The general communication equipment market consists of sales of general communication equipment and related services which are used for communication purposes. Communication equipment are devices that eases the communication between individuals and helps communicate important signals to an individual. The general communication equipment include intercom systems and signalling equipment, fire detection equipment, alarm systems and equipment, traffic signals, and smoke detectors.
The global general communication equipment market reached a value of nearly $145.3 billion in 2019, having grown at a compound annual growth rate (CAGR) of 2.37% since 2015, and is expected to grow at a CAGR of 2.71% to nearly $161.7 billion by 2023.
