Asia Pacific General Mobile Radio Service (GMRS) Market Forecast to 2030- COVID-19 Impact and Regional Analysis- by Type (Handheld and In-vehicle), and Application (Recreational, Off-road, Agriculture, and Others)

Description

List of Tables

The Asia Pacific General Mobile Radio Service (GMRS) Market is expected to grow from US$ 11.12 million in 2023 to US$ 14.17 million by 2030. It is estimated to grow at a CAGR of 3.5% from 2023 to 2030.

Benefits of Using GMRS Radios in Agricultural Sector Fuel Asia Pacific General Mobile Radio Service (GMRS) Market

The agricultural sector is one of the main contributors to a country's GDP. To keep the agricultural sector running efficiently, the farmers or the farm operators use various farm equipment and devices such as tractors, combine or harvester, fertilizer spreaders, and radios. Farms usually do not have reliable cell phone coverage, which creates a need for general mobile radio service (GMRS) radios. GMRS radios are economically feasible compared to cell phones, as only initial equipment cost is required with no cost for daily communication. In addition, mobile GMRS radios can be used on tractors and are more resistant to falls than fragile mobile phones, leading to their adoption in complex farming environments.

Moreover, in agricultural communication, mobile GMRS radios allow the operator to set squelch levels according to situations such as wind noise and the sound of mechanical farming, thus improving the quality of communication between two users. In addition, GMRS enhances the performance and compatibility of tractors, seeders, loaders, and sprayers, which contributes to the demand for GMRS radios for efficient communication in agricultural fields. A few players operating in the GMRS radios market, such as RETEVIS, MIDLAND Radio, and Rugged Radios, are providing GMRS radios to cater to the demand.

Thus, such feasibility offered by the GMRS radios over cell phones in agricultural fields is driving its adoption among farmers or farm operators, which is contributing to the market growth.

Asia Pacific General Mobile Radio Service (GMRS) Market Overview

In Asia Pacific, there is a rise in disposable income of the people with the growing economies of developing countries. This factor has increased the interest in travel among citizens. In addition, it has also propelled the interest of the citizens toward camping, hiking, hunting, and other outdoor recreational activities. These activities take place where the mobile networks are not reachable, leading to no communication in case of emergencies and medical help. Several countries in APAC use different types of radios at different frequencies. For instance, in China, public radio services are used at 409 MHz, India uses UHF FM service at 350.225-350.400 MHz, and South Korea uses UHF-FM at 448.750-449.2625 MHz. Thus, the growing need for these radios for two-way communication increases their use in the region.

Asia Pacific General Mobile Radio Service (GMRS) Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific General Mobile Radio Service (GMRS) Market Segmentation

The Asia Pacific General Mobile Radio Service (GMRS) Market is segmented into type, application, and country.

Based on type, the Asia Pacific General Mobile Radio Service (GMRS) Market is segmented into handheld and in-vehicle. The handheld segment held a larger share of the Asia Pacific General Mobile Radio Service (GMRS) Market in 2023.

Based on application, the Asia Pacific General Mobile Radio Service (GMRS) Market is segmented into recreational, off-road, agriculture, and other. The recreational segment held a larger share of the Asia Pacific General Mobile Radio Service (GMRS) Market in 2023.

Based on country, the Asia Pacific General Mobile Radio Service (GMRS) Market is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. China dominated the share of the Asia Pacific General Mobile Radio Service (GMRS) Market in 2023.

Fujian Baofeng Electronics Co Ltd; Hongkong Retevis Trade Co Ltd; Iradio Electronics Co Ltd; Midland Radio Corp; Quanzhou Chierda Electronic Telecom Co Ltd; QYT Electronics Co Ltd; Tidradio; and WOUXUN ELECTRONICS CO., LTD. are the leading companies operating in the Asia Pacific General Mobile Radio Service (GMRS) Market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific general mobile radio service (GMRS) market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific general mobile radio service (GMRS) market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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Product Code: BMIRE00028768

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Asia Pacific GMRS Radio Market - By Type
- 1.3.2 Asia Pacific GMRS Radio Market - By Application
- 1.3.3 Asia Pacific GMRS Radio Market- By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific GMRS Radio Market Landscape

