Market Overview:
The global trunked radio system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for public safety and security applications, and the growing need for efficient communication systems in various industries. Based on type, the global trunked radio system market is segmented into terminal products and system products. The terminal product segment is further classified into portable terminals and mobile terminals. The mobile terminal segment is expected to grow at a higher CAGR during the forecast period owing to its growing demand from government & public security applications across different regions. Based on application, the global trunked radio system market is divided into government & public security, public utility, transportation, commercial & industrial, and others (including mining & construction). Among these segments, government & public security held a major share of the global trunked radio system market in 2017 and this trend is projected to continue during the forecast period as well).
Product Definition:
A trunked radio system is a specialized type of two-way radio system that uses special control channels to assign individual radios to specific talkgroups. This allows many users to share a small number of frequencies without experiencing interference. Trunked systems are typically used by large organizations such as police departments, fire departments, and public utilities because they can handle a large number of users without causing interference.
Terminal Product:
terminal product is a device or an equipment which is used in the end-use industry to perform a specific function. In this case, it's used in the radio communication industry for trunked radio system. It helps to improve the quality of service and provides more flexibility when compared with conventional systems.
The global market for terminal product, also known as TETRA card or TETRA equipment, consists of two major segments: manufacturers and users.
System Product:
System product is a defined as the combination of hardware and software used in a radio system. It includes all the components such as transmitters, receivers, transceivers, modems that are necessary to establish an effective communication between two or more stations. The System Product also provides encryption capabilities to protect sensitive information during transmission.
Application Insights:
The government & public security segment dominated the global trunked radio system market in 2017. The increasing use of these systems by police departments and other law enforcement agencies to improve communication is expected to be a key factor driving the segment growth over the forecast period. Furthermore, governments are focusing on providing better communication facilities to their armed forces, which is further anticipated to propel demand for TETRA-approved products from 2018 to 2030.
Public utility is expected register notable growth over the forecast period owing to an increase in demand from oil and gas companies for instance pipeline operators for tracking vehicles and personnel during logistics operations as well as maintenance activities. Furthermore, railways companies are also making use of these systems while operating trains due to its enhanced communications capability between train crew members thereby propelling industry growth over the coming years.
Increasing industrialization has led many manufacturers towards establishing manufacturing facilities in emerging economies such as China.
Regional Analysis:
Europe dominated the global trunked radio system market in terms of revenue share in 2016. The regional market is expected to grow at a CAGR of XX% from 2017 to 2030. This growth can be attributed to the increasing investments by governments for improving public safety and security, especially after several terror attacks across Europe. For instance, Vodafone Group announced its plan to provide a free public safety network across all its European properties including Hotel chain Radisson, Novotel and Park Inn by Radisson under an agreement with the local government authorities.
Asia Pacific is expected witness significant growth during the forecast period owing to increasing deployment of TETRA equipment by various government agencies such as police departments and sheriff offices for improved communication infrastructure throughout rural areas within China & India as well as other developing countries such South East Asian nations (Vietnam).
Growth Factors:
- Increasing demand for trunked radio system from the transportation and logistics sector
- Growing demand for trunked radio system from the public safety sector
- Rising number of emergency incidents requiring communication between multiple agencies
- Proliferation of smart city initiatives that promote the use of trunked radio systems
- Growing popularity of private LTE networks as an alternative to traditional trunked radio systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Trunked Radio System Market Research Report
By Type
Terminal Product, System Product
By Application
Government & Public Security, Public Utility
By Companies
Sepura, MOTO, Hytera, Airbus DS, Thales, Selex ES S.p.A
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Trunked Radio System Market Report Segments:
The global Trunked Radio System market is segmented on the basis of:
Types
Terminal Product, System Product
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
Government & Public Security, Public Utility
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:
- Sepura
- MOTO
- Hytera
- Airbus DS
- Thales
- Selex ES S.p.A
Highlights of The Trunked Radio System 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:
- Terminal Product
- System Product
- By Application:
- Government & Public Security
- Public Utility
- 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 Trunked Radio System 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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- Correctly Positioning New Products
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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?
A trunked radio system is a type of radio communication system in which multiple radios are linked together to form a network. This allows the radios to share information, and also allows the network to be divided into smaller segments so that it can be more easily managed.
Some of the key players operating in the trunked radio system market are Sepura, MOTO, Hytera, Airbus DS, Thales, Selex ES S.p.A.
The trunked radio system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Trunked Radio System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Trunked Radio System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Trunked Radio System Market - Supply Chain
4.5. Global Trunked Radio System Market Forecast
4.5.1. Trunked Radio System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Trunked Radio System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Trunked Radio System Market Absolute $ Opportunity
5. Global Trunked Radio System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Trunked Radio System Market Size and Volume Forecast by Type
5.3.1. Terminal Product
5.3.2. System Product
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Trunked Radio System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Trunked Radio System Market Size and Volume Forecast by Application
6.3.1. Government & Public Security
6.3.2. Public Utility
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Trunked Radio System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Trunked Radio System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Trunked Radio System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Trunked Radio System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Trunked Radio System Demand Share Forecast, 2019-2026
9. North America Trunked Radio System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Trunked Radio System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Trunked Radio System Market Size and Volume Forecast by Application
9.4.1. Government & Public Security
9.4.2. Public Utility
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Trunked Radio System Market Size and Volume Forecast by Type
9.7.1. Terminal Product
9.7.2. System Product
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Trunked Radio System Demand Share Forecast, 2019-2026
10. Latin America Trunked Radio System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Trunked Radio System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Trunked Radio System Market Size and Volume Forecast by Application
10.4.1. Government & Public Security
10.4.2. Public Utility
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Trunked Radio System Market Size and Volume Forecast by Type
10.7.1. Terminal Product
10.7.2. System Product
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Trunked Radio System Demand Share Forecast, 2019-2026
11. Europe Trunked Radio System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Trunked Radio System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Trunked Radio System Market Size and Volume Forecast by Application
11.4.1. Government & Public Security
11.4.2. Public Utility
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Trunked Radio System Market Size and Volume Forecast by Type
11.7.1. Terminal Product
11.7.2. System Product
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by ype
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Trunked Radio System Demand Share, 2019-2026
12. Asia Pacific Trunked Radio System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Trunked Radio System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Trunked Radio System Market Size and Volume Forecast by Application
12.4.1. Government & Public Security
12.4.2. Public Utility
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Trunked Radio System Market Size and Volume Forecast by Type
12.7.1. Terminal Product
12.7.2. System Product
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Trunked Radio System Demand Share, 2019-2026
13. Middle East & Africa Trunked Radio System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Trunked Radio System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Trunked Radio System Market Size and Volume Forecast by Application
13.4.1. Government & Public Security
13.4.2. Public Utility
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Trunked Radio System Market Size and Volume Forecast by Type
13.7.1. Terminal Product
13.7.2. System Product
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Trunked Radio System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Trunked Radio System Market: Market Share Analysis
14.2. Trunked Radio System Distributors and Customers
14.3. Trunked Radio System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sepura
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MOTO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hytera
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Airbus DS
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Thales
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Selex ES S.p.A
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook