Allied Market Research published a report, titled, “Terrestrial Trunked Radio (TETRA) System Market by Component (Hardware and Software), Modes of Operation (Trunked Mode Operation (TMO) and Direct Mode Operation (DMO)), and Device (Portable and Vehicular), and End User (Industrial, Transportation, Utilities, Military & Defense, Government & Public Safety, Commercial, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global Terrestrial Trunked Radio (TETRA) system industry was estimated at $2.14 billion in 2020, and is anticipated to hit $8.57 billion by 2030, registering a CAGR of 15.24% from 2021 to 2030.
Drivers, Restraints, and Opportunities-
Rise in demand for efficient critical communication, developments in advanced communication system in the Industrial sector, and emergence of high-end technological advancements drive the growth of the global Terrestrial Trunked Radio (TETRA) system industry. On the other hand, high investment and maintenance cost restrains the growth to some extent. However, increase in use of mobile radio in the transportation sector is expected to pave the way for lucrative opportunities in the industry.
Download Sample Report (Get Full Insights in PDF – 250+ Pages) @ https://www.alliedmarketresearch.com/request-sample/15917
Covid-19 Scenario-
- Electronics manufacturing hubs across the world were temporarily shut down to curb the spread of Covid-19 among individuals, especially during the initial phase. This impacted the supply chain of the terrestrial trunked radio (TETRA) system market negatively by creating shortage of materials, components, and finished goods.
- However, the market is anticipated to revive soon at a slow & steady pace.
The Hardware Segment to Dominate by 2030-
Based on component, the hardware segment held the major share in 2020, accounting for around two-thirds of the global Terrestrial Trunked Radio (TETRA) system market. This is attributed to the fact that ETRA hardware offers several advantages such as they provide alerts to users in case of an emergency and offer durability and man-down functionalities. At the same time, the software segment would register the fastest CAGR of 17.2% from 2021 to 2030. Implementation of software application for text messaging, monitoring radio, and accessing voice & data information is expected to heighten the demand for software component in the terrestrial trunked radio (TETRA) system market, thereby driving the segment growth.
Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/15917
The Portable Segment to Maintain the Dominant Share-
Based on device, the portable segment contributed to more than two-thirds of the global Terrestrial Trunked Radio (TETRA) system market revenue in 2020, and is projected to lead the trail throughout the forecast period. This is because portable radios are handy and easy to use. However, the vehicular segment is projected to grow at the fastest CAGR of 16.5% from 2021 to 2030. Vehicle radios promise maximum mobility and are available in the forms of base station systems & hand-held systems, which provide instantaneous one-to-one or one-to-many communication facility. These factors propel the growth of the segment.
Asia-Pacific, followed by Europe and North America, Garnered the Highest Share in 2020-
Based on region, the market across Asia-Pacific, followed by Europe and North America, contributed to the highest share in 2020, accounting for around one-third of the global Terrestrial Trunked Radio (TETRA) system market, and is estimated to continue its dominant share in terms of revenue by 2030. The same region is also expected to showcase the fastest CAGR of 18.5% during the forecast period. This is due to high adoption of TETRA technologies in several industries in the Asia-Pacific region.
Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @ https://www.alliedmarketresearch.com/request-for-customization/15917?reqfor=covid
Key Players in the Industry-
- HYTERA Communications Corporation Limited
- SIMOCO Group
- BITEA Limited
- ROHILL Engineering B.V.
- DAMM Cellular Systems A/S
- SEPURA PLC
- Airbus Defense and Space OY
- Motorola Solutions, Inc.
- ROLTA India Limited
- JVCKENWOOD Corporation
Related Reports:
Radio Headset Market: https://www.alliedmarketresearch.com/radio-headset-market-A16573
Terrestrial Trunked Radio (TETRA) System Market : https://www.alliedmarketresearch.com/terrestrial-trunked-radio-tetra-system-market-A15548
Radio Modem Market: https://www.alliedmarketresearch.com/radio-modem-market-A14640
Terrain Robot Market : https://www.alliedmarketresearch.com/terrain-robot-market-A13760
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com