Two-Way Radio Equipment Market Forecast to 2028

Two-Way Radio Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Digital and Analog), Signal Frequency (Very High Frequency (VHF) and Ultra-High Frequency (UHF)), and End Use Industry (Government & Public Safety, Manufacturing, Utilities, Transportation & Logistics, Education, Hospitality, and Others)

Report Code : TIPRE00003615 | Region : Global | Industry : Electronics and Semiconductor | Published Date : 16/Mar/2022

The two-way radio equipment market is projected to grow from US$ 7,883.32 million in 2021 to US$ 12,034.52 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.

Europe is characterized by a remarkable industrial presence, high GDP, high GDP per capita, advanced technology adoption, robust infrastructure, and an increase in the geriatric population. Germany, the UK, and France are among the few countries at the forefront of the Europe two-way radio equipment market. The European Commission is primarily focusing on research and development funding to reinforce the competitiveness of its manufacturing sector and continue its global technological leadership. General government expenditure in the European Union (EU) on public order and safety was around 1.8% of GDP in 2020. The GDP of the European Union was around US$ 15 trillion (nominal) in 2020. In the 2022 budget, the Social Democrat-Green government in Sweden announced that it would give police and criminal justice services an additional US$ 290 million approximately. Such additional spending on law enforcement creates considerable demand for two-way radio equipment. France is a technologically advanced country and is the third-largest economy in Europe, after Germany and the UK. The country has a high number of retail stores comprising varied supermarkets, hypermarkets, and grocery stores. Additionally, the construction of new hotels and resorts is majorly driving the country's two-way radio equipment market growth.

COVID-19 Impact on Two-Way Radio Equipment Market

The adoption of two-way radio equipment increased to enhance employee communication on the floor and ensure their safety before the COVID-19 pandemic. However, due to the COVID-19 outbreak, the manufacturing units across North America were temporarily closed to combat the virus's rapid spread. The manufacturing sector experienced notable losses due to temporary factory shutdowns and low production volumes, which hindered production capacities, adversely impacting the two-way radio equipment market from both demand and supply sides. The region's retail sector was also severely impacted due to the onset of the COVID-19 pandemic. The sector faced challenges in the supply chain, labor force, and cash flow in the first two quarters of 2020. With the increase in the number of people visiting hospitals and care centers, efficient communication between staff became necessary. Thus, the demand for two-way radio equipment remained unaffected. However, supply chain disruptions across the region created a gap between demand and supply, thereby negatively impacting the growth of two-way radio equipment market. Additionally, the educational institutions were closed temporarily to combat the spread of the virus, leading to a decline in demand for two-way radio equipment from the sector. On the other side, with the normalization of the North American economy from quarter 3 (Q3) of 2020, the demand for two-way radio communication equipment also started to revive from various industries, such as manufacturing, transportation & logistics, education, hospitality, and retail.

The global two-way radio equipment market has been segmented into five key regions—North America, Europe, APAC, the Middle East & Africa, and South America. In 2020, North America held the largest share of the global two-way radio equipment market, followed by Europe, APAC, the MEA, and SAM. Asia Pacific is expected to be the fastest-growing region among these regions during the forecast period. Hytera Communications Corporation Ltd, Midland Radio Corporation, Tait Communications, Uniden America Corporation, and JVCKENWOOD Corporation are key players operating in the two-way radio equipment market.

The two-way radio equipment market growth is propelled by increasing demand of the equipment across end-use industries such as manufacturing, government & public safety, transportation & logistics, utilities, education, and hospitality worldwide. The utility of two-way radio equipment is also increasing in hospitals, malls, shopping complexes, residential security, and traffic management globally. Owing to distinct rules, norms, regulations, and policies of different countries, trade barriers in this market act as a restraining factor to a certain extent. North America is a quick adopter of all the latest technological advancements. Major countries in North America, such as the US, Canada, and Mexico, find effective use of two-way radio equipment across industrial hubs, logistics centers, and the transportation industry. Most of the countries in Asia Pacific are still in the developing stage and are not as developed as the countries in the west. However, with the rapidly growing aviation industry, the requirement of two-way radio equipment for security management is increasing substantially in various developing countries of Asia Pacific. In the Middle East, the hospitality sector is the major end-use industry contributing significantly to the two-way radio equipment market growth in the region.

