Global Wakie Talkie Market, By Type (Analog Walkie Talkie, Digital Walkie Talkie), Range (Short Range, Long Range), Component (Hardware, Software, Services), Frequency (VHF, UHF), Application (Government and Public Safety, Utilities, Industry and Commerce, Military, Transportation, Retail, Hospitality, Others) – Industry Trends and Forecast to 2030.
Wakie Talkie Market Analysis and Size
According to University at Albany, Walkie-talkies are used in a variety of industries, including manufacturing, construction, healthcare, and logistics. The increasing demand for these industries is driving the demand for walkie-talkies. Two-way radio technology is becoming increasingly popular due to its simplicity and reliability. This is driving the demand for walkie-talkies. Walkie-talkies are being developed with new features and functionality, such as GPS tracking and Bluetooth connectivity. This is making walkie-talkies more versatile and appealing to a wider range of users.
Data Bridge Market Research analyses that the global wakie talkie market which was USD 3,400 million in 2022, is expected to reach USD 7,350 million by 2030, and is expected to undergo a CAGR of 8.8% during the forecast period 2023-2030. This indicates the market value. “Analog” dominates the type segment of the global wakie talkie market due to their sports and fitness segment is expected to dominate the market as due to continuous increasing adoption of wakie talkie for sports and fitness in the order to enhanced sports, fitness, and well-being by monitoring physiological conditions of wearers. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Wakie Talkie Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customisable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Analog Walkie Talkie, Digital Walkie Talkie), Range (Short Range, Long Range), Component (Hardware, Software, Services), Frequency (VHF, UHF), Application (Government and Public Safety, Utilities, Industry and Commerce, Military, Transportation, Retail, Hospitality, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Entel Group Hongkong Retevis Trade Co., Ltd. (Hong Kong), Hytera Communications Corporation Limited (China), Icom Inc. (Japan), JVCKENWOOD USA Corporation (U.S.), Kirisun Communication Co., Ltd (China), Motorola Solution, Inc. (U.S.), Shenzhen HQT Science and Technology Co., Ltd. (China), Tait Communications and Uniden Holdings Corporation (New Zealand)
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Market Opportunities
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Market Definition
Walkie talkie are portable two-way radios used for communication over short distances. Walkie talkies, also known as handheld transceivers or two-way radios, are wireless communication devices that allow individuals or groups to communicate with each other without the need for a centralized base station or cellular network. Walkie talkies are commonly used in various industries and sectors, including public safety, security, construction, manufacturing, logistics, outdoor recreation, and events management. They provide a reliable and instant means of communication, enabling individuals or teams to coordinate and exchange information effectively.
Global Wakie Talkie Market Dynamics
Drivers
- Communication Needs
The need for effective and reliable communication in various industries and sectors, such as public safety, security, construction, and logistics, drives the demand for walkie talkies. Walkie talkies provide instant and efficient communication over short distances without relying on cellular networks or base stations.
- Safety and Security
Walkie talkies play a crucial role in ensuring safety and security by enabling quick and seamless communication among individuals or teams. Industries such as law enforcement, emergency services, and event management rely on walkie talkies for real-time communication during critical situations
Opportunity
- Rapid Advancement of Wireless Communication
The rapid advancement of wireless communication technologies opens up opportunities for the development of more advanced walkie talkies. Opportunities exist to integrate features like GPS, Bluetooth, Wi-Fi connectivity, and improved battery life into walkie talkies, enhancing their functionality and expanding their potential applications.
Restraint/Challenge
- Competition from Alternative Communication Technologies
The availability and advancements of alternative communication technologies, such as smartphones, mobile apps, and VoIP solutions, pose a challenge to the Walkie Talkie Market. These technologies offer convenient and versatile communication options, which can compete with traditional walkie talkies.
Recent Developments
- In March 2020 Epson America, Inc., a division of Japan's Seiko Epson Corporation, partnered with 3D HoloGroup (US), a company that specialises in AR software architecture and systems integration, to sell Epson's AR glasses
- In June 2019 PTC acquired TWNKLS (Netherlands), a provider of practical AR solutions for Industry 4.0, to accelerate the development of AR enterprise apps
- In May 2019Microsoft released the second-generation HoloLens, the HoloLens 2, The HoloLens 2 complete set includes free trials of Unity Pro, Azure credits, and the Unity PiXYZ CAD data plugin. In addition, the company announced Unreal Engine 4 support for HoloLens 2, which will provide customers with a more realistic experience
Global Wakie Talkie Market Scope
The global wakie talkie market scope is segmented on the basis of type, range, component, frequency and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Analog Walkie Talkie
- Digital Walkie Talkie
Range
- Short Range
- Long Range
Component
- Hardware
- Software
- Services
Frequency
- VHF
- UHF
Application
- Government and Public Safety
- Utilities
- Industry and Commerce
- Military
- Transportation
- Retail
- Hospitality
- Others
Global Wakie Talkie Market Analysis/Insights
The global wakie talkie market is segmented on the basis of type, range, component, frequency and application as referenced above.
The countries covered in the global wakie talkie market scope report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the global wakie talkie market due to increasing investments in global wakie talkie market and rising demand for wakie talkie in e-commerce and retail stores in this region.
Asia-Pacific and Europe are the expected region in terms of growth in global wakie talkie market due to growing adoption of AR technology in gaming and entertainment applications and rapid adoption of AR technology drive by the continued rollout of high-speed 5G networks in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Wakie Talkie Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to Flowmeters market.
Some of the major players operating in the global wakie talkie market are:
- Entel Group Hongkong Retevis Trade Co., Ltd. (Hong Kong)
- Hytera Communications Corporation Limited (China)
- Icom Inc. (Japan)
- JVCKENWOOD USA Corporation (U.S.)
- Kirisun Communication Co., Ltd (China)
- Motorola Solution, Inc. (U.S.)
- Shenzhen HQT Science and Technology Co., Ltd. (China)
- Tait Communications and Uniden Holdings Corporation (New Zealand)
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