At 3.5% CAGR, the Asia Pacific General Mobile Radio Service (GMRS) Market is projected to be worth US$ 14.17 million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific general mobile radio service (GMRS) market was valued at US$ 11.12 million in 2023 and is expected to reach US$ 14.17 million by 2030, registering a CAGR of 3.5% from 2023 to 2030. Benefits of using GMRS radios in agricultural sector is the critical factors attributed to the Asia Pacific general mobile radio service (GMRS) market expansion.

There has been a rise in off-road and recreational activities among travelers worldwide. Various off-road racing events are being conducted across the globe. Off-road racing includes trucks, buggies, motorbikes, cars, and other modified vehicles. These off-road racing events are rising due to the growing interest of enthusiasts in adventurous sports that allow them to showcase their skills and vehicles’ capabilities. Such events are conducted yearly due to their growing popularity. These activities are conducted in terrains where the mobile network availability is low and requires a constant noise-free mode of communication, which is expected to generate the demand for GMRS radios. Further, GMRS radios help individuals or groups engaged in off-road and recreational activities to stay connected in remote areas such as forests, mountains, or deserts. GMRS radios help them connect to users in case of missing driver, mechanical failures of vehicles, medical emergencies, or any other unfortunate events. GMRS radios provide better individual and group safety, contributing to their adoption for off-road and recreational activities. Therefore, the rise in these activities is expected to fuel the Asia Pacific GMRS radios market growth during the forecast period.

On the contrary, stringent government rules for GMRS radios usage hampers the Asia Pacific General Mobile Radio Service (GMRS) Market.  

Based on type, the Asia Pacific General Mobile Radio Service (GMRS) Market is segmented into handheld and in-vehicle. The handheld segment held 66.1% share of Asia Pacific General Mobile Radio Service (GMRS) Market in 2023, amassing US$ 7.35 million. It is projected to garner US$ 9.03 million by 2030 to expand at 3.0% CAGR during 2023–2030.

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 50.6% share of Asia Pacific General Mobile Radio Service (GMRS) Market in 2023, amassing US$ 5.63 million. It is projected to garner US$ 6.94 million by 2030 to expand at 3.0% CAGR during 2023–2030.

Based on country, the Asia Pacific general mobile radio service (GMRS) market has been categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 35.2% share of Asia Pacific General Mobile Radio Service (GMRS) Market in 2023. It was assessed at US$ 3.91 million in 2023 and is likely to hit US$ 5.26 million by 2030, exhibiting a CAGR of 4.3% during the forecast period.      

Key players dominating the Asia Pacific general mobile radio service (GMRS) market are 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, among others.  

• In Jan 2023, Hongkong Retevis Trade Co Ltd launched RA86 MicroMobile 20W GMRS Two-Way Radio with an external magnetic mount and 2dB antenna for extended range.

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