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What Is the Growth Potential of the Digital Mobile Radio Market in the Next Decade?
The digital mobile radio market size has grown rapidly in recent years. It will grow from $7.04 billion in 2024 to $7.84 billion in 2025 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to increasing investments of manufacturers in incorporating advanced mechanism in devices, increased capacities in a compact mechanism, increasing demand for digital mobile radio devices, increasing utilization of digital mobile radio technology, increased adoption of digital mobile radio.
The digital mobile radio market size is expected to see rapid growth in the next few years. It will grow to $11.78 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to rising incidences of natural disaster, increase in significance of efficient critical communication operations for public safety, increasing demand of digital mobile radio systems among emerging economies, rising importance of efficient critical communication in operations, rise in instances of crime, terrorism, and natural disasters. Major trends in the forecast period include introduction of new technologies, advanced communication equipment, growing adoption of DMR radios, demand for enhanced efficiency for radio communication system, and the integration of DMR systems with IoT devices.
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What Are the Key Growth Factors Supporting the Digital Mobile Radio Market Expansion?
The growing focus on workplace safety and security is expected to propel the growth of the digital mobile radio market going forward. The focus on workplace safety and security is increasing due to growing awareness of the importance of providing employees a safe and secure work environment, driven by regulatory requirements and a desire to protect workers from harm. Digital mobile radio (DMR) helps in workplace safety and security by providing instant communication, location tracking, emergency features, group communication, and integration with other safety systems, enhancing overall safety and security for employees. For instance, in 2022, according to the Bureau of Labor Statistics, a US-based government agency, there were 5,486 fatal work injuries recorded in the United States at the workplace, a 5.7-% increase from the 5,190 recorded in 2021. Therefore, the growing focus on workplace safety and security is driving the growth of the digital mobile radio market.
Which Segments Are Attracting Maximum Investment in the Digital Mobile Radio Market?
The digital mobile radiomarket covered in this report is segmented –
1) By Product Type: Hand Portable, In-Vehicle
2) By Tier: Tier 1 (Unlicensed), Tier 2 (Conventional), Tier 3 (Trunked)
3) By Frequency: 25 to 174 MHz, 200 to 512 MHz, More Than 700 MHz
4) By Industry Vertical: Commercial, Defense And Public Safety, Mining, Oil And Gas, Transportation, Other Industry Verticals
Subsegments:
1) By Hand Portable: Analog Hand Portable Radios, Digital Hand Portable Radios, Tetra Handheld Radios, Dmr (Digital Mobile Radio) Handheld Radios, P25 Handheld Radios, Lte Handheld Radios, Rugged Handheld Radios, Intrinsically Safe Handheld Radios
2) By In-Vehicle: Analog In-Vehicle Radios, Digital In-Vehicle Radios, Tetra In-Vehicle Radios, Dmr (Digital Mobile Radio) In-Vehicle Radios, P25 In-Vehicle Radios, Lte In-Vehicle Radios, Mobile Base Station Radios, Heavy Duty In-Vehicle Radios, Integrated Communication Systems For Vehicles
What Are the Significant Trends in the Digital Mobile Radio Market Across Regions?
Major companies operating in the digital mobile radio market are developing multi-protocol mobile radios such as NX-1700(VHF) and 1800(UHF) mobile radios to connect and communicate across multiple radio systems and networks. The Kenwood NX-1700(VHF) and 1800(UHF) mobile radios are a new line of advanced two-way communication devices designed to operate in multiple modes, including Analog FM, NXDN conventional, NXDN Type-D trunking, and DMR Tier II conventional. For instance, in June 2022, JVCKenwood Corporation, a Japan-based electronics company, launched Kenwood NX-1700 (VHF) and NX-1800 (UHF) mobile radios. These radios have a range of operating modes, making them suitable for various communication demands. The radios come with custom emergency profiles, allowing users to activate emergency functions swiftly and ensuring rapid response to critical situations. The Kenwood NX-1700(VHF) and 1800(UHF) mobile radios provide a comprehensive digital mobile radio solution that caters to the diverse communication needs of users across various industries and operational scenarios.
Which Major Companies Are Operating in the Digital Mobile Radio Market?
Major companies operating in the digital mobile radio market are Raytheon Company, Thales Group, L3Harris Technologies Inc., Motorola Solutions Inc., Leonardo S.p.A, JVCKENWOOD Corporation, Sercomm Corporation, Talent Technology Services Limited, Flatworld Solutions Pvt. Ltd., Hytera Communications Corporation Ltd., Marcus Corporation (MCS), Sepura Limited, Telo Systems Limited, BK Technologies, Jotron AS, ICOM Inc., Simoco Wireless Solutions Limited, Midland Radio Corporation, Radiodata GmbH, Comita Group, Sigtech Wireless Technologies, Rolta Incorporated, Mobicomm Limited, Alinco Inc., Tait Ltd., Mercury Systems Inc., Beijing Jiaxun Feihong Electrical Co., Ltd., Catalyst Communications Technologies, Ritron Inc., Kenwood Communications
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How Is Regional Performance Expected to Affect Digital Mobile Radio Market Growth?
North America was the largest region in the digital mobile radio market in 2024. The regions covered in the digital mobile radio market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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