Global Vehicle Intercom Systems Market to Reach $2 Billion by 2030
The global market for Vehicle Intercom Systems estimated at US$1.3 Billion in the year 2023, is expected to reach US$2 Billion by 2030, growing at a CAGR of 6.4% over the period 2023-2030. Wired Intercom Systems, one of the segments analyzed in the report, is expected to record 6.2% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the Wireless Intercom Systems segment is estimated at 6.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $396.3 Million, While China is Forecast to Grow at 6% CAGR
The Vehicle Intercom Systems market in the U.S. is estimated at US$396.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$352.3 Million by the year 2030 trailing a CAGR of 6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 5.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
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