A recent report published by Infinium Global Research on terrestrial trunked radio market provides in depth analysis of segments and sub-segments in global as well as regional markets of terrestrial trunked radio market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional markets of terrestrial trunked radio over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global terrestrial trunked radio market. According to report the global terrestrial trunked radio market is projected to grow at a CAGR of 12.4% over the forecast period of 2018 - 2024.
The terrestrial trunked radio (TETRA) is set of standers that describe common mobile radio communication infrastructure defined by the European Telecommunications Standardization Institute. The growing use of TETRA network in public safety groups such as police and fire departments, military and defense, utility companies and other voice and data communications services are the factors contributing in the market growth for TETRA network. In addition, the TETRA provides the features as broadcast call, emergency call, high-speed data service, and security among others. This in turn is expected to drive the market growth over the forecast period. However, the high infrastructure cost of TETRA network is considered the restraining factor for the growth of terrestrial trunked radio market. Moreover, digitalization of radio communication devices and developing the use of radio communications in transportation business are projected to create numerous opportunities in this market.
The report on global terrestrial trunked radio market covers segments such as device type, component and application. The device type segments include portable and vehicular. On the basis of component the global terrestrial trunked radio market is categorized into software, hardware and services. Furthermore, on the basis of application the terrestrial trunked radio market is segmented as aviation, public safety, transportation & logistics, oil & gas and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2016 – 2024.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018 - 2024.
The report provides profiles of the companies in the global terrestrial trunked radio market such as, Damm Cellular Systems A/S, Rolta India Limited, Leonardo, Simoco Wireless Solutions, Cobham plc, JVCKENWOOD Corporation, ROHILL Engineering B.V, BiTEA Limited, Hytera Communications Corporation Limited, and Airbus Defence and Space OY.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global terrestrial trunked radio market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of terrestrial trunked radio market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the terrestrial trunked radio market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the terrestrial trunked radio market to understand the present and future trends in this market and formulate their strategies accordingly.
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