Digital Mobile Radio (DMR) Market Research Report - Global Forecast till 2030

Impact of COVID-19 on the Digital Mobile Radio (DMR) Market

The impact of COVID-19 on the global economy has been significant and unavoidable. Industries, including retail, commercial aviation, tourism, and hospitality, have been negatively affected by the outbreak, whereas industries like technology, media, and telecom (TMT) have barely been exposed to the effects of social distancing and the nationwide lockdowns. However, there has been a significant impact on digital consumer services such as mobile communications, broadband, TV and video, digital commerce, advertising, and gaming. One positive aspect of the outbreak is that it has accelerated the development of technologies. This scenario is expected to boost the demand for digital mobile radio as it provides high voice quality, functionality, security, and channel efficiency across the communication medium.

The ease of development and manufacturing of custom products and the increasing demand for better connectivity between electronic devices are the major factors contributing to the growth of the global digital radio market. The manufacturing industry has been affected in many ways due to the outbreak of COVID-19. Its effect on the manufacturing industry has been analyzed based on regions, including North America, Europe, Asia-Pacific, and the rest of the world. In Asia-Pacific, China has been affected mostly due to the fall in industrial production coupled with the shutdown of factories. The closure of factories by major manufacturers has resulted in production deficits, which, in turn, has affected the manufacturing sector. The demand for digital radio devices is anticipated to grow in the coming months as numerous countries begin to ease the lockdowns in a phased manner and resume manufacturing. Governments of several countries have granted permission to resume most businesses as long as they comply with the safety guidelines.

Annual US Military Spending (USD Billion)

Impact Analysis