Wireless intercoms primarily communicate via Wi-Fi, radio frequencies, and other similar technologies, offering mobility to end users. Technological advancements have assisted manufacturers of wireless intercoms to increase the capacity and range of their devices and accommodate a high number of belt packs in the system. In the Asia Pacific wireless intercom market, wireless digital intercoms have been setting a new trend over the past few years. The use of wireless intercoms is consistently increasing across industries such as transportation and logistics, hospitality, retail, event management, and security and surveillance.
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RF band, Wi-Fi, and radio frequency are the most used technologies for setting up wireless intercoms. Wi-Fi-based wireless intercoms are predicted to experience the fastest growth, with the segment expected to exhibit a 19.80% CAGR from 2015 to 2023. In 2014, the RF band segment was the largest technology segment in the Asia Pacific wireless intercom market, valued at US$328.9 mn. Currently, many manufacturers of wireless intercom are concentrating on offering Wi-Fi wireless intercom solutions considering the benefit of enhanced voice clarity. The adoption of multi-channel wireless intercoms is predicted to increase in the years to come due to the rising demand for privacy in conversations.
Investments in Hospitality Industry Continue to Rise
The investment in the hospitality industry in Asia is expected to rise in the years to come, which is likely to propel the Asia Pacific wireless intercom market. Considering the growing application of wireless intercoms, the Asia Pacific market is expected to grow rapidly during the period from 2015 to 2023. In 2014, the Asia Pacific wireless intercom market stood at US$403.7 mn. The market is predicted to reach US$1.1 bn by 2023, exhibiting a CAGR of 12.30% from 2015 to 2023. By volume, the Asia Pacific wireless intercom market stood at 2.64 mn units in 2014 and is expected to reach 6.69 mn units by 2023. Based on volume, the market is expected to exhibit an 11.0% CAGR from 2015 to 2023.
Partnerships with Regional Distributors to Benefit Global Manufacturers of Wireless Intercoms
Manufacturers of wireless intercom in Asia Pacific are also engaged in manufacturing custom-made wireless intercoms to meet specific needs of the patrons. With this, key players are planning to maintain their dominance in the Asia Pacific wireless intercom market. The availability of high-quality wireless intercoms on a rental basis is a boon for the Asia Pacific market.
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Partnerships with regional distributors is a rising trend among the key manufacturers of wireless intercoms. However, for business growth, key manufacturers have set up offices in dynamic countries such as India, China, Singapore, and Australia. Some of the key players operating in the Asia Pacific wireless intercom market are Clear-Com (HME Company), Telephonics Corporation, Panasonic Corporation, RTS Intercom (part of Bosch Security Systems, Inc.), Zenitel Group, Sena Technologies, Riedel Communications GmbH & Co KG, and Commend International GmbH.
Based on region, the Asia Pacific wireless intercom market is divided into ASEAN, China, Oceania, and Rest of Asia Pacific. The ASEAN wireless intercom market is sub-divided into Thailand, the Philippines, Malaysia, Indonesia, Vietnam, Singapore, Myanmar, and Cambodia.