Walkie Talkie Market - By Type (Analog, Digital), By Distribution Channel (Offline Channel, Online Channel), By End User (Residential, Commercial/Industrial) & Forecast, 2024 - 2032

Walkie Talkie Market Size

Walkie Talkie Market was valued at over USD 3.5 billion in 2023 and is anticipated to register over USD 8.3 billion in 2032 at a CAGR of over 9% between 2024 & 2032. The rising trend toward smaller and portable communication devices matches the needs of various industries and consumer segments. As workplaces become more dynamic and faster, there is a growing demand for compact and lightweight walkie talkies that can be easily handled by users.
 

For instance, in May 2023, Icom released a new walkie-talkie, IC-F200. It is a small, portable, splash-proof & dust-proof device with a screen display and USB charging function, giving users a more convenient experience.
 

The introduction of new features and technological advancements in walkie-talkie design, such as the inclusion of screen visuals and USB charging functions, showcases ongoing innovation in the industry. These features & and advancements also help the defense sector in maintaining proper communication. Manufacturers continuously strive to differentiate their products by incorporating new technologies and features that offer tangible benefits to users. For instance, in December 2023, Turkey launched a small, light, multi-frequency & multi-function tactical walkie talkie, EHKET. The new product utilizes wide bandwidth waveform characteristics to transmit the required high-resolution images and videos on modern battlefields even in areas without a direct line of sight.
 

Walkie-talkies are bound by various regulations, requirements & standards, particularly in sectors such as public safety, defense, and telecommunications. Compliance with these regulations becomes more complex as well as costly, necessitating manufacturers to navigate a stringent regulatory landscape to ensure that their products meet legal requirements in different regions and markets.
 

Walkie Talkie Market Trends

With the proliferation of high-speed networks, such as LTE, private LTE/CBRS, and Wi-Fi, walkie talkie technologies are being increasingly utilized for mission-critical communication in enterprise environments. In sectors including utilities, transportation, and public safety compliance with regulatory requirements for communication systems is essential. For instance, in January 2021, Motorola Solutions launched the MOTOTRBO Ion, a smart radio that combines DMR narrowband voice capability with broadband capabilities across carrier LTE, private LTE/CBRS, and Wi-Fi into a rugged package designed to work in enterprise environments.
 

Technological advancements in radio communications including digital voice encryption, protocols, and spectrum-efficient modulation schemes ensure the development of interoperable communication solutions that offer robust performance, security & reliability. For instance, in September 2022, Tait Communications introduced its lightweight multiband P25 Portable Radio, TP9600/TP9800. The rugged portable device shares the features and form factor of the flagship TP9800 P25 portable with the addition of multi-band capability for communication across multiple wireless networks and frequency bands.
 

Walkie Talkie Market Analysis

Based on type, the market is segmented into analog and digital. In 2023, the digital segment dominated the market with a share of over 60%.
 

• The growing adoption of digital walkie-talkies in various sectors and applications is driven by the need for reliable, efficient, and secure communication solutions. As digital technology continues to evolve and offer new features & capabilities, the demand for digital walkie-talkies is expected to further increase in the coming years. For instance, in October 2020, Relay, the cellular walkie-talkie replacement from Republic Wireless, launched Relay+, its next-generation enterprise model developed to offer the modern frontline, deskless workforce a simple and powerful communication solution. It features improved audio with dual noise-canceling digital microphones, dual speaker output, and a 2X louder speaker for better hearing.

Based on end user, the market is divided into residential and commercial/industrial. The commercial/industrial segment is the fastest growing and is anticipated to expand at a CAGR of over 9.5% between 2024 & 2032.
 

• Commercial walkie-talkies are gaining traction owing to their effectiveness in facilitating communication, enhancing safety measures, improving operational efficiency, and providing cost-effective solutions across various industries. As businesses continue to recognize the value of reliable & instant communication in their operations, the demand for commercial walkie-talkies is expected to grow further. For instance, in April 2023, Hytera Communications Corporation Limited launched G36, a new generation of commercial walkie-talkies. It focuses on clear & stable call effects and helps personnel in various industries, such as catering, supermarkets & warehousing, to improve work efficiency with instant and accurate voice transmission without any hindrance.

Asia Pacific dominated the walkie talkie market and is expected to maintain a robust CAGR of over 10.5% from 2024 to 2032. The region's rapid economic growth coupled with the expansion of industries including construction, manufacturing, hospitality, and security, has been a significant factor boosting the demand for walkie-talkies. The increasing adoption of walkie-talkies for outdoor recreational activities, such as hiking, camping, and adventure sports, further contributes to market growth in Asia Pacific.
 

Walkie Talkie Market Share

Motorola Solutions, Inc., and Hytera Communications Corporation Limited hold a significant share of over 10%. Motorola Solutions, Inc. is a global leader in the walkie-talkie market, renowned for its innovative communication solutions tailored for public safety, enterprise, and commercial applications. With a rich history dating back to the invention of the first handheld mobile phone, Motorola has established itself as a trusted provider of mission-critical communication technologies, including two-way radios, walkie-talkies, and push-to-talk (PTT) solutions.
 

Hytera Communications Corporation Limited is a leading global provider of professional mobile radio (PMR) communications solutions, including walkie-talkies, two-way radios, and related accessories. Founded in 1993 and headquartered in Shenzhen, China, Hytera has established itself as a key player in the walkie-talkie market, serving a diverse range of industries and sectors worldwide.
 

Walkie Talkie Market Companies

Major players operating in the market are:

• Neato Robotics, Inc Motorola Solutions, Inc.
• Hytera Communications Corporation Limited
• Kenwood Corporation
• Tait Communications
• ICOM INC.
• ENTEL GROUP
• KIRISUN COMMUNICATION CO., LTD
   

Walkie Talkie Industry News

• In April 2023, Kirisun Communication Solutions launched the UP405S, the company’s latest commercial digital series walkie-talkie. Kirisun UP405s adopts intelligent AI noise reduction algorithm to accurately extract human voice, and the voice is still clear and smooth in noisy environments.
   
• In January 2021, Vodafone launched Push-to-Talk Plus, a next-generation walkie-talkie-like service designed for use by dispersed employees. It is designed for construction sites, ports, airports, stadiums, malls, and hotels as well as for all businesses involved in the organization and operation of mega-events, such as the 2022 FIFA World Cup, where groups need to work together and respond in real time.
   

The walkie talkie market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Type

• Analog
• Digital

Market, By Distribution Channel

• Offline channel
• Online channel

Market, By End User

• Residential
• Commercial/Industrial

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA