Vehicle intercom system market is projected to grow from USD 845.9 million in 2018 to USD 1180.5 million by 2023, at a CAGR of 6.89 % from 2018 to 2023.
The objectives of this study are to analyze the vehicle intercom system market, along with the provision of its statistics. It also aims to define, describe, and forecast the vehicle intercom system market on the basis of the application, component, type, technology and region. 2017 has been considered the base year for this study, whereas 2018 to 2023 is considered as the forecast period.
The research methodology that was used to estimate and forecast the vehicle intercom system market begins with capturing data on the revenues of the key vehicle intercom system players through secondary sources, such as Department of Defense (DoD), Ministry of defense and paid databases. The vehicle intercom system offerings are also taken into consideration to determine the market segmentation. The bottom-up approach was employed to arrive at the overall size of the vehicle intercom system market from the revenue of key players in the market. After arriving at the overall market size, the total market was split into several segments and sub segments, which were verified through primary research by conducting extensive interviews with key experts such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives of the leading companies operating in the vehicle intercom system market.

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Based on the application, military vehicle segment is expected to have the highest CAGR of vehicle intercom system market in 2018. Military modernization programs around the world and increasing research and development activities carried out by companies and governments to increase the efficiency and functioning of military vehicles are some of the factors expected to drive this segment.
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Based on type, the wireless segment is projected to grow at a higher CAGR from 2018 to 2023, as compared to the wired segment. Wireless networks allow crew members to move with ease without being tethered to a fixed position. This, in turn, increases the demand for wireless networks.
The European region is expected to lead the vehicle intercom system market in 2018 The European region is projected to lead the vehicle intercom system market during the forecast period. Military upgrades by Russia, UK, France and Germany and the high usage of intercoms in commercial and emergency vehicles in these countries are expected to fuel the vehicle intercom market in this region
Major companies profiled in the vehicle intercom system market report are Cobham Plc. (UK), Harris Corporation (US), David Clark Company (US), Elbit Systems (Israel), and Thales Group (France).