APAC Wireless Intercom Market to Reach US$1,134.8 mn by 2023

Infrastructural growth in APAC is expected to drive the demand for wireless intercoms in the coming years. The demand for wireless intercoms is expected to increase from the security and surveillance sector due to the ease of communication and improvements in the scalability of surveillance ecosystem that these systems offer. Furthermore, the use of wireless intercoms in home security solutions is expected to boost its growth in security and surveillance sector in the coming years. The APAC wireless intercom market had generated revenue of US$ 403.70 Mn in 2014; this is projected to expand at a CAGR of 12.3% during the forecast period (2015 – 2023) and reach a market size of US$ 1,134.82 Mn by 2023. The volume generated by APAC wireless intercom market for year 2014 was 2.64 Mn units and is expected to grow at a CAGR of 11.0% during the forecast period and reach a market size of 6.69 Mn units by 2023.

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The growing investment in the hospitality industry in ASEAN and Rest of APAC regions is expected to boost the demand for wireless intercom in the coming years. Furthermore, the application of wireless intercoms is expected to rise in the transportation and logistics sector owing to the high investment in inland and waterway transportation in the region. The impact of frequency regulation would be lower in APAC than in Europe and North America. Therefore, the demand for wireless intercom would be prominent in APAC as it comprises mostly developing countries. However, frequency regulation in Australia, Japan and New Zealand is expected to have an impact on the growth of the wireless intercom market.

The wireless intercom market is categorized based on industry vertical into the retail, event management, hospitality, security and surveillance, transportation and logistics, and others segments. In 2014, Rest of APAC occupied a major share of the APAC wireless intercom market. This was due to the increase in infrastructural investment in both commercial and industrial sectors in many developing countries. Less growth in APAC’s organized retail sector would contribute to a moderate growth in the region as compared to other industrial verticals for wireless intercom market in the coming years. The overall adoption of wireless intercom is majorly caused by the infrastructural growth in different countries of APAC. Therefore, ASEAN and Rest of APAC would contribute more demand and revenue for wireless intercom market. China is expected to see moderate growth due to saturation in infrastructural development as compared to other countries in APAC.

According to technology, wireless intercoms market is further categorized into three segments: Wi-Fi, Radio Frequency and others. Furthermore, the channel segmentation is also provided for RF by technology segmentation. The Wi-Fi-based wireless intercom is expected to see the fastest growth, at a CAGR of 19.8% during the forecast period. Furthermore, the largest segment in 2014 was the RF-based wireless intercoms with a revenue of US$ 328.9 Mn. Many wireless intercom manufacturers are focusing on providing Wi-Fi-based wireless intercom solution due to the advantage of better voice clarity than RF-based wireless intercoms. The importance of multi-channel wireless intercoms is expected to increase owing to the demand for privacy in conversations.

Wireless intercom manufacturers are also focusing on providing wireless intercom solutions to cater to specific industrial needs in order to strengthen its market. Additionally, some manufacturers provide wireless intercom on a rental basis in order to tap large customers and create long-term contracts. Most wireless intercom manufacturers have partnered with regional distributors in order to increase their geographical reach. However, manufacturers have also set up regional offices in China, Singapore, Australia, and India in order to provide customized solution to large customers in APAC region. In 2014, some of the key manufacturers of wireless intercoms were Clear-Com (HME Company), Zenitel Group, Telephonics Corporation, Sena Technologies, Panasonic Corporation, Riedel Communications GmbH & Co KG, RTS Intercom (part of Bosch Security Systems, Inc.), and Commend International GmbH.

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