Published Date: 31-Mar-2022
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According to a new report Global Digital Mobile Radio Market, published by KBV research, The Global Digital Mobile Radio Market size is expected to reach $7.2 billion by 2027, rising at a market growth of 10.0% CAGR during the forecast period.
The >700 MHz market is leading the market in the Global Digital Mobile Radio Market by Frequency 2020, achieving a market value of $3.8 billion by 2027. The growth of this segment is increasing because of the fact that the long-range capability is available in the frequency band 700 MHz & above and allowing operators to transmit over a wider distance. Due to this feature, such activities are spread over significant areas with a lack of proper connectivity. For instance, the >700 band DMR devices are widely being utilized in mining.
The Commercial market is the fastest growing segment in the Global Digital Mobile Radio Market by Industry Vertical 2020, growing at a CAGR of 8.1% during the forecast period. The growth of this segment is attributed to the utilization of digital mobile radios across organizations and corporate companies of various sizes. In this sector, digital mobile radio devices are being utilized in order to accelerate management and other purposes.
The Hand Portable market is generating high revenue in the Global Digital Mobile Radio Market by Product Type 2020, achieving a market value of $5.3 billion by 2027. Hand-held digital mobile radios are convenient and simple to operate. In addition, handheld digital mobile radios, commonly known as DMR or two-way wireless radios, are mostly used for group call conversations. Walkie-talkies and handy-talkies are common names for portable two-way radios
The Tier 2 market shows high growth rate of 10.6% during (2021 - 2027). Tier 2 is appropriate for radio frequency bands. DMR Tier II covers licensed conventional radio systems, mobiles, and hand portables that operate in the 66–960 MHz PMR frequency ranges. The ETSI DMR Tier II standard is aimed at users who require high-power communications with spectral efficiency, enhanced voice features and integrated IP data services in licensed bands.
The North America market acquired maximum revenue share in the Global Digital Mobile Radio Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.6 billion by 2027. The Europe market is expected to witness a CAGR of 9.6% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 10.1% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of L3Harris Technologies, Inc., Raytheon Technologies Corporation, Thales Group S.A., Leonardo SpA, Motorola Solutions, Inc., Icom Incorporated, BK Technologies Corporation, Hytera Communications Corporation Limited, Simoco Wireless Solutions, and Tait Communications.
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