In a recent published report, Kenneth Research has updated the market report for DECT Phones Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for DECT Phones Market products.
The DECT Phones market is estimated to represent a global market of USD 14.06 billion by 2017 with growth rate of 5.3%.
The worldwide DECT phones market is primarily derived by growing adoption of advanced technology and easy movability. Furthermore, ease & flexibility to use cordless phones along with the easy installation methods is expected to provide abundant growth to the industry over the forecast period. DECT (Digital Enhanced Cordless Telecommunications) is a communications technology which allows phone handsets to work wirelessly, without the usage of cable between the handset and base station. The range of DECT phones is limited to a set distance of up to 300 meters from the base station.
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The cordless phones market is dominated by DECT technology taking over the share of analog phones over the past few years. DECT phones accounted for more than 85% of the global cordless phones market in 2017. Cordless phones comprise analog phones, Digital Enhanced Cordless Telecommunications (DECT) phones, and other digital technology phones. Technological advancements and the advantages offered by DECT technology phones over the other cellular devices is anticipated to be the major factor for fueling the growth of the industry. The volume consumption was estimated to be 120 million units in 2017 and to reach over 150 million units by 2025.
Based on type, the DECT phone industry is segregated into regular DECT and DECT 6.0. The market is dominated by DECT 6.0, which is a latest version of DECT. The segment contributed a volume share of over 70% in 2017 and the consumption is expected to reach significant units by 2025, mounting at a growth of 2% during 2018 to 2025.
On the basis of application, the market is segmented into personal and enterprise application. The personal segment is predicted to dominate the overall market in terms of revenue and contributed a share of more than 65% in 2017. The personal and residential application uses the single cell DECT phones covering villa or a flat, garden, basement, main floor and the upper floor.
However, the enterprise application uses multi-cell DECT phones providing on-premise coverage and local mobility through seamless handover between pico-cell base stations. DECT technology is installed where cellular services are not capable of providing the required coverage, quality, and required services and integration with the local production system and key administration.
In 2017, North America dominated the overall market for DECT phones. Europe was the second largest market for DECT phones for the same year accounting for significant share of the global DECT phone market. Large number of DECT phone manufacturers operating in the region and growing number of enterprises is expected to drive the demand for DECT phones over the forecast period.
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Key Vendor Takeaway
The DECT phones market is consolidated in nature and highly competitive. Key players such as ALE International, Funkwerk Enterprise Communications, Panasonic Corporation, Mitel, Gigaset Communications, Aztech Group Limited, Ericsson, Concern Goodwin, and Avaya Inc. are offering affordable solutions to fulfill the requirements of various DECT 6.0 and DECT users. These advantages offered by DECT technology are projected to fuel the market growth in the coming years.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPE
MARKET, BY APPLICATION
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
About Kenneth Research
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