A few two-way radio equipment market players profiled in the study are BK Technologies, Motorola Corporation, L3Harris technologies, Hytera Communications, and JVCKENWOOD Corporation.

The overall two-way radio equipment market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the size of the submarine power cable. The process also serves the purpose of obtaining an overview and forecast of the two-way radio equipment market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants typically involved in this process include industry experts, such as VPs, business development managers, market intelligence managers, national sales managers, external consultants, valuation experts, research analysts, and key opinion leaders, specializing in the two-way radio equipment market.

According to the latest research report titled “Two-Way Radio Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the two-way radio equipment market is expected to grow from US$ 7,883.32 million in 2021 and is projected to reach US$ 12,034.52 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.

A hold Delhaize, REWE Combine, Tesco PLC, IKEA Group, Inditex, LVMH Moët Hennessy-Louis Vuitton S.A., Carrefour, and Auchan Holding SA are some of the largest retail companies operating in the Europe. Two-way radio equipment offers instant communication between individuals and teams, enabling effective cooperation and communication. As per the Airports Council International (ACI) Europe, the region's aviation industry is estimated to expand by more than 53%, in terms of flight movements, during 2019–2040. Thus, the increasing count of flights is anticipated to lead to the expansion of existing airports or the construction of new ones. Therefore, the rapidly increasing movement of flights, high budget for public order and safety, and big retail stores drive the two-way radio equipment market in the region. The two-way radio equipment market is expected to perform well in developing countries due to the growing number of retail stores.

The two-way radio equipment market in Asia Pacific is further segmented into India, Japan, Australia, China, South Korea, and the Rest of Asia Pacific. With rapidly growing countries such as China and India, the Asia Pacific region has tremendous potential for two-way radio equipment market growth. Innovating technology, adequate government funding, and growing awareness regarding education are attributable factors that have ensured a smooth transition from the developing stage to the developed stage.

Further, the healthcare sector in Asia Pacific is growing at a significant pace due to the growing risk of illnesses, increasing deployment of healthcare institutions, rising disposable income among masses, and favourable government policies, thereby driving the two-way radio equipment market growth. According to the Ministry of Home Affairs (Government of India), respective authorities are working on law and order, internal security, and the adoption of modern technology for police. In February 2022, the Government of India approved the umbrella scheme of modernization of the police force with a financial outlay of US$ 3.51 billion approximately. Such a budget creates promising opportunities for new two-way radio equipment. The aviation sector is growing notably in the Asia Pacific region with increasing airports. By 2028, South Korea is planning to construct a new airport on the south-eastern coast to serve both military and civilian aircraft. Clear, effective, and reliable two-way radio communication between diverse teams across various airports is not just important but crucial, considering business continuity, operational efficiency, safety, and security.

The limitations imposed by several governments across Asia Pacific to control the spread of novel coronavirus during the initial time frame of the COVID-19 outbreak severely affected the manufacturing sector of the region. Other industries such as transportation & logistics, retail, education, and hospitality were adversely impacted due to the COVID-19 outbreak. The reduced buying power of retail businesses, such as hotel chains and retail outlets, also hindered the sales of two-way radio equipment across the region. However, as the economies reopened and industries began their operations, the requirement for efficient communication and safety created the need for two-way radio equipment, which drives the two-way radio equipment market from the demand side. Also, with ease in earlier restrictions, the two-way radio manufacturers can now work with high workforce capacity, thereby normalizing the manufacturing and reviving from the adverse impact of the COVID-19 pandemic.

Key Findings of Study:

South Africa, Saudi Arabia, and the UAE are key countries in the MEA two-way radio equipment market. Iraq, Saudi Arabia, the UAE, Iran, and Kuwait are major contributors to the region's GDP. The infrastructure development in the Gulf countries is quite significant, and the growth trend in commercial infrastructure continues to increase steadily every year. The region is witnessing major investments in commercial development such as supermarkets, specialty stores, and malls.

