The Walkie Talkie Global Market Report 2023, provides comprehensive information on the walkie talkie market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In accordance with The Business Research Company’s Walkie Talkie Global Market Report for 2023, the market is poised for notable expansion. The market size is projected to ascend from $6.07 billion in 2022 to a significant $6.79 billion in 2023, driven by a commendable compound annual growth rate (CAGR) of 11.9%.
However, it is vital to consider the intricate global context in which this growth is occurring, particularly in light of the Russia-Ukraine conflict’s disruptive effects on the prospects for global economic recovery, at least in the short term. This geopolitical tension has precipitated a complex web of challenges, including the imposition of economic sanctions on multiple nations, an abrupt spike in commodity prices, and consequential disruptions within global supply chains, all of which have contributed to inflationary pressures across goods and services. These developments have left an indelible imprint on numerous markets worldwide.
Looking ahead, the walkie-talkie market is poised for further expansion, with an estimated market size of $9.81 billion by 2027, characterized by a robust CAGR of 9.6%. This anticipated growth underscores the resilience and enduring demand for such communication devices in various sectors, despite the challenging global economic landscape.
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The walkie talkie market is witnessing a profound transformation driven by technological advancements. Manufacturing companies are channeling substantial resources into research and development to align their product offerings with market demand and secure a substantial market share. Numerous entities within this sector are proactively introducing new and cutting-edge products to elevate the customer experience.
A case in point is Motorola Solutions, a prominent American provider of video equipment, telecommunications equipment, software, systems, and services. In August 2021, the company unveiled the APX NEXT Smart Radio, representing the next generation of public safety radios. This innovative device seamlessly integrates mission-critical voice communications on land-mobile radio (LMR) networks while harnessing broadband networks for data applications. This forward-looking approach exemplifies the industry’s commitment to embracing advanced technology to enhance communication capabilities and cater to the evolving needs of its customer base. Such initiatives are indicative of a dynamic and progressive market, where innovation is a driving force.
The walkie talkie market is segmented:
1) By Type: Wearable Walkie Talkie Device, Handheld Walkie Talkie Device
2) By Product Type: Analog, Digital
3) By Distribution Channel: Offline Channel, Online Channel
4) By Application: Government And Police, Military And Defense, Retail And Manufacturing, Industrial And Commercial, Security Agencies, Other Applications
Top Major Players
Entel Group
Hytera Communications
Icom Inc.
Kirisun Communication Co. Ltd.
Motorola Solutions Inc.
North America was the largest region in the walkie talkie market in 2022.
The table of contents in TBRC’s walkie talkie market report includes:
1. Executive Summary
2. Walkie Talkie Market Characteristics
3. Walkie Talkie Market Trends And Strategies
4. Walkie Talkie Market – Macro Economic Scenario
5. Walkie Talkie Market Size And Growth
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26. Africa Walkie Talkie Market
27. Walkie Talkie Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Walkie Talkie Market
29. Walkie Talkie Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Walkie Talkie Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Walkie Talkie Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Walkie Talkie Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 47: Entel Group Financial Performance
Table 48: Hytera Communications Financial Performance
Table 49: Icom Inc Financial Performance
Table 50: JVCKENWOOD Corp Financial Performance
Table 51: Kirisun Communication Co Ltd Financial Performance
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