NEW YORK, March 22, 2023 /PRNewswire/ -- The global voice evacuation systems market size is estimated to grow by USD 938.28 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 16.77% during the forecast period. The growing real estate and construction industries, the rising trend of smart cities, and the rapid adoption of building automation and control systems are notably driving the growth of the market. However, challenges like the interoperability issue may impede the market growth during the forecast period.

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The growth in the real estate and construction industries is significantly driving the voice evacuation systems market growth. 

The growth of the real estate industry has led to an increase in the number of hospitalities, tourism, and residential construction projects. This drives the demand for emergency alarm and evacuation systems, which includes voice evacuation systems. The high investments in infrastructure are driving the growth of the global construction industry. Due to the incremental growth in construction activities in the housing sector, the demand for voice evacuation systems is anticipated to rise during the forecast period. Hence, such factors are expected to drive the growth of the global voice evacuation systems market during the forecast period.

Voice Evacuation Systems Market - Vendor Analysis

Vendor Landscape - Vendors in the global voice evacuation systems market generate revenue by providing direct services to end-users. They face intense competition among themselves due to the lack of product differentiation. AmbientSystem SP ZOO, ABB Ltd., ATEIS International SA, Audico Systems Oy, Baldwin Boxall Communications Ltd., Cofem SA, Eaton Corp. Plc, Hacousto Holland BV, Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc., Mircom Group of Companies, NAFFCO FZCO, OPTIMUS SA, ORR Protection Systems Inc., Protec Fire, and Security Group Ltd., Robert Bosch GmbH, Siemens AG, TOA Corp., and Zeta Alarms Ltd. are some of the major vendors in the market.

Vendor Offerings - 

• AmbientSystem SP ZOO - The company offers an advanced evacuation system that is designed for audio transmission to notify occupants with an alarm tone in harsh acoustic conditions. 
• Audico Systems Oy - The company offers an Audico AVEC G2 voice evacuation system which is designed to produce all kinds of sounds to address the public during the evacuation of premises as a part of the building safety system.
• Baldwin Boxall Communications Ltd. - The company offers a VIGIL 2 voice evacuation system which is designed to assist in the evacuation of an area or building during a fire alert, bomb alert, or any other emergency. 
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Voice Evacuation Systems Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on end-user (commercial sector, industrial sector, and residential sector), type (voice sounders, loudspeakers, emergency microphones, and networked and wireless systems), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

• The market share growth by the commercial sector segment is significant during the forecast period. The commercial sector is expected to grow. The growth is due to the stringent regulations imposed by governments in different countries to standardize safety requirements. Additionally, growing awareness among users and the benefits of installing voice evacuation systems is drastically increasing the demand for voice evacuation systems in the commercial sector. 

Geography Overview
By geography, the global voice evacuation systems market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global voice evacuation systems market.

• APAC is estimated to contribute 43% to the growth of the global voice evacuation systems market during the forecast period. The regional market in APAC is expected to grow due to the factors such as the growing commercial sector, which is primarily led by the expansion of commercial spaces. APAC is expected to be the fastest-growing region in the market because of the increasing industrial development and commercialization activities in various countries in the region. 

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Voice Evacuation Systems Market – Market Dynamics

Leading trends influencing the market 

Dynamic wayfinding is a major trend that is expected to fuel the growth of the voice evacuation systems market during the forecast period. Dynamic wayfinding assists users to find the shortest route to a destination based on the information and guidance system. Large structures like airports, hotels, and high-rise buildings employ electronic maps to show the exit path in electronic display devices. Technological advances wherein voice alarms and detectors will provide information according to the situation and show safe exit ways in case of emergencies will help in the quick evacuation. Hence, technological advancements like dynamic wayfinding are expected to drive growth in the market during the forecast period. 

Major challenges hindering the market growth

The interoperability issues may impede the voice evacuation systems market growth. The integration of voice evacuation systems with advanced systems is complex because it involves interoperability issues. For instance, certain building control systems support X10 devices, while others support INSTEON devices, which restricts the scope of deploying voice alarms according to the needs of the building. Moreover, the cost of retrofitting is high. Additionally, there might be issues related to software linkage and the integration of data sharing.

