Global Terrestrial Trunked Radio (TETRA) Market Overview:
The Global Terrestrial Trunked Radio (TETRA) market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Global Terrestrial Trunked Radio (TETRA) Market, as well as the reasons for variations in the industry's growth between regions.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
The market for terrestrial truncated radios is anticipated to expand at a CAGR of 16.8% over the forecast period. By 2029, the market for terrestrial trunked radio is anticipated to grow to $15.23 billion USD.
Segmentation:
The primary market segments for TETRA are components, device type, and applications. The market is divided into hardware and software components. By device type, which includes portable and vehicular, the market is divided. TETRAs are used for a variety of purposes, including public safety and business. Geographically, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America make up the Global Terrestrial Trunked Radio (TETRA) Market. During the forecast period, the TETRA market is anticipated to have its largest market in Asia-Pacific. The enormous population base, rising TETRA network adoption, research and development (R&D) activities, and increased emphasis on crucial communications operations in this region are the causes of this rise.
Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
. The biggest players in the Global Terrestrial Trunked Radio (TETRA) market are as follows:
• Motorola Solutions, Inc.
• Airbus Defense and Space Corporation
• Hytera Communications Corporation Limited
• JVCKENWOOD Corporation
• Sepura PLC
• Simoco Group
• DAMM Cellular Systems A/S
• Rohill Engineering B.V.
• Bitea Limited
• Sepura
• Tianjin Communication & Broadcast Group Co., Ltd.
• NPO Angstrem, PAO
• Radlink Communications
• Artevea Digital Limited
• Consort Digital Pvt. Ltd.
• Rolta India Limited
• Tait Communications
• Codan Radio Communications
• Harris Corporation
• Raytheon Company
• Thales Group
Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Global Terrestrial Trunked Radio (TETRA) market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Global Terrestrial Trunked Radio (TETRA) Market:
Due to a break in operations, end-user sectors where Global Terrestrial Trunked Radio (TETRA) are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Global Terrestrial Trunked Radio (TETRA) manufacturers, impacting the growth of the Global Terrestrial Trunked Radio (TETRA) market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Global Terrestrial Trunked Radio (TETRA).
Key Questions Answered in the Global Terrestrial Trunked Radio (TETRA) Market Report are:
- In 2021, which segment owned the greatest share of the Global Terrestrial Trunked Radio (TETRA) market?
- What is the competitive landscape of the Global Terrestrial Trunked Radio (TETRA) market?
- What are the key factors influencing Global Terrestrial Trunked Radio (TETRA) market growth?
- In the Global Terrestrial Trunked Radio (TETRA) market, which region has the most market share?
- What will be the CAGR of the Global Terrestrial Trunked Radio (TETRA) market over the forecast period (2022-2027)?
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The global terrestrial trunked radio (TETRA) market size is expected to reach USD 6.5 billion by 2025, according to a study conducted by Grand View Research, Inc., expanding at a CAGR of 17.8% during the forecast period.
Increasing smartphone applications for public safety and growing adoption of TETRA - approved devices in the defense and transportation sectors are bolstering the growth of the market.
The devices enable users to experience enhanced audio quality and secure communication.Growing interest of TETRA - approved equipment provider companies such as Airbus Defence and Space to expand their business in regions such as the Middle East is estimated to drive the adoption of TETRA - approved devices in the region.
Additionally, increasing construction activities are boosting market growth.Asia Pacific is poised to witness considerable growth, owing to soaring need for public safety and improving IT infrastructure.
Increasing support offered by various governments to promote the adoption of TETRA is also providing a fillip to the market.However, high costs of development and maintenance of TETRA - approved equipment are projected to hinder the growth of the market.
Therefore, equipment providers are focusing on developing affordable solutions that can be used in different sectors such as utilities, transportation and others.Further key findings from the study suggest:Direct mode operation (DMO) offers radio frequency (RF) coverage.
