Picture

Questions?

+1-866-353-3335

SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Orion Market Research | PRODUCT CODE: 1483073

Cover Image

PUBLISHER: Orion Market Research | PRODUCT CODE: 1483073

Global Communication Devices Market 2024-2031

PUBLISHED:
PAGES: 130 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
Unprintable PDF & Excel (Single User License)
USD 4000
Printable PDF & Excel (Corporate License)
USD 6625

Add to Cart

Communication Devices Market Size, Share & Trends Analysis Report by type (Walkie Talkies, Phones, Radios, Tablets, AR glasses, and Others) and by Application (Automotive, Military, Healthcare, Telecommunication, Consumer Electronics, Security and Surveillance, and Others) Forecast Period (2024-2031)

Communication Devices market is anticipated to grow at a CAGR of 7.9% during the forecast period (2024-2031).

Market Dynamics

Infrastructure Expansion and Upgrade as a Driver of the Global Communication Devices Market

One critical driver of the global communication devices market is the ongoing expansion and upgrade of communication infrastructure. For instance, the Shared Rural Network initiative, BDUK, DSIT, and MNOs hope to provide dependable 4G coverage to 95% of the UK's landmass by the end of December 2025. Programs that seek to establish favorable circumstances for technology investment in anticipation of the UK's future connectivity requirements are also funded by DSIT. Its ambitions are outlined in the Wireless Infrastructure Strategy until 2023. This infrastructure refers to the physical and digital systems that facilitate data transmission and reception. By investing in improvements like fiber optic cable deployment and cellular network upgrades, a more robust foundation for communication is established. This translates to increased network capacity for faster data speeds and handling larger data volumes. For instance, in May 2023, A bill passed by Texas lawmakers on Sunday represents the largest investment in broadband expansion in the history of the state. It allots $1.5 billion to an infrastructure fund, which will increase the availability of internet service to 7 million more people in a state where 7 million do not have it. Additionally, upgraded infrastructure components enhance reliability, minimizing disruptions and ensuring consistent communication. Furthermore, modern infrastructure paves the way for emerging technologies like the Internet of Things and cloud computing by providing the necessary bandwidth and connectivity. Finally, infrastructure expansion initiatives, particularly involving satellite networks, bridge the digital divide by extending internet access and communication capabilities to remote areas. In essence, continuous investment in infrastructure expansion and upgrade fosters a more capable communication ecosystem, driving the demand for devices that can leverage these advancements.

Infrastructure Expansion and Upgrade: A Cornerstone for Communication

A major driver propelling the communication devices market is the burgeoning need for remote connectivity. This trend is primarily driven by the increasing adoption of flexible work arrangements and remote work models. These models necessitate communication tools beyond mobile devices, creating a demand for high-quality webcams, microphones, and video conferencing systems to facilitate seamless virtual collaboration. For instance, in May 2023, a report published by The Chartered Institute of Personnel and Development indicates following the epidemic, two-fifths (40%) of businesses have noticed a surge in official requests for flexible working hours and One-fifth (20%) of organizations want to implement new policies or make greater financial investments to allow for more remote work or hybrid employment in the future. Furthermore, the healthcare sector's embrace of telehealth and remote patient monitoring creates a need for reliable communication devices for virtual consultations, data transmission, and remote health monitoring. In March 2022, India achieved a significant milestone in its digital health journey when it utilized its national telemedicine service, "eSanjeevani," to complete 170,000 teleconsultations in a single day. The education sector's shift towards online learning platforms also fuels the demand for devices that support online lectures, webinars, and interactive learning sessions. In essence, the growing demand for effective remote communication across various sectors is a key driver for the communication devices market, shaping the need for devices that cater to these evolving communication needs.

Market Segmentation

Our in-depth analysis of the global Communication Devices market includes the following segments by type and by application:

  • Based on type, the market is sub-segmented walkie-talkies, phones, radios, tablets, AR glasses, and others (wearables, smart TVs, laptops, desktops, and gaming consoles).
  • Based on application the market is augmented into automotive, military, healthcare, telecommunication, consumer electronics, security and surveillance, and others.

