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Autonomous Mobility is fastest growing segment fueling the growth of Terrestrial Trunked Radio Market

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Niranjan Mardakar
Autonomous Mobility is fastest growing segment fueling the growth of Terrestrial Trunked Radio Market

The global Terrestrial Trunked Radio Market is estimated to be valued at US$ 5.25 Bn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The terrestrial trunked radio market includes trunked land mobile radio systems that allow wireless communications for businesses and organizations. Terrestrial trunked radio commonly uses frequency allocated to commercial land mobile communication and allows sharing communication channels among a large group of users. These radio systems offer advantages such as improved coverage, increased capacity, and enhanced features compared to conventional analog communication systems.

Market key trends:

One of the key trends in the terrestrial trunked radio market is the adoption of vehicle-mounted mobile data terminals. Vehicle-mounted mobile data terminals integrated with terrestrial trunked radio systems allow real-time exchange of data, location information, and connectivity for autonomous and semi-autonomous mobility. These data terminals find widespread adoption in public transportation, emergency services, field services, and logistics for applications such as fleet management, vehicle tracking, transportation communications, and dynamic dispatch. The growing deployment of autonomous and connected vehicles across industries is expected to drive the demand for vehicle-mounted mobile data terminals compatible with terrestrial trunked radio infrastructure over the forecast period.

Segment Analysis

The Global Terrestrial Trunked Radio Market Size is segmented by technology, type, component, vertical, frequency range, and region. The technology segments include analog and digital. The digital segment dominated more than 65% of the market share in 2022. This is because digital terrestrial trunked radio systems offer advantages such as secured communication, flexibility, network scalability and interoperability over analog systems.

Key Takeaways

The global terrestrial trunked radio market is expected to witness high growth, exhibiting CAGR of 9.3% over the forecast period, due to increasing demand for wireless communication systems from public safety organizations and commercial industries.

Regional analysis

Europe accounted for the largest market share in the terrestrial trunked radio market in 2022, followed by North America. This is attributed to the presence of dominant players and early adoption of advanced wireless communication systems across several verticals such as government & defense, public safety, transportation, utilities and commercial industries in countries like the UK, Germany and France.

Key players

Key players operating in the terrestrial trunked radio market are Motorola Solutions, JVCKENWOOD, Hytera Communications, Sepura, Simoco Wireless Solutions, Tait Communications, Codan Radio Communications, Cisco Systems, Harris Corporation, and PowerTrunk. Motorola Solutions holds the largest market share due to its diverse product portfolio and strong geographical presence across the globe.

Read Our More Blogs : https://www.rapidwebwire.com/terrestrial-trunked-radio-market-size-share-analysis-2023-2030/

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