Walkie Talkie Market

Walkie-talkies are wireless, hand-held radios that comprise a speaker, microphone, battery, antenna, receiver, transmitter, some circuitry, and push to talk (PTT) button. These parts work together to create useful radio signals. Walkie talkies are designed primarily for short-range communications, in which groups of people are within a few miles of each other. Basically, all walkie-talkies are made to work on specific frequencies that the government of every country has reserved for different types of transmissions. For instance, policemen and firefighters have their own frequencies so that business and public signals do not interfere with emergency communications. In the US, the primary frequencies designated for general public use are called Family Radio Service (FRS) and General Mobile Radio Service (GMRS).

The various factors contributing to the adoption of walkie talkies are usage of digital walkie talkie for security purposes, and also it is considered as a cost-effective medium for short-distance communication. Furthermore, development of two-way smart radios is expected to act as an opportunity for companies operating in the global walkie talkie market. However, range and bandwidth limitations are expected to hamper the growth of the market in the coming years.

This study on the global walkie talkie market provides detailed information about industry trends and dynamics, market size, competitive landscape, and growth opportunities. This research report segments the global walkie talkie market by type, ownership, end user, and region/country. Based on type, the market has been segmented into analog and digital. The analog segment accounts for the largest market share of 56.8% in 2018, with a market value of USD 1,437.2 million. By ownership, the market has been segmented into license free and licensed. The licensed segment is expected to register a higher CAGR of 10.75% during forecast period. The end users for this market are enterprises/commercial, law enforcement & security, consumer/personal use, aerospace & defense and others. The enterprises/commercial segment accounted for the largest market share of 32.1% in 2018.

The major vendors profiled in this study are Motorola Solutions, Inc., Cobra Electronics, Hytera Communications Corporation Limited, JVCKENWOOD, Icom America Inc., Tait Communications, Kirisun Communication Co., Ltd, Shenzhen Hqt Science & Technology Co., Ltd, Uniden America Corporation, Wintec, Yaesu USA, and Garmin Ltd. These market players are striving to adopt organic and inorganic growth approaches such as product launch, partnerships, agreements, and collaborations to improve their position and excel in the global walkie talkie market