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What are the key data covered in this Voice Evacuation Systems Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the voice evacuation systems market between 2023 and 2027
• Precise estimation of the size of the voice evacuation systems market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the voice evacuation systems market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of voice evacuation systems market vendors

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Table of Contents   

1 Executive Summary

• 1.1 Market overview 
• • Exhibit 01: Executive Summary – Chart on Market Overview
  • Exhibit 02: Executive Summary – Data Table on Market Overview
  • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
  • Exhibit 04: Executive Summary – Chart on Market by Geography
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
  • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
  • Exhibit 07: Executive Summary – Chart on Incremental Growth
  • Exhibit 08: Executive Summary – Data Table on Incremental Growth
  • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• • Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• • Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
  • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
  • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
  • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global voice evacuation systems market 2017 - 2021
• • Exhibit 18: Historic Market Size – Data Table on Global voice evacuation systems market 2017 - 2021 ($ million)

• 4.2 End user Segment Analysis 2017 - 2021
• • Exhibit 19: Historic Market Size – End user Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
  • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• • Exhibit 32: Chart on Comparison by End-user
  • Exhibit 33: Data Table on Comparison by End-user

• 6.3 Commercial sector - Market size and forecast 2022-2027 
• • Exhibit 34: Chart on Commercial sector - Market size and forecast 2022-2027 ($ million)
  • Exhibit 35: Data Table on Commercial sector - Market size and forecast 2022-2027 ($ million)
  • Exhibit 36: Chart on Commercial sector - Year-over-year growth 2022-2027 (%)
  • Exhibit 37: Data Table on Commercial sector - Year-over-year growth 2022-2027 (%)

• 6.4 Industrial sector - Market size and forecast 2022-2027 
• • Exhibit 38: Chart on Industrial sector - Market size and forecast 2022-2027 ($ million)
  • Exhibit 39: Data Table on Industrial sector - Market size and forecast 2022-2027 ($ million)
  • Exhibit 40: Chart on Industrial sector - Year-over-year growth 2022-2027 (%)
  • Exhibit 41: Data Table on Industrial sector - Year-over-year growth 2022-2027 (%)

• 6.5 Residential sector - Market size and forecast 2022-2027 
• • Exhibit 42: Chart on Residential sector - Market size and forecast 2022-2027 ($ million)
  • Exhibit 43: Data Table on Residential sector - Market size and forecast 2022-2027 ($ million)
  • Exhibit 44: Chart on Residential sector - Year-over-year growth 2022-2027 (%)
  • Exhibit 45: Data Table on Residential sector - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• • Exhibit 46: Market opportunity by End-user ($ million)
  • Exhibit 47: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• • Exhibit 48: Chart on Type - Market share 2022-2027 (%)
  • Exhibit 49: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• • Exhibit 50: Chart on Comparison by Type
  • Exhibit 51: Data Table on Comparison by Type

• 7.3 Voice sounders - Market size and forecast 2022-2027
• • Exhibit 52: Chart on Voice sounders - Market size and forecast 2022-2027 ($ million)
  • Exhibit 53: Data Table on Voice sounders - Market size and forecast 2022-2027 ($ million)
  • Exhibit 54: Chart on Voice sounders - Year-over-year growth 2022-2027 (%)
  • Exhibit 55: Data Table on Voice sounders - Year-over-year growth 2022-2027 (%)

• 7.4 Loudspeakers - Market size and forecast 2022-2027
• • Exhibit 56: Chart on Loudspeakers - Market size and forecast 2022-2027 ($ million)
  • Exhibit 57: Data Table on Loudspeakers - Market size and forecast 2022-2027 ($ million)
  • Exhibit 58: Chart on Loudspeakers - Year-over-year growth 2022-2027 (%)
  • Exhibit 59: Data Table on Loudspeakers - Year-over-year growth 2022-2027 (%)

• 7.5 Emergency microphones - Market size and forecast 2022-2027 
• • Exhibit 60: Chart on Emergency microphones - Market size and forecast 2022-2027 ($ million)
  • Exhibit 61: Data Table on Emergency microphones - Market size and forecast 2022-2027 ($ million)
  • Exhibit 62: Chart on Emergency microphones - Year-over-year growth 2022-2027 (%)
  • Exhibit 63: Data Table on Emergency microphones - Year-over-year growth 2022-2027 (%)

• 7.6 Networked and wireless system - Market size and forecast 2022-2027 
• • Exhibit 64: Chart on Networked and wireless system - Market size and forecast 2022-2027 ($ million)
  • Exhibit 65: Data Table on Networked and wireless system - Market size and forecast 2022-2027 ($ million)
  • Exhibit 66: Chart on Networked and wireless system - Year-over-year growth 2022-2027 (%)
  • Exhibit 67: Data Table on Networked and wireless system - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• • Exhibit 68: Market opportunity by Type ($ million)
  • Exhibit 69: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
  • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• • Exhibit 73: Chart on Geographic comparison
  • Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
  • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
  • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
  • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
  • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
  • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
  • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
  • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
  • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
  • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
  • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
  • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
  • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
  • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
  • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• • Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ million)
  • Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ million)
  • Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
  • Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
  • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
  • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
  • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Russia - Market size and forecast 2022-2027
• • Exhibit 111: Chart on Russia - Market size and forecast 2022-2027 ($ million)
  • Exhibit 112: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
  • Exhibit 113: Chart on Russia - Year-over-year growth 2022-2027 (%)
  • Exhibit 114: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• • Exhibit 115: Market opportunity by geography ($ million)
  • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• • Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• • Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• • Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• • Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• • Exhibit 122: Matrix on vendor position and classification

