Global Vehicle Intercom Systems Market is projected to register a 6.72?GR during the forecast period, 2020 to 2026.
Rapidly growing technological innovations in the communications industry and the increasing focus of authorities on smooth & uninterrupted communication has significantly contributed to the expansion of the vehicle intercom system market. Furthermore, the increasing product launches, contracts, and mergers & acquisitions undertaken by companies are also expected to drive market growth during the review period. For example, the David Clark Company developed a Series 9900 Wireless Communication System, which is designed to promote air, land, and sea communications.
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 global market.
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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 during the forecast period.
Growth Opportunities in the Market
Digital segment to register the higher growth rate: The digital segment is expected to register the higher CAGR during the forecast period, 2020 to 2026. Rapid digitalization and technological advancements are expected to drive the demand for digital vehicle intercom systems in the global market. Furthermore, the growing adoption of systems such as digital mobile radios and software-defined radios is also expected to drive the growth of the segment during the study period.
Military vehicles segment is expected to be the fastest growing: The military vehicles segment is expected to register the highest CAGR during the forecast period, 2020 to 2026. Military upgrading programs in several countries across the world and increasing investments in research & development by companies and governments to improve the working of military vehicles are expected to drive the growth of this segment in the global market.
Headset dismounted interface segment is expected to register the highest CAGR: Manufacturers are currently focusing on headset dismounted interface components to develop products that are more reliable, accurate, and efficient; this is expected to drive the growth of this segment in the global market during the forecast period.
Wireless segment is expected to register the higher CAGR: The wireless segment is projected to grow at the higher CAGR during the forecast period, 2020 to 2026. The growing demand for enhanced vehicle intercom systems that offer benefits such as convenience, high-speed data transmission, and flexibility is expected to drive the growth of this segment in the global market.
Other Prominent Players
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