Delvens published a new research publication on "Vehicle Intercom System (VIS) Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Vehicle Intercom System (VIS) Market was mainly driven by the increasing R&D spending across the world.
The global Vehicle Intercom System (VIS) Market size was estimated at USD 855.2 million in 2023 and is projected to reach USD 1,220.5 million in 2030 at a CAGR of 6.3% during the forecast period 2024-2030.
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The Vehicle Intercom System (VIS) market is rapidly expanding, driven by escalating demand for advanced communication solutions across military, defense, and commercial sectors globally. VIS operates as an independent voice communication system, facilitating clear and secure communication within vehicles and between vehicle occupants and external sources, thereby enhancing operational safety and efficiency.
North America to Dominate the Market
North America dominates the Vehicle Intercom System (VIS) market, driven by the region's extensive fleet of active vehicles, robust patrolling stations, and strategic presence in disputed regions. The United States, which accounted for 40% of global military spending in 2021 with $850 billion in 2022, plays a pivotal role. Increasing expenditures on advanced VIS procurement, bolstered by Canadian defense forces' investments, further propel market growth.
For instance, Canada's contract with L3Harris for over 1,000 compact team radios enhances tactical communications. Additionally, ongoing initiatives like the development of the Armored Multi-Purpose Vehicle by the U.S. Army and BAE Systems underscore North America's leadership in integrating advanced VIS into military operations.
Competitive Landscape
· Cobham Plc.
· Harris Corporation
· David Clark
· Elbit Systems
· Thales Group
· Sytech Corporation
· Teldat
· Communications-Applied Technology
· Wolf Elec
· Aselsan A.S.
· Vitavox
· Gentex Corporation
· Leonardo DRS
· MER Group
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The Vehicle Intercom System (VIS) market is currently experiencing robust growth driven by the critical need for reliable communication in various vehicle applications. VIS installations facilitate clear communication among vehicle occupants and with external parties, crucial for operations in noisy and challenging environments, particularly in emergency vehicles. Technological advancements in the communication industry are further boosting market expansion, enhancing the capabilities and reliability of VIS across sectors. Looking ahead, the market is set for continued growth with key players like Cobham Plc., Harris Corporation, David Clark, Elbit Systems, and Thales Group leading in innovation and market share.
Future growth is anticipated due to increasing global defense expenditures aimed at improving military communication capabilities through next-generation VIS technologies. For instance, the United States' substantial investments in military communication systems underscore a promising outlook for VIS. Overall, with expanding applications in defense, emergency services, and commercial sectors, the VIS market is positioned for sustained expansion in the foreseeable future.
Recent Developments
· In December 2022, INVISIO, a Swedish company, has secured a contract in Europe to provide its Intercom and Vehicle systems. The Intercom system, priced at 230 million kronor ($22 million), will serve as the interface between personnel on foot and those in vehicles. Additionally, the company will oversee the procurement of vehicle radios valued at 235 million kronor ($23 million) from a third party.
· In August 2022, L3Harris has secured a contract worth $10,424,820 to supply the Indonesian government with communication and electronics equipment, along with engineering technical services.
The Vehicle Intercom System (VIS) Market is segmented into various segments such as Technology, Application, Component, and Region:
Based on Technology
· Analog
· Digital
Based on the Application
· Military Vehicles
· Commercial Vehicles
· Airport Ground Support Vehicles
· Emergency Vehicles
Based on the Component
· Central Unit
· Crew Control Unit
· Wireless Intercom Unit
· Headset Dismounted Interface
· Intercom User Unit (IUU)
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