Introduction
Telephone handset has always been a part of our lives. It has been the main way we communicate with people both near and far. In fact, it has become so embedded in our society that we take it for granted. However, when an emergency strikes and you need to reach for your telephone, do you know how to operate the handset properly? If not, you may be in for some serious trouble. In this blog post, we will explore the various parts of an Industrial telephone handset and how they are used in a fire protection system. We will also discuss some common problems that can occur when these parts are not properly installed or operated.
The Telephone handset in fire protection system market
The telephone handset in fire protection system market is expected to grow at a CAGR of 5.5% from 2017 to 2022, according to a report by MarketsandMarkets. The market for telephone handset in fire protection system is expected to be valued at US$ 1,288.4 million by 2022.
The growth of the telecommunication industry has led to the increased use of telephones as part of Fire Protection Systems (FPSs). In order to ensure safety and security during emergencies, FPSs are equipped with features such as telephone handsets that can be used as alternate communication channels. Over the years, these handsets have evolved into an important component of many FPSs and currently account for around 50% of the total weight and volume of a typical FPS. This growth is likely to be driven by several factors, including increasing adoption of digital communication methods in businesses, rising awareness about the importance of safety during emergencies, and growing demand for efficient emergency response systems.
Some key vendors accounted for more than one-third of the market share in 2016: Samsung (30%), Nokia (25%), Ericsson (24%) and Motorola Solutions (8%). However, vendors such as Apple and Huawei are fast emerging as key players in this market owing to their innovation in technology and design.
Market analysis
The global telephone handset in fire protection system market is expected to grow at a CAGR of 7.2% during the forecast period 2017-2022. The growth of this market is attributed to the increasing adoption of smart phone and other cellular devices in various applications, such as home security, health care, and vehicular safety. In addition, the installation of CCTV systems has increased the demand for telephone handset in fire protection system.
The major players in this market are Nokia Corporation (Finland), Samsung Electronics Co., Ltd. (South Korea), Ericsson AB (Sweden), Alcatel-Lucent SA (France), and ZTE Corporation (China). These companies offer a wide range of products, including cellular handsets, security solutions, and voice over Internet protocol services.
Some of the key trends that are anticipated to impact this market include increasing demand for voice over Internet protocol (VOIP) services for businesses and homes, growing use of LTE technology for cellular networks, and increasing adoption of smart phones.
Regional analysis
The global telephone handset in fire protection system market is estimated to be valued at $9.2 billion by 2020, growing at a CAGR of 7.5% during the forecast period. The growth is attributed to the increasing interest in safety and security across various businesses, including retail, hospitality, healthcare, industrial and other sectors.
Asia-Pacific is the dominant region in terms of market share, and this is primarily owing to the large population base and fast-growing economies in this region. North America dominates the global market for telephone handsets in fire protection system due to high demand from government organizations and commercial enterprises.
The key players in the global telephone handset in fire protection system market are Panasonic Corporation (JP), Bosch Security Systems (DE), Siemens AG (DE), Samsung Electronics Co., Ltd. (KR), LG Electronics Inc. (KR) and Motorola Solutions Inc. (US).
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Market trend
As the world moves towards a more connected society and businesses become increasingly reliant on technology, the telephone handset in fire protection system market is expected to grow at a CAGR of around 7.0% during the forecast period 2019-2024. One of the major factors contributing to this growth is the increasing demand for secure telecommunications networks and enhanced safety features in various industries.
One such industry that is witnessing increased demand for telephone handset in fire protection system and military handset is healthcare. With hospitals and other healthcare facilities increasingly adopting advanced security measures, such as facial recognition cameras and fingerprint locks, it has become necessary to install reliable telephony systems that can provide critical communication services during emergencies. This, in turn, is driving the market growth of telephone handset in fire protection system in healthcare sector.
Another key market driver involves Increasing adoption of video conferencing applications across traditionally non-telecom platforms such as enterprise collaboration suites, CRM (customer relationship management) software and ERP (enterprise resource planning) systems. This trend is helping to increase demand for dedicated video call solutions that can integrate with existing telephony systems seamlessly. In addition, as businesses move away from traditional desktops and laptops towards mobile devices, there is an increasing need for telecommunication solutions that are compatible with these devices. This factor is further fuelling the growth of telephone handset in fire protection system market.
Several other factors are also contributing to the growth of this market including advancements in wireless technologies, proliferation of 4G.
Competitive landscape
The global telephone handset in fire protection system market was valued at US$ 4,950.5 million in 2016 and is projected to grow at a CAGR of 7.3% during the forecast period 2020-2024. The major drivers for this market are increasing need for emergency response systems and growing adoption of handsets in different verticals including healthcare, transportation, retail, and others. Factors such as increasing awareness about fire hazards and increase in number of smartphones being used are also contributing to the growth of this market.
Some key vendors dominating the global telephone handset in fire protection system market are Kidde (U.S.), Honeywell International Incorporated (U.S.), Tamura Corporation (Japan), Panasonic Corporation (Japan), Mitsubishi Electric Corporation (Japan), and Siemens AG (Germany).
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Conclusion
Telephone handset in fire protection system market is projected to grow at a CAGR of around 19% over the next five years. The increase in demand for safe and secure telephone networks will drive the growth of this market. Furthermore, increasing awareness about fire safety and smoke detectors along with an increased focus on reducing carbon footprint will augment the demand for fireman telephone handset in fire protection system products.
