Walkie Talkie Market Overview, Competitive Analysis, Key...

Walkie Talkie Market Overview, Competitive Analysis, Key Players Review and Forecast To 2030

Posted 2023-04-17 03:32:19

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Walkie Talkie Market Overview

The global walkie talkie market is expected to reach USD 5,263.16 million by 2026 at a CAGR of 10.14% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years. In the past, walkie talkie was mainly used for enterprise purposes. Basically, all walkie-talkies are made to work on specific frequencies that the government of every country has reserved for different types of transmissions. For instance, policemen and firefighters have their own frequencies so that business and public signals do not interfere with emergency communications. In the US, the primary frequencies designated for general public use are called Family Radio Service (FRS) and General Mobile Radio Service (GMRS).

In January 2019, ICOM Inc. released IC-A16/IC-A16E, 8.33/25 kHz ground to air radio with the latest 1500 mW powerful audio which is used by airside ground crews who provide aviation services.

In November 2018, Uniden introduced new UH45 walkie talkie radios which have kid zone features. These radios are able to filter noise from subsequent frequency stations to provide a secure way for children to communicate with their parents.

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Competitive Analysis

The key players of the global walkie talkie market are Motorola Solutions, Inc., Cobra Electronics, Hytera Communications Corporation Limited, JVCKENWOOD, Icom America Inc., Tait Communications, Kirisun Communication Co., Ltd, Shenzhen Hqt Science & Technology Co., Ltd, Uniden America Corporation, Wintec, Yaesu USA, and Garmin Ltd. among others.

In October 2019, TAIT Communications enhanced its portable radios with the addition of TP9500 and TP9600. These radios are useful in high-noise workplaces and situations where time and safety are critical.

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Industry/Innovation/ Related News:

Jan.15, 2021 ---- OFLO, a leading voice communication system designer, launched a new walkie talkie in the market. The new OFLO walkie talkie provides facilities such as calling specific co-workers and calling a person from a smartphone. Its software includes features like live chats, transcriptions, task management, and GPS location.

Segmental Analysis

The global walkie talkie market has been segmented based on type, ownership, end user, and region.

Based on ownership, the global market has been segmented into licensed and license-free. The license-free segment accounted for the largest market share of 53.0% in 2018, with a market value of USD 1,347.85 million; it is expected to register a CAGR of 9.6% during the forecast period. The licensed segment was the second-largest market in 2018, valued at USD 1,184.27 million; it is projected to exhibit a CAGR of 10.8%. Walkie talkies or two-way radios have benefitted the enterprises and industries on a larger front. Various companies use licensed radios to add on-site communication, extra calling, and some additional features in the form of wide-area coverage of business on a secured licensed line. License-free walkie talkies are widely used for personal use, small businesses, and recreational purposes. Unlike licensed walkie talkies, license-free radios do not require permission from the FCC or Ofcom in case of the US and the UK, respectively.

By end user, the market has been segmented into Enterprises/Commercial, Law Enforcement & Security, Consumer/Personal Use, Aerospace & Defense, and Others. The enterprise & commercial segment accounted for the largest market share of 32.1% in 2018, with a market value of USD 815.06 million; it is expected to register a CAGR of 11.7% during the forecast period. Walkie talkies generally operate on two ownership methods, including licensed and licensed free ownership. For consumer/personal use, generally, a License-free walkie talkie is used in applications such as small businesses, event planning, and sports activities. Several small, medium, and large enterprises, manufacturing facilities, construction sector, and infrastructure companies are widely using walkie talkies in their day to day operations to improve coverage, provide clarity during process operation, and increase worker safety. Law enforcement and security are the prime end users of walkie talkies. The use of radio communication in the law enforcement dates back several decades, while the use of walkie talkies is still in practice.

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1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.3 RESEARCH OBJECTIVE

2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION