Global voice evacuation systems market projected to reach USD 1.79 billion by 2029

The global voice evacuation systems market is projected to grow by USD 1.79 billion from 2025 to 2029, with a compound annual growth rate (CAGR) of 21.6%, according to a report by Technavio.

Technavio attributes this growth to the expansion of the real estate and construction sectors, alongside increased adoption of Internet of Things (IoT) technologies in building control systems.

The report states that voice evacuation systems are increasingly used in commercial buildings, industrial facilities, and public spaces due to their ability to provide clear emergency instructions.

According to Technavio, Asia-Pacific is expected to account for 41% of the market’s growth, driven by urbanisation, infrastructure investments, and regulatory requirements for fire safety systems.

However, the report highlights that high initial installation costs of voice sounders and loudspeakers pose a challenge to widespread adoption.

IoT integration in voice evacuation systems

Technavio’s report states that IoT integration is improving voice evacuation systems by enabling interconnectivity between devices.

The report notes that traditional standalone voice alarm systems are now being incorporated into smart building ecosystems.

According to the report, IoT-enabled systems allow for real-time monitoring and automated alerts, which can improve response times.

Technavio also highlights that the development of mesh networks is expected to support connectivity among multiple devices, potentially enhancing system reliability.

The report indicates that regulatory bodies are increasingly requiring automated emergency alarm systems, which is contributing to the adoption of IoT-integrated solutions.

Challenges in adoption and installation costs

Technavio identifies cost as a key challenge in the adoption of voice evacuation systems.

The report states that the initial investment includes expenses for hardware, installation, and maintenance, which vary depending on building size and system complexity.

The report highlights that large-scale facilities, such as hospitals, hotels, and educational institutions, require more extensive installations, increasing procurement expenses.

According to Technavio, factors such as customisation, zoning considerations, and integration with existing fire safety and communication systems also impact overall costs.

Technavio’s report further states that retrofitting older buildings presents additional challenges, particularly in ensuring interoperability with legacy systems.

The report notes that professional installation services are typically required, adding to overall expenses.

Regional market trends and key players

Technavio’s report states that Asia-Pacific is expected to be the largest contributor to market growth, followed by North America and Europe.

The report identifies the US, China, Germany, and India as key markets due to regulatory requirements for fire safety systems and increasing infrastructure investments.

According to the report, key companies operating in the market include ABB Ltd., Eaton Corp plc, Honeywell International Inc., Siemens AG, Johnson Controls International Plc, Bosch GmbH, Baldwin Boxall Communications Ltd., and TOA Corp.

The report states that these firms are investing in research and development to improve system capabilities, with a focus on AI-driven automation and enhanced audio quality.

Technavio: Global voice evacuation systems market to grow by USD 1.79 billion by 2029 – Summary

A report by Technavio forecasts that the global voice evacuation systems market will grow by USD 1.79 billion between 2025 and 2029, with a CAGR of 21.6%.

The report attributes this growth to the expansion of the real estate and construction industries, as well as the increasing adoption of IoT in building management systems.

Technavio states that Asia-Pacific will contribute 41% of market growth.

The report highlights that IoT integration is improving system efficiency by enabling real-time monitoring and automated emergency response features.

However, it notes that high installation costs, system compatibility issues, and the need for professional installation services are challenges.

The report identifies key market players including ABB Ltd., Eaton Corp plc, Honeywell International Inc., Siemens AG, and Johnson Controls International Plc.

Technavio states that these companies are focusing on AI and automation to enhance voice evacuation system capabilities.

The report also highlights that regulatory requirements for fire safety systems are expected to drive further market demand.