Home > Semiconductors & Electronics > Electronics > Walkie Talkie Market

Walkie Talkie Market Trends

Report ID: GMI8740
Published Date: Mar 2024
Report Format: PDF

Download Free Sample

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.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for walkie talkie was valued at over USD 3.5 billion in 2023 and is anticipated to surpass USD 8.3 billion by 2032, driven by the rising trend toward smaller and portable communication devices.

Digital walkie talkie market segment accounted for a revenue share of over 60% in 2023 and is set to gain traction by 2032, driven by the need for reliable, efficient, and secure communication solutions.

Asia Pacific market held a decent revenue share in 2023 and is expected to maintain a robust CAGR of over 10.5% from 2024 to 2032, driven by rapid economic growth, coupled with the expansion of industries including construction, manufacturing, hospitality, and security.

Neato Robotics, Inc Motorola Solutions, Inc., Hytera Communications Corporation Limited, Kenwood Corporation, Tait Communications, ICOM INC., ENTEL GROUP, KIRISUN COMMUNICATION CO., LTD. are some of the major industry contenders.