Global Vehicle Intercom System Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Vehicle intercom system is a new generation intercom system used in emergency vehicles such as military vehicles and ambulances. The system is used in noisy communications, various environmental conditions, and emergency situations to ensure clear communications without affecting end-his user's hearing. The various components associated with vehicle intercom systems are, B. Radio interface units, speaker units, wireless intercom units, wires/cables, and tactical Ethernet switches. These are used to create an intercom system according to your needs. These systems are highly robust and robust self-contained systems that can operate in all extreme weather conditions with uninterrupted communication and excellent stability. This system is used for communication between the vehicle radio system and the crew. The increasing military expenditure and growing usage of vehicle intercom in the defense sector are contributing towards the growth of the Global Vehicle Intercom System Market.
The increasing defense expenditure to modernize military infrastructure is contributing towards the growth of the Global Vehicle Intercom System Market. For instance - according to Stockholm International Peace Research Institute (SIPREE) - in 2020, the global military expenditure was estimated at USD 1981 Billion, and the world military expenditure reached USD 2113 billion in 2021. Also, rise in modernization of military and law enforcement sectors and increasing adoption of emergencies in the government sector would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Vehicle Intercom Systems stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Vehicle Intercom System Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players and growing defense expenditure in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising military expenditure and growing adoption of emergency vehicles in the region.
Major market players included in this report are:
Cobham Plc (UK)
Harris Corporation (US)
David Clark (US)
Elbit Systems (Israel)
Thales group (France)
Sytech Corporation (US)
Communications-Applied Technology (US)
Wolf Elec (UK)
Recent Developments in the Market:
In January 2021, Racal Acoustics, the UK-based global designer and manufacturer of audio communications and protection systems announced a new contract to supply the Danish Ministry of Defence Acquisition and Logistics Organisation (DALO), with their RA4000 Magna digital headset system. The 7-year framework contract is worth up to USD $4.7 million and includes a full support package comprising of training, consumables and spares, plus an option to supply follow-on orders, as required.
Global Vehicle Intercom System Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Application, Type, Technology, Component, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Airport Ground Support Vehicles
Radio Interface Unit
Crew Control Unit
Intercom User Unit (IUU)
Wireless Intercom Unit
Tactical Ethernet Switch
Rest of the World