The global market for Voice Evacuation Systems (VES) is projected to reach US$626.8 million by 2024, driven by factors such as rise in fire accidents especially in high-rise buildings; growing awareness over the benefits of verbal communication of evacuation directions; and launch of high-performance and cost-effective VES. Other major factors driving growth in the market include legislation of new building codes regulating design and construction of structures and their safety features and provisions; and growing use of VES in transport terminals, educational institutions, government and military facilities. Few of the benefits of VES driving adoption rates include ability to quickly, orderly and efficiently evacuate personnel; easy to understand instructions that reduce the risk of panic and wrong reactions; dynamic instructions that continuously guide people until they reach the safe exit; and ability to make smart and automated recommendations and emergency measures for a wide variety of unforeseen scenarios; among others. Europe represents the largest market worldwide. Asia-Pacific is poised to record the fastest CAGR of 8.1% over the analysis period led by factors such as healthy macro-economic variables; rising investments in safety and security technologies in industrial, business, commercial and residential buildings; robust government investments in smart cities; and influence of Western markets that have already acknowledged the role of voice alarm in emergency evacuation.  

Summary of Findings
  • Expanding Use of Voice Evacuation Systems in Evacuation Programs for Chemical Spills & Gas Leaks Offer Growth Opportunities in the Industrial Sector
  • Strong Focus on Building Automation & Integrated Safety Technologies to Drive Market Prospects
  • Recovery in the Global Construction Sector Including Residential and Commercial Real Estate to Benefit Growth in the Market
  • Standalone Voice Evacuation Systems to Grow in Demand in Small to Medium-Sized Buildings
  • Scalable Systems Gain Preference in Large and Complex Sites like Underground Mines and Power Stations

Timeline for Analysis
  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

Geographic Markets Analyzed
  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East & Africa, and Latin America

Major Players
  • Active Total Security Systems
  • ATEÏS Group
  • Audico Systems Oy
  • Baldwin Boxall Communications Ltd.
  • Bosch Security Systems, Inc.
  • Eaton Corporation

How Can You Benefit?
This research project broadly covers analysis of all market trends, drivers, challenges and other macro market scenarios you need to know to improve your strategic planning and remain informed and competitive. The study also provides reliable ready facts and exclusive statistical data insights in addition to expert and highly accurate market size forecasts and projections to help you identify new markets and opportunities for revenue growth and sustainability. The extensive reportage of industry, company and product news and stories together with coverage of all major and niche players provided in the report helps you build a 360 degree perspective on your markets and gain unsurpassed insights needed to devise plans and strategies to maximize business growth.