Over the past two to three years, government participation in the diversification of revenue opportunities in the Gulf countries increased in the wake of dipping oil prices. One of the key reasons for growth in vertical infrastructure is the development of malls, hypermarkets, and specialty stores in the major cities of the gulf countries. Still, the petrochemical industry is one of the major industries that use two-way radio equipment. Two-way radio equipment is a reliable source of communication for the petrochemical industry. Such equipment offers instant connection and transmits crucial information to the staff immediately.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Two-Way Radio Equipment Market- Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Two-Way Radio Equipment Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America – PEST Analysis

4.2.2 Europe – PEST Analysis

4.2.3 Asia Pacific – PEST Analysis

4.2.4 MEA – PEST Analysis

4.2.5 South America – PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

4.5 Premium Insights

4.5.1 USA GMRS/FRS DEVICES REVENUE ANALYSIS

4.5.2 PRIVATE/PROFESSIONAL MOBILE RADIO (PMR) REVENUE AND FORECASTS TO 2028 (US$ BN)

4.5.3 GMRS/FRS/PMR APPLICATION AND ADOPTION TREND ANALYSIS

4.5.3.1 GMRS

4.5.3.2 FRS

4.5.3.3 PMR

5. Two-Way Radio Equipment Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Adoption of Digital Two Way Radio over Analog Equipment

5.1.2 Increasing Demand for Two-Way Radio Equipment in Manufacturing Sector

5.2 Market Restraints

5.2.1 High Life Span

5.3 Market Opportunities

5.4 Future Trends

5.4.1 Increasing Procurement of Two-Way Radio Equipment by Government Agencies

5.5 Impact Analysis of Drivers and Restraints

6. Two Way Radio Equipment– Global Market Analysis

6.1 Overview

6.2 Global Two-Way Radio Equipment Market Forecast And Analysis

6.3 Market Positioning of Key Players

7. Two-Way Radio Equipment Market Analysis – by Type

7.1 Overview

7.2 Two-Way Radio Equipment Market Breakdown, by Type, 2020 and 2028

7.3 Digital

7.3.1 Overview

7.3.2 Digital: Two-Way Radio Equipment Market Revenue and Forecast to 2028 (US$ Million)

7.4 Analog

7.4.1 Overview

7.4.2 Analog: Two-Way Radio Equipment Market Revenue and Forecast to 2028 (US$ Million)

8. Two-Way Radio Equipment Market Analysis – by Signal Frequency

8.1 Overview

8.2 Two-Way Radio Equipment Market, by Signal Frequency (2020 and 2028)

8.3 Very High Frequency (VHF)

8.3.1 Overview

8.3.2 Very High Equipment (VHF): Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Ultra-High Frequency (UHF)

8.4.1 Overview

8.4.2 Ultra-High Frequency (UHF): Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9. Two-Way Radio Equipment Market Analysis – by End-Use Industry

9.1 Overview

9.2 Two-Way Radio Equipment Market, by End-Use Industry (2020 and 2028)

9.3 Government and Public Safety

9.3.1 Overview

9.3.2 Government and Public Safety: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Manufacturing

9.4.1 Overview

9.4.2 Manufacturing: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Utilities

9.5.1 Overview

9.5.2 Utilities: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Transportation and Logistics

9.6.1 Overview

9.6.2 Transportation and Logistics: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Education

9.7.1 Overview

9.7.2 Education: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.8 Hospitality

9.8.1 Overview

9.8.2 Hospitality: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

9.9 Others

9.9.1 Overview

9.9.2 Others: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10. Two-Way Radio Equipment Market – Geographic Analysis

10.1 Overview

10.2 North America: Two-Way Radio Equipment Market

10.2.1 North America: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.2.2 North America: Two-Way Radio Equipment Market, by Type

10.2.3 North America: Two-Way Radio Equipment Market, by Signal Frequency

10.2.4 North America: Two-Way Radio Equipment Market, by End-Use Industry

10.2.5 North America: Two-Way Radio Equipment Market, by Key Country

10.2.5.1 US: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.1.1 US: Two-Way Radio Equipment Market, by Type

10.2.5.1.2 US: Two-Way Radio Equipment Market, by Signal Frequency

10.2.5.1.3 US: Two-Way Radio Equipment Market, by End-Use Industry

10.2.5.2 Canada: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.2.1 Canada: Two-Way Radio Equipment Market, by Type

