World Voice Alarm Systems Market

  • ID: 3633961
  • Report
  • Region: Global
  • 141 Pages
  • Frost & Sullivan
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Safety Standards in Developed Countries & Dynamic Construction in Developing Countries Drive Market Growth

FEATURED COMPANIES

  • Bosch
  • GE Security
  • Honeywell
  • Siemens
  • MORE
The global voice alarm systems (VAS) market is experiencing dynamic growth as voice-based systems become widely accepted in the market for fire and safety. As regulations and guidelines advance, VAS will begin to be required in more applications, penetrating the lower tiers of the market and opening up mass market opportunities to drive growth. This will lead to more entrants into the market, often selling compliant products at prices lower than that of competitors. As competitive pressure intensifies, Tier-I participants will increasingly focus on high-value applications for protection of smart buildings and infrastructure to maintain their margins and stay at the forefront of the industry.

Key Findings

Market Size and Penetration

- The global voice alarm systems market was valued at $X million in 2014 and is expected to reach $X million by 2019, with a strong compound annual growth rate (CAGR) of X% for the period 2014-2019.

- Voice alarm systems (VAS) will begin to be required in more applications, penetrating the lower tiers of the market and opening up mass market opportunities. This will lead to more entrants into the market, often selling compliant products at lower prices than incumbents.

- The average cost of systems will drop until margins get similar to those of fire alarm panels.

Pricing

- VAS pricing trends will witnesses dynamic and increasing price sensitivity, due to the widening price range. Top-end prices are going up as high-end solutions become more sophisticated, while fierce competition is bringing down prices at the lower end. Preference for low-end products will stay high for growth regions, especially Asia-Pacific.

- Due to high price sensitivity among customers, especially in developing countries, low-end products are increasingly preferred, thus increasing price competition in all markets.

Market Convergence

- VAS systems usually assist fire detection and alarm systems, which enables the growth of these two systems’ markets hand-in-hand.

Market Competition

- The VAS market is concentrated at the top end, with key leading multi-national companies (MNCs), such as Honeywell, Bosch, GE Security, and Siemens, dominating the top tier.

- More than a X% share of the overall market value is held by these companies, which have strong presence in North America, Europe, and a few developing regions.

- The competition is expected to intensify as the market grows and globalises, leading to both market consolidation of existing participants and the entry of new suppliers from fire and safety industries to partner with system integrators, re-sellers, and automation companies.

- Price competition will become stiff, due to limited product differentiation and the narrowing of the market, with the imposition of strict standards.

Hot Spots

- The VAS market has significant penetration in North America and Europe, with these regions contributing approximately X% to the overall market value in 2014. North America will see better growth, due to the combined effect of new regulatory standards and construction growth. However, growth in Europe is struggling to recover from the recent financial crisis.

- Meanwhile, the market is in a strong growth phase in Asia and the rest of world and is expected to offer fast growth rates throughout the forecast period.
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FEATURED COMPANIES

  • Bosch
  • GE Security
  • Honeywell
  • Siemens
  • MORE
1. Executive Summary
  • Key Findings
  • Market Engineering Measurements
  • CEO’s Perspective
  • Associated Multimedia
2. Market Overview
  • Market Scope and Definitions
  • Benefits of Voice Alarm Systems
  • Voice Alarm Vs Mass Notification Systems
  • Voice Alarm Systems - Recent Technologies
  • Key Questions This Study Will Answer
  • Highlights of Voice Alarm Standards and Codes
  • Market Segmentation by Region
  • Market Segmentation by Technology
  • Market Segmentation by End User Segments
  • Market Segmentation by Project Types
  • Market Distribution Channels
3. Drivers and Restraints - Total Voice Alarm Systems Market
  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained
4. Forecasts and Trends - Total Voice Alarm Systems Market
  • Market Engineering Measurements
  • Forecast Assumptions
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Pricing Trends
  • Per Cent Revenue Forecast by Region
  • Revenue Forecast by Region
  • Global Hot Spots
  • Revenue Forecast Discussion by Region
  • Revenue Forecast by End User Segments
  • Revenue Forecast Discussion by End User Segments
  • Revenue Forecast by Technology
  • Revenue Forecast Discussion by Technology
5. Market Share and Competitive Analysis - Total Voice Alarm Systems Market
  • Market Share
  • Market Share Analysis
  • Competitive Environment
  • Top Competitors
  • Competitive Factors and Assessment
6. Mega Trends and Industry Convergence Implications
  • Impact of Building Technologies Industry Mega Trends on the VAS Market
  • Mega Trend Impact on the VAS Market
  • Connectivity and Convergence-Mega Trend Explained
  • Infrastructure Development-Mega Trend Explained
  • ‘Smart’ is the New Green-Mega Trend Explained
7. CEO’s 360 Degree Perspective on the Building Technologies Industry
  • CEO’s 360 Degree Perspective
8. North America Analysis
  • North America Key Findings
  • Construction Sector Overview
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Pricing Trends
  • Revenue Forecast by Technology
  • Per Cent Revenue Forecast by Country
  • Market Trends by Key Select Countries
  • Market Share
  • Market Share Analysis
  • Competitive Environment
9. Europe Analysis
  • Europe Key Findings
  • Industry Challenges
  • Construction Sector and Smart Cities
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Pricing Trends
  • Revenue Forecast by Technology
  • Business Model in Europe
  • Per Cent Revenue Forecast by Region
  • Market Trends by Key Select Countries
  • Market Share
  • Market Share Analysis
  • Competitive Environment
10. APAC Analysis
  • APAC Key Findings
  • Construction Sector and Smart Cities
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Revenue Forecast by Technology
  • Per Cent Revenue Forecast by Region
  • Market Trends by Key Select Countries
  • Competitive Scenario
  • Competitive Environment
11. ROW Analysis
  • ROW Key Findings
  • Construction and Smart Cities
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Revenue Forecast by Technology
  • Per Cent Revenue Forecast by Region
  • Market Trends by Key Select Countries
  • Competitive Scenario
  • Competitive Environment
12. The Last Word
  • Three Big Predictions
  • Legal Disclaimer
13. Appendix
  • Market Engineering Methodology
  • List of Companies in "Others"
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- Bosch
- GE Security
- Honeywell
- Siemens
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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