Growing Demand for Wireless Convenience: A Key Driver in the Communication Devices Market

The digital walkie-talkie segment is experiencing a boom within the global communication devices market, driven primarily by the convergence of features. Unlike their traditional, analog counterparts, digital walkie-talkies bridge the gap with smartphones by offering a compelling combination of functionalities. In February 2023, a brand-new walkie-talkie has been released by Xiaomi. The formal debut of the Walkie Talkie 2S brand boasts a number of intriguing features, including a claimed standby time of up to 120 hours. This includes crystal-clear audio thanks to digital technology eliminating static and interference, an extended communication range crucial for teams spread over large areas, and enhanced security features like encryption to safeguard communication. By merging the traditional walkie-talkie's strengths of instant connectivity and reliability with advanced features, digital models cater to the evolving needs of various industries, propelling their growth within the communication devices market.

Consumer Electronics Holds a Considerable Market Share

A major factor propelling the growth of automotive communication devices is the rise of connected vehicles. The automotive industry is undergoing a significant transformation with the increasing adoption of connected car technology. These vehicles are equipped with communication devices that enable them to exchange data with other vehicles, infrastructure, and pedestrians using Vehicle-to-Everything (V2X) technology. In December 2023, The Ministry of Land, Infrastructure, and Transport and the Ministry of Science and ICT in South Korea announced that LTE-V2X will be used only in the development of Cooperative-Intelligent Transport Systems (C-ITS). This technology unlocks a range of benefits, including enhanced safety through real-time hazard and traffic information exchange, improved traffic flow through route optimization, and support for the development of autonomous vehicles. As the adoption of connected car technology accelerates, the demand for specialized communication devices within vehicles surges, driving growth in the automotive communication devices sub-segment of the global communication devices market.

Regional Outlook

The global Communication Devices market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).

North America: A Leader in the Communication Devices Market

  • North America is witnessing significant investments in expanding and upgrading communication infrastructure for instance in September 2023, a $25 million investment from the U.S. National Science Foundation Directorate for Technology, Innovation and Partnerships (TIP) is helping five convergent teams move from Phase 1 to Phase 2 of NSF Convergence Accelerator Track G: Securely Operating Through 5G Infrastructure. The teams are tackling 5G communication infrastructure and operational challenges.
  • Fiber Optic Rollout: Laying down fiber optic cables creates a high-bandwidth backbone for data transmission. The absence of reasonably priced, fast-fiber internet connectivity has impeded economic expansion and increased inequality. As a result, the Joe Biden administration's latest infrastructure proposal proposes spending $100 billion on the country's digital infrastructure. This sum is consistent with third-party projections for constructing last-mile fiber access to the majority of homes and businesses; nevertheless, a fundamentally new model for the internet service provider (ISP) sector is needed to lower costs and boost adoption.

Global Communication Devices Market Growth by Region 2024-2031

Source: OMR Analysis

Government Push for Digitalization and E-commerce Boom Drive Communication Devices Market Growth in Asia Pacific

The communication devices market in Asia Pacific is experiencing robust growth fueled by various factors. Firstly, government initiatives are playing a critical role. These initiatives include investment in infrastructure development, subsidies for device purchases, and digital literacy programs. For instance in November 2023, Government of Albanese Australia extends free home broadband for school kids to 2025. The government is extending its innovative initiative, which offers free home broadband to students without access to the internet at home, until the end of 2025. In order to promote educational results and families facing financial strain, the government is giving NBN Co $4.3 million for this program. The School Student Broadband Initiative (SSBI), which was introduced in February 2023, offers free broadband over the National Broadband Network (NBN) for a year to up to 30,000 qualifying households with school-age children. With the increased money, eligible families will instead continue to be connected until December 31, 2025, bringing the total Federal Government commitment in the scheme with NBN Co to $8.8 million. These efforts expand network coverage, increase affordability, and drive user adoption, all of which contribute to market expansion. Secondly, the region's thriving e-commerce sector and rising per capita incomes are creating a surge in demand for communication devices. According to Asian Development Bank Southeast Asia's e-commerce gross merchandise value is predicted to nearly double from $132 billion at the end of 2021 to $254 billion within 5 years. Southeast Asian markets account for five of the ten fastest-growing e-commerce retail economies, according to a different e-Marketer survey. Economies experiencing more than 30% growth in internet sales include Singapore and Indonesia. This demand encompasses smartphones and tablets for online activities, connected home devices for smart living, and communication infrastructure to support efficient logistics and delivery networks. In conclusion, both government support for digitalization and the booming e-commerce landscape are providing strong tailwinds for the communication devices market in Asia Pacific.