10.2.5.2.2 Canada: Two-Way Radio Equipment Market, by Signal Frequency

10.2.5.2.3 Canada: Two-Way Radio Equipment Market, by End-Use Industry

10.2.5.3 Mexico: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.3.1 Mexico: Two-Way Radio Equipment Market, by Type

10.2.5.3.2 Mexico: Two-Way Radio Equipment Market, by Signal Frequency

10.2.5.3.3 Mexico: Two-Way Radio Equipment Market, by End-Use Industry

10.3 Europe: Two-Way Radio Equipment Market

10.3.1 Europe: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.3.2 Europe: Two-Way Radio Equipment Market, by Type

10.3.3 Europe: Two-Way Radio Equipment Market, by Signal Frequency

10.3.4 Europe: Two-Way Radio Equipment Market, by End-Use Industry

10.3.5 Europe: Two-Way Radio Equipment Market, by Key Country

10.3.5.1 France: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.1.1 France: Two-Way Radio Equipment Market, by Type

10.3.5.1.2 France: Two-Way Radio Equipment Market, by Signal Frequency

10.3.5.1.3 France: Two-Way Radio Equipment Market, by End-Use Industry

10.3.5.2 Germany: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.2.1 Germany: Two-Way Radio Equipment Market, by Type

10.3.5.2.2 Germany: Two-Way Radio Equipment Market, by Signal Frequency

10.3.5.2.3 Germany: Two-Way Radio Equipment Market, by End-Use Industry

10.3.5.3 Italy: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.3.1 Italy: Two-Way Radio Equipment Market, by Type

10.3.5.3.2 Italy: Two-Way Radio Equipment Market, by Signal Frequency

10.3.5.3.3 Italy: Two-Way Radio Equipment Market, by End-Use Industry

10.3.5.4 UK: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.4.1 UK: Two-Way Radio Equipment Market, by Type

10.3.5.4.2 UK: Two-Way Radio Equipment Market, by Signal Frequency

10.3.5.4.3 UK: Two-Way Radio Equipment Market, by End-Use Industry

10.3.5.5 Russia: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.5.1 Russia: Two-Way Radio Equipment Market, by Type

10.3.5.5.2 Russia: Two-Way Radio Equipment Market, by Signal Frequency

10.3.5.5.3 Russia: Two-Way Radio Equipment Market, by End-Use Industry

10.3.5.6 Rest of Europe: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.6.1 Rest of Europe: Two-Way Radio Equipment Market, by Type

10.3.5.6.2 Rest of Europe: Two-Way Radio Equipment Market, by Signal Frequency

10.3.5.6.3 Rest of Europe: Two-Way Radio Equipment Market, by End-Use Industry

10.4 APAC: Two-Way Radio Equipment Market

10.4.1 APAC: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.4.2 APAC: Two-Way Radio Equipment Market, by Type

10.4.3 APAC: Two-Way Radio Equipment Market, by Signal Frequency

10.4.4 APAC: Two-Way Radio Equipment Market, by End-Use Industry

10.4.5 APAC: Two-Way Radio Equipment Market, by Key Country

10.4.5.1 Australia: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.1.1 Australia: Two-Way Radio Equipment Market, by Type

10.4.5.1.2 Australia: Two-Way Radio Equipment Market, by Signal Frequency

10.4.5.1.3 Australia: Two-Way Radio Equipment Market, by End-Use Industry

10.4.5.2 China: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.2.1 China: Two-Way Radio Equipment Market, by Type

10.4.5.2.2 China: Two-Way Radio Equipment Market, by Signal Frequency

10.4.5.2.3 China: Two-Way Radio Equipment Market, by End-Use Industry

10.4.5.3 India: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.3.1 India: Two-Way Radio Equipment Market, by Type

10.4.5.3.2 India: Two-Way Radio Equipment Market, by Signal Frequency

10.4.5.3.3 India: Two-Way Radio Equipment Market, by End-Use Industry

10.4.5.4 Japan: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.4.1 Japan: Two-Way Radio Equipment Market, by Type

10.4.5.4.2 Japan: Two-Way Radio Equipment Market, by Signal Frequency

10.4.5.4.3 Japan: Two-Way Radio Equipment Market, by End-Use Industry

10.4.5.5 South Korea: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.5.1 South Korea: Two-Way Radio Equipment Market, by Type

