Analog and digital two-way radios use a carrier frequency wave of very high frequency (VHF) or Ultra High frequency (UHF) to convey signals over a radio channel. Analog radios encode a spoken signal into a carrier wave using frequency modulation (FM). Digital radios do the same thing, but before the voice signal reaches the carrier wave, it goes through an extra encoding step where the message in encoded into binary packets for modulating the carrier wave frequency. With the rise in business opportunities across all industries, the need for reliable and real time communication is increasing. A few of the major benefits such as increased channel capacity, longer range coverage, better voice quality, longer battery life, GPS tracking, and trucking increase the adoption of digital two way communication equipment. The use of digital two-way radio system improves the performance and efficiency of the radio communications system and opens the door to a variety of integrated applications and solutions that can unify communications from end to end, transforming the way businesses work. The digital radio system also covers applications such as video and security, dispatch, and job tickets. The rising demand for digital two-way radio equipment is influencing the players to develop new products. For instance, Motorola Solutions announced the launch of MOTOTRBO R7 in January 2022. It is a digital two-way radio equipment with superior audio features and a small, rugged design for connecting teams in loud, harsh, and dynamic environments. All these factors are influencing the adoption of digital two-way radio equipment over analog systems, which drives the growth of the two-way radio equipment market.
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 SAM two-way radio equipment market. The SAM two-way radio equipment market is expected to grow at a good CAGR during the forecast period.
SAM Two-Way Radio Equipment Market Segmentation
The SAM 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 SAM two-way radio equipment market is segmented into Brazil, Argentina, and Rest of SAM. BK Technologies Inc; Hytera Communications Corporation Ltd; JVCKENWOOD Corporation; Motorola Solutions Inc.; Ritron Inc; Tait Communications; and Wintec Co., Ltd are among the leading companies in the SAM two-way radio equipment market.