Walkie Talkie Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2021-2027, Segmented By Product Type (Analog and Digital), End User (Residential, and Commercial), Distribution Channel (Offline Channel and Online Channel), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
- Published Date: October 2021
- Report ID: BWC21158
- Available Format: PDF
- Page: 200
Report Overview
Growth in the global walkie talkie market is driven by the increasing spending of governments and public safety agencies, as well as the rise in acceptance of digital radios and the diverse use of Walkie-talkies.Global Walkie Talkie Market Size - Industry Trends & Forecast Report 2027
The global walkie talkie market was worth USD 3.3 Billion in 2020 and is further projected to reach USD 5.9 Billion by 2027 at a CAGR of 8.6% during 2021-2027 (forecast period). Global walkie-talkie market growth is driven by governments and public safety agencies spending more on the walkie-talkie market and by the widespread use of digital radios and the growing acceptance of walkie-talkies. In the near future, product innovation and the rise of e-commerce platforms will create new opportunities for the market, thereby driving its growth.
Source: BlueWeave Consulting
Global Walkie Talkie Market Overview
A walkie talkie is a handheld portable radio that uses radio waves to communicate wirelessly.
Because these devices are not restricted by the network, they allow users to communicate easily even when the network is not available. The two main types of walkie-talkies available on the market are analog and digital. The availability of these Walkie Talkies through a variety of sales channels, such as online and offline sales channels, has fuelled the global walkie-talkie market.
Growth Drivers
Use of walkie talkie in different industries
Walkie Talkies are becoming increasingly accepted in various applications sectors, which is one of the major factors driving the growth of the global walkie talkie market. The use of LTE walkie talkies for industrial and commercial purposes helps businesses connect outside of the country as well as within it. Children also benefit from walkie talkies as the device keeps them away from the harmful radiation emitted by mobile phones. Walkie talkies are becoming more popular with kids worldwide, which in turn is driving the market's growth.
Rise in adoption of digital radios
As the name implies, digital radio transmits and receives radio signals via digital technology. As digital radios have grown in popularity, walkie-talkies have grown exponentially worldwide. The growth of the global Walkie talkie market is driven by the increasing acceptance of digital radios. Digital Audio Broadcasting (DAB) and digital mobile radio (DMR) are digital two-way radio technologies that offer several significant advantages over analog systems. With its increased size, it now offers more channels, better audio quality, greater functionality, and longer battery life.
Restraints
Bandwidth Limitations
Bandwidth measurement is the amount of data that can be transferred from one point to another in a network in a given time period. The amount of data that can be sent over a wireless connection is restricted by its bandwidth. Noise refers to anything that interferes with a wireless connection. It may refer, for example, to a line or channel that is naturally slower than anticipated or to a temporary situation, such as an overloaded network. This is one of the restraints facing the global walkie-talkie market.
Impact of COVID-19 in the industry
The global walkie-talkie market has been adversely affected by the sudden outbreak of COVID-19. The production of walkie-talkies was halted due to lockdown and a shortage of raw materials and components. Due to the obstructed supply chains, the prevailing demand could not be met, resulting in heavy losses to the manufacturers. Additionally, the demand for walkie-talkies dropped significantly during this time as people were more concerned with basic necessities. Walkie-talkies, however, are expected to gain significant traction during the forecast period due to the tight social distancing norms that have become the new normal.
Global Walkie Talkie Market: By Product Type
The global walkie talkie market is segmented into Analog and Digital based on product types. The analog segment accounted for the highest market share in 2020. This segment is expected to maintain its dominance in the walkie talkie market even during the forecast period. Its popularity is largely due to its cheaper pricing compared to the digital Walkie Talkie, making it popular among consumers such as event coordinators, giant hotels, and resorts. Analog radios have analog technology and operate using frequency variation. Analog radios transmit speech naturally. While using analog radio, only one conversation can be carried on at a time.
Global Walkie Talkie Market: By Distribution Channel
Based on distribution channels, the global walkie talkie market is divided into online channels and offline channels. The offline channel segment accounts for the highest market share in global walkie talkie marketing. B2B sales channels offer commercial users heavy discounts on bulk purchases that help drive the Walkie Talkie sales across the globe, contributing to the growth of the Walkie Talkie market. The online segment is likely to be the fastest-growing segment in terms of sales in the coming years.
Global Walkie Talkie Market – Regional Insights
Geographically, the global walkie talkie market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa based on the region. Among all the regions, North America dominated the global walkie talkie market in 2020. North America's dominant position in the walkie-talkie market is due to increased government spending on these devices for security purposes, which drives the market in this region. However, Asia-Pacific will likely catch up and become the fastest growing segment during the forecast period.
Recent Developments:
- January 2021- Kickstarter launched its latest noise canceling walkie talkie radio, the FRS PMR446.
- January 2021- Vodafone Qatar launched push-to-talk Plus, a Walkie-talkie-like service that can be used by those working in malls, stadiums, airports, ports, and construction sites.
Competitive Landscape
Key players in the global walkie talkie market are Entel Group Hongkong Retevis Trade Co. Ltd., Hytera Communications Corporation Limited, Icom Inc., JVCKenwood USA Corporation, Kirisun Communication Co. Ltd, Motorola Solution Inc., Shenzhen HQT Science & Technology Co., Ltd., Tait Communications and Uniden Holdings Corporation, and other manufacturers.
Several key players dominate the walkie talkie market. Many of these key players have incorporated several strategies, such as acquisitions, mergers, collaborations, and R&D, to remain at the forefront and meet customers’ ever-growing needs.
Scope of the Report:
|
Attribute |
Details |
|
Years Considered |
Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027 |
|
Facts Covered |
Revenue in USD Billion |
|
Market Coverage |
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, UAE, South Africa, Saudi Arabia |
|
Product/Service Segmentation |
By Product Type, By End user, By Distribution Channel, By Region |
|
Key Players |
Key players for global walkie talkie market are Entel Group Hongkong Retevis Trade Co., Ltd., Hytera Communications Corporation Limited, Icom Inc., JVCKenwood USA Corporation, Kirisun Communication Co., Ltd, Motorola Solution, Inc., Shenzhen HQT Science & Technology Co., Ltd., Tait Communications and Uniden Holdings Corporation and other key manufacturers.
|
- By Product Type
- Analog
- Digital
- By End User
- Residential
- Commercial
- By Distribution Channel
- Offline Channel
- Online Channel
- By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
1. Research Framework
1.1. Research Objective
1.2. End-User Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Walkie Talkie Market Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Recent Development
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Intensity of Rivalry
4.4 Value Chain Analysis
4.5 Key Strategic Developments
5. Global Walkie Talkie Market Overview
5.1. Market Size & Forecast by Value, 2017-2027
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Product Type
5.2.1.1. Analog
5.2.1.2. Digital
5.2.2. By End User
5.2.2.1. Residential
5.2.2.2. Commercial
5.2.3. By Distribution Channel
5.2.3.1. Online
5.2.3.2. Offline
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Latin America
5.2.4.3. Europe
5.2.4.4. Asia Pacific
5.2.4.5. Middle East
5.2.4.6. Africa
6. North America Walkie Talkie Market
6.1. Market Size & Forecast by Value, 2017-2027
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.2. By End User
6.2.3. By Distribution channel
6.2.4. By Country
6.2.4.1. United States
6.2.4.2. Canada
7. Europe Walkie Talkie Market
7.1. Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By End User
7.2.3. By Distribution Channel
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. Poland
7.2.4.3. Russia
7.2.4.4. Italy
7.2.4.5. France
7.2.4.6. United Kingdom
7.2.4.7. Spain
7.2.4.8. Rest of Europe
8. Asia Pacific Walkie Talkie Market
8.1. Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By End User
8.2.3. By Distribution Channel
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Malaysia
8.2.4.5. Singapore
8.2.4.6. Rest of Asia Pacific
9. Latin America Walkie Talkie Market
9.1. Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By End User
9.2.3. By Distribution Channel
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Mexico
9.2.4.3. Rest of Latin America
10. Middle East & Africa Walkie Talkie Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By End User
10.2.3. By Distribution Channel
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market/Ranking Share Analysis
11.3. Competitive Benchmarking, By Operating Parameters
12. COVID-19 Impact
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
13.1. Entel Group Hongkong Retevis Trade Co. Ltd.
13.2. Hytera Communications Corporation Limited
13.3. Icom Inc.
13.4. JVCKenwood USA Corporation
13.5. Kirisun Communication Co. Ltd
13.6. Motorola Solution Inc.
13.7. Shenzhen HQT Science & Technology Co., Ltd.
13.8. Tait Communications
13.9. Uniden Holdings Corporation
13.10. Other manufacturers
14. Key Strategic Recommendations
* Financial information of non-listed Companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.
