Market Overview:
The global two-way radios & PMRs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for two-way radios & PMRs from commercial and public safety applications. Additionally, the growing demand for digital two-way radios is also contributing to the growth of this market. However, factors such as high replacement costs and lack of standardization are restraining the growth of this market. On the basis of type, the global two-way radios & PMRs market can be segmented into analog and digital types. The digital type segment is expected to grow at a higher CAGR than the analog type segment during the forecast period from 2018 to 2030 owing to its advantages such as enhanced security, better voice quality, and longer battery life as compared with analog types. On the basis of application, commercial use held majority share in 2017 and it is projected that it will continue its dominance throughout 2030 owing increased adoption by small businesses for communication needs such as coordination between employees working in different locations or contact with customers/clients located remotely etcetera .Public safety use held second largest share in 2017andis projected that it will grow at highest CAGR over next 10 years due rising concerns over security issues across globe .
Product Definition:
A two-way radio is a hand-held device that allows users to transmit and receive voice communications. They are often used by emergency responders, businesses, and other professionals who need to stay in touch while mobile.
Two-way radios have many advantages over cell phones. First, they offer much better range; second, they are less expensive per minute to use; and third, they are not subject to dead zones or dropped calls.
Analog:
Analog two-way radio is a type of mobile radio communication system which uses a variable amount of bandwidth to send audio signals. The term analog as used in this context does not mean the same as digital or precise target detection (TDD) analog systems. Analog refers to the way the signal is generated and represented, i.e., continuously varying parameter values are used to represent continuous variations in electrical quantities and vice versa; also known as variable-automatic control (VAC).
Digital:
Digital is a set of codes, which are used to represent information by using numbers. Digital codes are used in two-way radios and personal mobile radio (PMR) market for representing different types of information such as audio signals, voice calls, data files, etc. There are many advantages associated with the digital system such as it can be easily compressed for saving space or transmitted over short distances; it provides error detection capabilities through Cyclic Redundancy Check (CRC).
Application Insights:
The public safety use segment dominated the global two-way radios & PMRs market in 2017. This is attributed to the growing need for effective communication between emergency services and government agencies. Furthermore, a rise in natural disasters such as earthquakes, volcano eruptions and terrorist attacks has increased the demand for two-way radios & PMRs among public safety agencies. The commercial use segment is expected to witness significant growth over the forecast period owing to an increase in business activities across industries such as oil & gas, utilities, transportation and manufacturing sectors.
For instance; taxi companies are making extensive use of digital technology owing to its enhanced features including tracking devices that help them maintain their fleet¢â‚¬â„¢s performance throughout the day by informing them of locations where they were deployed at a specific time along with other useful information regarding their operations which benefits both drivers.
Regional Analysis:
North America dominated the global two-way radios & PMRs market in 2016 with more than 35.0% share of the overall revenue. The U.S., which is a major contributor to the regional market, has been witnessing an increasing demand for public safety communication systems owing to growing crime rates and emergency response requirements across various sectors such as fire department, police department, ambulance service providers, etc. Moreover, technological advancements coupled with high disposable income levels are also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rapid urbanization and industrialization that have resulted in increased manufacturing activities across countries such as China.
Growth Factors:
- Increasing demand for two-way radios in the industrial and commercial sectors
- Growing popularity of PMRs among individual users
- Proliferation of digital technologies in two-way radios
- Rising demand for ruggedized two-way radios
- Growing applications of two-way radios in public safety and security
Scope Of The Report
Report Attributes
Report Details
Report Title
Two-Way Radios & PMRs Market Research Report
By Type
Analog, Digital
By Application
Commercial Use, Public Safety Use, Others
By Companies
Motorola, KENWOOD, Icom, Hytera, Tait, Sepura, Yaesu, Neolink, Vertex Standard, Quansheng, Uniden, Midland, Simoco, Entel, BFDX, Kirisun, Lisheng, Abell, Weierwei, HQT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Two-Way Radios & PMRs Market Report Segments:
The global Two-Way Radios & PMRs market is segmented on the basis of:
Types
Analog, Digital
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Use, Public Safety Use, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Motorola
- KENWOOD
- Icom
- Hytera
- Tait
- Sepura
- Yaesu
- Neolink
- Vertex Standard
- Quansheng
- Uniden
- Midland
- Simoco
- Entel
- BFDX
- Kirisun
- Lisheng
- Abell
- Weierwei
- HQT
Highlights of The Two-Way Radios & PMRs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Analog
- Digital
- By Application:
- Commercial Use
- Public Safety Use
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Two-Way Radios & PMRs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Two-way radios are a type of radio that can be used to communicate with other people. They are also known as PMRs, which stands for personal mobile radios.
