Walkie Talkie Market 2019 – 2023: Global Leading Growth Drivers, Business Trends, Size, Segments, Emerging Audience and Industry Profit Growth

Walkie Talkie Market 2019 – 2023: Global Leading Growth Drivers, Business Trends, Size, Segments, Emerging Audience and Industry Profit Growth

“Walkie Talkie Market”
Global Walkie Talkie Market is expected to reach approximately USD 16.99 billion by the end of 2023 with 9.47% CAGR during forecast period 2017-2023 and Walkie Talkie Market, By Product Type (Analog Walkie Talkie and Digital Walkie Talkie), By Application (Government and Public safety, Commercial (Retail stores, shopping malls)

Walkie Talkie Market Highlights:

A walkie talkie is a fairly well-known product with an interesting range of applications. Hand-held and portable, walkie-talkies are two-way radio receivers that were developed for use during the Second World War. Walkie-talkies typically resemble a telephone set with an antenna and use push to talk (PTT) features to switch between receiver and transmitter to deliver communication. Market Research Future’s analysis of the global walkie-talkie market reveals various crucial factors regarding the growth pattern of the market. Expected to reach an approximate value of USD 16.99 Bn by the end of 2023, the global walkie talking market is expected to grow at a CAGR of 9.47% during the assessment period from 2017 to 2023.

Rise in risk factors along with surging incidences of crime has resulted in the widespread adoption of walkie talkie devices. Walkie Talkie Market is extensively used in military applications as well as commercial applications. Walkie talkie systems have evolved to become digital with advanced features such as rechargeable batteries, multi-unit rechargers, and ability to use Morse code, send text messages, receivers for AM and FM. Developments such as rugged and waterproof devices have extended the use of walkie talkies in niche markets such as in the petrochemicals industry.

Other factors which boost the growth of the market include growing demand for security services and confidential communications, the falling cost of electronic components such as transistors, and improving battery capacity. The use of walkie talkie for entertainment purposes has witnessed a surge in recent years. Moreover, walkie talkie is extensively used in emergency communication systems which generate massive demand for the market.

On the other hand, the growth of the market might be hindered by various factors such as bandwidth limitations, and large market fragmentations leading to falling pricing margin. In recent years, the emergence of secure mobile communication systems and voice over IP (VOIP) has threatened the growth of the walkie talkie.

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Competitive Landscape:

Uniden, Abel, ICOM, Cobra Electronics, JVCKENWOOD, Wintec, Shenzhen HQT Science and Technology, Hytera Communications, Kirisun Communications, Tait Communications, and Motorola Solutions are the notable players in the walkie talkie market.

Segmentation:

The walkie talkie market has been segmented based on product type and application.

  • By product type, the walkie talkie market has been segmented into digital walkie talkie and analog walkie talkie.
  • By application, the walkie talkie market has been segmented into government and public safety, commercial, industry and commerce, home security, and others. The commercial segment has been further segmented into retail stores and shopping malls.

Regional Analysis:

Among the regions covered in MRFR’s report, North America came out on top at the start of the forecast period and is likely to continue its market dominance over the assessment period.

The U.S, Canada, and Mexico make up the North American region, which makes the region largely well-developed. North America displays a strong affinity for the adoption of advanced technology which is conducive to market growth and innovation of products. Moreover, the citizens and other people living in urban areas of North Americans have a high demand for security in the face of rising crime rates, thus driving the walkie talkie market. The Asia Pacific is expected to grow drastically over the forecast period due to the presence of rapidly emerging economies with expanding urban areas and demand for advanced security.

Industry Updates:

July 2019 – Xiaomi, a Chinese electronics company, launched the BeeBest Walkie Talkie. The most noteworthy feature of the device is the 1-5km call range it offers other than a compact body, which makes it easy to carry around. It supports 5W maximum power, and the customized phosphor bronze antenna has better call performance than the common brass world.

Table of Contents

1        Market Introduction 

1.1       Introduction   

1.2       Scope of Study

1.2.1    Research objective

1.2.2    Assumptions

1.2.3    Limitations

1.3       Market Structure

Continued….

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List of Tables

Table 1walkie Talkie Market, By Product Type

Table 2walkie Talkie Market, By Application

Table 3 Walkie Talkie Market, By Geography

Continued….

List of Figures

Figure 1research Methodology

Figure 2walkie Talkie Market, By Product Type (%)

Figure 3walkie Talkie Market, By Application (%)

Continued….

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