Global Terrestrial Trunked Radio (TETRA) Market to Reach $8.5 Billion by 2030
The global market for Terrestrial Trunked Radio (TETRA) estimated at US$3.2 Billion in the year 2023, is expected to reach US$8.5 Billion by 2030, growing at a CAGR of 15% over the period 2023-2030. TETRA Hardware, one of the segments analyzed in the report, is expected to record 14.1% CAGR and reach US$4.6 Billion by the end of the analysis period. Growth in the TETRA Software segment is estimated at 16.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $957.1 Million, While China is Forecast to Grow at 14.1% CAGR
The Terrestrial Trunked Radio (TETRA) market in the U.S. is estimated at US$957.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 14.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.8% and 12.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.
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