The Two-Way Radio Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Two-Way Radio Market?
The two-way radio market has been experiencing substantial growth. The market size is forecasted to increase from $9.82 billion in 2024 to $10.68 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Two-Way Radio Industry?
The two-way radio market is forecasted to reach a value of $14.8 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 8.5%.
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What are the Key Growth Drivers Fueling the Two-Way Radio Market?
The key drivers in the two-way radio market are:
• Increasing adoption of two-way radios in commercial and industrial sectors
• Rising participation in outdoor recreational activities where two-way radios are often used
• Higher levels of investment being directed towards public safety infrastructure
• Growing demand for two-way radios in emerging markets due to technology advancements.
Global Market Segmentation: Identifying Major Two-Way Radio Industry Segments
The two-way radio market covered in this report is segmented –
1) By Type: Analog Walkie-Talkie, Digital Walkie-Talkie
2) By Technology: Terrestrial Trunked Radio (TETRA), Project 25 (P2
5), Digital Mobile Radio (DMR), Next Generation Digital Narrowband (NXDN)
3) By Application: Government And Public Safety, Utilities, Industry And Commerce, Other Applications
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What are the Emerging Trends Shaping the Future of the Two-Way Radio Market?
The key trends in the two-way radio market are:
• Integration of advanced technologies is one emerging trend in the two-way radio market.
• The market is also seeing an increasing trend of integration with IoT and AI technologies.
• The adoption of cloud-based solutions is another trend shaping the two-way radio market.
• There's a notable trend of law enforcement agencies increasingly adopting digital radios.
Who Are the Top Competitors & Leading Players in the Two-Way Radio Market?
Major companies in the two-way radio market are:
• Raytheon Technologies Corporation
• Johnson Controls
• Thales Group
• Motorola Solutions Inc.
• Rohde & Schwarz GmbH & Co. KG
• JVCKENWOOD Corporation
• Kenwood Corporation
• Maxon America Inc.
• TETRA
• Codan Limited
• Tait Communications
• Sepura Limited
• Icom Incorporated
• Uniden America Corporation
• BK Technologies Corporation
• Shenzhen HQT Science & Technology Co. Ltd.
• Midland Radio Corporation
• Simoco Wireless Solutions
• Ritron Inc.
• Hytera Mobilfunk GmbH
• SFL Mobile Radio
• TPL Communications Inc.
• Thodukonics
• Uniden America Corporation
• Kirisun Communications Co. Ltd.
Regional Dominance: Which Area Leads the Global Two-Way Radio Market?
North America was the largest region in the two-way radio market in 2024
