General Communication Equipment Global Market Report 2024

The general communication equipment market size has grown strongly in recent years. It will grow from $49.09 billion in 2023 to $52.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The historic growth of general communication equipment was propelled by the telecommunication revolution, digitalization, expanded internet accessibility, advancements in wireless communication, the evolution of satellite communication, and the development of fiber optic networks.

The general communication equipment market size is expected to see strong growth in the next few years. It will grow to $71.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. General communication equipment's forecasted growth relies on interoperability, sustainability, remote work facilitation, cybersecurity, and cloud-based services. Trends include open source tools, green solutions, remote work support, cybersecurity enhancement, and wireless advancements.

Stringent government regulations and mandates play a crucial role in driving the growth of the general communication equipment market, particularly concerning safety and security applications. Governments worldwide have implemented various laws governing the installation of communication equipment, including fire safety systems, in organizations to ensure the safety of employees. An example of such regulations is found in the U.S., where the 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 heightened emphasis on safety by government agencies has consequently increased the demand for general communication equipment in the market.

The growth of the general communication equipment market is expected to be propelled by increasing connectivity. This surge in connectivity is primarily driven by the widespread adoption of digital devices, the growth of the Internet of Things (IoT), the expansion of telecommunications infrastructure (such as 5G networks), remote work trends, and the growing need for seamless communication and data exchange in personal and professional settings. The proliferation of digital devices has led to a heightened demand for advanced general communication equipment. For example, as of July 2023, IoT Analytics reported a global growth rate of 16%, reaching 16.7 billion connected IoT devices in the same year. While the growth rate in 2023 is slightly lower than in 2022, predictions indicate that IoT device connections will continue to grow steadily. By 2027, it is estimated that there will be more than 29 billion IoT connections, showcasing the sustained impact of increasing connectivity on the general communication equipment market's growth in the forecast period.

The general communication equipment market is expected to face constraints due to initial investments and high installation costs. The pricing of general communication equipment, such as intercom systems, varies based on factors such as on-site inspection to determine the installation of traditional or wireless intercom systems. For instance, a two-module intercom setup is estimated to cost between $200-$300 without installation. Business intercom systems, designed for faster communication between co-workers, are priced between $200-$700, depending on features. Industrial intercom models equipped with speakers and adjustable volume may cost between $750-$1000. Consequently, the high cost associated with general communication equipment is acting as a limitation to market growth.

The implementation of long-term evolution (LTE) technology-based intercoms is gaining widespread acceptance across various industries. LTE, being a modern IP communicator, offers high data speeds for clear voice communication, full HD video streaming, and facilitates faster intercom installation. For instance, in March 2021, NVT Phybridge entered a strategic partnership with 2N to reduce the deployment costs and complexities associated with 2N IP intercoms, including the first LTE/4G intercom, along with other communication and security solutions. The European company, 2N, launched the 2N LTE Verso intercom designed for use in residences, office buildings, apartment buildings, and family homes. It captures an email shot of the visitor through an HD camera when the intercom detects movement near the door. Consequently, LTE-based intercoms are anticipated to be a significant trend in the general communication equipment market.

Major companies in the general communication equipment market are introducing innovative technologies such as Webex Calling to gain a competitive edge. The new enhancements in Webex Calling within the Webex Suite, launched by Cisco in June 2022, aim to improve work flexibility, reliability, and audio quality. This innovative technology addresses issues such as dropped calls during network disruptions and low broadband bandwidth. Additionally, it incorporates a feature that leverages the intelligence of the Webex Suite to automatically eliminate background noise from external callers, thereby enhancing audio quality.

In April 2021, Pye-Barker Fire, a provider of fire and life safety protection services, successfully acquired T & S Fire and Security for an undisclosed sum. This strategic move is geared towards achieving substantial and swift company growth by expanding Pye-Barker's presence across the country. T & S Fire specializes in fire alarm systems, portables, pre-engineered systems, and special hazard services.

Major companies operating in the general communication equipment market report are Apple Inc., Google LLC, Microsoft Corporation, ZTE Corporation, AT&T Inc., Huawei Technologies Co. Ltd., Sonim Technologies Inc., Panasonic Corporation, LG Electronics Inc., Lenovo Group Limited, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Incorporated, Xiaomi Corporation, Hewlett Packard Enterprise Company, Ericsson AB, Nokia Corporation, Harris Corporation, L3Harris Technologies Inc., Motorola Solutions Inc., Juniper Networks Inc., Siemens Enterprise Communications GmbH & Co. KG, Nortel Networks Corporation, Alcatel-Lucent SA, Vonage Holdings Corp., Adtran Inc., Comtech Telecommunications Corp., Speedflow Communications Limited, ECI Telecom Ltd., MDS Gateways International Inc., Roc Tel International LLC, Viasat Inc., Ubiquiti Inc., CalAmp Corp. Asia-Pacific was the largest region in the general communication equipment market in 2023. North America was the second largest region of the global general communication equipment market share. The regions covered in the general communication equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The primary categories of such equipment include mobile and fixed-line devices. Fixed-line connections utilize cables for users to make phone calls or access the internet. Product variations encompass alarm systems, fire detection equipment, smoke detectors, intercom systems, traffic signals, and more. These tools find application in commercial, industrial, military, and other sectors.

The general communication equipment market research report is one of a series of new reports that provides general communication equipment market statistics, including general communication equipment industry global market size, regional shares, competitors with a general communication equipment market share, detailed general communication equipment market segments, market trends and opportunities, and any further data you may need to thrive in the general communication equipment industry. This general communication equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries covered in the general communication equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The general communication equipment market consists of sales of intercom systems and signaling equipment. These devices perform functions such as short-range communication, data transmission, and networking. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.