Authored By: Sarah
15 Jun 2021

Walkie Talkie Market Size to Grow by $ 2.10 Billion During 2020-2024

Technavio has been monitoring the walkie talkie market and it is expected to grow by $ 2.10 billion, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Walkie Talkie Market: APAC to lead market growth during the forecast period

  • 49% of the market growth will originate from APAC during the forecast period.
  • Use of LTE in walkie talkies will be a key trend that will influence market growth significantly.
  • The shift to digital radios will be a significant factor in driving the growth of the walkie talkie market.

Walkie Talkie Market to Post Incremental Growth of $ 2.10 Billion During 2020-2024 | Key Geographies that will Drive Growth

Walkie Talkie Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BK Technologies Inc., Hytera Communications Corp. Ltd., Icom Inc., JVCKENWOOD Corp., Kirisun Communication Co. Ltd., L3Harris Technologies Inc., Motorola Solutions Inc., Tait International Ltd., Thales Group, and Uniden Holdings Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Walkie Talkie Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive walkie talkie market growth during the next five years
  • Precise estimation of the walkie talkie market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the walkie talkie market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of walkie talkie market vendors

 

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