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The worldwide voice evacuation systems is expected to grow at a faster rate owing to various reasons which majorly include the expanding construction and real-estate industries. The hospitality and residential sectors' high consumption of emergency alarms has prompted the construction industry to increase market adoption.
Voice evacuation systems are software and hardware solution designed to simplify emergency safety evacuation protocols. An alarm tone is generated by this system, which employs amplifiers and speakers. Instead of the traditional bell or horn, this system is followed by a voice. It also allows for live voice announcements by the department or emergency personnel via a local paging microphone. The majority of these voice notification systems are installed in two types of building occupancies.
Business Research Insights forecasts the worldwide market for voice evacuation systems to hit USD 1162.5 million by 2028, growing at a CAGR of 8.5% during 2022-2028. Various government schemes to facilitate market development, and technological advancements to foster industry progress will drive the growth of this market.
COVID-19 Boosted Market Growth Due to the Increased Demand for the Product
The sudden outbreak of the COVID-19 pandemic resulted in an unexpected increase in demand for the product due to natural disasters that grew, which thereby rapidly increased demand for evacuation systems in contaminated areas. Furthermore, during the coronavirus outbreak, tracking employee movement and automatically counting who arrived at the designated gathering point aided market growth. Apart from all of these, the product was widely used to announce emergency services and safety during the pandemic. Government safety initiatives are expected to drive market growth.
Business Research Insights Presents the Top 15 Prominent Players in the Voice Evacuation Systems Market
1. Active Total Security Systems
Active Total Security Systems, based in Chennai, India, is a leading manufacturer of burglar alarm systems under the registered brand name ATSS. Burglar alarms, auto-dialers, GSM communicators, and school bell timers are the various security alarm products manufactured by the company.
2. ATEIS International SA
ATEIS International SA, headquartered in Switzerland, provides manufactures various products such as conference systems, loudspeakers for Voice Alarm applications, line array loudspeakers, ATES Public Address and Voice Alarm systems, and Terracom Audio over IP solutions.
3. Audico Systems Oy
Audico Systems is a Finnish company. It provides superior audiovisual solutions and services to businesses and communities. Audico Avec, Audico Technology's own digital audio system developed and manufactured in Finland, is part of the product portfolio.
4. Baldwin Boxall Communications Ltd.
Baldwin Boxall is a reputable manufacturer of life-saving voice alarm (VA) and emergency voice communication (EVC) systems, that can be used in various emergency situations.
5. Bosch Security Systems, Inc.
Bosch Security Systems, Inc. is a company that develops, manufactures, and sells electronic detection, control, and communication equipment. The company provides components and systems for security, fire protection, access control, and closed-circuit television. Bosch Security Systems has customers all over the world.
6. C-TEC(Computionics)Ltd.
C-TEC is a leading UK manufacturer of high-quality life-safety systems such as commercial and residential fire alarm systems, call systems, disabled refuge systems, and hearing loops.
7. Hallmark Fire Ltd.
Hallmark Fire UK is a market leader in the supply and installation of fire detection and extinguishing systems.
8. Honeywell Life Safety
In areas ranging from energy efficiency and sustainability to building controls and automation to integrated security, Honeywell is a global designer and manufacturer of innovative business solutions. Life safety systems are offered by Honeywell Building Solutions, a branch of Honeywell. Honeywell has an unrivaled industry reputation for quality and innovation.
9. Eltek Fire&Safety by Honeywell
Eltek Fire & Safety provides a selection of traditional and addressable fire alarm systems, as well as life-saving features such as intelligent evacuation and environmental adaptation.
10. Gent by Honeywell
Honeywell Gent, formerly Gents' of Leicester, is a British life safety equipment manufacturer based in England. It offer the most sophisticated fire detection and alarm systems on the market.
11. Lucas Voice Alarm Ltd.
Lucas Voice Alarm Ltd is a business that is involved in the Construction industry. The company's headquarters is in the United Kingdom.
12. OPTIMUS S.A
OPTIMUS S.A. is the market leader in the design, manufacture, and distribution of public address (PA), voice alarm (VA), and intercom equipment in Spain.
13. RCF S.p.A
RCF S.p.A. (formerly Radio Cine Forniture - R.C.F. S.r.l.) is a well-known high-quality audio Italian manufacturer of products such as power amplifiers, loudspeakers, and many more.
14 Siemens Building Technologies
Siemens Building Technologies is a Siemens Operating Division. The company offers automation technologies and services for commercial, industrial, and public buildings.
15 Tyco International Ltd.
Tyco International Ltd. is a security systems company headquartered in Switzerland. Tyco International's main business segments are security solutions and fire protection.
Development and Deployment of IoT in the Construction Industry to Foster Market Growth
Changes in technology to improve response, notification, reliability, and redundancy are expected to increase lot adoption, thereby enabling them not to be handled on their own. The Internet of Things in voice evacuation improves data and controls the system without the need for human intervention. Adoption of loT in the system is critical in developing codes that accelerate technological advancement. Additionally, rising demand for automated building solutions and home security is also expected to drive market growth. As a result, safe evacuations are one of the mandatory features in new residential and commercial buildings, thereby expanding the market growth.