RADIO TEST SET MARKET ANALYSIS

Market Challenges And Opportunities

Increasing demand of radio test set from military sector and security organization is expected to drive the radio test set market growth

Radios are one of the important part of communications system as they play a vital role during military exercise by helping them to communicate confidential information to other military personnel. Radio communications are the safety net of any security force, and keeping those systems running is critical for mission success. The increasing usage of radios in military sector and other security organizations is expected to boost demand for radio test set over the forecast period. The technological advancements in the radio system and increased competition in radio market has led radio manufacturers to develop new radios equipped with new technology for military sector. For instance, in 2018, Harris Corporation launched advanced new two channel handheld radio specially designed for army called AN/PRC-163 Army Radio. This radio simultaneously delivers voice and data networking to the army personal. Furthermore, radios are adopted by private security organizations, police, fire department, and others. Thus, these radios require radio test set to check for proper functionality, which is expected to drive market growth over the forecast period. However, stringent government regulations such as International Traffic in Arms Regulation (ITAR) for manufacturing and export of radio test set is restraining the market growth.