10.4.5.5.2 South Korea: Two-Way Radio Equipment Market, by Signal Frequency

10.4.5.5.3 South Korea: Two-Way Radio Equipment Market, by End-Use Industry

10.4.5.6 Rest of APAC: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.6.1 Rest of APAC: Two-Way Radio Equipment Market, by Type

10.4.5.6.2 Rest of APAC: Two-Way Radio Equipment Market, by Signal Frequency

10.4.5.6.3 Rest of APAC: Two-Way Radio Equipment Market, by End-Use Industry

10.5 MEA: Two-Way Radio Equipment Market

10.5.1 MEA: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.5.2 MEA: Two-Way Radio Equipment Market, by Type

10.5.3 MEA: Two-Way Radio Equipment Market, by Signal Frequency

10.5.4 MEA: Two-Way Radio Equipment Market, by End-Use Industry

10.5.5 MEA: Two-Way Radio Equipment Market, by Key Country

10.5.5.1 South Africa: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.1.1 South Africa: Two-Way Radio Equipment Market, by Type

10.5.5.1.2 South Africa: Two-Way Radio Equipment Market, by Signal Frequency

10.5.5.1.3 South Africa: Two-Way Radio Equipment Market, by End-Use Industry

10.5.5.2 Saudi Arabia: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.2.1 Saudi Arabia: Two-Way Radio Equipment Market, by Type

10.5.5.2.2 Saudi Arabia: Two-Way Radio Equipment Market, by Signal Frequency

10.5.5.2.3 Saudi Arabia: Two-Way Radio Equipment Market, by End-Use Industry

10.5.5.3 UAE: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.3.1 UAE: Two-Way Radio Equipment Market, by Type

10.5.5.3.2 UAE: Two-Way Radio Equipment Market, by Signal Frequency

10.5.5.3.3 UAE: Two-Way Radio Equipment Market, by End-Use Industry

10.5.5.4 Rest of MEA: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.4.1 Rest of MEA: Two-Way Radio Equipment Market, by Type

10.5.5.4.2 Rest of MEA: Two-Way Radio Equipment Market, by Signal Frequency

10.5.5.4.3 Rest of MEA: Two-Way Radio Equipment Market, by End-Use Industry

10.6 SAM: Two-Way Radio Equipment Market

10.6.1 SAM: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.6.2 SAM: Two-Way Radio Equipment Market, by Type

10.6.3 SAM: Two-Way Radio Equipment Market, by Signal Frequency

10.6.4 SAM: Two-Way Radio Equipment Market, by End-Use Industry

10.6.5 SAM: Two-Way Radio Equipment Market, by Key Country

10.6.5.1 Brazil: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.1.1 Brazil: Two-Way Radio Equipment Market, by Type

10.6.5.1.2 Brazil: Two-Way Radio Equipment Market, by Signal Frequency

10.6.5.1.3 Brazil: Two-Way Radio Equipment Market, by End-Use Industry

10.6.5.2 Argentina: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.2.1 Argentina: Two-Way Radio Equipment Market, by Type

10.6.5.2.2 Argentina: Two-Way Radio Equipment Market, by Signal Frequency

10.6.5.2.3 Argentina: Two-Way Radio Equipment Market, by End-Use Industry

10.6.5.3 Rest of SAM: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.3.1 Rest of SAM: Two-Way Radio Equipment Market, by Type

10.6.5.3.2 Rest of SAM: Two-Way Radio Equipment Market, by Signal Frequency

10.6.5.3.3 Rest of SAM: Two-Way Radio Equipment Market, by End-Use Industry

11. Two-Way Radio Equipment Market – COVID-19 Impact Analysis

11.1 Overview

11.2 North America: Impact Assessment of COVID-19 Pandemic

11.3 Europe: Impact Assessment of COVID-19 Pandemic

11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

11.6 South America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

13. Company Profiles

13.1 BK Technologies Inc.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Hytera Communications Corporation Ltd

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Icom America Inc.

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Midland Radio Corporation

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Motorola Solutions Inc.

