The Global Terrestrial Trunked Radio (TETRA) System Market Size will Hit $5.1 Billion by 2027, at a CAGR of 16.3%

Terrestrial Trunked Radio (TETRA) System Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Terrestrial Trunked Radio (TETRA) System Market size is expected to reach $5.1 billion by 2027, rising at a market growth of 16.3% CAGR during the forecast period.

The Hardware segment shows high market share in the Global Terrestrial Trunked Radio (TETRA) System Market by Component 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3.2 billion by 2027. The increasing growth of this segment is due to the factor that it allows users to share information in lesser time in comparison to the conventional communication technologies. In addition, through a USB interface on one PC or server, the TETRA Controller enables the simultaneous operation of one to four radio-communication devices. The user has access to data and audio transmissions for communication, recording, and VoiceOverIP.

The Vehicular segment shows high growth rate of 18% during (2021 - 2027). The military and defense sector is one of the most important drivers of TETRA adoption for mission-critical operations. Vehicle radios with world-class TETRA built-in are available to meet the demands of crucial and flawless communications in military and defense, as well as homeland security.

The Trunked Mode Operation (TMO) segment is generating high revenue in the Global Terrestrial Trunked Radio (TETRA) System Market by Modes of Operation 2020, thereby, achieving a market value of $3.0 billion by 2027. The military and defense sector is one of the most important drivers of TETRA adoption for mission-critical operations. Vehicle radios with world-class TETRA built-in are available to meet the demands of crucial and flawless communications in military and defense, as well as homeland security.

The Government & Public Safety segment is showcasing the growth rate of 15.3% during (2021 - 2027). Ambulance, fire, law enforcement, rescue squads, emergency management, and security are mission-vital operations that help safeguard and rescue the general public. To coordinate and facilitate rescue attempts, communication networks must ensure that crucial information is communicated and received quickly. This factor is responsible for the growth of this segment.

The Asia Pacific market dominated the Global Terrestrial Trunked Radio (TETRA) System Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.8 billion by 2027. The Europe market is anticipated to grow at a CAGR of 15.8% during (2021 - 2027). Additionally, The North America market would witness a CAGR of 15.6% during (2021 - 2027).

Full Report: https://www.kbvresearch.com/terrestrial-trunked-radio-system-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of DAMM Cellular Systems A/S, Hytera Communications Corporation Limited, Rohill Engineering B.V., Rolta India Limited, JVCKENWOOD Corporation, Simoco Wireless Solutions, Airbus SE, and Motorola Solutions, Inc.

Global Terrestrial Trunked Radio (TETRA) System Market Segmentation

By Component

• Hardware
• Software

By Device

• Portable
• Vehicular

By Modes of Operation

• Trunked Mode Operation (TMO)
• Direct Mode Operation (DMO)

By End User

• Military & Defense
• Government & Public Safety
• Commercial
• Industrial
• Transportation
• Utilities
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• DAMM Cellular Systems A/S
• Hytera Communications Corporation Limited
• Rohill Engineering B.V.
• Rolta India Limited
• JVCKENWOOD Corporation
• Simoco Wireless Solutions
• Airbus SE
• Motorola Solutions, Inc.

Related Reports:

North America Terrestrial Trunked Radio (TETRA) System Market Size, 2027

• March-2022
• 81 Pages

LAMEA Terrestrial Trunked Radio (TETRA) System Market Size, 2027

• March-2022
• 95 Pages

Europe Terrestrial Trunked Radio (TETRA) System Market Size, 2027

• March-2022
• 94 Pages

Asia Pacific Terrestrial Trunked Radio (TETRA) System Market Size, 2027

• March-2022
• 96 Pages