Vehicle Intercom System Market Size Valued at USD 1206.9 Million, market Grow at a CAGR Of 7.22% by 2020 -2030
A vehicle intercom system is used for communicating in various environmental conditions and emergencies. This system offers enhanced communication without affecting the end user's hearing. It provides features such as connectivity to mobile radios, radio traffic, and selected stations. Intelligent vehicle intercom systems are next-generation intercom systems that are used in military tactical vehicles with traits such as voice & data communication, network connectivity, and battle management system. Commonly radio systems of vehicle intercom systems operate in very high frequency (VHF), high frequency (HF), and ultrahigh-frequency (UHF) ranges. These systems enable military personnel to conduct operations smoothly by offering enhanced communication in rough terrains and harsh weather conditions.
Vehicle Intercom System Market is expected to register significant growth during the forecast period owing to factors such as increasing need for smooth & uninterrupted communication and rising complexities of military operations across the world. Furthermore, the growing military modernization programs are also expected to drive the growth of the market. Additionally, the increasing adoption of advanced vehicle intercom systems by the Swiss army is also expected to drive the growth of the market. For example, in Elbit Systems Ltd signed a contract with the Swiss Army to replace its mobile radio devices and vehicle intercom systems with advanced radio communication systems.
However, issues related to rising threats of cyber warfare and the need to maintain the interoperability of disparate communication technologies might hamper the growth of the Vehicle Intercom System Market.
The increasing use of vehicle intercom systems in the defense sector, owing to growing complexities in military operations, is expected to drive the growth of the global Vehicle Intercom System Market.
Vehicle Intercom System Market Key Players
Other Prominent Players
|Market Size||1206.9 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Technology, Application, Component and Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cobham Limited (UK), L3Harris Technologies, Inc. (US), David Clark Company (US), Elbit Systems Ltd. (Israel), Thales Group (France), EID, S.A. (Portugal), SyTech Corporation (US), Teldat Group (Spain), C-AT Communications-Applied Technology (US), Wolf Elec Intercoms (UK), Aselsan A.S. (Turkey), Vitavox (UK), GENTEX CORPORATION (US), Leonardo SpA (Italy), MER Group (Israel) and Secomak Ltd. (UK)|
|Key Market Opportunities||The increasing use of vehicle intercom systems in the defense sector, owing to growing complexities in military operations, is expected to drive the growth of the global market|
|Key Market Drivers||
The global vehicle intercom system market 2020 is projected to register a moderate 7.22% CAGR in the forecast period.
The rising military modernization program is driving the global market growth over the prognosis period.
The analog segment is expected to observe substantial demand over the review period.
The military vehicles segment is slated to expand as the fastest-growing segment.
A few eminent market players operating in the global vehicle intercom system market are David Clark Company (US), Elbit Systems Ltd. (Israel), Thales Group (France), among others.