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)
The APAC two-way radio equipment market is expected to grow from US$ 1,519.35 million in 2021 to US$ 2,623.53 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2021 to 2028.
Military expenditure is rising across APAC countries due to increasing government initiatives to strengthen the military and defense sectors in response to rising warfare and terrorism. According to data published by Stockholm International Peace Research Institute (SIPRI), spending on the military and defense sector increased by 2.6% in 2020. Financial empowerment allows military and defense bodies to acquire efficient communication systems. For instance, with a surge in budget allocations for developments in military communications, electronics, telecommunications, and intelligence (CET&I) technology, several military forces across the region spent significant amounts on the acquisition of communication electronics in 2019. These factors are creating lucrative opportunities for the growth of the two-way equipment market players in APAC.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC two-way radio equipment market. The APAC two-way radio equipment market is expected to grow at a good CAGR during the forecast period.
APAC Two-Way Radio Equipment Market Revenue and Forecast to 2028 (US$ Million)
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APAC Two-Way Radio Equipment Market Segmentation
The APAC two-way radio equipment market is segmented based on product type, category, end user, distribution channel, 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 the 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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Two-Way Radio Equipment Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Two-Way Radio Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Adoption of Digital Two-Way Radio over Analog Equipment
5.1.2 Surging Demand for Two Way Radio Equipment in Manufacturing Sector
5.2 Market Restraints
5.2.1 High Life Span
5.3 Market Opportunities
5.3.1 Growing Expenditure on Military & Defense Sector
5.4 Future Trends
5.4.1 Increasing Procurement of Two-Way Radio Equipment by Government Agencies
5.5 Impact Analysis of Drivers and Restraints
6. Two Way Radio Equipment Market – APAC Analysis
6.1 APAC Two-Way Radio Equipment Market
6.2 APAC Two-Way Radio Equipment Market Forecast and Analysis
7. APAC Two-Way Radio Equipment Market Analysis – By Type
7.1 Overview
7.2 APAC Two-Way Radio Equipment Market Breakdown, by Type, 2020 and 2028
7.3 Digital
7.3.1 Overview
7.3.2 Digital: Two-Way Radio Equipment Market Revenue and Forecast to 2028 (US$ Million)
7.4 Analog
7.4.1 Overview
7.4.2 Analog: Two-Way Radio Equipment Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Two-Way Radio Equipment Market Analysis – By Signal Frequency
8.1 Overview
8.2 APAC Two-Way Radio Equipment Market, by Signal Frequency (2020 and 2028)
8.3 Very High Frequency (VHF)
8.3.1 Overview
8.3.2 Very High Equipment (VHF): Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Ultra-High Frequency (UHF)
8.4.1 Overview
8.4.2 Ultra-High Frequency (UHF): Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Two-Way Radio Equipment Market Analysis – by End-Use Industry
9.1 Overview
9.2 APAC Two-Way Radio Equipment Market, by End-Use Industry (2020 and 2028)
9.3 Government and Public Safety
9.3.1 Overview
9.3.2 Government and Public Safety: Two-Way Radio Equipment Market – Revenue and Forecast to 2028(US$ Million)
9.4 Manufacturing
9.4.1 Overview
9.4.2 Manufacturing: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Utilities
9.5.1 Overview
9.5.2 Utilities: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Transportation and Logistics
9.6.1 Overview
9.6.2 Transportation and Logistics: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Education
9.7.1 Overview
9.7.2 Education: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Hospitality
9.8.1 Overview
9.8.2 Hospitality: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Two-Way Radio Equipment Market – Country Analysis
10.1 Overview
10.1.1 APAC: Two-Way Radio Equipment Market, by Key Country
10.1.1.1 Australia: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Two-Way Radio Equipment Market, by Type
10.1.1.1.2 Australia: Two-Way Radio Equipment Market, by Signal Frequency
10.1.1.1.3 Australia: Two-Way Radio Equipment Market, by End-Use Industry
10.1.1.2 China: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Two-Way Radio Equipment Market, by Type
10.1.1.2.2 China: Two-Way Radio Equipment Market, by Signal Frequency
10.1.1.2.3 China: Two-Way Radio Equipment Market, by End-Use Industry
10.1.1.3 India: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Two-Way Radio Equipment Market, by Type
10.1.1.3.2 India: Two-Way Radio Equipment Market, by Signal Frequency
10.1.1.3.3 India: Two-Way Radio Equipment Market, by End-Use Industry
10.1.1.4 Japan: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Two-Way Radio Equipment Market, by Type
10.1.1.4.2 Japan: Two-Way Radio Equipment Market, by Signal Frequency
10.1.1.4.3 Japan: Two-Way Radio Equipment Market, by End-Use Industry
10.1.1.5 South Korea: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Two-Way Radio Equipment Market, by Type
10.1.1.5.2 South Korea: Two-Way Radio Equipment Market, by Signal Frequency
10.1.1.5.3 South Korea: Two-Way Radio Equipment Market, by End-Use Industry
10.1.1.6 Rest of APAC: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Two-Way Radio Equipment Market, by Type
10.1.1.6.2 Rest of APAC: Two-Way Radio Equipment Market, by Signal Frequency
10.1.1.6.3 Rest of APAC: Two-Way Radio Equipment Market, by End-Use Industry
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 BK Technologies Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Hytera Communications Corporation Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Midland Radio Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Motorola Solutions Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Tait Communications
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Wintec Co., Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Uniden America Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 JVCKENWOOD Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Ritron Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. APAC Two-Way Radio Equipment Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. Australia: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 20. Glossary of Terms
LIST OF FIGURES
Figure 1. APAC Two-Way Radio Equipment Market Segmentation
Figure 2. APAC Two-Way Radio Equipment Market Segmentation – By Country
Figure 3. APAC Two-Way Radio Equipment Market Overview
Figure 4. APAC Two-Way Radio Equipment Market, by Type
Figure 5. APAC Two-Way Radio Equipment Market, by Country
Figure 6. APAC – PEST Analysis
Figure 7. Expert Opinion
Figure 8. APAC Two-Way Radio Equipment Market: Impact Analysis of Drivers and Restraints
Figure 9. APAC Two-Way Radio Equipment Market Forecast and Analysis, (US$ Mn)
Figure 10. APAC Two-Way Radio Equipment Market Revenue Share, by Type (2020 and 2028)
Figure 11. APAC Digital: Two-Way Radio Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Analog: Two-Way Radio Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Two-Way Radio Equipment Market Revenue Share, by Signal Frequency (2020 and 2028)
Figure 14. APAC Very High Equipment (VHF): Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Ultra-High Frequency (UHF): Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Two-Way Radio Equipment Market Revenue Share, by End-Use Industry (2020 and 2028)
Figure 17. APAC Government and Public Safety: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Manufacturing: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Utilities: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Transportation and Logistics: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Education: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Hospitality: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Others: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC: Two-Way Radio Equipment Market, by Key Country – Revenue (2020) (US$ Million)
Figure 25. APAC: Two-Way Radio Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. Australia: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of APAC: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- BK Technologies Inc
- Hytera Communications Corporation Ltd
- JVCKENWOOD Corporation
- Midland Radio Corporation
- Motorola Solutions Inc.
- Ritron Inc
- Tait Communications
- Uniden America Corporation
- Wintec Co., Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC two-way radio equipment market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC two-way radio equipment market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the two-way radio equipment market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution