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Terrestrial Trunked Radio Market Worth 4.40 Billion Usd By 2022 With A Growing Cagr Of 17.08%

By Author: MarketsandMarkets
Total Articles: 21

According to the new market research report "Terrestrial Trunked Radio Market by Component (Hardware, and Software), Device Type (Portable, and Vehicular (Mobile)), Application (Commercial, and Public Safety), and Geography - Global Forecast to 2022", is expected to be worth USD 4.40 Billion by 2022, at a CAGR of 17.08% between 2017 and 2022. The major driver for the growth of the terrestrial trunked radio market is the growing demand of mission critical communications globally. The overall terrestrial trunked radio market is driven by factors such as transition of radio communication devices from analog to digital, and growing use of mobile radio communications in the transportation industry.

“Demand for portable devices expected to drive the growth of the terrestrial trunked radio market.”

The market for portable devices is expected to grow at the highest CAGR between 2017 and 2022. As portable radios are handy and easy to use, they account for the largest market share. These radios are mainly used for group call communications and are also known as professional mobile radios (PMR) or two-way wireless radios. The demand for TETRA technology in portable devices will likely boost the terrestrial trunked radio market in the near future.

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“Military and defense, and transportation TETRA market to grow at the highest rate between 2017 and 2022.”

Military and defense is the largest application driving the growth of TETRA for mission critical operations. Terrestrial trunked radios are a vital part of every military setup, and thus are expected to grow at a high rate during the forecast period. Portable and vehicular radios are now available with inbuilt world class standard TETRA to cater to the needs of critical and seamless communications in military and defense, and homeland security. The application of TETRA in transportation covers land, air, and sea transport security. In air transport, information about arrival and departure of flights are conveyed and interoperated by security personnel via TETRA technology. Modern transport systems, such as highway, public transport, and port and airport facilities, have provided the society with numerous advantages in terms of increased travel opportunities and greater choice. The Asian Institute of Transport Development (AITD) is focusing on making transport systems cleaner, safer, more efficient, and more affordable.

“Asia Pacific to witness the highest growth between 2017 and 2022”

The terrestrial trunked radio market in Asia Pacific (APAC) is expected to grow at the highest CAGR between 2017 and 2022. The reason for this growth is the huge population base, increasing adoption of TETRA networks, research and development (R&D) activities, and increasing focus on critical communications operations in this region. In APAC, the terrestrial trunked radio market is mainly driven by China and Japan because of the rapid pace of industrialization in these countries. Therefore, the terrestrial trunked radio market in APAC is expected to witness rapid growth between 2017 and 2022.

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Key players in the ecosystem of the terrestrial trunked radio market profiled in this report are Motorola Solutions, Inc. (US), Airbus Defense and Space Corporation (France), Hytera Communications Corporation Limited (China), JVCKENWOOD Corporation (Japan), Sepura PLC (UK), Simoco Group (UK), DAMM Cellular Systems A/S (Denmark), Rohill Engineering B.V. (Netherlands), Bitea Limited (UK), and Rolta India Limited (India).

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