PUBLISHER: The Business Research Company | PRODUCT CODE: 1485231

PUBLISHER: The Business Research Company | PRODUCT CODE: 1485231

Two-Way Radio Global Market Report 2024

PUBLISHED: May 21, 2024

PAGES: 175 Pages

DELIVERY TIME: 2-10 business days

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Description

A two-way radio is a portable communication device that enables users to transmit and receive audio signals over a designated radio frequency. Comprising a transmitter and receiver, it facilitates seamless two-way voice communication within a limited range, ensuring instantaneous and dependable connectivity.

Two main types of two-way radios exist such as analog walkie-talkies and digital walkie-talkies. Analog walkie-talkies utilize traditional analog technology for signal transmission and reception. They encompass various technologies such as terrestrial trunked radio (TETRA), Project 25 (P25), digital mobile radio (DMR), and next-generation digital narrowband (NXDN), serving diverse applications across sectors including government and public safety, utilities, industry and commerce, among others.

The two-way radio market research report is one of a series of new reports from The Business Research Company that provides two-way radio market statistics, including two-way radio industry global market size, regional shares, competitors with a two-way radio market share, detailed two-way radio market segments, market trends and opportunities, and any further data you may need to thrive in the two-way radio industry. This two-way radio market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The two-way radio market size has grown strongly in recent years. It will grow from $9.06 billion in 2023 to $9.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth observed in the historical period can be attributed to several factors, including the expanding digitalization across diverse sectors, heightened demand for public safety and security measures, increased industrialization and infrastructure development, as well as the rising need for tailored and comprehensive solutions with advanced features.

The two-way radio market size is expected to see strong growth in the next few years. It will grow to $13.64 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. Anticipated growth in the forecast period can be credited to several factors, including the expanding adoption within commercial and industrial sectors, the rising popularity of outdoor recreational activities, increased investments in public safety infrastructure, and growing demand in emerging markets. Key trends expected in the forecast period encompass the integration of advanced technologies, such as Internet of Things (IoT) and Artificial Intelligence (AI), the adoption of cloud-based solutions, the uptake of digital radios by law enforcement agencies, and enhanced integration with smartphones.

The surge in outdoor recreational activities' adoption is anticipated to drive the growth of the two-way radio market in the foreseeable future. Outdoor recreational activities encompass a broad spectrum of leisure pursuits and hobbies taking place in natural surroundings and outdoor environments. The increasing adoption of these activities is attributed to their cumulative health benefits, evolving social trends, and a growing desire for connectivity with nature. Two-way radios play a crucial role in outdoor recreation, providing reliable communication in areas where cellular service is unavailable and ensuring safety and coordination during endeavors such as hiking and camping. For instance, as per the November 2023 report from the Bureau of Economic Analysis, a US-based government agency, outdoor recreation contributed 19.8% to the economy's value in 2022, up from 19.0% the previous year. Consequently, the rising adoption of outdoor recreational activities propels the expansion of the two-way radio market.

Leading companies in the two-way radio market are innovating advanced solutions, notably portable two-way radios, to enhance mission-critical communication for frontline workers. Portable two-way radios are handheld communication devices enabling wireless transmission and reception of messages. These radios boast versatility, affordability, and ease of use, rendering them ideal for diverse applications such as public safety, construction, and event management. For instance, in November 2023, Hytera Communications Corporation, a China-based communications equipment company, introduced a new generation of intrinsically safe (IS) two-way radio series, including the HP79XEx DMR Portable Two-way Radio and the PT890Ex TETRA Portable Radio. Engineered to augment personnel safety and communication efficiency, these radios are certified by various explosion-proof standards, making them suitable for industries such as oil and gas, mining, chemical, firefighting, and more. Engineered to prevent sparking during use, minimize heat generation, and ensure safety in hazardous environments with flammable dust and vapors.

In November 2022, Mobile Communications America Inc. (MCA), a US-based telecommunications company, finalized the acquisition of Communications Electronics Inc. for an undisclosed sum. This strategic acquisition aims to bolster MCA's presence in the Mid-Atlantic region and enhance its capability to deliver wireless communication solutions for public safety agencies, educational institutions, healthcare facilities, and businesses. Communications Electronics Inc. is a US-based wireless communication services provider specializing in the design, installation, sales, and service of two-way radio and in-building wireless systems.

Major companies operating in the two-way radio market are Raytheon Technologies Corporation, Johnson Controls, Thales Group, Motorola Solutions Inc., Rohde & Schwarz GmbH & Co. KG, JVCKENWOOD Corporation, Kenwood Corporation, Maxon America Inc., TETRA, Codan Limited, Tait Communications, Sepura Limited, Icom Incorporated, Uniden America Corporation, BK Technologies Corporation, Shenzhen HQT Science & Technology Co. Ltd., Midland Radio Corporation, Simoco Wireless Solutions, Ritron Inc., Hytera Mobilfunk GmbH, SFL Mobile Radio, TPL Communications Inc., Thodukonics, Uniden America Corporation, Kirisun Communications Co. Ltd.

