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General Communication Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030

General Communication Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030

  • May 2021
  • 175 pages
  • ID: 6072056
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players in the general communication equipment market are Final List of Companies, Apple, Samsung Electronics, Alcatel-Lucent, LG Electronics, Google Inc., Qualcomm, Juniper Networks, Ericsson and ZTE.

The global general communication equipment market is expected to grow from $253.2 billion in 2020 to $265.38 billion in 2021 at a compound annual growth rate (CAGR) of 4.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $334.2 billion in 2025 at a CAGR of 6%.

The general communication equipment market consists of sales of general communication equipment and related services which are used for communication purposes.Communication equipment are devices that eases the communication between individuals and helps communicate important signals to an individual.

The general communication equipment include intercom systems and signalling equipment, fire detection equipment, alarm systems and equipment, traffic signals, and smoke detectors.

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. For instance, the U.S 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 increased need to ensure safety by the government agencies has increased the demand for the general communication equipment market.

Initial investments and high installation cost are expected to restrain the general communication equipment market.Price of general communication equipment such as intercoms systems varies on the basis of on-site inspection to determine the installation of traditional or wireless intercom systems.

For instance, a two-module intercom setup will cost between $200-$300 without installation, business intercom systems for faster communication between co-workers will cost between $200-$700 depending on features and industrial intercom models with speakers and adjustable volume will cost between $750-$1000. Thereby, high cost of general communication equipment is limiting the market growth.

The general communication equipment market covered in this report is segmented by product type into alarm systems and equipment, fire detection equipment, smoke detectors, intercoms systems and equipment, traffic signals, others. It is also segmented by end-user into commercial, industrial, military, others.

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 2018, 2N, a 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.

In October 2018, Zenitel, a Belgium based company, acquired intellectual property rights and intercom operations of Phontech from Jotron AS for an undisclosed amount through an asset purchase agreement.Addition of Phontech business will strengthen Zenitel, in the business for intelligent critical communication solutions.

Phontech, a Norway based company, is well known for intercom, public address and general alarm solutions with worldwide market presence.

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