Terrestrial Trunked Radio Market Report: Trends, Forecast and Competitive Analysis to 2030

Terrestrial Trunked Radio Market Report: Trends, Forecast and Competitive Analysis to 2030

Terrestrial Trunked Radio Trends and Forecast

The future of the global terrestrial trunked radio market looks promising with opportunities in the commercial, and public safety markets. The global terrestrial trunked radio market is expected to reach an estimated $13.5 billion by 2030 with a CAGR of 17.0% from 2024 to 2030. The major drivers for this market are growing usage of advance communication in the industrial sectors and escalating demand for mission critical communication.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Terrestrial Trunked Radio by Segment

The study includes a forecast for the global terrestrial trunked radio by component, device type, application, and region.

Terrestrial Trunked Radio Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software

Terrestrial Trunked Radio Market by Device Type [Shipment Analysis by Value from 2018 to 2030]:

• Portable
• Vehicular

Terrestrial Trunked Radio Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Public Safety

Terrestrial Trunked Radio Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Terrestrial Trunked Radio Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies terrestrial trunked radio companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the terrestrial trunked radio companies profiled in this report include-

• Rohill Engineering
• Bitea
• Rolta India Limited
• Airbus Defence and Space Oy
• Damm Cellular Systems A/S
• Sepura
• Simoco Group
• JVC Kenwood Corporation
• Motorola Solutions
• Hytera Communications Corporation

Terrestrial Trunked Radio Market Insights

Lucintel forecasts that software is expected to witness higher growth over the forecast period due to growing adaption of software application for text messaging, automatic position messages, remoting radio monitor, accessing voice, and data information.

Within this market, public saftey will remain the larger segment due to high need for for efficient critical communications in military and defense, home security, emergency and medical services.

APAC is expected to witness highest growth over the forecast period due to widespread adoption of tetra technologies in government, public safety, and the transformation industry.

Features of the Global Terrestrial Trunked Radio Market

Market Size Estimates: Terrestrial trunked radio market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Terrestrial trunked radio market size by component, device type, application, and region in terms of value ($B).

Regional Analysis: Terrestrial trunked radio market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, device types, applications, and regions for the terrestrial trunked radio market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the terrestrial trunked radio market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the terrestrial trunked radio market size?

Answer: The global terrestrial trunked radio market is expected to reach an estimated $13.5 billion by 2030.

Q.2 What is the growth forecast for terrestrial trunked radio market?

Answer: The global terrestrial trunked radio market is expected to grow with a CAGR of 17.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the terrestrial trunked radio market?

Answer: The major drivers for this market are growing usage of advance communication in the industrial sectors and escalating demand for mission critical communication.

Q4. What are the major segments for terrestrial trunked radio market?

Answer: The future of the terrestrial trunked radio market looks promising with opportunities in the commercial, and public safety markets.

Q5. Who are the key terrestrial trunked radio market companies?

Answer: Some of the key terrestrial trunked radio companies are as follows:

• Rohill Engineering
• Bitea
• Rolta India Limited
• Airbus Defence and Space Oy
• Damm Cellular Systems A/S
• Sepura
• Simoco Group
• JVC Kenwood Corporation
• Motorola Solutions
• Hytera Communications Corporation

Q6. Which terrestrial trunked radio market segment will be the largest in future?

Answer: Lucintel forecasts that software is expected to witness higher growth over the forecast period due to growing adaption of software application for text messaging, automatic position messages, remoting radio monitor, accessing voice, and data information.

Q7. In terrestrial trunked radio market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to widespread adoption of tetra technologies in government, public safety, and the transformation industry.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the terrestrial trunked radio market by component (hardware and software), device type (portable and vehicular), application (commercial and public safety), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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