by Terrestrial Trunked Radio (TETRA) is a professional mobile radio standard and communication technology designed specifically for use by government agencies, emergency services, transport, energy utilities and other mission critical organizations. TETRA enables real-time voice and data communication and ensures security, reliability and seamless roaming facilities for mobile workforce. The demand for TETRA systems have grown rapidly in recent times due to increasing need for robust and reliable digital communication in public safety and commercial mobile radio network domains.
The global Terrestrial Trunked Radio Market is estimated to be valued at US$ 9.2 billion in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
With rapid technological advancements, TETRA systems are evolving towards multimedia communication capabilities with integration of broadband data, video and location services. Major players are launching next generation terrestrial trunked networks with LTE and 5G capabilities for wider coverage, increased capacity and support for multimedia applications. This is expected to significantly boost the adoption of TETRA technology among public safety and commercial organizations over the forecast period.
Segment Analysis
The global terrestrial trunked radio market is dominated by the public safety segment. This segment accounts for over 45% of the total market share owing to heavy investments made in communication infrastructure for emergency services by governments worldwide. Growing demand for reliable and secured communication networks from police, firefighting, and emergency medical services is the major factor augmenting the growth of this segment.
Key Takeaways
Regional analysis
The terrestrial trunked radio market in Asia Pacific is expected to witness the fastest growth during the forecast period. Countries such as India, China, Australia, and Japan are increasingly investing in public safety communication networks which is positively influencing the sales of terrestrial trunked radios in the region. Rapid urbanization and rising spending capacity of consumers are some other factors propelling the regional market growth.
Key players
Key players operating in the terrestrial trunked radio market are Motorola Solutions Inc., Hytera Communications Corporation Limited, Sepura, Simoco, Damm Cellular Systems A/S, Rohill Engineering B.V., Bitea Limited, and Rolta India Limited. Motorola Solutions Inc. holds the largest market share owing to its diversified product portfolio and wide global presence. Hytera Communications Corporation Limited is another prominent player focusing on strengthening its market position through continuous product innovations.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
