Walkie Talkie Market Opportunities, Demand, Growth, Application and Forecast to 2030

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Walkie Talkie Market Research Report: By Type (Analog, Digital), By Ownership (Licensed, License-Free)

Market Overview: 

Global Walkie Talkie Market is expected to reach USD 5,263.16 Million by 2026 at a CAGR of 10.14% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years. In the past, walkie talkie was mainly used for enterprise purposes. 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).

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Key Players

The Key Players of the Global Walkie Talkie Market 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. among others.

Walkie Talkie Market – Segmentation

Global Walkie Talkie Market has been segmented based on Type, Ownership, End User, and Region.

Based on ownership, the global market has been segmented into licensed and license-free. The license-free segment accounted for the largest market share of 53.0% in 2018, with a market value of USD 1,347.85 million; it is expected to register a CAGR of 9.6% during the forecast period. The licensed segment was the second-largest market in 2018, valued at USD 1,184.27 million; it is projected to exhibit a CAGR of 10.8%. Walkie talkies or two-way radios have benefitted the enterprises and industries on a larger front. Various companies use licensed radios to add on-site communication, extra calling, and some additional features in the form of wide-area coverage of business on a secured licensed line. License-free walkie talkies are widely used for personal use, small businesses, and recreational purposes. Unlike licensed walkie talkies, license-free radios do not require permission from the FCC or Ofcom in case of the US and the UK, respectively.

By end user, the market has been segmented into Enterprises/Commercial, Law Enforcement Security, Consumer/Personal Use, Aerospace Defense, and Others. The enterprise commercial segment accounted for the largest market share of 32.1% in 2018, with a market value of USD 815.06 million; it is expected to register a CAGR of 11.7% during the forecast period. Walkie talkies generally operate on two ownership methods, including licensed and licensed free ownership. For consumer/personal use, generally, a License-free walkie talkie is used in applications such as small businesses, event planning, and sports activities. Several small, medium, and large enterprises, manufacturing facilities, construction sector, and infrastructure companies are widely using walkie talkies in their day to day operations to improve coverage, provide clarity during process operation, and increase worker safety. Law enforcement and security are the prime end users of walkie talkies. The use of radio communication in the law enforcement dates back several decades, while the use of walkie talkies is still in practice.

Global Walkie Talkie Market – Regional Analysis

The global walkie talkie market, by region, has been segmented into North America, Europe, Asia-Pacific, the Middle East Africa, and Central South America. North America accounted for the largest market share of 37.78% in 2018, with a market value of USD 961.64 million; the market is expected to register the highest CAGR of 9.5% during the forecast period. Europe was the second-largest market in 2018, valued at USD 719.5 million; the market is projected to exhibit a CAGR of 10.0%. North America dominates the Walkie Talkie Market based on the region due to the presence of key players such as Motorola Solutions and Midland Radio. Due to rising ownership of smartphones affordable communications service plans and non-requirement of purchasing a license, Europe was the second largest region.

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Source - Market Research Future