Jan 07, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Vehicle Intercom System Market.
It was estimated prior to this unanticipated outbreak that the Vehicle Intercom System Market is likely to witness an impressive CAGR of 8.2% during the forecast period. Growing intricacies of military procedures and necessity for smoother communication in emergency vehicles are the factors that are driving the growth of the global vehicle intercom system market.
Vehicle Intercom System can be referred to as intercom systems of next-generation that are used in military, commercial, emergency, and airport ground support vehicles. It is highly useful for data communication, battle management, and tactical connectivity of the network.
Vehicle Intercom System includes some of the important components such as central unit, radio interface unit, wireless intercom unit, loudspeaker unit, and others. The intercom system can be wired as well as wireless and runs on analog as well as digital technology.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the application type, the market is segmented as military vehicles, commercial vehicles, airport ground support vehicles, and emergency vehicles. The military vehicles segment led the market in 2018, and is estimated to remain dominant during the forecast period. Military upgrading programs across the globe and increasing research and development activities executed by companies and governments to enhance the competence and working of military vehicles are some of the factors that are anticipated to bolster the growth of this segment in the coming five years.
Based on the component type, the market is segmented as central unit, crew control unit, radio interface unit, intercom user unit, wireless intercom unit, headset dismounted interface, loudspeaker unit, adapter, wire/cable, and tactical ethernet switch. The central unit segment is estimated to dominate the market during the forecast period. Various companies are working to scientifically upgrade the central unit of vehicle intercom systems, as the unit signifies a pivotal role in the customization of the comprehensive functionality of an intercom system.
Based on the technology type, the market is segmented as analog and digital. The digital segment is projected to lead the market in the coming five years. The growth is attributed by the claim for digital vehicle intercom systems across the globe, owing to effective and clear communication empowered by these systems.
Based on the type, the market is segmented as wired intercom system and wireless intercom system. The wireless intercom segment is estimated to register a higher growth during the forecast period. Wireless networks enable crew members to move with comfort without being tethered to a static position. This, in turn, is contributing to the demand for wireless networks.
In terms of regions, the European region led the vehicle intercom system market in 2018, and is also expected to maintain its dominance during the forecast period. Military developments by countries, such as Russia, the UK, France, and Germany and the high usage of intercoms in emergency and commercial vehicles in these nations are expected to boost the vehicle intercom system market in this region. North America and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.
Key players operating in the global Vehicle Intercom System market are-
Etex Group NV
James Hardie Industries PLC
Evonik Industries AG
Compagnie de Saint Gobain SA
Toray Industries Inc
The Siam Cement Public Company Limited
Cembrit Holding A/S.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Vehicle Intercom System analysis report discusses the following heads in great detail:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors