Analog and digital two-way radios use carrier frequency waves of very high frequency (VHF) or ultrahigh frequency (UHF) to convey signals over a radio channel. Analog radio systems encode spoken signals into a carrier wave using frequency modulation (FM). Digital radio systems perform the same function, but before the voice signal reaches the carrier wave, it goes through an extra encoding step where the message is encoded into binary packets for modulating the carrier wave frequency. The need for reliable and real-time communication is increasing with a rise in business opportunities across all industries. Increased channel capacity, longer range coverage, better voice quality, longer battery life, GPS tracking, and trucking are the major benefits that propel the adoption of digital two-way communication equipment. The use of digital two-way radio systems improves the performance and efficiency of the radio communications devices, and opens the door to various integrated applications and solutions that can unify communications from end to end, transforming business operations. Digital radio systems also serve applications such as video and security, dispatch, and job tickets. In January 2022, Motorola Solutions announced MOTOTRBO R7, a digital two-way radio equipment with superior audio features, and small and rugged design, for connecting teams in loud, harsh, and dynamic environments. The increasing availability of such effective digital two-way radio equipment is contributing to the growth of the North America two-way radio equipment market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America two-way radio equipment market at a notable CAGR during the forecast period.
North America Two-Way Radio Equipment Market Segmentation
The North America two-way radio equipment market is segmented on the basis of type, signal frequency, 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 the digital segment is expected register a higher CAGR during forecast period. Based on signal frequency, the North America two-way radio equipment 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 the ultra-high frequency (UHF) segment is expected to record a higher CAGR during the forecast period. Based on end-use industry, the North America two-way radio equipment 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 the transportation and logistics segment is expected to register the highest CAGR in the market during the forecast period. Based on country, the North America two-way radio equipment market is segmented into the US, Canada, and Mexico.
BK Technologies Inc; Hytera Communications Corporation Ltd; Icom America Inc.; 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 North America two-way radio equipment market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 3,105.07 Million |
| Market Size by 2028 | US$ 4,741.63 Million |
| CAGR (2021 - 2028) | 6.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
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|
Regions and Countries Covered
|
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| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
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The North America Two-Way Radio Equipment Market is valued at US$ 3,105.07 Million in 2021, it is projected to reach US$ 4,741.63 Million by 2028.
As per our report North America Two-Way Radio Equipment Market, the market size is valued at US$ 3,105.07 Million in 2021, projecting it to reach US$ 4,741.63 Million by 2028. This translates to a CAGR of approximately 6.2% during the forecast period.
The North America Two-Way Radio Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Two-Way Radio Equipment Market report:
The North America Two-Way Radio Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Two-Way Radio Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Two-Way Radio Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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