July 22, 2024
Terrestrial Trunked Radio Market

Global Terrestrial Trunked Radio Market is Estimated to Propelled By Increasing Demand From Public Safety Organizations

Terrestrial Trunked Radio systems, commonly known as TETRA, are professional mobile radio systems used worldwide for coordination and communications in public safety, transportation, critical infrastructure, government, and military applications. They offer advantages like enabling communication across different networks and provide enhanced features like group calls, direct mode operation, and integrated data capability.

The global Terrestrial Trunked Radio Market is estimated to be valued at US$ 5.25 Billion in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing demand for TETRA systems from public safety organizations is one of the key factors driving the terrestrial trunked radio market growth. Public safety organizations like police, fire & rescue, and ambulance services widely use TETRA technology for instant communication as it ensures mission critical push-to-talk (PTT) functionality. It allows setting up private mobile radio networks for organizations needing reliable and secure communication. The technology gains significance as public safety agencies deal with emergencies requiring seamless coordination. Moreover, features like PTT over cellular allow public safety crews to communicate over commercial networks when their private TETRA network is unavailable, augmenting the system’s importance.

SWOT Analysis

Strength: Terrestrial Trunked Radio provides enhanced communications for public safety agencies with features like pushing-to-talk. It allows seamless inter-agency communication.

Weakness: High upfront investment requirement for setting up the network infrastructure. Also, existing infrastructure needs to be replaced which requires further spending.

Opportunity: Growing demand for reliable and secure communication networks from public safety and commercial organizations across industries. Emerging technologies like IoT and private LTE networks also generate opportunities.

Threats: Growing popularity of over-the-top communication applications can impact demand. Changes in regulatory policies regarding use of wireless spectrum can disrupt the market.

Key Takeaways

Global Terrestrial Trunked Radio Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2023 is estimated at US$ 5.25 billion and predicted to expand at a robust CAGR of 9.3% till 2030.

Regional analysis – North America currently dominates the market with a share of over 35% in 2023. Stringent regulations regarding use of certified communication networks for public safety agencies drives the territorial trunked radio market in the region. Asia Pacific is anticipated to witness the fastest growth owing to rising smart city projects and increasing spending on public safety infrastructure upgrade in countries like China and India.

Key players – Key players operating in the terrestrial trunked radio market include Motorola Solutions, JVCKENWOOD, Hytera Communications, Sepura, Simoco Wireless Solutions, Tait Communications, Codan Radio Communications, Cisco Systems, Harris Corporation, and PowerTrunk. Major players are focusing on product innovations, developing IoT integrated solutions and partnerships with public safety agencies to strengthen their market position.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it