To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information
I AgreeAnalysis of Voice Evacuation Systems market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global voice evacuation system market is estimated at USD 713.7 Million in 2022 and is forecast to surpass USD 1,636.1 Million by 2032, growing at a CAGR of 8.6% from 2022 to 2032.
Report Attributes |
Details |
Base Year Value (2021A) |
USD 660.2 Million |
Estimated Year Value (2022E) |
USD 713.7 Million |
Projected Year Value (2032F) |
USD 1,636.1 Million |
Global Growth Rate (2022-2032) |
CAGR 8.6% |
North America Market Share in 2021 |
~27% |
North America Growth Rate (2022-2032) |
CAGR ~8.9% |
Collective Value Share (US, China, India) 2022: Top 3 Countries |
~43% |
Top 5 Companies Market Share in 2021 |
~25% |
Key Companies Profiled |
|
The global voice evacuation system market is likely to create an absolute dollar opportunity of USD 922.4 Million by the end of 2032. The global voice evacuation system market holds ~1% of the global IoT market.
The growth of the global voice evacuation system market largely depends on the infrastructural excellence of public spaces across regions. Although voice evacuation systems are installed across private buildings and residential areas too, a major chunk of demand flows in from public sector undertakings and industrial units. The government has an onus to ensure the safety and wellbeing of employees working at a public establishment, and this has given a boost to the demand within the global market for voice evacuation systems.
Furthermore, facilities such as voice evacuation systems play an integral role in enhancing the happiness index of nations. This has also led to an increased inflow of demand within the global voice evacuation systems market. Voice evacuation systems are not just used to warn the inmates or visitors about possible dangers, but are also a part of the corporate social responsibility of a firm, public space, or residential area.
The stipulation of strict safety laws with regards to the construction of houses, office spaces, or industrial units in the US has led to an increased demand for voice evacuation systems in North America. Furthermore, the ardent efforts of the constructions industry to equip the new-age buildings with the latest technologies have given an impetus to the market in Europe.
Fact.MR projects the voice evacuation system market is expected to witness exhibiting growth at 8.6% CAGR during 2022 and 2032 in comparison to a CAGR of 6.2% with which it grew from 2017 and 2021.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
Detectors that clearly announce danger with preloaded message have become increasingly popular, as studies have showed that people are increasingly responsible to recorder messages than tones from horn or chime. Effective voice alarm and safe evacuation of individuals needs professional skills in installation and design to make sure that emergency messages are clearly understandable and the system fulfill needs of a company’s on-site emergency strategy.
Creation of emergency plan must include emergency services and insures to identify types of risk, areas of risk, as well as required response time. Demand for quick and smart voice evacuation system is forcing key companies to focus on research and development to innovate product that satisfies the demand from end-use industries.
Voice-based systems are widely accepted in fire and safety market, which is a key driver for the growth of the global voice evacuation system market. Improving regulations and guidelines by governments of various countries are resulting into increase in demand for voice evacuation systems, penetrating lower tiers of the market and opening up mass market opportunities to drive growth.
This is likely to lead more companies to enter into the market, often selling complaisant products at lower prices than rivals. Owing to intensifying competitive pressure, Tier–I companies will increasingly concentrate on high-value applications for protection of infrastructure and smart buildings to stay at forefront in the global voice evacuation systems market.
Risk of serious injury or death is clearly the most essential influence on safety planning. The responsibility to protect people, business and property has brought into sharp focus when the potential consequences are considered. In fact, reputation is the increasing concern of various companies with digital and social media empowering the wider public to publish and share views across the globe. From offices to commercial sector, and from airports to stadiums, rise in human footfall in public as well as commercial places has been observed.
Additionally, complexity of escape routes has intensified to reflect sheer diversity of modern as well as current designs. Necessity to be prepared for all scenarios is improved by social consideration such as ageing population with disabilities or impairments that might require assistance. Set against this background, improved understanding of risks combined with innovative technologies such as ability to make evacuation safer by tailoring solutions to meet various situations.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
In line with the latest European standards Bosch Security System provides a new ‘one-stop-shop’ solution with voice and fire alarm integration to satisfy rising demand as well as consumer requirements within the safety segment. The new fire alarm system designed by Bosch utilize a serial RS232 interface that is linked to Voice Alarm system and Plena Public Address. This is unique system on the back of single manufacturer source and considerable reduction of hardware cost and cabling.
The global voice evacuation system market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of voice evacuation system market.
Fact.MR has provided detailed information about price points of key players in voice evacuation system market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
By Product Type, Global Voice Evacuation System Market is segmented as:
By Application, Global Voice Evacuation System Market is segmented as:
By Region, Global Voice Evacuation System Market is segmented as:
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunities
Pre BookGet A Special pricing for start-ups and universities
Enquiry Before Buying- Humble, Yet Honored -
- Related Reports -
The global value of voice evacuation system market is estimated to be worth over USD 713.7 Million in 2022.
The demand is anticipated to surpass USD 1,636.1 Million by 2032 end.
During 2017-2021, global voice evacuation system market grew at 6.2% CAGR.
Some of the prominent players in voice evacuation system market are Ambient System SP ZOO, ATEIS International SA, Audico Systems Oy, Baldwin Boxall Communications Ltd., etc.
North America tops the global voice evacuation system market accounting for 27.3% of global market share in 2022.
Commercial sector under the application segment contributes 43.2% of market share in global consumption of voice evacuation system.