According to a new report, published by KBV research, The Global Terrestrial Trunked Radio Market size is expected to reach $11.89 billion by 2031, rising at a market growth of 14.6% CAGR during the forecast period.
The Trunked Mode Operation (TMO) segment is leading the Global Terrestrial Trunked Radio Market by Operation in 2023; thereby, achieving a market value of $6.4 billion by 2031. TMO systems are highly efficient, enabling users to communicate across a large network with optimized use of frequency resources. This mode of operation is commonly utilized in public safety, transportation, and emergency services, where reliable and clear communication is critical. The ability to dynamically allocate channels and share resources in real-time contributes to the segment’s strong revenue generation, making it the preferred choice for large-scale, mission-critical operations.
The Software segment is anticipating CAGR of 14.3% during (2024 - 2031). The software component includes the applications and systems responsible for managing the network, ensuring efficient communication, and providing features such as encryption, interoperability, and dispatch services. The increasing adoption of software solutions for network management, optimization, and security has contributed to the growth of this segment. As organizations demand more integrated and feature-rich communication systems, the role of advanced software solutions in streamlining operations and improving system performance has become increasingly critical, driving its market share.
The Portable is generating the maximum revenue in the Global Terrestrial Trunked Radio Market by Device in 2023; thereby, achieving a market value of $6.6 billion by 2031. The portability of these devices makes them ideal for a wide range of applications, especially in sectors like public safety, defense, and utilities, where mobile communication is essential. Portable radios are valued for their flexibility, ease of use, and ability to operate in diverse environments. The growing need for rapid, on-the-go communication in critical situations, such as emergency response and field operations, has significantly driven the demand for portable trunked radios, contributing to the segment’s dominance.
The Defense segment obtained a CAGR of 13.5% during (2024 - 2031). The demand for robust, secure, and reliable communication systems in military operations has led to significant investments in trunked radio technology. Defense operations, often conducted in remote or hostile environments, require seamless communication across vast areas. TMO (Trunked Mode Operation) ensures optimal use of available frequencies while providing encrypted communication, making it essential for defense agencies worldwide. The increasing modernization of defense forces and ongoing military operations further contributed to the growth of this segment.
Full Report: https://www.kbvresearch.com/terrestrial-trunked-radio-market/
The North America region dominated the Global Terrestrial Trunked Radio Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4.13 billion by 2031. The Europe region is experiencing a CAGR of 14.2% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 15.2% during (2024 - 2031).
By Operation
By Component
By Application
By Device
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