The two-way radio equipment market is expected to gross $12,200.9 million globally by 2030 at a CAGR of 5.9%, according to The Brainy Insights

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The demand for two-way radio equipment is increasing in government and public sector owing to the huge investments made by the government and other law regulatory bodies for effective communication between departments and employees.

Newark, May 19, 2022 (GLOBE NEWSWIRE) — According to report published by The Brainy Insights, the global market for two-way radio equipment is expected to grow from USD 7,283.3 million in 2021 to USD 12,200.9 million by 2030, at a CAGR of 5.9% over the forecast period 2022-2030.

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There was a lack of communication during pandemics and war, so two-way radio equipment was used to connect two people with the same device. Two-way radio equipment uses an ultra-high frequency (UHF) or very high frequency (VHF) carrier frequency wave to transmit signals over a radio channel. Nikola Tesla, in 1882, invented an electric oscillator capable of producing electromagnetic pulses with frequencies around 100 kHz (100 kilohertz). Two-way radios have been used for decades to bridge the communication gap in the utility, military, and transportation sectors. They are portable and can be used for long range communication at an affordable price.

Competitive Strategy

To strengthen their position in the global two-way radio equipment market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships.

● In 2020, EF Johnson Technologies, Inc. and JVCKENWOOD Corporation won the contract from the California Highway Patrol (CHP) in the United States to provide digital radio systems for professionals.

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Market growth and trends

The increasing ease of doing business and the growing number of industries are creating the need for a market for two-way radio equipment as it easily connects one person to others having the same device. However, the development of devices with new technologies like IoT for better communication experience is hampering the two-way radio equipment market. Additionally, the Covid-19 pandemic has also negatively impacted the market growth as several manufacturing units have been put on hold. But new features that are added to two-way devices to improve connectivity and communication, such as increased channel capacity, longer battery life, better voice quality, longer coverage and GPS tracking, are key benefits and increase adoption. two-way radio equipment.

Main conclusions

● In 2021, the analog segment dominated the market with the largest market share of 64% and revenue of 4,661.3 million.

The product type segment is divided into analog and digital. In 2021, the analog segment dominated the market with the largest market share of 64% and revenue of 4661.3 million. Analog two-way radio equipment is easy to use and is ideal for communicating in critical applications. It is a popular alternative due to its multipoint call support and short connection time. They also provide high quality audio, which is expected to drive the market growth in the segment over the forecast period.

● In 2021, the government and public sector segment accounted for the largest market share, with 23% and revenue of €1,675.1 million.

The end-user segment is divided into government and public sector, manufacturing, utilities, transportation and logistics, education, hospitality, and others. In 2021, the government and public sector segment accounted for the largest market share, with 23% and a market revenue of 1675.1 million. There is a lack of communication between public services and employees of public and government agencies. To fill this gap, two-way radio equipment is widely used by employees. There is a drastic rise in public and government organizations which is expected to propel the growth of two way radio equipment in the industry.

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Regional Segment Analysis of Two Way Radio Equipment Market

● North America (United States, Canada, Mexico)
● Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
● Asia-Pacific (China, Japan, India, rest of APAC)
● South America (Brazil and Rest of South America)
● Middle East and Africa (UAE, South Africa, Rest of MEA)

Among all regions, North America has emerged as the largest market for the global two-way radio equipment market, with a market share of around 41.3% and 3008.0 million market revenue in 2021. two way radio equipment market in the North America region has been growing thanks to leading players in the market. Along with this, the North American region has the presence of high GDP countries such as the United States and Canada. The presence of a well-established technological ecosystem and favorable economic policies in the region is also propelling the growth of the two-way radio equipment market. New technologies are very well accepted in this region, supporting the growth of the market.

Leading players operating in the global two-way radio equipment market are:

● Hytera Communications
● BK Technologies
● L3Harris Technologies
●Motorola Corporation
● JVCKENWOOD Corporation
● Midland
● Cobra
● Binatone
● Uniden
● Entel Group

This study forecasts revenue at global, regional and country levels from 2022 to 2030. Brainy Insights has segmented the global two-way radio equipment market based on the segments mentioned below:

Global Two-Way Radio Equipment Market by Product Type:

● Analog
● Digital

Global Two-Way Radio Equipment Market by End User:

● Government and public sector
● Manufacturing
● Utilities
● Transportation & Logistics
● Education
● Hospitality
● Others

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About the report:

The global two-way radio equipment market is analyzed on the basis of value (USD million). All segments have been analyzed at global, regional and country level. The study includes analysis of more than 30 countries for each part. The report analyzes the drivers, opportunities, restraints and challenges to gain a critical overview of the market. The study includes Porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position analysis, distribution and marketing channel analysis.

About The Brainy Insights:

The Brainy Insights is a market research company, aiming to provide businesses with actionable insights through data analytics to improve their business acumen. We have a robust forecasting and estimating model to meet customers’ high-quality production goals in a short period of time. We provide custom (customer specific) and syndicated reports. Our union reporting repository is diverse across all domain categories and subcategories. Our customized solutions are designed to meet customer needs, whether they are looking to expand or planning to launch a new product in the global market.

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