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Walkie Talkie Market Trends

ID: MRFR//2961-CR | 146 Pages | Author: Aarti Dhapte| November 2020

Global Walkie Talkie Market Overview:

Walkie Talkie Market Size was valued at USD 4.1 Billion in 2023. The Walkie Talkie industry is projected to grow from USD 4.5 Billion in 2024 to USD 12.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.30% during the forecast period (2024 - 2032).Industrial and commercial applications, emergency and public safety, advent of digital walkie talkies, increased outdoor activities and adventure sports, military and defense applications, technological advancements, cost-effectiveness, improved battery life, growing demand in developing regions, diy and family use, are the key market drivers enhancing the market growth.

Global Walkie Talkie Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Walkie Talkie Market Trends

  • Emergency and Public Safety is driving the market growth

The development and innovation of the walkie-talkie market have been significantly shaped and accelerated by emergency and public safety organizations. These enterprises' particular needs and difficulties have fueled the demand for dependable, prompt, and secure communication solutions, making walkie-talkies an essential part of their daily operations.

The primary means of communication for emergency responders, such as police, fire departments, emergency medical services (EMS), and disaster relief agencies, are walkie-talkies. Real-time, flawless communication can literally mean the difference between life and death in emergency situations where time is of the importance. Walkie talkies give the team a dedicated channel for instant communication, facilitating speedy coordination, the transmission of important information, and effective resource management. The advantage of walkie talkies for public safety is that they may function in places with spotty or nonexistent cellular network connectivity. Walkie talkies offer a dependable and independent communication solution in distant or disaster-stricken areas where traditional communication infrastructure may be affected. Their importance in disaster response and recovery operations has increased as a result of this capability.

Walkie talkies are made to be tough and resilient, resistant to water, severe situations, and extreme temperatures. Because of their durability, they are ideal for usage in situations where responders frequently find themselves operating in difficult circumstances, such as crises, search-and-rescue missions, and disaster relief operations. Emergency professionals have confidence in them because of their durability, which guarantees that communication is not stopped in urgent circumstances. Additionally, walkie talkies have capabilities designed specifically for the need of emergency services. The safety of first responders in dangerous situations is improved by features like emergency alert buttons, man-down detection systems, and GPS tracking. For instance, the man-down detection tool automatically sends out an alarm if the user is immobile for a lengthy time, indicating a possible injury or incapacitating condition.

Another important element driving the adoption of walkie talkies in public safety is interoperability. When there are widespread emergencies or natural disasters, various agencies and departments frequently need to work together. Walkie talkies that follow established communication protocols and are simple to integrate into current systems allow for smooth communication between various agencies, enhancing coordination of the overall response. When handling private information or coordinating tactical reactions, emergency operations must prioritize security and privacy. To address these issues, walkie talkie makers have built encryption and secure communication protocols into their products, protecting sensitive communications from illegal access and eavesdropping.

The use of walkie talkies in the field of public safety has been expedited by developments in digital walkie talkies. Compared to conventional analog models, digital technology provides better speech clarity, less background noise, and a wider service area. Additionally, text messaging capabilities, which provide covert communication when voice transmission might not be acceptable or safe, are made possible by digital walkie talkies. The market expansion for walkie talkies in emergency and public safety has also been fueled by government initiatives and legislation. There is a constant need for dependable communication tools like walkie talkies since regulations in many nations require public safety agencies to maintain dedicated communication channels for their operations. Thus, driving the Walkie Talkie market revenue.

Walkie Talkie Market Segment Insights:

Walkie Talkie Type Insights

The Walkie Talkie Market segmentation, based on type, includes Analog and Digital. The analog segment dominated the market in 2022 because they were typically less expensive than their digital equivalents, analog walkie talkies were a popular option for companies and organizations searching for economical communication solutions.

Figure 1: Walkie Talkie Market, by Type, 2022 & 2032 (USD Billion)

Walkie Talkie Market, by Type, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Walkie Talkie Distribution channel Insights

The Walkie Talkie Market segmentation, based on Ownership, includes licensed and License-Free. The licensed category generated the most income in 2022. It is more difficult for unauthorized users to access or eavesdrop on conversations when using licensed frequencies, which add an extra degree of security. In sectors like public safety, defense, and security services, this level of security is essential.

Walkie Talkie End User Insights

The Walkie Talkie Market segmentation, based on End User, includes Consumer/Personal Use, Enterprises & Commercial, Aerospace & Defense, and Law Enforcement & Security. The enterprises & commercial category generated the most income in 2022. With the instantaneous and real-time communication offered by walkie talkies, decisions may be made more quickly and quickly adjusted to changing situations. This is especially important in fields that demand prompt cooperation and swift action.

Walkie Talkie Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Walkie Talkie Market dominated this market in 2022 (45.80%) because government investment on security-related equipment like walkie talkies is increasing, which in turn fuels demand for walkie talkies in this region. Further, the U.S. Walkie Talkie market held the largest market share, and the Canada Walkie Talkie market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Walkie Talkie Market SHARE BY REGION 2022 (USD Billion)

Walkie Talkie Market SHARE BY REGION 2022

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Walkie Talkie market accounts for the second-largest market share Manufacturing, construction, logistics, and transportation are just a few of the numerous businesses in Europe that heavily rely on walkie-talkies to facilitate effective and prompt teamwork. The use of walkie talkies significantly improved these industries' production, safety, and coordination. Further, the German Walkie Talkie market held the largest market share, and the UK Walkie Talkie market was the fastest growing market in the European region

The Asia-Pacific Walkie Talkie Market is expected to grow at the fastest CAGR from 2024 to 2032. As technology advanced, digital walkie-talkies became more and more common in the area. Digital models provided users and other industries with improved speech clarity, better coverage, and extra functions. Moreover, China’s Walkie Talkie market held the largest market share, and the Indian Walkie Talkie market was the fastest growing market in the Asia-Pacific region.