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Tait Communications

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Wintec Co., Ltd

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Uniden America Corporation

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 JVCKENWOOD Corporation

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Ritron Inc

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary

LIST OF TABLES.

Table 1. USA GMRS/FRS DEVICES REVENUE AND FORECASTS ANALYSIS TO 2028 (US$ Million)

Table 2. PRIVATE/PROFESSIONAL MOBILE RADIO (PMR) REVENUE AND FORECASTS TO 2028 (US$ Billion)

Table 3. Global Two-Way Radio Equipment Market Revenue and Forecasts to 2028 (US$ Mn)

Table 4. North America: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 6. North America: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 7. US: Two-Way Radio Equipment Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 8. US: Two-Way Radio Equipment Market, by Signal Frequency –Revenue and Forecast to 2028 (US$ Million)

Table 9. US: Two-Way Radio Equipment Market, by End-Use Industry –Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 12. Canada: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 13. Mexico: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 14. Mexico: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 15. Mexico: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 16. Europe: Two-Way Radio Equipment Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 17. Europe: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 18. Europe: Two-Way Radio Equipment Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 19. France: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 20. France: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 21. France: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast t2o 2028 (US$ Million)

Table 22. Germany: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 23. Germany: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 24. Germany: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 25. Italy: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 26. Italy: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 27. Italy: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 28. UK: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 29. UK: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 30. UK: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 31. Russia: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 32. Russia: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 33. Russia: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 34. Rest of Europe: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 35. Rest of Europe: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 36. Rest of Europe: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 37. APAC: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 38. APAC: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 39. APAC: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 40. Australia: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 41. Australia: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 42. Australia: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 43. China: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 44. China: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 45. China: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 46. India: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 47. India: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 48. India: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 49. Japan: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 50. Japan: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 51. Japan: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 52. South Korea: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 53. South Korea: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 54. South Korea: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 55. Rest of APAC: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 56. Rest of APAC: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 57. Rest of APAC: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 58. MEA: Two-Way Radio Equipment Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 59. MEA: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 60. MEA: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 61. South Africa: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 62. South Africa: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 63. South Africa: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 64. Saudi Arabia: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 65. Saudi Arabia: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 66. Said Arabia: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 67. UAE: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 68. UAE: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 69. UAE: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 70. Rest of MEA: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 71. Rest of MEA: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 72. Rest of MEA: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 73. SAM: Two-Way Radio Equipment Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 74. SAM: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 75. SAM: Two-Way Radio Equipment Market, by End-Use Industry– Revenue and Forecast to 2028 (US$ Million)

Table 76. Brazil: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 77. Brazil: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 78. Brazil: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 79. Argentina: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 80. Argentina: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 81. Argentina: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 82. Rest of SAM: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 83. Rest of SAM: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)

Table 84. Rest of SAM: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)

Table 85. Glossary of Terms, Two-Way Radio Equipment Market

LIST OF FIGURES.

Figure 1. Two-Way Radio Equipment Market Segmentation

Figure 2. Two-Way Radio Equipment Market Segmentation – By Region

Figure 3. Two-Way Radio Equipment Market Overview

Figure 4. Analog Held the Highest Share in Global Two-Way Radio Equipment Market in 2020

Figure 5. Very High Frequency (VHF) Held the Highest Share in Global Two-Way Radio Equipment Market in 2020

Figure 6. Government & Public Safety Held the Highest Share in Global Two-Way Radio Equipment Market in 2020

Figure 7. Two-Way Radio Equipment Market, by Geography

Figure 8. North America – PEST Analysis

Figure 9. Europe – PEST Analysis

Figure 10. Asia Pacific – PEST Analysis

Figure 11. MEA – PEST Analysis

Figure 12. South America – PEST Analysis

Figure 13. Expert Opinion

Figure 14. Global Two-Way Radio Equipment Market: Impact Analysis of Drivers and Restraints

Figure 15. Global Two-Way Radio Equipment Market

Figure 16. Global Two-Way Radio Equipment Market Forecast and Analysis, (US$ Mn)

Figure 17. Two-Way Radio Equipment Market Revenue Share, by Type (2020 and 2028)

Figure 18. Digital: Two-Way Radio Equipment Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. Analog: Two-Way Radio Equipment Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. Two-Way Radio Equipment Market Revenue Share, by Signal Frequency (2020 and 2028)

