Terrestrial Trunked Radio (TETRA) Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Terrestrial Trunked Radio (TETRA) Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : May, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Terrestrial Trunked Radio (TETRA) Market: Overview

The rising demand for higher level of encryption for voice to meet the security needs for public safety organizations is boosting the global terrestrial trunked radio (TETRA) market. The ability of terrestrial trunked radios to transfer data quickly as compared to the mobile communications earlier is also boosting their demand. Terrestrial trunked radio is a private, digital mobile radiotechnology, finding its application in medical, transport, security, and fire services. As all communications via terrestrial trunked radio are private and secure, they are increasingly being adopted. As vendors operating in the terrestrial trunked radio market are putting all their efforts towards realizing a secure, reliable, and efficient communication method so as to fulfill the needs of consumers, the market is witnessing a growth.

The demand for TETRA is also forecasted to increase in the coming years on account of the growing penetration of professional mobile radio (PMR) organizations. The growing usage of TETRA networks in the military and defense applications will further the growth of the market. Additionally, the high demand for consumer electronics will also help in furthering the growth of the global terrestrial trunked radio market.

Terrestrial Trunked Radio (TETRA) Market: Key Trends

The rising need for mission critical communication and radio communication devices to shift from analog to digital will create a heightened demand for the deployment of terrestrial trunked radio worldwide. The use of terrestrial trunked radio for supporting the disaster relief and next generation public protection communications infrastructure will also push the market towards growth. In addition to this, the increasing need for efficient communication for home security and also for emergency medical services will ensure a growth of the TETRA market in the coming years. However, the installation cost of TETRA networks is very high and can pose a challenge for the growth of the market.

Terrestrial Trunked Radio (TETRA) Market: Market Potential

The military and defense sector is the largest applications segment for the TETRA market. Portable radios with inbuilt TETRA are catering to the needs of critical communication needs in the military and defense sector, which require seamless operation.

Companies such as Hytera Communications Corporation Limited, have developed PT580H Plus, which has tamper proof protection, making the device more secure. The data stored in the radio is thus protected from security attacks. Such innovations in the industry are likely to boost the adoption rates and thus drive the market for terrestrial trunked radio in the future.

Terrestrial Trunked Radio (TETRA) Market: Regional Outlook

On the basis of geography, the global terrestrial trunked radio market is segmented into Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa. Of these, Asia Pacific is projected to hold key shares in the market on account of the growing acceptance of TETRA networks and a rise in the focus on critical communication operations. North America is expected to be second leading regional segment. Europe is expected to be one of the lucrative markets for TETRA on account of high adoption of these networks for both commercial and public applications. Moreover, the presence of a large number of established vendors is also proving to be beneficial for the growth of the market in the region.

Terrestrial Trunked Radio (TETRA) Market: Competitive Landscape

The key players operating in the Terrestrial Trunked Radio market includes Motorola Solutions, Inc. (The U.S), Simoco Group (U.K), Hytera Communications Corporation Limited (The U.S), Airbus Defense and Space Corporation (France), Bitea Limited (U.K), Rohill Engineering B.V. (Netherlands), Sepura PLC (UK), and Cellular Systems A/S (Denmark).

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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