At 4.8% CAGR, the Europe General Mobile Radio Service (GMRS) Radios Market is projected to be worth US$ 24.27 million by 2030 says Business Market Insights

According to Business Market Insights research, the Europe general mobile radio service (GMRS) radios market was valued at US$ 17.43 million in 2023 and is expected to reach US$ 24.27 million by 2030 registering a CAGR of 4.8% from 2023 to 2028. Benefits of using GMRS radios in agricultural sector is the critical factors attributed to the Europe general mobile radio service (GMRS) radios market expansion.        

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 Europe 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 cellphones in agricultural fields is driving its adoption among farmers or farm operators, which is contributing to the market growth.

On the contrary, stringent government rules for GMRS radios usage hampers the Europe general mobile radio service (GMRS) radios market.  

Based on type, the Europe general mobile radio service (GMRS) radios market is bifurcated into handheld and in-vehicle. The handheld segment held 64.7% share of Europe general mobile radio service (GMRS) radios market in 2023, amassing US$ 11.27 million. It is projected to garner US$ 15.28 million by 2028 to expand at 4.4% CAGR during 2023–2028.

Based on application, the Europe general mobile radio service (GMRS) radios market is segmented into recreational, off-road, agriculture, and others. The recreational segment held 47.5% share of Europe general mobile radio service (GMRS) radios market in 2023, amassing US$ 8.28 million. It is projected to garner US$ 11.17 million by 2028 to expand at 4.4% CAGR during 2023–2028.

Based on country, the Europe general mobile radio service (GMRS) radios market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.7% share of Europe general mobile radio service (GMRS) radios market in 2023. It was assessed at US$ 4.31 million in 2023 and is likely to hit US$ 6.41 million by 2030 exhibiting a CAGR of 5.8% during 2023–2028.      

Key players operating in the Europe general mobile radio service (GMRS) radios market are Fujian Baofeng Electronics 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.

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