Walkie Talkie Market- Roadmap for Recovery From COVID-19 | Shift to Digital Radios to Boost the Market Growth | Technavio

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.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

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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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

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 

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