Walkie Talkie Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Walkie Talkie market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Walkie Talkie industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Walkie Talkie industry to benefit clients and increase the market sector. In recent years, the Walkie Talkie industry has offered some of the most significant advantages to medicine. Major players in the Walkie Talkie market, including Midland Radio Mossy Oak, Hytera Communications Corporation Limited, YAESU, Wintec Co., Ltd, Uniden Holdings Corporation, Shenzhen HQT Science and Technology, Kirisun Communications, TAIT Communications, ICOM Inc, JVCKENWOOD Corporation, Cobra Electronics, Garmin Ltd, Motorola Solutions and others, are attempting to increase market demand by investing in research and development operations.

Professional mobile radio communication equipment is designed and produced by Hytera Communications Corporation Ltd (Hytera). The business offers satellite communications, body worn cameras, command and dispatch, emergency response, digital radio and trunking systems, LTE-broadband and smart radio, 4G/5G systems, antenna subsystems, and smart accessories. Government, public security, utilities, transit, businesses, and enterprises can all benefit from Hytera's specialized communication solutions. Additionally, it offers support and service goods. The organization conducts business in the US, Canada, Hong Kong, Brazil, Uzbekistan, the UAE, Korea, Malaysia, Jakarta, Thailand, Colombia, Mexico, and Turkey in addition to the UK, Germany, Australia, and the US. The headquarters of Hytera are in Shenzhen, Guangdong, China.

Global positioning system (GPS)-enabled hand-held, portable, and fixed-mount equipment are designed, developed, manufactured, and marketed by Garmin Ltd. For the automotive/mobile, outdoor, fitness, maritime, and general aviation segments, the business also provides navigation, communications, and information devices. Quickdraw, ECHOMAP, inReach, EmpirBus, Navionics, Montana, Rino, Fusion, Force, Instinct, Garmin Connect, Connect IQ, and Vivofit are some of the brands under which it sells products. Through a network of independent dealers, independent retailers, distributors, installation and repair businesses, and original equipment manufacturers (OEMs), Garmin offers GPS receivers and accessories to retail establishments as well as aviation products to aviation dealers and aircraft manufacturers. Africa, the Middle East, Europe, Asia-Pacific, and North America are all regions where the organization conducts business. The headquarters of Garmin are in Schaffhausen, Switzerland.

Key Companies in the Walkie Talkie market include

  • Midland Radio Mossy Oak

  • Hytera Communications Corporation Limited

  • YAESU, Wintec Co., Ltd

  • Uniden Holdings Corporation

  • Shenzhen HQT Science and Technology

  • Kirisun Communications

  • TAIT Communications

  • ICOM Inc

  • JVCKENWOOD Corporation

  • Cobra Electronics

  • Garmin Ltd

  • Motorola Solutions

Walkie Talkie Industry Developments

January 2024: Santa Monica-based AI startup Rabbit introduced r1 during CES 2024. This is an artificial intelligence device that is handheld and works like a walkie-talkie with camera functionality. The main idea behind the r1 is that it does everything any app can do without requiring a smartphone. All users have to do is press the button on the side of the AI device, talk to the card-sized walkie-talkie about their request, and wait for the machine to do it. Simply put, r1 wants an app-free online experience by putting everything an app does into one portable touchscreen. There are primarily two things that power Rabbit’s r1: its in-house OS, named rabbit OS, and Large Action Model (LAM), known as its system designed for making AI see and perform apps the same as humans do, like buying items and completing purchases.

Microsoft added a walkie-talkie feature to Teams in July 2020 — a new high-water mark in its effort to sell the collaboration app to frontline workers, such as retail sales associates, plumbers, and nurses who don’t sit at desks all day. To capture these kinds of users, Microsoft could significantly expand its business collaboration software if it convinces companies to license Teams for them. The tech giant has been trying for years, with varying success, to make Teams more appealing for frontline workers who rarely use email or chat apps but need tools for communicating across time zones or taking shift notes when other employees aren't around. Several hardware vendors have also integrated products with the service.

Xiaomi’s ecological chain company BEEBEST — which is known for its wide range of walkie-talkies, including the impressive smart walkie-talkie that adopts a feature phone design launched in 2019 — has now released BEEBEST A308 Walkie-Talkie in June 2021. It is currently available on sale at Jingdong Mall for only 349 yuan ($54). BEEBEST A308 Walkie-Talkie uses an ultra-thin lightweight design, which differentiates it from traditional walkie-talkies. It weighs only 137g and has a thickness of 16mm. Additionally, the body is designed for users to hold comfortably.

January 2022: Microsoft made the Microsoft Teams Walkie-Talkie feature available to all Android and iOS users.

January 2022: The noise-cancelling walkie-talkie radio, which features DSP chips and was released by Kickstarter, one of the top businesses in the market, creates a digital reproduction of the noise before it reaches the receiver. As a result, it is thought that the gadget can communicate more clearly even in the noisiest environments.

Walkie Talkie Market Segmentation:

Walkie Talkie Type Outlook

  • Analog

  • Digital

Walkie Talkie Ownership Outlook

  • Licensed

  • License-Free

Walkie Talkie End User Outlook

  • Consumer/Personal Use

  • Enterprises & Commercial

  • Aerospace & Defense

  • Law Enforcement & Security

Walkie Talkie Regional Outlook

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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