Market Research Report
Walkie Talkie Market by Product Type (Analog and Digital), End User (Residential, and Commercial), Distribution Channel (Offline Channel and Online Channel): Global Opportunity Analysis and Industry Forecast, 2021-2030
|Walkie Talkie Market by Product Type (Analog and Digital), End User (Residential, and Commercial), Distribution Channel (Offline Channel and Online Channel): Global Opportunity Analysis and Industry Forecast, 2021-2030|
Published: August 31, 2021
Allied Market Research
Content info: 265 Pages
Delivery time: 2-3 business days
The global walkie talkie market was valued at $3.2 billion in 2020, and is projected to reach $7.3 billion by 2030, registering a CAGR of 8.8% from 2021 to 2030.
Walkie-Talkie is a terminal device used for communication purpose. These devices are not restricted by the network and thus, allow users to communicate easily where the network is not covered. Moreover, walkie talkie is easily available in the market through various distribution channels including offline sales channel and online sales channel. Additionally, continuous growth of online stores is expected to drive growth of the walkie talkie market, in terms of value sales during the forecast period.
Rise in spending by governments and public safety agencies has driven the walkie talkie market growth. Moreover, the extensive use of walkie talkie in various industries such as defense sector, event management firms and others act as the key driver for the growth of the walkie talkie market. Furthermore, rising adoption of digital radios has also propelled growth of the walkie talkie market. However, range and bandwidth limitation is expected to hamper the growth of the market during the forecast period. Nevertheless, continuous innovation in the walkie talkie and the rapid growth of online retail platform is expected to offer immense opportunities for the market, in terms of value sales during the forecast period.
The global walkie talkie market segments are categorized into product type, end user, distribution channel, and region. By product type, it is classified into analog and digital. By end user, it is divided into residential and commercial. On the basis of distribution channel, the market is segregated into online channel and offline channel. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the global walkie talkie industry analyzed in this report include Entel Group Hongkong Retevis Trade Co., Ltd., Hytera Communications Corporation Limited, Icom Inc., JVCKENWOOD USA Corporation, Kirisun Communication Co., Ltd, Motorola Solution, Inc., Shenzhen HQT Science & Technology Co., Ltd., Tait Communications and Uniden Holdings Corporation.
Key Benefits for Stakeholders
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global walkie talkie market from 2020 to 2030 to identify the prevailing market opportunities.
The key countries in all the major regions are mapped based on their market share.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
The report includes the analysis of the regional as well as global walkie talkie market, key players, market segments, end use, and growth strategies.