Public Address And Voice Alarm Systems Market Expected to Reach $8.1 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Public Address And Voice Alarm Systems Market by Component,Technology,Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2023-2032," The public address and voice alarm systems market was valued at $3.8 billion in 2022, and is estimated to reach $8.1 billion by 2032, growing at a CAGR of 8.3% from 2023 to 2032.

Public address and voice alarm systems market growth projections offers a simple and the quickest way for direct and unambiguous communication with passenger or visitor, which helps in delivering emergency information. It helps to deliver clear pre-recorded emergency information or messages that visitors can understand quickly and safely in case of fire or any other emergency. The public address and voice alert system are widely used for various applications such as industrial, transportation, commercial, and other.

They are an essential component of safety and security in many settings, providing clear and audible communication to help keep people informed and safe in both normal & emergency situations. 

The public address and voice alarm systems market size has seen significant growth in recent years and is expected to continue to grow in the coming years. The market is being driven by several factors, including increasing demand for safety & security systems, growing investment in infrastructure projects, and the expansion of industries such as transportation, healthcare, and commercial construction. 

The Public Address And Voice Alarm Systems Market Segmentation on the basis of component, technology, type, industry vertical, and region. By component, the market is segmented into hardware and software. By technology, the market is divided into analog system, digital system, and IP system. By type, the market is bifurcated into distributed public address and voice alarm system and centralized public address and voice alarm system. By industry vertical, the market is fragmented into commercial building, hospitality, industrial, transportation, government and public infrastructure, educational institutions, and others. Region wise, the public address and voice alarm systems market trends are analyzed across North America (the U.S, Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key players profiled in the public address and voice alarm systems industry report include Bosch Security Systems, Zenitel, Siemens, ATEIS, Heinrich, Honeywell International Inc., Baldwin Boxall Communications Ltd, OPTIMUS S.A, and Johnson Controls International Plc. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the public address and voice alarm systems market. 

• In October 2022, Zenitel introduced VINGTOR Exigo PA/GA with native IP for offshore and marine markets. Zenitel, a supplier of their own STENTOFONR. and VINGTORR. brand of communication systems as well as a system integrator of radio communication systems from leading suppliers, announced the release of a new system for public address and general alarm based on native IP technology.

KEY FINDINGS OF THE STUDY

• The public address and voice alarm systems market trends indicate that in 2022, the loudspeaker segment was the major revenue contributor to the public address and voice alarm systems industry, and is projected to grow at a notable CAGR of 8.88% during the forecast period. Loudspeakers play a vital role in a PAVA system, ensuring that the audio message is delivered effectively, particularly in emergency situations. Loudspeakers improve the quality of the audio signal and can be customized to meet the specific needs of the public space.
• The digital system segment is projected to growth at a CAGR of  8.19% during the forecast period. Digital PAVA systems are becoming increasingly popular in several industries and applications, as they offer more advanced features, greater reliability, and better integration with other systems.
• The public address and voice alarm systems market analysis suggests that the centralized PAVA system is expected to account for a significant share of the market in 2022 and is expected to grow at a CAGR of 7.48% during the forecast period.
• The industrial sector is projected to growth at a CAGR of 10.11% during the forecast period. Public address and voice alarm systems market demand have a wide array of applications in industrial sectors in order to provide clear, audible announcements and alerts to inform workers and visitors about safety and emergency situations, as well as to make general announcements.
• North America contributed for the major public address and voice alarm systems market share, accounting for more than 37.73% share in 2022. The rapid urbanization and surge in per capita income coupled with investment in public address and voice alarm (PAVA) systems across prime industries are the prime factors driving the demand for public address and voice alarm systems market growth in North America.

Key players profiled in the public address and voice alarm systems market report include Bosch Security Systems, Zenitel, Siemens, ATEIS, Heinrich, Honeywell International Inc., Baldwin Boxall Communications Ltd, OPTIMUS S.A, and Johnson Controls International Plc. Market players of public address voice alarm have adopted various strategies, such as product launch, collaboration& partnership, joint venture.