July 10, 2020
According to the research report titled ‘Global DECT Phones Market Size study with COVID-19 impact, by Type (DECT and DECT 6.0), by Application (Personal and enterprise) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global DECT phones market share accounted for USD 15.59 billion in the year 2019 and is anticipated to showcase a y-o-y growth rate of 5.30% between 2020 and 2026.
For those uninitiated, DECT phones are electronic devices that are employed for communication purposes in public places, house, offices and other areas. The product comprises of a wireless handset and a base station. The base station connects with the handset via radio waves and functions in a specific range.
Rapid industrialization and urbanization are fostering the demand for DECT phones, which in turn is a major factor driving the market growth. As per Association of Equipment Manufacturer, the U.S. construction industry grew by 1.1% and 1.9% in 2017 and 2018 respectively and is predicted to further expand by 1% annually in the subsequent years. Likewise, the National Investment Promotion & Facilitation Agency states that the construction sector in India is estimated to reach a valuation of USD 738.5 billion by 2022.
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Growing demand for advanced technologies and easy portability of DECT devices are aiding the market expansion. However, the COVID-19 pandemic has adversely impacted various manufacturing industries by hampering the import & export activities of essential raw materials, which in turn could hamper the revenue scope of DECT phones market in the forthcoming years. Additionally, rising adoption of smartphones and concerns regarding interference caused by other signals while using DECT phones may act as restraining factors to the expansion of the overall market.
As per type, the market is classified into DECT 6.0 and DECT. The application landscape of global DECT phones market comprises of enterprise and personal segments.
Considering the geographical landscape, North America DECT phones industry is expected to register substantial growth in the ensuing years, primarily driven by increasing utilization of DECT phones in commercial sector. On the other hand, Asia-Pacific market is poised to accumulate considerable returns during the analysis timeframe. Factors such as swift industrialization, innovative product launches and rising per capita income are complementing the industry outlook in APAC.
The prominent companies operating in global DECT phones market are Clarity Products LLC, NEC Corp., Vivo Communication Technology Co. Ltd., AT&T Inc., Motorola Inc., Uniden Holdings Corp., Vtech, Koninklijke Philips N.V., Gigaset AG and Panasonic Corp. among others.