Vehicle Intercom System Market worth $1180.5 million by 2023

According to the new research report Vehicle Intercom System Market by Application (Military Vehicles, Commercial vehicles, Airport Ground Support Vehicles, Emergency Vehicles), Component, Type (Wired, Wireless), Technology (Analog, Digital), and Region – Global Forecast to 2023, The vehicle intercom system market is projected to grow from USD 845.9 million in 2018 to USD 1180.5 million by 2023, at a CAGR of 6.89 % from 2018 to 2023.

Download PDF Brochure:

Based on the application, military vehicle segment is expected to have the highest CAGR of vehicle intercom system market in 2018. Military modernization programs around the world and increasing research and development activities carried out by companies and governments to increase the efficiency and functioning of military vehicles are some of the factors expected to drive this segment.

The handset dismounted interface segment is expected to grow at the highest CAGR during the forecast period, due to the growing demand for wireless communication systems.

Based on type, the wireless segment is projected to grow at a higher CAGR from 2018 to 2023, as compared to the wired segment. Wireless networks allow crew members to move with ease without being tethered to a fixed position. This, in turn, increases the demand for wireless networks.

The European region is expected to lead the vehicle intercom system market in 2018 The European region is projected to lead the vehicle intercom system market during the forecast period. Military upgrades by Russia, UK, France and Germany and the high usage of intercoms in commercial and emergency vehicles in these countries are expected to fuel the vehicle intercom market in this region

Major companies profiled in the vehicle intercom system market report are Cobham Plc. (UK), Harris Corporation (US), David Clark Company (US), Elbit Systems (Israel), and Thales Group (France)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441