Some of the major companies in the two-way radios & pmrs market are Motorola, KENWOOD, Icom, Hytera, Tait, Sepura, Yaesu, Neolink, Vertex Standard, Quansheng, Uniden, Midland, Simoco, Entel, BFDX, Kirisun, Lisheng, Abell, Weierwei, HQT.
The two-way radios & pmrs market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Two-Way Radios & PMRs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Two-Way Radios & PMRs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Two-Way Radios & PMRs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Two-Way Radios & PMRs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Two-Way Radios & PMRs Market Size & Forecast, 2018-2028
4.5.1 Two-Way Radios & PMRs Market Size and Y-o-Y Growth
4.5.2 Two-Way Radios & PMRs Market Absolute $ Opportunity
Chapter 5 Global Two-Way Radios & PMRs Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Two-Way Radios & PMRs Market Size Forecast by Type
5.2.1 Analog
5.2.2 Digital
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Two-Way Radios & PMRs Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Two-Way Radios & PMRs Market Size Forecast by Applications
6.2.1 Commercial Use
6.2.2 Public Safety Use
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Two-Way Radios & PMRs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Two-Way Radios & PMRs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Two-Way Radios & PMRs Analysis and Forecast
9.1 Introduction
9.2 North America Two-Way Radios & PMRs Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Two-Way Radios & PMRs Market Size Forecast by Type
9.6.1 Analog
9.6.2 Digital
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Two-Way Radios & PMRs Market Size Forecast by Applications
9.10.1 Commercial Use
9.10.2 Public Safety Use
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Two-Way Radios & PMRs Analysis and Forecast
10.1 Introduction
10.2 Europe Two-Way Radios & PMRs Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Two-Way Radios & PMRs Market Size Forecast by Type
10.6.1 Analog
10.6.2 Digital
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Two-Way Radios & PMRs Market Size Forecast by Applications
10.10.1 Commercial Use
10.10.2 Public Safety Use
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Two-Way Radios & PMRs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Two-Way Radios & PMRs Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Two-Way Radios & PMRs Market Size Forecast by Type
11.6.1 Analog
11.6.2 Digital
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Two-Way Radios & PMRs Market Size Forecast by Applications
11.10.1 Commercial Use
11.10.2 Public Safety Use
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Two-Way Radios & PMRs Analysis and Forecast
12.1 Introduction
12.2 Latin America Two-Way Radios & PMRs Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Two-Way Radios & PMRs Market Size Forecast by Type
12.6.1 Analog
12.6.2 Digital
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Two-Way Radios & PMRs Market Size Forecast by Applications
12.10.1 Commercial Use
12.10.2 Public Safety Use
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Two-Way Radios & PMRs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Two-Way Radios & PMRs Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Two-Way Radios & PMRs Market Size Forecast by Type
13.6.1 Analog
13.6.2 Digital
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Two-Way Radios & PMRs Market Size Forecast by Applications
13.10.1 Commercial Use
13.10.2 Public Safety Use
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Two-Way Radios & PMRs Market: Competitive Dashboard
14.2 Global Two-Way Radios & PMRs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Motorola
14.3.2 KENWOOD
14.3.3 Icom
14.3.4 Hytera
14.3.5 Tait
14.3.6 Sepura
14.3.7 Yaesu
14.3.8 Neolink
14.3.9 Vertex Standard
14.3.10 Quansheng
14.3.11 Uniden
14.3.12 Midland
14.3.13 Simoco
14.3.14 Entel
14.3.15 BFDX
14.3.16 Kirisun
14.3.17 Lisheng
14.3.18 Abell
14.3.19 Weierwei
14.3.20 HQT