List of Figures
Fig 1: Walkie Talkie Market Segmentation
Fig 2: Global Walkie Talkie Market Value Chain Analysis,
Fig 3: Company Market Share Analysis, 2020
Fig 4: Global Walkie Talkie Market Size, By Value (USD Billion), 2017-2027
Fig 5: Global Walkie Talkie Market Share (%), By Product Type, By Value, 2017-2027
Fig 6: Global Walkie Talkie Market Share (%), By End User, By Value, 2017-2027
Fig 7: Global Walkie Talkie Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 8: Global Walkie Talkie Market Share (%), By Country, By Value, 2017-2027
Fig 9: North America Walkie Talkie Market Size, By Value (USD Billion), 2017-2027
Fig 10: North America Walkie Talkie Market Share (%), By Product Type, By Value, 2017-2027
Fig 11: North America Walkie Talkie Market Share (%), By End User, By Value, 2017-2027
Fig 12: North America Walkie Talkie Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 13: North America Walkie Talkie Market Share (%), By Country, By Value, 2017-2027
Fig 14: Europe Walkie Talkie Market Size, By Value (USD Billion), 2017-2027
Fig 15: Europe Walkie Talkie Market Share (%), By Product Type, By Value, 2017-2027
Fig 16: Europe Walkie Talkie Market Share (%), By End User, By Value, 2017-2027
Fig 17: Europe Walkie Talkie Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 18: Europe Walkie Talkie Market Share (%), By Country, By Value, 2017-2027
Fig 19: Asia-Pacific Walkie Talkie Market Size, By Value (USD Billion), 2017-2027
Fig 20: Asia-Pacific, Walkie Talkie Market Share (%), By Product Type, By Value, 2017-2027
Fig 21: Asia-Pacific, Walkie Talkie Market Share (%), By End User, By Value, 2017-2027
Fig 22: Asia-Pacific, Walkie Talkie Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 23: Asia-Pacific Walkie Talkie Market Share (%), By Country, By Value, 2017-2027
Fig 24: Latin America Walkie Talkie Market Size, By Value (USD Billion), 2017-2027
Fig 25: Latin America Walkie Talkie Market Share (%), By Product Type, By Value, 2017-2027
Fig 26: Latin America Walkie Talkie Market Share (%), By End User, By Value, 2017-2027
Fig 27: Latin America Walkie Talkie Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 28: Latin America Walkie Talkie Market Share (%), By Country, By Value, 2017-2027
Fig 29: Middle East & Africa Walkie Talkie Market Size, By Value (USD Billion), 2017-2027
Fig 30: Middle East & Africa Walkie Talkie Market Share (%), By Product Type, By Value, 2017-2027
Fig 31: Middle East & Africa Walkie Talkie Market Share (%), By End User, By Value, 2017-2027
Fig 32: Middle East & Africa Walkie Talkie Market Share (%), By Distribution Channel, By Value, 2017-2027
Fig 33: Middle East & Africa Walkie Talkie Market Share (%), By Country, By Value, 2017-2027
List of Tables
Table 1: Global Walkie Talkie Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 2: Global Walkie Talkie Market Size, By End User, By Value (USD Billion), 2017-2027
Table 3: Global Walkie Talkie Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 4: Global Walkie Talkie Market Size, By Region, By Value (USD Billion), 2017-2027
Table 5: North America Walkie Talkie Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 6: North America Walkie Talkie Market Size, By End User, By Value (USD Billion), 2017-2027
Table 7: North America Walkie Talkie Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 8: North America Walkie Talkie Market Size, By Country, By Value (USD Billion), 2017-2027
Table 9: Europe Walkie Talkie Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 10: Europe Walkie Talkie Market Size, By End User, By Value (USD Billion), 2017-2027
Table 11: Europe Walkie Talkie Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 12: Europe Walkie Talkie Market Size, By Country, By Value (USD Billion), 2017-2027
Table 13: The Asia-Pacific Walkie Talkie Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 14: The Asia-Pacific Walkie Talkie Market Size, By End User, By Value (USD Billion), 2017-2027
Table 15: The Asia-Pacific Walkie Talkie Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 16: The Asia-Pacific Walkie Talkie Market Size, By Country, By Value (USD Billion), 2017-2027
Table 17: Latin America Walkie Talkie Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 18: Latin America Walkie Talkie Market Size, By End User, By Value (USD Billion), 2017-2027
Table 19: Latin America Walkie Talkie Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 20: Latin America Walkie Talkie Market Size, By Country, By Value (USD Billion), 2017-2027
Table 21: The Middle-East & Africa Walkie Talkie Market Size, By Product Type, By Value (USD Billion), 2017-2027
Table 22: The Middle-East & Africa Walkie Talkie Market Size, By End User, By Value (USD Billion), 2017-2027
Table 23: The Middle-East & Africa Walkie Talkie Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027
Table 24: The Middle-East & Africa Walkie Talkie Market Size, By Country, By Value (USD Billion), 2017-2027
Table 25: Entel Group Hongkong Retevis Trade Co. Ltd. Financial Analysis
Table 26: Entel Group Hongkong Retevis Trade Co. Ltd. Business Overview
Table 27: Hytera Communications Corporation Limited Financial Analysis
Table 28: Hytera Communications Corporation Limited Business Overview
Table 29: Icom Inc. Financial Analysis
Table 30: Icom Inc. Business Overview
Table 31: JVCKenwood USA Corporation Financial Analysis
Table 32: JVCKenwood USA Corporation Business Overview
Table 33: Kirisun Communication Co., Ltd Financial Analysis
Table 34: Kirisun Communication Co., Ltd Business Overview
Table 35: Motorola Solution Inc. Financial Analysis
Table 36: Motorola Solution Inc. Business Overview
Table 37: Shenzhen HQT Science & Technology Co., Ltd. Financial Analysis
Table 38: Shenzhen HQT Science & Technology Co., Ltd. Business Overview
Table 39: Tait Communications Financial Analysis
Table 40: Tait Communications Business Overview
Table 41: Uniden Holdings Corporation Financial Analysis
Table 42: Uniden Holdings Corporation Business Overview
Market Segmentation
- By Product Type
- Analog
- Digital
- By End User
- Residential
- Commercial
- By Distribution Channel
- Offline Channel
- Online Channel
- By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
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