Walkie Talkie Market Overview:
The possibility for the global walkie talkie market to achieve 9.47% CAGR during the forecast period (2017-2023) and exceeding the predicted valuation of USD 16.99 billion is quite ripe. Market Research Future (MRFR) in their recently published report on the same declared that the walkie talkie market can expect smoother growth curve in the coming years. Walkie talkie is a two-way portable radio transceiver that uses radio channels to transmit signals.
The device has several applications in sectors such as defense, security, entertainment, commerce, and others for which the Walkie Talkie Market in the coming years can have a smooth run. Latest technologies are also expected to increase the scope for the market. But the high cost of the device and bandwidth limitation can detract the market from its expected growth route. However, inclusion of e-commerce sector can steer the walkie talkie market clear of any long time
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Influential companies such as Hytera Communications, Motorola Solutions, ICOM, JVCKENWOOD, Abel, Tait Communications, Kirisun Communications, Cobra Electronics, Uniden, Shenzhen HQT Science and Technology, Wintec and others are impacting the global walkie talkie market by implementing several tactical decisions to initiate individual growth curve and help in the expansion of the global market. These strategic moves often include merger, acquisition, product launch, innovation, collaboration, and others.
In February 2019, Xiaomi launched their Mijia Walkie Talkie 2 with 1.77-inch LCD display to help in reading important information. This dual-band (UHF / VHF) radio has transmission power of 5 W, with a communication coverage up to 6 km.
The global walkie talkie market, as analyzed by the MRFR in their latest report, is segmented by product type and application. The review of the market gets strong backup from figures delivered from a value-based and volume-based analysis. It aims at providing a detailed description of the market by breaking it down for a better understanding of the demographic impacts.
- Based on the product type, the walkie talkie market includes analog walkie talkie and digital walkie talkie. The analog walkie talkie segment is enjoying substantial market traction owing to its ability to weather difficult situations. However, digitalization is also allowing a surge in intake of digital walkie talkie.
- Based on the application, the walkie talkie market covers government & public safety, industry & commerce, commercial, home security, and others. The commercial segment encompasses retail stores and shopping malls. Shopping malls are providing much thrust to the market as the distance inside is huge and maintaining safe and smooth working atmosphere requires better communication service which walkie talkie can easily provide.
Based on the region, segmenting the global walkie talkie market leads to inclusion of regions like North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW). A detailed report on this zonal contribution reveals prospects for the global walkie talkie market in the coming years.
North America has the lion’s share in the global walkie talkie market as leading manufacturers are operating from the region. The regional technological edge such as data tracking, global positioning system, emergency alarm and others are also providing much ground for the market to expand. Demand for portable devices in security services and defense sector for better surveillance are also expected to take the market forward in the coming years. Use of the device for cryptic communications in the military services is quite prominent which can set proper openings for the market.
The APAC market is enjoying widespread inclusion of the device in the defense sector of countries such as India and China who are revamping their military sectors. At the same time, the market is benefiting from the availability of raw materials at an affordable cost and cost-effective labor. Several terrorist activities in region have also increased the demand for such electronic security devices to maintain optimum safety level in schools, offices, malls and others which is increasing the growth possibilities.
- Device manufacturers
- Network Operators
- Government Agencies
- Security Agencies
- End-user sectors
- Communication operators
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research objective
1.3 Market Structure
List of Tables
Table 1walkie Talkie Market, By Product Type
Table 2walkie Talkie Market, By Application
Table 3 Walkie Talkie Market, By Geography
List of Figures
Figure 1research Methodology
Figure 2walkie Talkie Market, By Product Type (%)
Figure 3walkie Talkie Market, By Application (%)
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