At 2.5% CAGR, the North America General Mobile Radio Service (GMRS) Radios Market is projected to be worth US$ 117.11 million by 2030 says Business Market Insights

According to Business Market Insights research, the North America general mobile radio service (GMRS) radios market was valued at US$ 98.21 million in 2023 and is expected to reach US$ 117.11 million by 2030 registering a CAGR of 2.5% from 2023 to 2028. Benefits of using GMRS radios in agricultural sector is the critical factors attributed to the North America general mobile radio service (GMRS) radios market expansion.        

GMRS radios are used for short-distance, two-way voice communications using hand-held radios, mobile radios, and repeater systems. They are widely used in agriculture, recreational activities, camping, hiking, and other commercial applications. The introduction of enhanced features and new functionality compared to previous models can attract new customers and encourage existing users to upgrade their equipment. The advanced features provide more reliable and efficient communications between users. Therefore, the market players are incorporating additional features into their existing GMRS radios. For instance, in May 2022, BAOFENG TECH launched GMRS-V2, an advanced version of GMRS-V1 with additional features such as new in-house custom chipsets and firmware. It consists of 200 completely programmable channels that can be arranged, modified, and used as GMRS, NOAA, or scanner channels, offering users a customized choice to switch between channels. Thus, such additional features attract several end users to adopt advanced two-way communication systems for better radio performance, leads to its adoption.

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

Based on type, the North America general mobile radio service (GMRS) radios market is bifurcated into handheld and in-vehicle. The handheld segment held 62.2% share of North America general mobile radio service (GMRS) radios market in 2023, amassing US$ 61.05 million. It is projected to garner US$ 71.13 million by 2028 to expand at 2.2% CAGR during 2023–2028.

Based on application, the North America general mobile radio service (GMRS) radios market is segmented into recreational, off-road, agriculture, and others. The recreational segment held 40.2% share of North America general mobile radio service (GMRS) radios market in 2023, amassing US$ 39.44 million. It is projected to garner US$ 45.56 million by 2028 to expand at 2.1% CAGR during 2023–2028.

Based on country, the North America general mobile radio service (GMRS) radios market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 85.6% share of North America general mobile radio service (GMRS) radios market in 2023. It was assessed at US$ 84.04 million in 2023 and is likely to hit US$ 101.30 million by 2030 exhibiting a CAGR of 2.7% during 2023–2028.      

Key players operating in the North America general mobile radio service (GMRS) radios 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, Rugged Race Products Inc, Sainstore Inc, Tidradio, and WOUXUN ELECTRONICS CO LTD, among others.

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