TERRESTRIAL TRUNKED RADIO MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Terrestrial Trunked Radio Market, By Technology (Digital, Analog, Professional Mobile Radio System, Trunked Radio System), By Application (Transportation, Utility, Mining, Military and Defense, Commercial, Others), By Component (Infrastructure, Terminals, Software), By Frequency (25-174 MHz, 200-512 MHz, 700 MHz & above), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East

Terrestrial Trunked Radio Market Regional Insights

North America is expected to be the largest market for terrestrial trunked radio during the forecast period, accounting for over 37.0% of the market share in 2023. The growth of the market in North America is attributed to high adoption in military and public safety agencies.
Europe market is expected to be the second-largest market for terrestrial trunked radio, accounting for over 32.1% of the market share in 2023. The growth of the market in is attributed to stringent safety regulations for critical communications.
Asia Pacific market is expected to be the fastest-growing market for terrestrial trunked radio, with a CAGR of over 22.3% during the forecast period. The growth of the market in Asia Pacific is attributed to increasing demand from transportation and utility sectors.