Terrestrial Trunked Radio (TETRA) Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2708
Terrestrial Trunked Radio Market size is set to witness substantial growth from 2021 to 2027 on account of the growing penetration across public safety groups, military applications, and government agencies. The increasing need for effective data communication as well as authentication and encryption will positively add to the market growth.
The rising adoption of digital devices has led to the increased requirement for wireless communication networks. Furthermore, the surge in the demand for radio systems across transportation along with the increasing technological advancements will boost the growth prospects for the industry.
In terms of products, segmented into portable and vehicular devices. The demand for portable devices is likely to rise owing to their extensive acceptance in some of the globally largest networks. The increasing requirement for authentication functions, clarity of voice communications, as well as emergency calls, will act as positive determinants for the market expansion.
Based on components, the software segment is expected to gain traction between 2021 and 2027 led by the provision of several services and their upgrades for enhanced system usage. For instance, Tetra Enhanced Data Service (TEDS) is a high-speed data service and wideband solution that uses different RF channel bandwidths as well as data rates to offer flexible use of PMR frequency bands. The growing preference for image transmission is another significant contributor to the industry.
Regionally, the Asia Pacific market will attain remarkable proceeds with the presence of prominent industrial and advanced rail transportation sectors in the region. The increasing government support to offer improved communication across most developing countries will further drive the market progression.
Rolta India Limited, JVC Kenwood Corporation, Thales Group, BiTEA Limited, DAMM Cellular Systems A/S, Airbus Defence and Space OY, Simoco Group, Rohill Engineering B.V., and Sepura PLC (Hytera Communications) are few major participants in the market.
These firms are actively involved in taking up marketing and growth strategies such as acquisitions, partnerships, as well as investments and are largely focused on innovations for new product launches for their business portfolio expansion and increased global presence.
For instance, in December 2020, Motorola, partnered with Energa-Operator, a Polish utility firm, to offer its advanced radio communications system, including the Dubbed terrestrial trunked radio. The partnership is aimed at ensuring a consistent supply of power in Poland.
In another instance, Hytera Communications Corporation Ltd., in November 2020, introduced ACCESSNET®-T IP SMART, its brand-new TETRA partner product. This novel solution offers ease of use, efficient communication, maximum scalability, and reliable radio coverage.
The COVID-19 crisis and its influence on the TETRA market trends
The ongoing coronavirus pandemic brought multiple shifts in business conditions and substantially triggered the global economic landscape. The severe authorization of the lockdown and containment drives contributed to major social and lifestyle changes along with trade restrictions. Although the TETRA industry experienced substantial hurdles across its industrial applications, it saw tremendous demand across medical services and public safety in supporting the frontline workers.
This trend has paved a platform for industry players for coming up with newer products amidst the outbreak. For instance, the MXP600 introduced by Motorola also caters to the needs of public safety personnel in the long run.
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