NEW
YORK, June 28, 2024 /PRNewswire/ -- The global
walkie talkie market size is estimated to grow by USD 2.26 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of almost
5.75% during the forecast period. Shift to digital walkie
talkies is driving market growth, with a trend towards convergence
of LTE networks with LMR technology. However, increasing data
congestion poses a challenge. Key market players include Cedar
Electronics Corp., Entel UK Ltd., Fujian Baofeng Electronics Co.
Ltd., Fujian BelFone Communications Technology Co. Ltd., Garmin
Ltd., Hytera Communications Corp. Ltd., Icom Inc., JVCKENWOOD
Corp., Kirisun Communication Co. Ltd., Midland Radio Corp.,
Motorola Solutions Inc., Quansheng Electronics Co. Ltd., Quanzhou
Senhaixun Electronic Technology Co. Ltd., Shenzhen HQT Science and
Technology Co. Ltd., SWIFTCOM TECHNOLOGY PTE LTD., Tait
International Ltd., TALKPRO, Uniden America Corp., VITAI
Electronics Co. Ltd., and Wintec Co. Ltd..
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
snapshot of this report
Walkie Talkie Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.75%
|
Market growth
2024-2028
|
USD 2261
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.35
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 53%
|
Key
countries
|
US, China, Germany,
Japan, and UK
|
Key companies
profiled
|
Cedar Electronics
Corp., Entel UK Ltd., Fujian Baofeng Electronics Co. Ltd., Fujian
BelFone Communications Technology Co. Ltd., Garmin Ltd., Hytera
Communications Corp. Ltd., Icom Inc., JVCKENWOOD Corp., Kirisun
Communication Co. Ltd., Midland Radio Corp., Motorola Solutions
Inc., Quansheng Electronics Co. Ltd., Quanzhou Senhaixun Electronic
Technology Co. Ltd., Shenzhen HQT Science and Technology Co. Ltd.,
SWIFTCOM TECHNOLOGY PTE LTD., Tait International Ltd., TALKPRO,
Uniden America Corp., VITAI Electronics Co. Ltd., and Wintec Co.
Ltd.
|
Market Driver
The walkie talkie market is experiencing growth due to the
integration of LTE and LMR networks. Emergency services seek to
utilize LTE's expanded bandwidth for increasing data requirements.
The Third Generation Partnership Project (3GPP) has been
collaborating to adapt LTE standards for public safety needs.
Real-time video streaming from LTE-enabled devices is essential for
situational awareness in law enforcement. Vendors like Tait
Communication offer applications that connect radio, cellular, and
WiFi networks, enhancing the market's potential.
The Walkie Talkie market is experiencing significant growth,
with numerous companies offering innovative communication
solutions. Devices with long battery life and clear audio quality
are in high demand. Transmission range and durability are also key
factors driving sales. Additionally, the integration of walkie
talkies with other technologies, such as GPS and Wi-Fi, is a trend
that is gaining traction. Companies are also focusing on developing
walkie talkies with advanced features like push-to-talk over
cellular networks and Bluetooth connectivity. The market is
expected to continue growing due to its applications in various
industries, including construction, manufacturing, and
logistics.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The Walkie Talkie market may experience challenges due to data
congestion, which reduces network quality when data exceeds ideal
handling capacity. Effects include packet loss, blocked
connections, and queueing delays. Data congestion arises from
insufficient bandwidth or excessive traffic. In contrast, modern
cellular networks like LTE use voice over LTE (VoLTE), sending
compressed data packets for clearer voice and faster communication
without congestion. This negatively impacts the Walkie Talkie
market growth during the forecast period.
- The Walkie Talkie market faces several challenges in today's
business landscape. Keywords such as communication, technology, and
compatibility are crucial. Ensuring seamless communication between
teams is a significant challenge. Keeping up with the latest
technology trends is another hurdle. Compatibility issues between
different Walkie Talkie models can also cause problems. Handling
and handling costs, as well as battery life, are additional
concerns. Radios must be durable and reliable in various
environments. Transitioning from traditional to digital Walkie
Talkies is a major shift for many organizations. Markets like
construction, manufacturing, and logistics heavily rely on Walkie
Talkies for efficient operations. Addressing these challenges
requires continuous innovation and improvement in Walkie Talkie
technology.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This walkie talkie market report extensively covers market
segmentation by
- Product
- Application
- 2.1 Industry and commerce
- 2.2 Government and utility
- 2.3 Defense
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Digital- Digital walkie talkies offer
numerous advantages over traditional analog radios in the market.
These benefits include the ability to support multiple
conversations on one channel, reduce background noise, and consume
less bandwidth. Digital radios also offer text messaging, data
tracking, and emergency alarm features. With compatibility with
analog radios, the transition to digital technology is smoother.
New software applications and the use of both digital and analog
radios simultaneously are additional advantages. The global walkie
talkie market is expected to grow due to these functional and
performance enhancements.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Walkie Talkie market encompasses a wide range of portable
communication devices, including two-way radios, hand-held
transceivers, and wireless handsets. These communication tools are
essential for various industries and applications, such as
construction sites, emergency services, and outdoor events. The
market for walkie talkie sets continues to grow due to the
increasing demand for reliable, wireless communication solutions
that offer convenience and mobility. Radio equipment manufacturers
are constantly innovating to improve the functionality and features
of these devices, making them an indispensable communication tool
for businesses and individuals alike.
Market Research Overview
The Walkie Talkie market encompasses the production,
distribution, and sale of portable two-way radios, also known as
walkie-talkies. These devices enable real-time communication
between users in various industries, including construction,
manufacturing, transportation, and event management. Walkie Talkies
offer advantages such as long battery life, durability, and ease of
use. They come in various forms, including handheld models and
wearable devices. The market is driven by factors such as
increasing demand for efficient communication solutions and
technological advancements in the sector. Additionally, the market
is witnessing the emergence of digital walkie-talkies, which offer
features like longer range, better sound quality, and integration
with other communication systems.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Application
-
- Industry And Commerce
- Government And Utility
- Defense
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/walkie-talkie-market-size-is-set-to-grow-by-usd-2-26-billion-from-2024-2028--shift-to-digital-walkie-talkies-boost-the-market-technavio-302185335.html
SOURCE Technavio