Global Walkie Talkie Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Walkie Talkie market:
The latest research study on the global Walkie Talkie market finds that the global Walkie Talkie market reached a value of USD 4085.94 million in 2022. It’s expected that the market will achieve USD 6245.23 million by 2028, exhibiting a CAGR of 7.33% during the forecast period.

Walkie talkie, also known as hand-held transceivers (HT), can be referred to as portable and handheld two-way radio transceivers. The walkie-talkie works on simplex communication and uses the built-in transmitter to send and receive radio signals for communication, so there is no need for a separate network tower. Walkie-talkies are commonly used in environments that require portable radio communications, such as public safety, commercial, outdoor entertainment, and military.

Limitations
Unilateral communication, limited range of distance, low battery life and communication disruption are the main factors that may limit the growth of the global walkie-talkie market during the forecast period.
As labor costs rise and raw material prices fluctuate, manufacturers' costs rise. Therefore, the fragmentation of large markets leads to a decline in the pricing profit margin, which will limit the development of the walkie-talkie market to a certain extent.
As the economy develops, the market continues to introduce new products, such as Internet Protocol Voice, also known as IP Telephony, a method and technology set for delivering voice communications and multimedia sessions over Internet Protocol networks such as the Internet.
In recent years, the emergence of secure mobile communication systems, smart phones and voice over IP (VOIP) has threatened the development of walkie-talkies.
A variety of mature international brands, domestic brands and new entrants have formed a competitive landscape. Key players continue to seek market expansion through continuous strategic mergers and acquisitions, innovation, increasing R&D investment and costeffective product mix. Due to the existence of several major manufacturers, the competition in the walkie-talkie market is fierce.

Region Overview:
North America had the highest growth rate of all regions.

Company Overview:
Motorola Solutions is one of the major players operating in the Walkie Talkie market, holding a share of 50.43% in 2019.

Motorola Solutions, Inc. is an American data communications and telecommunications equipment provider that succeeded Motorola, Inc., following the spinoff of the mobile phone division into Motorola Mobility in 2011. The company is headquartered in Chicago, Illinois.

Hytera is a manufacturer of radio transceivers and radio systems. The enterprise was founded in Shenzhen, China, in 1993 and operates on a global basis.

Segmentation Overview:
Among different product types, Digital Walkie Talkie segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Government and Public Safety segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Walkie Talkie market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Walkie Talkie market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Walkie Talkie and its sub-markets in an intuitive way.

Key Companies in the global Walkie Talkie market covered in Chapter 3:
Quansheng
Fujian BelFone Communications Technology Co., Ltd.
Uniden
Entel Group
Airbus
Hytera
Tait
Motorola Solutions
Icom Inc.
JVCKENWOOD
Cobra Electronics Corporation
Yaesu
Kirisun

In Chapter 4 and Chapter 14.2, on the basis of types, the Walkie Talkie market from 2018 to 2029 is primarily split into:
Digital Walkie Talkie
Analog Walkie Talkie

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Walkie Talkie market from 2018 to 2029 covers:
Industry and Commerce
Utilities
Government and Public Safety
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Walkie Talkie market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029