市场调查报告书
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全球通讯设备市场 2024-2031Global Communication Devices Market 2024-2031 |
按类型(对讲机、电话、收音机、平板电脑、AR 眼镜等)和应用(汽车、军事、医疗保健、电信、消费性电子产品、安全和监控等)分類的通讯设备市场规模、份额和趋势分析报告预测期(2024-2031)
预计在预测期内(2024-2031 年)通讯设备市场将以 7.9% 的复合年增长率成长。
Communication Devices Market Size, Share & Trends Analysis Report by type (Walkie Talkies, Phones, Radios, Tablets, AR glasses, and Others) and by Application (Automotive, Military, Healthcare, Telecommunication, Consumer Electronics, Security and Surveillance, and Others) Forecast Period (2024-2031)
Communication Devices market is anticipated to grow at a CAGR of 7.9% during the forecast period (2024-2031).
Market Dynamics
Infrastructure Expansion and Upgrade as a Driver of the Global Communication Devices Market
One critical driver of the global communication devices market is the ongoing expansion and upgrade of communication infrastructure. For instance, the Shared Rural Network initiative, BDUK, DSIT, and MNOs hope to provide dependable 4G coverage to 95% of the UK's landmass by the end of December 2025. Programs that seek to establish favorable circumstances for technology investment in anticipation of the UK's future connectivity requirements are also funded by DSIT. Its ambitions are outlined in the Wireless Infrastructure Strategy until 2023. This infrastructure refers to the physical and digital systems that facilitate data transmission and reception. By investing in improvements like fiber optic cable deployment and cellular network upgrades, a more robust foundation for communication is established. This translates to increased network capacity for faster data speeds and handling larger data volumes. For instance, in May 2023, A bill passed by Texas lawmakers on Sunday represents the largest investment in broadband expansion in the history of the state. It allots $1.5 billion to an infrastructure fund, which will increase the availability of internet service to 7 million more people in a state where 7 million do not have it. Additionally, upgraded infrastructure components enhance reliability, minimizing disruptions and ensuring consistent communication. Furthermore, modern infrastructure paves the way for emerging technologies like the Internet of Things and cloud computing by providing the necessary bandwidth and connectivity. Finally, infrastructure expansion initiatives, particularly involving satellite networks, bridge the digital divide by extending internet access and communication capabilities to remote areas. In essence, continuous investment in infrastructure expansion and upgrade fosters a more capable communication ecosystem, driving the demand for devices that can leverage these advancements.
Infrastructure Expansion and Upgrade: A Cornerstone for Communication
A major driver propelling the communication devices market is the burgeoning need for remote connectivity. This trend is primarily driven by the increasing adoption of flexible work arrangements and remote work models. These models necessitate communication tools beyond mobile devices, creating a demand for high-quality webcams, microphones, and video conferencing systems to facilitate seamless virtual collaboration. For instance, in May 2023, a report published by The Chartered Institute of Personnel and Development indicates following the epidemic, two-fifths (40%) of businesses have noticed a surge in official requests for flexible working hours and One-fifth (20%) of organizations want to implement new policies or make greater financial investments to allow for more remote work or hybrid employment in the future. Furthermore, the healthcare sector's embrace of telehealth and remote patient monitoring creates a need for reliable communication devices for virtual consultations, data transmission, and remote health monitoring. In March 2022, India achieved a significant milestone in its digital health journey when it utilized its national telemedicine service, "eSanjeevani," to complete 170,000 teleconsultations in a single day. The education sector's shift towards online learning platforms also fuels the demand for devices that support online lectures, webinars, and interactive learning sessions. In essence, the growing demand for effective remote communication across various sectors is a key driver for the communication devices market, shaping the need for devices that cater to these evolving communication needs.