Market Players Outlook

Note: Major Players Sorted in No Particular Order.

The major companies serving the global Communication Devices market include Apple Inc., Google (Alphabet Inc.), Meta Platforms Inc, Microsoft Corp. and, Samsung Electronics Co Ltd among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in May 2022, Google acquired Raxium, a maker of single-panel MicroLED display technologies, was bought by Google. Over five years, the Raxium team has developed highly-resolution displays that are compact, economical, and energy-efficient. These displays have paved the way for future advancements in device display technology. We will continue to invest in our hardware endeavors, and Raxium's technological proficiency in this field will be crucial.

The Report Covers:

  • Market value data analysis of 2023 and forecast to 2031.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global Communication Devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying 'who-stands-where' in the market.
Product Code: OMR2028258

Table of Contents

1.Report Summary

  • Current Industry Analysis and Growth Potential Outlook
  • 1.1.Research Methods and Tools
  • 1.2.Market Breakdown
    • 1.2.1.By Segments
    • 1.2.2.By Region

2.Market Overview and Insights

  • 2.1.Scope of the Report
  • 2.2.Analyst Insight & Current Market Trends
    • 2.2.1.Key Findings
    • 2.2.2.Recommendations
    • 2.2.3.Conclusion

3.Competitive Landscape

  • 3.1.Key Company Analysis
  • 3.2.Apple Inc.
    • 3.2.1.Overview
    • 3.2.2.Financial Analysis
    • 3.2.3.SWOT Analysis
    • 3.2.4.Recent Developments
  • 3.3.Google (Alphabet Inc.)
    • 3.3.1.Overview
    • 3.3.2.Financial Analysis
    • 3.3.3.SWOT Analysis
    • 3.3.4.Recent Developments
  • 3.4.Meta Platforms Inc
    • 3.4.1.Overview
    • 3.4.2.Financial Analysis
    • 3.4.3.SWOT Analysis
    • 3.4.4.Recent Developments
  • 3.5.Microsoft Corp.
    • 3.5.1.Overview
    • 3.5.2.Financial Analysis
    • 3.5.3.SWOT Analysis
    • 3.5.4.Recent Developments
  • 3.6.Samsung Electronics Co Ltd
    • 3.6.1.Overview
    • 3.6.2.Financial Analysis
    • 3.6.3.SWOT Analysis
    • 3.6.4.Recent Developments
  • 3.7.Key Strategy Analysis

4.Market Segmentation

  • 4.1.Global Communication Devices Market Type
    • 4.1.1.Walkie Talkies
    • 4.1.2.Phones
    • 4.1.3.Radios
    • 4.1.4.Tablets
    • 4.1.5.AR glasses
    • 4.1.6.Others (Wearables, Smart TVs, laptops, desktops and gaming consoles)
  • 4.2.Global Communication Devices Market by Application
    • 4.2.1.Automotive
    • 4.2.2.Military
    • 4.2.3.Healthcare
    • 4.2.4.Telecommunication
    • 4.2.5.Consumer Electronics
    • 4.2.6.Security and Surveillance
    • 4.2.7.Others

5.Regional Analysis

  • 5.1.North America
    • 5.1.1.United States
    • 5.1.2.Canada
  • 5.2.Europe
    • 5.2.1.UK
    • 5.2.2.Germany
    • 5.2.3.Italy
    • 5.2.4.Spain
    • 5.2.5.France
    • 5.2.6.Rest of Europe
  • 5.3.Asia-Pacific
    • 5.3.1.China
    • 5.3.2.India
    • 5.3.3.Japan
    • 5.3.4.South Korea
    • 5.3.5.Rest of Asia-Pacific
  • 5.4.Rest of the World

