LONDON--(BUSINESS WIRE)--Technavio has been monitoring the walkie talkie market and it is poised to grow by USD 2.10 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- Based on segmentation by product, which is the leading segment in the market?
- The digital segment is expected to be the leading segment in the global market during the forecast period.
- What are the major trends in the market?
- Use of LTE in walkie talkies is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 7%, the incremental growth of the market is anticipated to be USD 2.10 billion.
- Who are the top players in the market?
- BK Technologies Inc., Hytera Communications Corp. Ltd., Icom Inc., JVCKENWOOD Corp., Kirisun Communication Co. Ltd., L3Harris Technologies Inc., Motorola Solutions Inc., Tait International Ltd., Thales Group, and Uniden Holdings Corp. are some of the major market participants.
- What are the key market drivers and challenges?
- Shift to digital radios is one of the major factors driving the market. However, the data congestion restraints the market growth.
- How big is the APAC market?
- The APAC region will contribute 49% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BK Technologies Inc., Hytera Communications Corp. Ltd., Icom Inc., JVCKENWOOD Corp., Kirisun Communication Co. Ltd., L3Harris Technologies Inc., Motorola Solutions Inc., Tait International Ltd., Thales Group, and Uniden Holdings Corp. are some of the major market participants. The shift to digital radios will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Walkie Talkie Market 2020-2024: Segmentation
Walkie Talkie Market is segmented as below:
-
Product
- Digital
- Analog
-
Geography
- APAC
- North America
- Europe
- South America
- MEA
-
Application
- Industry and Commerce
- Government and Utility
- Defense
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Walkie Talkie Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The walkie talkie market report covers the following areas:
- Walkie Talkie Market Size
- Walkie Talkie Market Trends
- Walkie Talkie Market Analysis
This study identifies increasing use of LTE in walkie talkies as one of the prime reasons driving the walkie talkie market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Walkie Talkie Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist walkie talkie market growth during the next five years
- Estimation of the walkie talkie market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the walkie talkie market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of walkie talkie market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Digital - Market size and forecast 2019-2024
- Analog - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application
- Industry and commerce - Market size and forecast 2019-2024
- Government and utility - Market size and forecast 2019-2024
- Defense - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- BK Technologies Inc.
- Hytera Communications Corp. Ltd.
- Icom Inc.
- JVCKENWOOD Corp.
- Kirisun Communication Co. Ltd.
- L3Harris Technologies Inc.
- Motorola Solutions Inc.
- Tait International Ltd.
- Thales Group
- Uniden Holdings Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.