Terrestrial Trunked Radio (TETRA) Market Anticipates US$ 26.8 Billion Valuation by 2032

The terrestrial trunked radio (TETRA) market was estimated at US$ 4.4 Billion in 2016 and is anticipated to grow at a CAGR of 11.9% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 26.8 Billion.

The growing need for encrypted communication and security is one of the key factors driving the market growth. In addition, the widespread use of smartphone apps for community security is pushing up demand for TETRA-compliant equipment. The advanced features of TETRA-compliant equipment, such as inbuilt GPS and navigation, provide users with an exact target position. It also aids data storage and exchange with other customers via networking devices, enhancing communication.

Gain In-Depth Knowledge with a Report Sample Request https://www.futuremarketinsights.com/reports/sample/rep-gb-15542

Since there is a greater need for effective critical communications in public security applications by integrating the characteristics of mobile cellular phones with rapid data transfer, terrestrial trunked radio technology offers significant benefits to mobile communication. Broadband technology advancements have created a significant requirement for TETRA devices to provide improved penetration and consistent outcomes. The railway industry is upgrading infrastructure with radio-based digital signalling and communications services as technology progresses.

TETRA hardware also provides a variety of benefits, including durability and man-down capability. The portable devices category is expected to grow at the fastest pace over the projection period due to features such as durability and size compatibility. The fast adoption of some devices by businesses such as utilities is fueling the regional market, which is supported by the rising requirement for public security and the expansion of IT infrastructure.

Competitive Landscape:

  • Thales Group,
  • Airbus Defence and Space oy,
  • JVCKENWOOD Corporation, and
  • Motorola Solutions,

Inc. are among the prominent market leaders in the global Terrestrial Trunked Radio (TETRA) industry. To obtain a competitive advantage in the sector, these market players are spending on product launches, collaborations, mergers and acquisitions, and expansions.

Immediate Access: Buy Today for a Comprehensive Report
https://www.futuremarketinsights.com/checkout/15542

The market is fiercely competitive, where key players are increasingly focused on obtaining a competitive advantage. The key companies in the Terrestrial Trunked Radio Market are focused on R&D to produce innovative technological solutions.

· In May 2021, Thales announced the release of the latest version of its Connectivity Software-Defined Radio series, which will aid in the speeding up of collaborative combat.

· In August 2019, Viasat Inc., a global communications company, revealed that monthly production run speeds for over 200 Non-Developmental Items had been increased.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Terrestrial Trunked Radio Market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Terrestrial Trunked Radio Market in terms of Component (Hardware, Software, Services), Device Type (Portable, Vehicular), and Application (Transportation and Logistics, Aviation, Oil and Gas, Public safety, Others) across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Terrestrial Trunked Radio (TETRA) Market Segmentation:

By Component:

  • Hardware
  • Software
  • Services

By Device Type:

  • Portable
  • Vehicular

By Application:

  • Transportation and Logistics
  • Aviation
  • Oil and Gas
  • Public Safety
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these