6.Company Profiles

  • 6.1.AbleNet Inc.
  • 6.2.AT&T Inc
  • 6.3.Huawei Technologies Co. Ltd
  • 6.4.L3Harris Technologies Inc
  • 6.5.Motorola Solutions Inc
  • 6.6.Satel Oy
  • 6.7.Sepura plc,
  • 6.8.Verizon Communication Inc
  • 6.9.vivo Mobile Communication Co., Ltd.
  • 6.10.Xiaomi Corp
Product Code: OMR2028258

LIST OF TABLES

  • 1.GLOBAL COMMUNICATION DEVICES MARKET BY TYPE, 2023-2031 ($ MILLION)
  • 2.GLOBAL WALKIE TALKIES DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 3.GLOBAL PHONES DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 4.GLOBAL RADIOS DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 5.GLOBAL TABLETS DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 6.GLOBAL AR GLASSES DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 7.GLOBAL OTHER COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 8.GLOBAL COMMUNICATION DEVICES MARKET BY APPLICATION, 2023-2031 ($ MILLION)
  • 9.GLOBAL COMMUNICATION DEVICES MARKET FOR AUTOMOTIVE RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 10.GLOBAL COMMUNICATION DEVICES MARKET FOR MILITARY RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 11.GLOBAL COMMUNICATION DEVICES MARKET FOR HEALTHCARE RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 12.GLOBAL COMMUNICATION DEVICES MARKET FOR TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 13.GLOBAL COMMUNICATION DEVICES MARKET FOR CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 14.GLOBAL COMMUNICATION DEVICES MARKET FOR SECURITY AND SURVEILLANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 15.GLOBAL COMMUNICATION DEVICES MARKET FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 16.GLOBAL COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
  • 17.NORTH AMERICAN COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
  • 18.NORTH AMERICAN COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY TYPE 2023-2031 ($ MILLION)
  • 19.NORTH AMERICAN COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
  • 20.EUROPEAN COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
  • 21. EUROPEAN COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY TYPE 2023-2031 ($ MILLION)
  • 22.EUROPEAN COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
  • 23.ASIA-PACIFIC COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
  • 24.ASIA- PACIFIC COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
  • 25.ASIA- PACIFIC COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
  • 26.REST OF THE WORLD COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
  • 27.REST OF THE WORLD COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
  • 28.REST OF THE WORLD COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)

LIST OF FIGURES

  • 1.GLOBAL COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY TYPE, 2023 VS 2031 (%)
  • 2.GLOBAL WALKIE TALKIES DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 3.GLOBAL PHONES COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 4.GLOBAL RADIOS COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 5.GLOBAL TABLETS COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 6.GLOBAL AR GLASSES COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 7.GLOBAL OTHER COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 8.GLOBAL COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023 VS 2031 (%)
  • 9.GLOBAL COMMUNICATION DEVICES MARKET FOR AUTOMOTIVE RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 10.GLOBAL COMMUNICATION DEVICES MARKET FOR MILITARY RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 11.GLOBAL COMMUNICATION DEVICES MARKET FOR HEALTHCARE RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 12.GLOBAL COMMUNICATION DEVICES MARKET FOR TELECOMMUNICATION RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 13.GLOBAL COMMUNICATION DEVICES MARKET FOR CONSUMER ELECTRONICS RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 14.GLOBAL COMMUNICATION DEVICES MARKET FOR SECURITY AND SURVEILLANCE RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 15.GLOBAL COMMUNICATION DEVICES MARKET FOR OTHERs RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 16.GLOBAL COMMUNICATION DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
  • 17.US COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 18.CANADA COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 19.UK COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 20.FRANCE COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 21.GERMANY COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 22.ITALY COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 23.SPAIN COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 24.REST OF EUROPE COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 25.INDIA COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 26.CHINA COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 27.JAPAN COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 28.SOUTH KOREA COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 29.REST OF ASIA-PACIFIC COMMUNICATION DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
  • 30.REST OF THE WORLD COMMUNICATION DEVICES MARKET S031 ($ 2031 ($ MILLION)
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!