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What Will the Digital Mobile Radio Industry Market Size Be by 2025?
The scale of the digital mobile radio market has experienced significant expansion over recent years. The projected growth shows an increase from $7.04 billion in 2024 to $7.94 billion in 2025, achieving a compound annual growth rate (CAGR) of 12.9%. This growth during the previously recorded period could be due to escalating investments by manufacturers to implement advanced mechanisms in products, compact device designs with enhanced capacities, a burgeoning demand for digital mobile radio devices, amplified use of digital mobile radio technology, as well as a widening adoption of digital mobile radio.
What’s the Long-Term Growth Forecast for the Digital Mobile Radio Market Size Through 2029?
The digital mobile radio market is anticipated to witness swift expansion in the impending years, potentially reaching a value of $12.73 billion by 2029, expanding at a CAGR of 12.5%. The factors contributing to this predicted growth in the forecast period include an increased occurrence of natural disasters, enhanced importance of effective critical communication functions for public safety, a rise in demand for digital mobile radio systems in developing countries, the growing necessity for efficient critical communication amidst operations, and an escalation in cases of crime, terrorism and natural disasters. Trends projected for the forecast period encompass the unveiling of new technologies, the progression of communication apparatus, the escalating acceptance of DMR radios, increased demand for augmented efficiency in radio communication systems and the amalgamation of DMR systems with IoT devices.
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What Are the Key Growth Drivers Fueling the Digital Mobile Radio Market Expansion?
The escalating emphasis on safety and security in workplaces is likely to spur the expansion of the digital mobile radio market in the future. The heightened attention to workplace safety and security stems from a rising consciousness about the significance of offering workers a safe and secure working environment, fueled by legal mandates and the motivation to safeguard employees from harm. Digital mobile radio (DMR) contributes to workplace safety and security by offering instant communication, location tracking, emergency features, group communication, and integration with other safety systems, thereby enhancing the overarching safety and security for staff members. For example, according to data from the Bureau of Labor Statistics, a US government agency, in 2022, there was documentation of 5,486 fatal work injuries in US workplaces, marking a 5.7-% augmentation from the 5,190 cases recorded in 2021. Hence, the burgeoning emphasis on workplace safety and security is stimulating the growth of the digital mobile radio market.
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What Are the Key Trends Driving Digital Mobile Radio Market Growth?
Numerous dominant firms within the digital mobile radio sector are focusing their efforts on creating multi-protocol mobile radios like the NX-1700(VHF) and 1800(UHF) mobile radios to enable interaction and communication across a variety of radio systems and networks. The recently introduced Kenwood NX-1700(VHF) and 1800(UHF) are an innovative set of two-way communication tools capable of functioning in numerous modes, such as Analog FM, NXDN conventional, NXDN Type-D trunking, and DMR Tier II conventional. For instance, the JVCKenwood Corporation, a renowned electronics organization from Japan, introduced the Kenwood NX-1700 (VHF) and NX-1800 (UHF) mobile radios in June 2022. These radios possess a multitude of functioning modes and are therefore well-equipped to meet a variety of communication needs. Users benefit from their custom emergency profiles as they provide a swift activation of emergency services, thereby ensuring quick reactions during emergencies. In conclusion, the Kenwood NX-1700(VHF) and 1800(UHF) mobile radios offer an inclusive digital mobile radio solution fitting to the diverse communication requirements of users across an array of industries and operational circumstances.
How Is the Digital Mobile Radio Market Segmented?
The digital mobile radio market covered in this report is segmented –
1) By Product Type: Hand Portable, In-Vehicle
2) By Tier: Tier 1 (Unlicensed), Tier 2 (Conventional), Tier 3 (Trunked)
3) By Frequency: 25 to 174 MHz, 200 to 512 MHz, More Than 700 MHz
4) By Industry Vertical: Commercial, Defense And Public Safety, Mining, Oil And Gas, Transportation, Other Industry Verticals
Subsegments:
1) By Hand Portable: Analog Hand Portable Radios, Digital Hand Portable Radios, Tetra Handheld Radios, Dmr (Digital Mobile Radio) Handheld Radios, P25 Handheld Radios, Lte Handheld Radios, Rugged Handheld Radios, Intrinsically Safe Handheld Radios
2) By In-Vehicle: Analog In-Vehicle Radios, Digital In-Vehicle Radios, Tetra In-Vehicle Radios, Dmr (Digital Mobile Radio) In-Vehicle Radios, P25 In-Vehicle Radios, Lte In-Vehicle Radios, Mobile Base Station Radios, Heavy Duty In-Vehicle Radios, Integrated Communication Systems For Vehicles
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Which Companies Are Leading the Charge in Digital Mobile Radio Market Innovation?
Major companies operating in the digital mobile radio market are Raytheon Company, Thales Group, L3Harris Technologies Inc., Motorola Solutions Inc., Leonardo S.p.A, JVCKENWOOD Corporation, Sercomm Corporation, Talent Technology Services Limited, Flatworld Solutions Pvt. Ltd., Hytera Communications Corporation Ltd., Marcus Corporation (MCS), Sepura Limited, Telo Systems Limited, BK Technologies, Jotron AS, ICOM Inc., Simoco Wireless Solutions Limited, Midland Radio Corporation, Radiodata GmbH, Comita Group, Sigtech Wireless Technologies, Rolta Incorporated, Mobicomm Limited, Alinco Inc., Tait Ltd., Mercury Systems Inc., Beijing Jiaxun Feihong Electrical Co., Ltd., Catalyst Communications Technologies, Ritron Inc., Kenwood Communications
Which Regions Are Leading the Global Digital Mobile Radio Market in Revenue?
North America was the largest region in the digital mobile radio market in 2024. The regions covered in the digital mobile radio market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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