Figure 21. Very High Equipment (VHF): Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Ultra-High Frequency (UHF): Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Two-Way Radio Equipment Market Revenue Share, by End-Use Industry (2020 and 2028)

Figure 24. Government and Public Safety: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Manufacturing: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Utilities: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Transportation and Logistics: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Education: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Hospitality: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Others: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Global Two-Way Radio Equipment Market Revenue Share, by Region (2020 and 2028)

Figure 32. North America: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. North America: Two-Way Radio Equipment Market Revenue Share, by Type (2020 and 2028)

Figure 34. North America: Two-Way Radio Equipment Market Revenue Share, by Signal Frequency (2020 and 2028)

Figure 35. North America: Two-Way Radio Equipment Market Revenue Share, by End-Use Industry (2020 and 2028)

Figure 36. North America: Two-Way Radio Equipment Market Revenue Share, by Key Country (2020 and 2028)

Figure 37. US: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Canada: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. Mexico: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40. Europe: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41. Europe: Two-Way Radio Equipment Market Revenue Share, by Type (2020 and 2028)

Figure 42. Europe: Two-Way Radio Equipment Market Revenue Share, by Signal Frequency (2020 and 2028)

Figure 43. Europe: Two-Way Radio Equipment Market Revenue Share, by End-Use Industry (2020 and 2028)

Figure 44. Europe: Two-Way Radio Equipment Market Revenue Share, by Key Country (2020 and 2028)

Figure 45. France: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 46. Germany: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 47. Italy: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 48. UK: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49. Russia: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50. Rest of Europe: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51. APAC: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52. APAC: Two-Way Radio Equipment Market Revenue Share, by Type (2020 and 2028)

Figure 53. APAC: Two-Way Radio Equipment Market Revenue Share, by Signal Frequency (2020 and 2028)

Figure 54. APAC: Two-Way Radio Equipment Market Revenue Share, by End-Use Industry (2020 and 2028)

Figure 55. APAC: Two-Way Radio Equipment Market Revenue Share, by Key Country (2020 and 2028)

Figure 56. Australia: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. China: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58. India: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. Japan: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60. South Korea: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61. Rest of APAC: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 62. MEA: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 63. MEA: Two-Way Radio Equipment Market Revenue Share, by Type (2020 and 2028)

Figure 64. MEA: Two-Way Radio Equipment Market Revenue Share, by Signal Frequency (2020 and 2028)

Figure 65. MEA: Two-Way Radio Equipment Market Revenue Share, by End-Use Industry (2020 and 2028)

Figure 66. MEA: Two-Way Radio Equipment Market Revenue Share, by Key Country (2020 and 2028)

Figure 67. South Africa: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 68. Saudi Arabia: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 69. UAE: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 70. Rest of MEA: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 71. SAM: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 72. SAM: Two-Way Radio Equipment Market Revenue Share, by Type (2020 and 2028)

Figure 73. SAM: Two-Way Radio Equipment Market Revenue Share, by Signal Frequency (2020 and 2028)

Figure 74. SAM: Two-Way Radio Equipment Market Revenue Share, by End-Use Industry (2020 and 2028)

Figure 75. SAM: Two-Way Radio Equipment Market Revenue Share, by Key Country (2020 and 2028)

Figure 76. Brazil: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 77. Argentina: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 78. Rest of SAM: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)

Figure 79. Impact of COVID-19 Pandemic in North America Country Markets

Figure 80. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 81. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets

Figure 82. Impact of COVID-19 Pandemic in Middle East and Africa Countries

Figure 83. Impact of COVID-19 Pandemic in South America Countries

The List of Companies - Two Way Radio Equipment Market

1. BK Technologies Inc

2. Bearcom Group Inc.

3. Hytera Communications Corporation Ltd

4. Icom America Inc.

5. Midland Radio Corporation

6. Motorola Solutions Inc.

7. Tait Communications

8. Wintec Co., Ltd

9. Uniden America Corporation

10. JVCKENWOOD Corporation

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global two-way radio equipment market

• Highlights key business priorities to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the global two-way radio equipment market, thereby allowing players across the value chain to develop effective long-term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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