Global Walkie Talkie Market 2024-2028
The walkie talkie market is forecasted to grow by USD 2261 mn during 2023-2028, accelerating at a CAGR of 5.75% during the forecast period. The report on the walkie talkie market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by shift to digital walkie talkies, use of lte in walkie talkies, and increased demand for IoT-based walkie talkies.
Technavio's walkie talkie market is segmented as below:
By Product
By Application
- Industry and commerce
- Government and utility
- Defense
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the convergence of lte networks with lmr technology as one of the prime reasons driving the walkie talkie market growth during the next few years. Also, rising competition from smartphones and development of smart lmr technology will lead to sizable demand in the market.
The report on the walkie talkie market covers the following areas:
- Walkie talkie market sizing
- Walkie talkie market forecast
- Walkie talkie market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading walkie talkie market vendors that 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.. Also, the walkie talkie market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.