What are the latest figures on the general communication equipment market’s size and projected CAGR?
The general communication equipment market size has grown strongly in recent years. It will grow from $68.17 billion in 2024 to $73.18 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growth in telecommunication revolution, digitalization and internet expansion, wireless communication advancements, satellite communication evolution, fiber optic networks development.
The general communication equipment market size is expected to see strong growth in the next few years. It will grow to $96.05 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to growing interoperability and standardization, sustainability and green technology adoption, remote work and collaboration tools, enhanced cybersecurity solutions, cloud-based communication services expansion. Major trends in the forecast period include open source and interoperability, green and energy-efficient solutions, remote work solutions, cybersecurity and privacy, cloud-based communication services, wireless connectivity evolution.
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How have varous drivers impacted the growth of the general communication equipment market?
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. For instance, the U.S government in accordance with the 15 U.S. Code 2227 mandates the installation of fire safety systems with appropriate warning signals in federally assisted buildings. The increased need to ensure safety by the government agencies has increased the demand for the growth of the general communication equipment market.
What are the primary segments of the general communication equipment market?
The general communication equipment market covered in this report is segmented –
1) By Types: Mobile, Fixed Line Devices
2) By Product Type: Alarm Systems And Equipment, Fire Detection Equipment, Smoke Detectors, Intercoms Systems And Equipment, Traffic Signals, Other Product Types
3) By End-User: Commercial , Industrial , Military , Other End-Users
Subsegments:
1) By Mobile Devices: Smartphones, Tablets, Mobile Hotspots, Wearable Devices
2) By Fixed Line Devices: Landline Telephones, VoIP Phones, Fax Machines, Fixed-Line Routers And Modems
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Which firms are leading the general communication equipment market?
Major companies operating in the general communication equipment market include Apple Inc., Google LLC, Microsoft Corporation, ZTE Corporation, AT&T Inc., Huawei Technologies Co. Ltd., Sonim Technologies Inc., Panasonic Corporation, LG Electronics Inc., Lenovo Group Limited, Cisco Systems Inc., Qualcomm Incorporated, Xiaomi Corporation, Hewlett Packard Enterprise Company, Ericsson AB, Nokia Corporation, Harris Corporation, L3Harris Technologies Inc., Motorola Solutions Inc., Juniper Networks Inc., Siemens Enterprise Communications GmbH & Co. KG, Vonage Holdings Corp., Adtran Inc., Comtech Telecommunications Corp., Speedflow Communications Limited, ECI Telecom Ltd., MDS Gateways International Inc., Roc Tel International LLC, Viasat Inc., Ubiquiti Inc., CalAmp Corp.
How will industry trends affect the trajectory of the general communication equipment market?
Initial investments and high installation cost are expected to restrain the general communication equipment market. Price of general communication equipment such as intercoms systems varies on the basis of on-site inspection to determine the installation of traditional or wireless intercom systems. For instance, a two-module intercom setup will cost between $200-$300 without installation, business intercom systems for faster communication between co-workers will cost between $200-$700 depending on features and industrial intercom models with speakers and adjustable volume will cost between $750-$1000. Thereby, high cost of general communication equipment is limiting the market growth.
Which geographic trends are shaping the general communication equipment market, and which region has the highest market share?
The countries covered in the general communication equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Does The General Communication Equipment Market Report 2025 Offer?
The general communication equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
General communication equipment is a device that eases communication between individuals and helps communicate important signals to an individual.
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