(Companies: Apple, Samsung Electronics, Alcatel-Lucent, LG Electronics, Google Inc., Qualcomm, Juniper Networks, Ericsson, and ZTE)
The global general communication equipment market reached a value of nearly $145.3 billion in 2019. Asia Pacific was the largest region in the general communication equipment market in 2019.
The general communication equipment market consists of sales of general communication equipment and related services which are used for communication purposes. Communication equipment includes devices that ease the communication between individuals and helps communicate important signals to an individual. General communication equipment includes intercom systems and signaling equipment, fire detection equipment, alarm systems and equipment, traffic signals, and smoke detectors.
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General Communication Equipment Market Size
The global general communication equipment market is expected to grow at a rate of about 2.71% to nearly $161.7 billion by 2023. Stringent government regulations and mandates contribute to the general communication equipment market’s growth. General communication equipment are used for safety and security purposes. Globally, different government agencies have implemented various laws regarding the installation of communication equipment such as fire safety equipment in organizations to ensure employees’ safety.
However, initial investments and high installation costs are expected to restrain the general communication equipment market.
Implementation of long-term evolution (LTE) technology-based intercoms have been gaining acceptance from companies across all industries. LTE is a modern IP communicator, which provides high data for clear voice communication, full HD video streaming, and a faster installation of the intercom.
Major players in the market are Apple, Samsung Electronics, Alcatel-Lucent, LG Electronics, Google Inc., Qualcomm, Juniper Networks, Ericsson, and ZTE.
Qualcomm Incorporated is an American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It derives most of its revenue from chip making and the bulk of its profit from patent licensing businesses.
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Few Points from Table of Contents:
1. Executive Summary
2. General Communication Equipment Market Characteristics
3. General Communication Equipment Market Size And Growth
3.1. Global General Communication Equipment Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global General Communication Equipment Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. General Communication Equipment Market Segmentation
4.1. Global General Communication Equipment Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Alarm Systems And Equipment
Fire Detection Equipment
Intercoms Systems And Equipment
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