Report : Asia-Pacific Two-Way Radio Equipment Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type (Digital and Analog), Signal Frequency (Very High Frequency (VHF) and Ultra-High Frequency (UHF)), and End-Use Industry (Government and Public Safety, Manufacturing, Utilities, Transportation and Logistics, Education, Hospitality, and Others)
Government & Public Safety Segment to Dominate APAC Two-Way Radio Equipment Market During 2021–2028
According to a new market research study on “APAC Two-Way Radio Equipment Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Signal Frequency, and End- Use Industry,” is expected to reach US$ 2,623.53 million by 2028 from US$ 1,519.35 million in 2021. The market is estimated to grow at a CAGR of 8.1% from 2021 to 2028. The report provides trends prevailing in the APAC two-way radio equipment market along with the drivers and restraints pertaining to the market growth. Growing expenditure on military & defense sector in manufacturing sector is the major factor driving the growth of the APAC two-way radio equipment market. However, high life span hinders the growth of APAC two-way radio equipment market.
The APAC two-way radio equipment market is segmented based on type, signal frequency, and end- use industry, and country. Based on type, the market is segmented into digital and analog. The analog segment dominated the market in 2020 and digital segment is expected to be fastest growing during forecast period. Based on signal frequency, the market is segmented into very high frequency (VHF) and ultra-high frequency (UHF). The very high frequency (VHF) segment dominated the market in 2020 and ultra-high frequency (UHF) segment is expected to be fastest growing during forecast period. Based on end-use industry, the market is segmented into government and public safety, manufacturing, utilities, transportation and logistics, education, hospitality, and others. The government & public safety segment dominated the market in 2020 and transportation and logistics segment is expected to be fastest growing during forecast period. Based on country, the APAC two-way radio equipment market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC.
BK Technologies Inc; Hytera Communications Corporation Ltd; JVCKENWOOD Corporation; Midland Radio Corporation; Motorola Solutions Inc.; Ritron Inc; Tait Communications; Uniden America Corporation; and Wintec Co., Ltd are among the leading companies in the APAC two-way radio equipment market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Hytera, the world's leading provider of professional communications equipment and solutions, announced the completion of a new digital TETRA network for the Philippine National Railways (PNR).
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