4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Asia Pacific GMRS Radio Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Benefits of Using GMRS Radios in Agricultural Sector
5.2 Market Restraints
- 5.2.1 Stringent Government Rules for GMRS Radios Usage
5.3 Market Opportunities
- 5.3.1 Increase in Off-road and Recreational Activities
5.4 Future Trends
- 5.4.1 Development of Advanced GMRS Radios
5.5 Impact Analysis of Drivers and Restraints

6. GMRS Radio Market - Asia Pacific Analysis

6.1 Asia Pacific GMRS Radios Market Overview
6.2 Asia Pacific GMRS Radio Market - Revenue and Forecast to 2030 (US$ Million)

7. Asia Pacific GMRS Radio Market Analysis - By Type

7.1 Overview
7.2 Asia Pacific GMRS Radio Market, By Type (2022 and 2030)
7.3 Handheld
- 7.3.1 Overview
- 7.3.2 Handheld: Asia Pacific GMRS Radio Market - Revenue, and Forecast to 2030 (US$ Million)
7.4 In-vehicle
- 7.4.1 Overview
- 7.4.2 In-vehicle: Asia Pacific GMRS Radio Market - Revenue, and Forecast to 2030 (US$ Million)

8. Asia Pacific GMRS Radio Market Analysis - By Application

8.1 Overview
8.2 Asia Pacific GMRS Radio Market, By Application (2022 and 2030)
8.3 Recreational
- 8.3.1 Overview
- 8.3.2 Recreational: Asia Pacific GMRS Radio Market - Revenue, and Forecast to 2030 (US$ Million)
8.4 Off-road
- 8.4.1 Overview
- 8.4.2 Off-road: Asia Pacific GMRS Radio Market - Revenue, and Forecast to 2030 (US$ Million)
8.5 Agriculture
- 8.5.1 Overview
- 8.5.2 Agriculture: Asia Pacific GMRS Radio Market - Revenue, and Forecast to 2030 (US$ Million)
8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: Asia Pacific GMRS Radio Market- Revenue and Forecast to 2030 (US$ Million)

9. Asia Pacific GMRS Radio Market - Country Analysis

9.1 Overview
- 9.1.1 Asia Pacific GMRS Radio Market Breakdown, by Country
  - 9.1.1.1 China: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
    - 9.1.1.1.1 China: Asia Pacific GMRS Radio Market Breakdown, By Type
    - 9.1.1.1.2 China: Asia Pacific GMRS Radio Market Breakdown, By Application
  - 9.1.1.2 India: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
    - 9.1.1.2.1 India: Asia Pacific GMRS Radio Market Breakdown, By Type
    - 9.1.1.2.2 India: Asia Pacific GMRS Radio Market Breakdown, By Application
  - 9.1.1.3 Japan: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
    - 9.1.1.3.1 Japan: Asia Pacific GMRS Radio Market Breakdown, By Type
    - 9.1.1.3.2 Japan: Asia Pacific GMRS Radio Market Breakdown, By Application
  - 9.1.1.4 Australia: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
    - 9.1.1.4.1 Australia: Asia Pacific GMRS Radio Market Breakdown, By Type
    - 9.1.1.4.2 Australia: Asia Pacific GMRS Radio Market Breakdown, By Application
  - 9.1.1.5 South Korea: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
    - 9.1.1.5.1 South Korea: Asia Pacific GMRS Radio Market Breakdown, By Type
    - 9.1.1.5.2 South Korea: Asia Pacific GMRS Radio Market Breakdown, By Application
  - 9.1.1.6 Rest of Asia Pacific: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
    - 9.1.1.6.1 Rest of Asia Pacific: Asia Pacific GMRS Radio Market Breakdown, By Type
    - 9.1.1.6.2 Rest of Asia Pacific: Asia Pacific GMRS Radio Market Breakdown, By Application

10. Industry Landscape

10.1 Overview
10.2 Market Initiative
10.3 Product Development

11. Company Profiles

11.1 Tidradio
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Quanzhou Chierda Electronic Telecom Co Ltd
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 WOUXUN ELECTRONICS CO., LTD.,
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Midland Radio Corp
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Hongkong Retevis Trade Co Ltd
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Fujian Baofeng Electronics Co Ltd
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Iradio Electronics Co Ltd
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 QYT Electronics Co Ltd
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Word Index