Voice Evacuation Systems Market
Voice Evacuation Systems Market Analysis By Product Type (Voice Sounders, Loudspeakers, Emergency Microphones, Networked and Wireless Systems), By Application (Commercial, Industrial, Residential), By Region - Global Forecast 2022 to 2032
Analysis of Voice Evacuation Systems market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Voice Evacuation System Market Outlook (2022 to 2032)
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 to 2032) | CAGR 8.6% |
| North America Market Share in 2021 | ~27% |
| North America Growth Rate (2022 to 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 | Ambient System SP ZOO; ATEIS International SA; Audico Systems Oy; Baldwin Boxall Communications Ltd.; Cofem SA; Eaton Corp. Plc; Honeywell International Inc.; Johnson Controls International Plc; Mircom Group of Companies; Protec Fire and Security Group Ltd.; Other Market Players |
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.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
2017 to 2021 Global Voice Evacuation System Market Outlook in Comparison to 2022 to 2032 Growth Forecast
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.
Demand for Quick and Smart Voice Evacuation Systems Influencing Key Companies to Focus on R&D Activities
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.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Increasing Emphasis on Boosting Safety Apparatus Leading to Increasing Adoption of Voice Evacuation System
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.
Bosch Introduces “One-Stop-Shop” Solution
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.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape: Top Companies in Voice Evacuation System Market
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:
- ATEIS International SA in 2021 launched stand-alone voice alarm system which is the new self-amplified system certified to EN54 standard designed to address voice alarm requirements concerning small and medium size installation
- Honeywell International Inc. in 2021 announced to acquire US Digital Designs, Inc. to expand the public safety communications capabilities. This acquisition will aid in the expansion of product portfolio of the company and will help in the realization of environmental, social and governance goal
Global Voice Evacuation System Market by Category
By Product Type :
- Voice Sounders
- Loudspeakers
- Emergency Microphones
- Networked and Wireless Systems
- Other Product Types
By Application :
- Commercial Sector
- Industrial Sector
- Residential Sector
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product Type
- 6.2. Application
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Voice Sounders
- 7.2. Loudspeakers
- 7.3. Emergency Microphones
- 7.4. Networked and Wireless Systems
- 7.5. Other Product Types
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Commercial Sector
- 8.2. Industrial Sector
- 8.3. Residential Sector
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Sales Forecast by Product Type and Application for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Ambient System SP ZOO
- 19.2. ATEIS International SA
- 19.3. Audico Systems Oy
- 19.4. Baldwin Boxall Communications Ltd.
- 19.5. Cofem SA
- 19.6. Eaton Corp. Plc
- 19.7. Honeywell International Inc.
- 19.8. Johnson Controls International Plc
- 19.9. Mircom Group of Companies
- 19.10. Protec Fire and Security Group Ltd.
- 19.11. Others
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Product Type
Table 03: Global Market US$ Mn Forecast by Application
Table 04: North America Market US$ Mn Forecast by Country
Table 05: North America Market US$ Mn Forecast by Product Type
Table 06: North America Market US$ Mn Forecast by Application
Table 07: Latin America Market US$ Mn Forecast by Country
Table 08: Latin America Market US$ Mn Forecast by Product Type
Table 09: Latin America Market US$ Mn Forecast by Application
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Product Type
Table 12: Western Europe Market US$ Mn Forecast by Application
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Product Type
Table 15: Eastern Europe Market US$ Mn Forecast by Application
Table 16: East Asia Market US$ Mn Forecast by Country
Table 17: East Asia Market US$ Mn Forecast by Product Type
Table 18: East Asia Market US$ Mn Forecast by Application
Table 19: South Asia & Pacific Market US$ Mn Forecast by Country
Table 20: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 21: South Asia & Pacific Market US$ Mn Forecast by Application
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Product Type
Table 24: MEA Market US$ Mn Forecast by Application
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 04: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 07: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 08: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 17: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 18: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 20: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 21: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the global Voice Evacuation System Market scenario?
The global value of voice evacuation system market is estimated to be worth over USD 713.7 Million in 2022.
How far is the global demand expected to reach over the forecasted period?
The demand is anticipated to surpass USD 1,636.1 Million by 2032 end.
What was the last 5-year CAGR for the demand in the Voice Evacuation System Market?
During 2017 to 2021, global voice evacuation system market grew at 6.2% CAGR.
Who are the prominent players in the global Voice Evacuation System Market?
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.
Which is the most leading region in the Voice Evacuation System Market?
North America tops the global voice evacuation system market accounting for 27.3% of global market share in 2022.
Which application segment contributes maximum share in Voice Evacuation System consumption?
Commercial sector under the application segment contributes 43.2% of market share in global consumption of voice evacuation system.
Voice Evacuation Systems Market