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Walkie Talkie Global Market Report 2022

Walkie Talkie Global Market Report 2022

  • August 2022
  • 175 pages
  • ID: 6316484
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the walkie talkie market are Entel Group, Hytera Communications, Icom Inc., Kirisun Communication Co. Ltd., Motorola Solutions Inc., Shenzhen HQT Science And Technology, Uniden Holdings Corporation, Tait International Ltd., Hongkong Retevis Trade Co., Ltd., BK Technologies Inc., Hytera Communications Corp. Ltd., L3Harris Technologies Inc., Thales Group, Icom America Inc and Sepura plc.

The global walkie talkie market is expected to grow from $5.46 billion in 2021 to $6.08 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The walkie talkie market is expected to grow to $9.03 billion in 2026 at a CAGR of 10.4%.

The walkie-talkie market consists of the sale of walkie talkies by entities (organizations, sole traders, and partnerships) that are used to communicate wirelessly (using radio waves) on a single, shared frequency band.Walkie-talkies are small, portable radios that communicate over the air (through radio waves) on a single, shared frequency band.

A walkie-talkie consists of a transmitter/receiver and antenna (for sending and receiving radio waves), a loudspeaker that typically doubles as a microphone when you speak into it, and a push-to-talk button.

The main types of walkie talkie are wearable walkie talkie device, handheld walkie talkie device.A wearable digital walkie-talkie is a small, battery-operated, and wearable communication device that transmits and receives data.

The products for walkie talkie are analog and digital that are distributed on offline channel, online channel. The various applications of walkie talkie are government and police, military and defense, retail and manufacturing, industrial and commercial, security agencies, others.

North America was the largest region in the walkie-talkie market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in walkie-talkie market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The walkie talkie market research report is one of a series of new reports that provides walkie talkie market statistics, including walkie talkie industry global market size, regional shares, competitors with a walkie talkie market share, detailed walkie talkie market segments, market trends and opportunities, and any further data you may need to thrive in the walkie talkie industry. This walkie talkie market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The rising budget of security equipment in the residential societies is driving the demand for walkie talkie market.The growing criminal activities across the residential and commercial areas have led to an increase in the budget for security equipment in the residential societies.

For instance, according to the article published by Forbes Advisor, American business magazine, in February 2022, the average home security equipment costs in the USA vary from $ 5 (with the purchase of a contract) to more than $ 600 per month.Furthermore, according to the article published by safewise, unbiased home security reviews company, in January 2021, nearly a third of Americans spent more than $ 600 on home technology this year, which is the same amount as the stimulus payments they received.

Hereby, the rising security concern and investment in security equipment will raise the demand for security equipment such as walkie-talkies for internal communication. Hence, rising budget of security equipment drives the demand for walkie talkie market.

Technological advancements are shaping the walkie talkie market.The manufacturing companies are making huge research and development for their product to meet the market demand and maximum market share.

Many companies in the market are launching new and latest products to provide enhanced experience to its customers. For instance, In August 2021, Motorola Solutions, American video equipment, telecommunications equipment, software, systems and services provider, launched APX NEXT Smart Radio, a next-generation, public safety radio that provides mission-critical voice communications on land-mobile radio (LMR) networks while using broadband networks for data applications.

In March 2019, Motorola Solutions, a US-based company leader in public safety and enterprise security acquired Avtec, Inc for an undisclosed amount.This acquisition of Avtec will add new capabilities to Motorola Solutions’ land mobile radio and broadband platforms for both public safety and commercial customers.

Avtec, Inc is a US-based telecommunications equipment company.

The countries covered in the walkie-talkie market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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