North America Two-Way Radio Equipment Market Forecast to 2028 - COVID-19 Impact and Regional 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 North America two-way radio equipment market is expected to grow from US$ 3,105.07 million in 2021 to US$ 4,741.63 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.
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 Revenue and Forecast to 2028 (US$ Million)
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.
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. North America Two-Way Radio Equipment Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Two-Way Radio Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Digital Two-Way Radio over Analog Equipment
5.1.2 Rising 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 Procurement of Two-Way Radio Equipment by Government Agencies
5.5 Impact Analysis of Drivers and Restraints
6. Two Way Radio Equipment Market – North America Analysis
6.1 North America Two-Way Radio Equipment Market
6.2 North America Two-Way Radio Equipment Market Forecast and Analysis
7. North America Two-Way Radio Equipment Market Analysis – By Type
7.1 Overview
7.2 North America 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. North America Two-Way Radio Equipment Market Analysis – By Signal Frequency
8.1 Overview
8.2 North America 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. North America Two-Way Radio Equipment Market Analysis – by End-Use Industry
9.1 Overview
9.2 North America 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. North America Two-Way Radio Equipment Market – Country Analysis
10.1 Overview
10.1.1 North America: Two-Way Radio Equipment Market, by Key Country
10.1.1.1 US: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Two-Way Radio Equipment Market, by Type
10.1.1.1.2 US: Two-Way Radio Equipment Market, by Signal Frequency
10.1.1.1.3 US: Two-Way Radio Equipment Market, by End-Use Industry
10.1.1.2 Canada: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Two-Way Radio Equipment Market, by Type
10.1.1.2.2 Canada: Two-Way Radio Equipment Market, by Signal Frequency
10.1.1.2.3 Canada: Two-Way Radio Equipment Market, by End-Use Industry
10.1.1.3 Mexico: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Two-Way Radio Equipment Market, by Type
10.1.1.3.2 Mexico: Two-Way Radio Equipment Market, by Signal Frequency
10.1.1.3.3 Mexico: 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 Icom America Inc.
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 Midland Radio Corporation
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 Motorola Solutions Inc.
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 Tait Communications
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 Wintec Co., Ltd
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 Uniden America 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 JVCKENWOOD Corporation
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
12.10 Ritron Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America Two-Way Radio Equipment Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. US: Two-Way Radio Equipment Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Two-Way Radio Equipment Market, by Signal Frequency –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Two-Way Radio Equipment Market, by End-Use Industry –Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Two-Way Radio Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Two-Way Radio Equipment Market, by Signal Frequency – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Two-Way Radio Equipment Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Two-Way Radio Equipment Market Segmentation
Figure 2. North America Two-Way Radio Equipment Market Segmentation – By Country
Figure 3. North America Two-Way Radio Equipment Market Overview
Figure 4. North America Two-Way Radio Equipment Market, by Type
Figure 5. North America Two-Way Radio Equipment Market, by Country
Figure 6. North America – PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America Two-Way Radio Equipment Market: Impact Analysis of Drivers and Restraints
Figure 9. North America Two-Way Radio Equipment Market Forecast and Analysis, (US$ Mn)
Figure 10. North America Two-Way Radio Equipment Market Revenue Share, by Type (2020 and 2028)
Figure 11. North America Digital: Two-Way Radio Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Analog: Two-Way Radio Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Two-Way Radio Equipment Market Revenue Share, by Signal Frequency (2020 and 2028)
Figure 14. North America Very High Equipment (VHF): Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Ultra-High Frequency (UHF): Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Two-Way Radio Equipment Market Revenue Share, by End-Use Industry (2020 and 2028)
Figure 17. North America Government and Public Safety: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Manufacturing: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Utilities: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Transportation and Logistics: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Education: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Hospitality: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Others: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Two-Way Radio Equipment Market, by Key Country – Revenue (2020) (US$ Million)
Figure 25. North America: Two-Way Radio Equipment Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. US: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Canada: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Mexico: Two-Way Radio Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- 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
- Wintec Co., Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America 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