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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?
For any questions related to Terrestrial Trunked Radio Market, Terrestrial Trunked Radio Market Size, Terrestrial Trunked Radio Market Growth, Terrestrial Trunked Radio Market Analysis, Terrestrial Trunked Radio Market Report, Terrestrial Trunked Radio Market Share, Terrestrial Trunked Radio Market Trends, Terrestrial Trunked Radio Market Forecast, Terrestrial Trunked Radio Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Terrestrial Trunked Radio Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Terrestrial Trunked Radio Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Terrestrial Trunked Radio Market by Component
3.3.1: Hardware
3.3.2: Software
3.4: Global Terrestrial Trunked Radio Market by Device Type
3.4.1: Portable
3.4.2: Vehicular
3.5: Global Terrestrial Trunked Radio Market by Application
3.5.1: Commercial
3.5.2: Public Safety
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Terrestrial Trunked Radio Market by Region
4.2: North American Terrestrial Trunked Radio Market
4.2.2: North American Terrestrial Trunked Radio Market by Application: Commercial and Public Safety
4.3: European Terrestrial Trunked Radio Market
4.3.1: European Terrestrial Trunked Radio Market by Component: Hardware and Software
4.3.2: European Terrestrial Trunked Radio Market by Application: Commercial and Public Safety
4.4: APAC Terrestrial Trunked Radio Market
4.4.1: APAC Terrestrial Trunked Radio Market by Component: Hardware and Software
4.4.2: APAC Terrestrial Trunked Radio Market by Application: Commercial and Public Safety
4.5: ROW Terrestrial Trunked Radio Market
4.5.1: ROW Terrestrial Trunked Radio Market by Component: Hardware and Software
4.5.2: ROW Terrestrial Trunked Radio Market by Application: Commercial and Public Safety
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Terrestrial Trunked Radio Market by Component
6.1.2: Growth Opportunities for the Global Terrestrial Trunked Radio Market by Device Type
6.1.3: Growth Opportunities for the Global Terrestrial Trunked Radio Market by Application
6.1.4: Growth Opportunities for the Global Terrestrial Trunked Radio Market by Region
6.2: Emerging Trends in the Global Terrestrial Trunked Radio Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Terrestrial Trunked Radio Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Terrestrial Trunked Radio Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Rohill Engineering
7.2: Bitea
7.3: Rolta India Limited
7.4: Airbus Defence and Space Oy
7.5: Damm Cellular Systems A/S
7.6: Sepura
7.7: Simoco Group
7.8: JVC Kenwood Corporation
7.9: Motorola Solutions
7.10: Hytera Communications Corporation
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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