Asia Pacific Public Address and Voice Alarm Systems Market Size, Share & Industry Trends Analysis Report By Type (Centralized and Distributed), By Component (Loudspeaker, Controllers, Amplifier, Microphone), By Technology, By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Public Address And Voice Alarm Systems Market would witness market growth of 8.2% CAGR during the forecast period (2022-2028).
PAVA systems are frequently employed at airports and railways to broadcast live announcements, typically across many terminals. Together with a variety of acoustic elements, the systems often incorporate numerous microphones and speakers. They could display previously filmed or locally produced material, such as rail and airport terminals. In addition, installing sound reinforcement systems in educational institutions, retail establishments, and public structures has, over the years, contributed to advancements in demand for public address systems.
The superiority of public space infrastructure across regions is a key factor in expanding the market. As a result, a significant portion of demand comes from public sector organizations and industrial units, even though PAVA systems are also implemented in private buildings as well as residential areas. In addition, voice alarm systems are increasingly in demand because of the responsibility placed on the government to guarantee the safety and security of workers at public facilities.
Cities in Asia are expanding quickly. In the next 20 years, the region's cities will house an additional 1.1 billion people. Over 55% of the people in Asia will live in cities by 2030. Many cities will combine to form urban communities. For instance, it is anticipated that the Tokyo Nagoya-Osaka-Kyoto-Kobe mega-region in Japan has over 60 million residents. By 2020, Bangkok and Thailand have expanded approximately 200 kilometers from their location. In China, migration has accelerated urban growth, making it more challenging for residents to commute by bike and foot. This rapid urbanization in the region has compelled the regional governments to implement PAVA systems at necessary public locations to maintain the security of people. Hence, the region's public address and voice alarm systems market will grow rapidly during the forecasted period.
The China market dominated the Asia Pacific Public Address And Voice Alarm Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $351.6 million by 2028. The Japan market is experiencing a CAGR of 7.5% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 8.8% during (2022 - 2028).
Based on Type, the market is segmented into Centralized and Distributed. Based on Component, the market is segmented into Loudspeaker, Controllers, Amplifier, Microphone and Others. Based on Technology, the market is segmented into Digital System, Analog System and IP System. Based on Vertical, the market is segmented into Industrial, Commercial Building, Hospitality, Transportation and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Public Address and Voice Alarm Systems Market is Projected to reach USD 4.2 Billion by 2028, at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Honeywell International, Inc., Bosch Security Systems GmbH (Robert Bosch GmbH), Johnson Controls International PLC, The Zenitel Group, ATEÏS, Baldwin Boxall Communications Ltd, Heinrich Limited and OPTIMUS S.A.
Scope of the Study
Market Segments Covered in the Report:
- Digital System
- Analog System
- IP System
- Commercial Building
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Honeywell International, Inc.
- Bosch Security Systems GmbH (Robert Bosch GmbH)
- Johnson Controls International PLC
- The Zenitel Group
- Baldwin Boxall Communications Ltd
- Heinrich Limited
- OPTIMUS S.A.
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