Industry Background:
A walkie talkie also referred to as a hand-held transceiver (HT), could be also described as a portable and hand-held two-way radio transceiver. It works on simplex communication that uses integral transmitters to send and receive radio signals to communicate and therefore doesn't need a separate network tower. Walkie talkies are usually utilized in settings where portable radio communications are necessary such as public safety, business, outdoor recreation, and military. Devices are available at numerous price points, starting from cheap analog units sold as toys to ruggedize analog and digital units, which are waterproof or intrinsically safe, to be used in boats or heavy industries.
According to AMA, the market for Walkie Talkies is expected to register a CAGR of 9.9% during the forecast period to 2026. This growth is primarily driven by Increase in Adoption of Walkie Talkie in Various Application Sector, Growing Adoption of Technology and Increasing Need To Of Security Due To Increasing Incidence of Crimes.
The Electronic Equipment & Instruments sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Motorola Solutions (United States), Cobra Electronics (United States), Hytera Communications (China), Jvckenwood (Japan), Icom (Japan), Tait Communications (New Zealand), Kirisun Communications (China), Shenzhen Hqt Science and Technology (China), Uniden (Japan), Wintec (New Zealand) and Midland Radio (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 23 Oct 2018, Motorola Solutions, a global leading walkie talkie manufacturers has introduced the TALKABOUT T800 two-way radios with mobile app, which allows outdoor enthusiasts the ability to share as well as track their locations and send messages with fellow travelers while off the cellular grid.
Market Drivers
- Increase in Adoption of Walkie Talkie in Various Application Sector
- Growing Adoption of Technology
- Increasing Need To Of Security Due To Increasing Incidence of Crimes
Market Trend
Restraints
- High Cost of the Devices and Range Bandwidth Limitation Are the Factors
Opportunities
Technological Advancements and Emerging Demand from Economies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Walkie Talkies Study Sheds Light on
The Walkie Talkies Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Walkie Talkies industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Walkie Talkies industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.