & S Fire and Security for an undisclosed sum. This strategic move is geared towards achieving substantial and swift company growth by expanding Pye-Barker's presence across the country. T & S Fire specializes in fire alarm systems, portables, pre-engineered systems, and special hazard services.
Major companies operating in the general communication equipment market report are Apple Inc., Google LLC, Microsoft Corporation, ZTE Corporation, AT&T Inc., Huawei Technologies Co. Ltd., Sonim Technologies Inc., Panasonic Corporation, LG Electronics Inc., Lenovo Group Limited, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Incorporated, Xiaomi Corporation, Hewlett Packard Enterprise Company, Ericsson AB, Nokia Corporation, Harris Corporation, L3Harris Technologies Inc., Motorola Solutions Inc., Juniper Networks Inc., Siemens Enterprise Communications GmbH & Co. KG, Nortel Networks Corporation, Alcatel-Lucent SA, Vonage Holdings Corp., Adtran Inc., Comtech Telecommunications Corp., Speedflow Communications Limited, ECI Telecom Ltd., MDS Gateways International Inc., Roc Tel International LLC, Viasat Inc., Ubiquiti Inc., CalAmp Corp. Asia-Pacific was the largest region in the general communication equipment market in 2023. North America was the second largest region of the global general communication equipment market share. The regions covered in the general communication equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The primary categories of such equipment include mobile and fixed-line devices. Fixed-line connections utilize cables for users to make phone calls or access the internet. Product variations encompass alarm systems, fire detection equipment, smoke detectors, intercom systems, traffic signals, and more. These tools find application in commercial, industrial, military, and other sectors.
The general communication equipment market research report is one of a series of new reports that provides general communication equipment market statistics, including general communication equipment industry global market size, regional shares, competitors with a general communication equipment market share, detailed general communication equipment market segments, market trends and opportunities, and any further data you may need to thrive in the general communication equipment industry. This general communication equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The countries covered in the general communication equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The general communication equipment market consists of sales of intercom systems and signaling equipment. These devices perform functions such as short-range communication, data transmission, and networking. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. General Communication Equipment Market Characteristics3. General Communication Equipment Market Trends and Strategies32. Global General Communication Equipment Market Competitive Benchmarking33. Global General Communication Equipment Market Competitive Dashboard34. Key Mergers and Acquisitions in the General Communication Equipment Market
4. General Communication Equipment Market - Macro Economic Scenario
5. Global General Communication Equipment Market Size and Growth
6. General Communication Equipment Market Segmentation
7. General Communication Equipment Market Regional and Country Analysis
8. Asia-Pacific General Communication Equipment Market
9. China General Communication Equipment Market
10. India General Communication Equipment Market
11. Japan General Communication Equipment Market
12. Australia General Communication Equipment Market
13. Indonesia General Communication Equipment Market
14. South Korea General Communication Equipment Market
15. Western Europe General Communication Equipment Market
16. UK General Communication Equipment Market
17. Germany General Communication Equipment Market
18. France General Communication Equipment Market
19. Italy General Communication Equipment Market
20. Spain General Communication Equipment Market
21. Eastern Europe General Communication Equipment Market
22. Russia General Communication Equipment Market
23. North America General Communication Equipment Market
24. USA General Communication Equipment Market
25. Canada General Communication Equipment Market
26. South America General Communication Equipment Market
27. Brazil General Communication Equipment Market
28. Middle East General Communication Equipment Market
29. Africa General Communication Equipment Market
30. General Communication Equipment Market Competitive Landscape and Company Profiles
31. General Communication Equipment Market Other Major and Innovative Companies
35. General Communication Equipment Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
General Communication Equipment Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on general communication equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for general communication equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Types: Mobile, Fixed Line Devices
2) By Product Type: Alarm Systems and Equipment; Fire Detection Equipment; Smoke Detectors; Intercoms Systems and Equipment; Traffic Signals; Other Product Types
3) By End-user: Commercial; Industrial; Military ; Other End-Users
Key Companies Mentioned: Apple Inc.; Google LLC; Microsoft Corporation; ZTE Corporation; AT&T Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Apple Inc.
- Google LLC
- Microsoft Corporation
- ZTE Corporation
- AT&T Inc.
- Huawei Technologies Co. Ltd.
- Sonim Technologies Inc.
- Panasonic Corporation
- LG Electronics Inc.
- Lenovo Group Limited
- International Business Machines Corporation
- Cisco Systems Inc.
- Qualcomm Incorporated
- Xiaomi Corporation
- Hewlett Packard Enterprise Company
- Ericsson AB
- Nokia Corporation
- Harris Corporation
- L3Harris Technologies Inc.
- Motorola Solutions Inc.
- Juniper Networks Inc.
- Siemens Enterprise Communications GmbH & Co. KG
- Nortel Networks Corporation
- Alcatel-Lucent SA
- Vonage Holdings Corp.
- Adtran Inc.
- Comtech Telecommunications Corp.
- Speedflow Communications Limited
- ECI Telecom Ltd.
- MDS Gateways International Inc.
- Roc Tel International LLC
- Viasat Inc.
- Ubiquiti Inc.
- CalAmp Corp.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 52.36 Billion |
| Forecasted Market Value ( USD | $ 71.02 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 34 |