• 12.3 AmbientSystem SP ZOO 
• • Exhibit 123: AmbientSystem SP ZOO - Overview
  • Exhibit 124: AmbientSystem SP ZOO - Product / Service
  • Exhibit 125: AmbientSystem SP ZOO - Key offerings

• 12.4 Audico Systems Oy 
• • Exhibit 126: Audico Systems Oy - Overview
  • Exhibit 127: Audico Systems Oy - Product / Service
  • Exhibit 128: Audico Systems Oy - Key offerings

• 12.5 Baldwin Boxall Communications Ltd.
• • Exhibit 129: Baldwin Boxall Communications Ltd. - Overview
  • Exhibit 130: Baldwin Boxall Communications Ltd. - Product / Service
  • Exhibit 131: Baldwin Boxall Communications Ltd. - Key offerings

• 12.6 Cofem SA 
• • Exhibit 132: Cofem SA - Overview
  • Exhibit 133: Cofem SA - Product / Service
  • Exhibit 134: Cofem SA - Key offerings

• 12.7 Eaton Corp. Plc 
• • Exhibit 135: Eaton Corp. Plc - Overview
  • Exhibit 136: Eaton Corp. Plc - Business segments
  • Exhibit 137: Eaton Corp. Plc - Key news
  • Exhibit 138: Eaton Corp. Plc - Key offerings
  • Exhibit 139: Eaton Corp. Plc - Segment focus

• 12.8 Hacousto Holland BV 
• • Exhibit 140: Hacousto Holland BV - Overview
  • Exhibit 141: Hacousto Holland BV - Product / Service
  • Exhibit 142: Hacousto Holland BV - Key offerings

• 12.9 Hochiki America Corp. 
• • Exhibit 143: Hochiki America Corp. - Overview
  • Exhibit 144: Hochiki America Corp. - Product / Service
  • Exhibit 145: Hochiki America Corp. - Key offerings

• 12.10 Honeywell International Inc. 
• • Exhibit 146: Honeywell International Inc. - Overview
  • Exhibit 147: Honeywell International Inc. - Business segments
  • Exhibit 148: Honeywell International Inc. - Key news
  • Exhibit 149: Honeywell International Inc. - Key offerings
  • Exhibit 150: Honeywell International Inc. - Segment focus

• 12.11 Johnson Controls International Plc.
• • Exhibit 151: Johnson Controls International Plc. - Overview
  • Exhibit 152: Johnson Controls International Plc. - Business segments
  • Exhibit 153: Johnson Controls International Plc. - Key news
  • Exhibit 154: Johnson Controls International Plc. - Key offerings
  • Exhibit 155: Johnson Controls International Plc. - Segment focus

• 12.12 Mircom Group of Companies 
• • Exhibit 156: Mircom Group of Companies - Overview
  • Exhibit 157: Mircom Group of Companies - Product / Service
  • Exhibit 158: Mircom Group of Companies - Key offerings

• 12.13 NAFFCO FZCO 
• • Exhibit 159: NAFFCO FZCO - Overview
  • Exhibit 160: NAFFCO FZCO - Product / Service
  • Exhibit 161: NAFFCO FZCO - Key offerings

• 12.14 OPTIMUS SA 
• • Exhibit 162: OPTIMUS SA - Overview
  • Exhibit 163: OPTIMUS SA - Product / Service
  • Exhibit 164: OPTIMUS SA - Key offerings

• 12.15 Protec Fire and Security Group Ltd.
• • Exhibit 165: Protec Fire and Security Group Ltd. - Overview
  • Exhibit 166: Protec Fire and Security Group Ltd. - Product / Service
  • Exhibit 167: Protec Fire and Security Group Ltd. - Key offerings

• 12.16 Robert Bosch GmbH 
• • Exhibit 168: Robert Bosch GmbH - Overview
  • Exhibit 169: Robert Bosch GmbH - Business segments
  • Exhibit 170: Robert Bosch GmbH - Key news
  • Exhibit 171: Robert Bosch GmbH - Key offerings
  • Exhibit 172: Robert Bosch GmbH - Segment focus

• 12.17 Siemens AG 
• • Exhibit 173: Siemens AG - Overview
  • Exhibit 174: Siemens AG - Business segments
  • Exhibit 175: Siemens AG - Key news
  • Exhibit 176: Siemens AG - Key offerings
  • Exhibit 177: Siemens AG - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• • Exhibit 178: Inclusions checklist
  • Exhibit 179: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• • Exhibit 180: Currency conversion rates for US$

• 13.4 Research methodology 
• • Exhibit 181: Research methodology
  • Exhibit 182: Validation techniques employed for market sizing
  • Exhibit 183: Information sources

• 13.5 List of abbreviations 
• • Exhibit 184: List of abbreviations

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