Market Segmentation
Growing Demand for Wireless Convenience: A Key Driver in the Communication Devices Market
The digital walkie-talkie segment is experiencing a boom within the global communication devices market, driven primarily by the convergence of features. Unlike their traditional, analog counterparts, digital walkie-talkies bridge the gap with smartphones by offering a compelling combination of functionalities. In February 2023, a brand-new walkie-talkie has been released by Xiaomi. The formal debut of the Walkie Talkie 2S brand boasts a number of intriguing features, including a claimed standby time of up to 120 hours. This includes crystal-clear audio thanks to digital technology eliminating static and interference, an extended communication range crucial for teams spread over large areas, and enhanced security features like encryption to safeguard communication. By merging the traditional walkie-talkie's strengths of instant connectivity and reliability with advanced features, digital models cater to the evolving needs of various industries, propelling their growth within the communication devices market.
Consumer Electronics Holds a Considerable Market Share
A major factor propelling the growth of automotive communication devices is the rise of connected vehicles. The automotive industry is undergoing a significant transformation with the increasing adoption of connected car technology. These vehicles are equipped with communication devices that enable them to exchange data with other vehicles, infrastructure, and pedestrians using Vehicle-to-Everything (V2X) technology. In December 2023, The Ministry of Land, Infrastructure, and Transport and the Ministry of Science and ICT in South Korea announced that LTE-V2X will be used only in the development of Cooperative-Intelligent Transport Systems (C-ITS). This technology unlocks a range of benefits, including enhanced safety through real-time hazard and traffic information exchange, improved traffic flow through route optimization, and support for the development of autonomous vehicles. As the adoption of connected car technology accelerates, the demand for specialized communication devices within vehicles surges, driving growth in the automotive communication devices sub-segment of the global communication devices market.
The global Communication Devices market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
North America: A Leader in the Communication Devices Market
Global Communication Devices Market Growth by Region 2024-2031
Source: OMR Analysis
Government Push for Digitalization and E-commerce Boom Drive Communication Devices Market Growth in Asia Pacific
The communication devices market in Asia Pacific is experiencing robust growth fueled by various factors. Firstly, government initiatives are playing a critical role. These initiatives include investment in infrastructure development, subsidies for device purchases, and digital literacy programs. For instance in November 2023, Government of Albanese Australia extends free home broadband for school kids to 2025. The government is extending its innovative initiative, which offers free home broadband to students without access to the internet at home, until the end of 2025. In order to promote educational results and families facing financial strain, the government is giving NBN Co $4.3 million for this program. The School Student Broadband Initiative (SSBI), which was introduced in February 2023, offers free broadband over the National Broadband Network (NBN) for a year to up to 30,000 qualifying households with school-age children. With the increased money, eligible families will instead continue to be connected until December 31, 2025, bringing the total Federal Government commitment in the scheme with NBN Co to $8.8 million. These efforts expand network coverage, increase affordability, and drive user adoption, all of which contribute to market expansion. Secondly, the region's thriving e-commerce sector and rising per capita incomes are creating a surge in demand for communication devices. According to Asian Development Bank Southeast Asia's e-commerce gross merchandise value is predicted to nearly double from $132 billion at the end of 2021 to $254 billion within 5 years. Southeast Asian markets account for five of the ten fastest-growing e-commerce retail economies, according to a different e-Marketer survey. Economies experiencing more than 30% growth in internet sales include Singapore and Indonesia. This demand encompasses smartphones and tablets for online activities, connected home devices for smart living, and communication infrastructure to support efficient logistics and delivery networks. In conclusion, both government support for digitalization and the booming e-commerce landscape are providing strong tailwinds for the communication devices market in Asia Pacific.
Note: Major Players Sorted in No Particular Order.
The major companies serving the global Communication Devices market include Apple Inc., Google (Alphabet Inc.), Meta Platforms Inc, Microsoft Corp. and, Samsung Electronics Co Ltd among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in May 2022, Google acquired Raxium, a maker of single-panel MicroLED display technologies, was bought by Google. Over five years, the Raxium team has developed highly-resolution displays that are compact, economical, and energy-efficient. These displays have paved the way for future advancements in device display technology. We will continue to invest in our hardware endeavors, and Raxium's technological proficiency in this field will be crucial.