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Terrestrial Trunked Radio (TETRA) Market by Component (Hardware, and Software), Device Type (Portable, and Vehicular), Application (Commercial, and Public Safety), and Geography - Global Forecast to 2022

Terrestrial Trunked Radio (TETRA) Market: Global Forecast until 2022

  • April 2017
  • 145 pages
  • ID: 4828893
In this report:
The TETRA market for transportation applications was valued at USD ##.## million in 2016 and is expected to grow at a CAGR of ##.##% between 2017 and 2022, owing to the advancements in connected and autonomous vehicle technology worldwide.
The TETRA market for public safety applications in the Middle East and Africa is expected to grow from USD ##.## million in 2016 to USD ##.## million by 2022, at the highest CAGR of ##.##% between 2017 and 2022.

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"Terrestrial trunked radio market to grow at a CAGR (Compound annual growth rate) of ~17.1 percent between 2017 and 2022"

The terrestrial trunked radio market is forecasted to reach ~$4.4B by 2022, at a compound annual growth rate of ~17.1 percent between 2017 and 2022. The main reason for the increase ot the terrestrial trunked radio is the increasing demand for mission critical communications globally, transition of radio communication devices from analog to digital, and increasing use of mobile radio communications in the transportation sector. High infrastructure cost for TETRA networks is a main restraining factor for the increase ot the terrestrial trunked radio market.

"Military and defense drives the terrestrial trunked radio market; it held the biggest market share in 2016."

Military and defense is the most important application driving the rise of TETRA for mission critical operations. Portable and vehicular radios are now available with inbuilt world class standard TETRA to cater to the needs of critical and seamless communications in military and defense, and homeland security. These factors are anticipated to propel the increase of the terrestrial trunked radio market for defense and homeland security applications.

"Asia-Pac is anticipated to be the quickest developing market."

This analysis includes the terrestrial trunked radio market in North America (NA), Europe (EU), Asia Pacific (APAC), and Rest of the globe. The terrestrial trunked radio market in Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022. EU is the biggest area for the terrestrial trunked radio market. The high adoption of TETRA networks in public and commercial applications, and presence of established actors are some of the important factors that have contributed to the rise of the terrestrial trunked radio market in this area.

Key players' distribution profiles:

• By Company category: Tier 1 - 35.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 35.0 percent

• By Description: C-suite executives - 40.0 percent, Directors - 35.0 percent, and Others - 25.0 percent

• By Area: North America continent - 25.0 percent, Europe (EU) - 35.0 percent, Asia-Pac - 35.0 percent, and rest of the world - 5.0 percent

The top players in the terrestrial trunked radio market decribed in this market report are Motorola Solutions, Incorporated, Airbus Defense and Space Corporation, Hytera Communications Corporation Limited, JVCKENWOOD Corporation, Sepura PLC, Simoco Group, DAMM Cellular Systems A/S, Rohill Engineering B.V., Bitea Limited, and Rolta India Limited.

Segment Research

The analysis offers a clear study of terrestrial trunked radio and its usages across distinct applications, devices, and territories. This business report aims to estimate the market value and upcoming growth potential of this market across segments including components, device types, applications, and localities. The market research also comprises a detailed competitive analysis of the top players in this sector, together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Why Purchasing This Study Can Help You:

• this business report includes market statistics pertaining to components, device types, applications, and geographies, together with their respective market sizes.

• Major drivers, market restraints, opportunities, and alternatives for the increase ot the terrestrial trunked radio market have been offered in this industry report.

• Illustrative segmentation, review, and forecast by component, device type, application, and area have been conducted to provide an global view of the terrestrial trunked radio market.

• this business report will facilitate partners better comprehend their players and obtain business insights on ways to enhance their rank in the business sector. The competitive landscape section includes the competitor ecosystem, new industry product developments, and contracts.

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