North America was the largest region in the two-way radio market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the two-way radio market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the two-way radio market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The two-way radio market consists of sales of products including handheld walkie-talkies, base stations, repeaters, antennas, digital radios, and analog radios. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Type: Analog Walkie-Talkie; Digital Walkie-Talkie
2) By Technology: Terrestrial Trunked Radio (TETRA); Project 25 (P25); Digital Mobile Radio (DMR); Next Generation Digital Narrowband (NXDN)
3) By Application: Government And Public Safety; Utilities; Industry And Commerce
Covering: Raytheon Technologies Corporation; Johnson Controls; Thales Group; Motorola Solutions Inc.; Rohde & Schwarz GmbH & Co. KG

Product Code: r17458

1. Executive Summary

2. Two-Way Radio Market Characteristics

3. Two-Way Radio Market Trends And Strategies

4. Two-Way Radio Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Two-Way Radio Market Size and Growth

5.1. Global Two-Way Radio Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Two-Way Radio Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Two-Way Radio Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Two-Way Radio Market Segmentation

6.1. Global Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Analog Walkie-Talkie
Digital Walkie-Talkie
6.2. Global Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Terrestrial Trunked Radio (TETRA)
Project 25 (P25)
Digital Mobile Radio (DMR)
Next Generation Digital Narrowband (NXDN)
6.3. Global Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Government And Public Safety
Utilities
Industry And Commerce
Other Applications

7. Two-Way Radio Market Regional And Country Analysis

7.1. Global Two-Way Radio Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Two-Way Radio Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Two-Way Radio Market

8.1. Asia-Pacific Two-Way Radio Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Two-Way Radio Market

9.1. China Two-Way Radio Market Overview
9.2. China Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Two-Way Radio Market

10.1. India Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Two-Way Radio Market

11.1. Japan Two-Way Radio Market Overview
11.2. Japan Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Two-Way Radio Market

12.1. Australia Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Two-Way Radio Market

13.1. Indonesia Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Two-Way Radio Market

14.1. South Korea Two-Way Radio Market Overview
14.2. South Korea Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Two-Way Radio Market

15.1. Western Europe Two-Way Radio Market Overview
15.2. Western Europe Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Two-Way Radio Market

16.1. UK Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Two-Way Radio Market

17.1. Germany Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Two-Way Radio Market

18.1. France Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Two-Way Radio Market

19.1. Italy Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Two-Way Radio Market

20.1. Spain Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Two-Way Radio Market

21.1. Eastern Europe Two-Way Radio Market Overview
21.2. Eastern Europe Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Two-Way Radio Market

22.1. Russia Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Two-Way Radio Market

23.1. North America Two-Way Radio Market Overview
23.2. North America Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Two-Way Radio Market

24.1. USA Two-Way Radio Market Overview
24.2. USA Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Two-Way Radio Market

25.1. Canada Two-Way Radio Market Overview
25.2. Canada Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Two-Way Radio Market

26.1. South America Two-Way Radio Market Overview
26.2. South America Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Two-Way Radio Market

27.1. Brazil Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Two-Way Radio Market

28.1. Middle East Two-Way Radio Market Overview
28.2. Middle East Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Two-Way Radio Market

29.1. Africa Two-Way Radio Market Overview
29.2. Africa Two-Way Radio Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Two-Way Radio Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Two-Way Radio Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Two-Way Radio Market Competitive Landscape And Company Profiles

30.1. Two-Way Radio Market Competitive Landscape
30.2. Two-Way Radio Market Company Profiles
- 30.2.1. Raytheon Technologies Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Johnson Controls
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Thales Group
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Motorola Solutions Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Rohde & Schwarz GmbH & Co. KG
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Two-Way Radio Market Other Major And Innovative Companies

31.1. JVCKENWOOD Corporation
31.2. Kenwood Corporation
31.3. Maxon America Inc.
31.4. TETRA
31.5. Codan Limited
31.6. Tait Communications
31.7. Sepura Limited
31.8. Icom Incorporated
31.9. Uniden America Corporation
31.10. BK Technologies Corporation
31.11. Shenzhen HQT Science & Technology Co. Ltd.
31.12. Midland Radio Corporation
31.13. Simoco Wireless Solutions
31.14. Ritron Inc.
31.15. Hytera Mobilfunk GmbH

32. Global Two-Way Radio Market Competitive Benchmarking

33. Global Two-Way Radio Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Two-Way Radio Market

35. Two-Way Radio Market Future Outlook and Potential Analysis

35.1 Two-Way Radio Market In 2028 - Countries Offering Most New Opportunities
35.2 Two-Way Radio Market In 2028 - Segments Offering Most New Opportunities
35.3 Two-Way Radio Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer

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