Vehicle Intercom System Market to offer a healthy CAGR of 8.2% during 2020-25
February 11, 2020
Vehicle Intercom System Market Overview:
Vehicle intercom system market is likely to witness an impressive CAGR of 8.2% during the forecast period. Growing intricacies of military procedures and necessity for smoother communication in emergency vehicles are the factors that are driving the growth of the global vehicle intercom system market.
Report Overview:
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Vehicle Intercom System Market Segment Insights:
Military Vehicles: The growth engine
Based on the application type, the market is segmented as military vehicles, commercial vehicles, airport ground support vehicles, and emergency vehicles. The military vehicles segment led the market in 2018, and is estimated to remain dominant during the forecast period. Military upgrading programs across the globe and increasing research and development activities executed by companies and governments to enhance the competence and working of military vehicles are some of the factors that are anticipated to bolster the growth of this segment in the coming five years.
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Dominance of: central unit segment
Based on the component type, the market is segmented as central unit, crew control unit, radio interface unit, intercom user unit, wireless intercom unit, headset dismounted interface, loudspeaker unit, adapter, wire/cable, and tactical ethernet switch. The central unit segment is estimated to dominate the market during the forecast period. Various companies are working to scientifically upgrade the central unit of vehicle intercom systems, as the unit signifies a pivotal role in the customization of the comprehensive functionality of an intercom system.
A highly/moderately/fragment consolidated Market
Some of the major players in the vehicle intercom system market are ASELSAN A.S., COBHAM PLC, Communications-Applied Technology (C-AT), David Clark Company, ELBIT Systems Ltd., EID, S.A., GENTEX Corporation, Harris Corporation, Leonardo DRS, and MER Group.
Regional Hegemony of Europe
The European region led the vehicle intercom system market in 2018, and is also expected to maintain its dominance during the forecast period. Military developments by countries, such as Russia, the UK, France, and Germany and the high usage of intercoms in emergency and commercial vehicles in these nations are expected to boost the vehicle intercom system market in this region. North America and Asia-Pacific are also expected to offer substantial growth opportunities in the coming five years.
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