According to a market report by Lucintel, the future of the global walkie talkie market looks promising with opportunities in the residential and commercial markets. The global walkie talkie market is expected to reach an estimated $5.2 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are broad use of the equipment for public safety by government organizations, growing popularity of digital radios on building sites, as well as, security organizations from a variety of industries frequently utilize walkie talkies to ensure the safety of commercial facilities.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in walkie talkie market to 2030 by distribution channel (offline channel and online channel), product type (analog and digital), end use (residential, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, analog and digital are the major segments of walkie talkie market by product type.
Lucintel forecasts that analog will remain the larger segment over the forecast period because the analog walkie talkies are less expensive than digital walkie talkies, which drives the sales among customers such as event management, large hotels and resorts, and others.
Within this market, commercial will remain the larger segment due to increasing use of walkie talkies at large hotels and resorts, event management companies, and increased spending by governments and public safety agencies on communication devices such as walkie talkies.
North America will remain the largest region over the forecast period due to early adoption of digital transformation, growing acceptance of modern communication technologies, along with the region's growing construction activity and the swift growth of multiple sectors.
Motorola Solutions, Icom America, Hytera, Sepura, Tait Communications, Yaesu, Entel, Uniden, Kirisun Communications, and Quansheng are the major suppliers in the walkie talkie market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]