A newly released Terrestrial Trunked Radio (TETRA) Market analysis report by Future Market Insights shows that global sales of Terrestrial Trunked Radio (TETRA) Market in 2016 were held at USD 4.4 Billion. With 11.9% projected growth from 2022 to 2032, the market is expected to reach a valuation of USD 26.8 Billion by 2032.
Terrestrial Trunked Radio Hardware is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 11.8% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Global Terrestrial Trunked Radio (TETRA) Market Size (2022) | USD 8.7 Billion |
| Global Terrestrial Trunked Radio (TETRA) Market Size (2032) | USD 26.8 Billion |
| Global Terrestrial Trunked Radio (TETRA) Market CAGR (2022 to 2032) | 11.9% |
| USA Terrestrial Trunked Radio (TETRA) Market Size (2032) | USD 3 Billion |
| USA Terrestrial Trunked Radio (TETRA) Market CAGR (2022 to 2032) | 12.7% |
| Key Companies Covered | Motorola Solutions Inc; Airbus Defense and Space Corporation; Hytera Communications Corporation Limited; JVCKENWOOD Corporation; Sepura PLC; Simoco Group; DAMM Cellular Systems A/S; Rohill Engineering BV; Bitea Limited; Rolta India Limited |
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As per the Terrestrial Trunked Radio (TETRA) Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2016 to 2021, the market value of the Terrestrial Trunked Radio (TETRA) Market increased at around 12.2% CAGR. With the absolute dollar opportunity of USD 18.1 Billion, the market is projected to reach a valuation of USD 26.8 Billion by 2032.
TETRA is the most widely used land mobile radio standard, with significant spectrum efficiency and exceptional vital communication characteristics such as safety, quick call setup time, voice call functionality, and high bandwidth services on direct mode as well as site trunking.
The market is being bolstered by the increased usage of TETRA-approved devices in the defense and transportation sectors, as well as an increase in smartphone apps for public safety. The gadgets provide customers with improved audio quality as well as secure communication.
TETRA-compliant equipment has sophisticated capabilities such as embedded GPS and navigation to provide users with an accurate target position. It also helps with data storage and sharing with other customers via networking devices, which improves communication.
Motorola Solutions Inc. decided to pay around USD 1.2 Billion for Airwave Technologies Ltd., a United Kingdom communications services company, to help expand its software and services division. The purchase of Airwave allows the company to considerably strengthen its Managed and Support Services operation and regional footprint in the United Kingdom's communication sector.
One of the key factors driving market expansion is the increasing demand for encrypted communication and safety. Furthermore, the proliferation of smartphone applications for community security is increasing the demand for TETRA-compliant equipment.
The United Kingdom Minister of Defence approved a USD 4.4 Billion deal with Babcock for the military and tactical communication information application system, which will produce the next-generation tactical communication information management system.
Viasat Inc., a communications firm, announced that it has raised monthly manufacturing run speeds including over 200 Link 16 Next-Generation Strategic Data Links communicators to fulfill the current demand and upcoming orders from USA and foreign defense clients.
The Battlefield Awareness Targeting System-Embedded Link 16 radios from Viasat are witnessing a spike in interest, as they provide network services and access to a variety of autonomous platforms to view, relay, as well as share situational awareness information for accurate tracking, recognition, and engagement.
High development and maintenance expenses of TETRA-approved equipment, on the other hand, are expected to stifle industry expansion. As a result, equipment manufacturers are concentrating on producing economical solutions that can be utilized in a variety of industries, including utilities, transportation, and others.
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Radio manufacturers are incorporating apps into their equipment as a result of technological improvements and the rising need for private communication and public protection. GIS, fingerprint identification, integrated call attendance, voicemail, alerts, as well as event and calls priority management in crucial situations are some of the capabilities offered by these programs.
The addition of these applications is expected to promote market growth. In 2016, public safety applications dominated the overall terrestrial trunked radio market, followed by commercial applications. Military and defense markets are predicted to expand rapidly from 2016 to 2022.
The increased demand for efficient vital communications in the military and defense, security systems, emergency and health assistance, and fire departments is likely to fuel market expansion.
Thales has launched the newest iteration of its Connectivity Software-Defined Radio family, which will help to accelerate collaborative combat. Next-generation fighting systems will work together.
Thales makes it feasible in the field of radio transmissions with SYNAPS. SYNAPS is now a reality manufacturing began in 2019, and this new generation of Bandwidth Software-Defined Radio has been approved as the national radio transmission solution for several nations in Europe and the Middle East.
Due to a growing need for community security and improved IT infrastructure, Asia Pacific is expected to experience significant development. The sector is also getting a boost from increased government backing for TETRA deployment.
The growing interest in expanding their operations in countries such as the Middle East by TETRA-approved equipment providers such as Airbus Defence and Space is expected to increase the adoption of TETRA-approved devices in the region.
For the Nanjing Municipal Government, Huawei successfully created an eLTE and TETRA interconnection solution, resulting in the LTE-based electronic government bandwidth trunking network. The service was also the first to enable TETRA connections, providing for hybrid groupings of eLTE and TETRA users as well as professional trunking capabilities between them, therefore protecting current investments.
The Nanjing Municipal Government will be able to use the Huawei eLTE solution to create a single information platform for all of its departments by deploying an urgent communication network over the whole municipal region.
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The USA is expected to account for the largest market share of USD 3 Billion by the end of 2032. The market in the USA Is being propelled by the rising usage of specialized devices by organizations including utilities, due to the growing demand for public security and the creation of IT infrastructure.
Motorola Solutions, Inc., for example, released the MTP3000 series of TETRA. Motorola Solutions MTP3000 Series advanced Terrestrial Trunked Radios (TETRA) is significantly robust, with better audio quality, coverage, and connection for mission-critical users that rely on two-way radios for interactions, even in the harshest conditions.
The updated MTP3500 and MTP3550 are stacked with extra capabilities for individuals demanding public safety tasks, such as vibration alerts, end-to-end encrypted, and a man-down sensor, to improve the user's protection and reliability. Superior receiver sensitivities and Class 3L (1.8W) transmit power enables better reach, even at extreme distances and inside structures.
The MTP3000 Series now runs in all TETRA areas, with the UHF variant covering 350 to 470 MHz as well as 800 MHz. Excellent audio means that users may converse effectively even in the noisiest of work settings.
The Hardware segment is forecasted to grow at the highest CAGR of over 11.8% from 2022 to 2032. TETRA hardware provides users with notifications in the event of an emergency. Additionally, they provide durability and man-down capabilities. Over the projected period, these advantages are expected to accelerate the use of this component.
All Fire Service Mobility appliance terminals, handheld portable devices, base radio, as well as other devices shall appear and perform the same function and be uniform across the service to guarantee that user and terminal configurations are to a single national standard.
The Portable segment is forecasted to grow at the highest CAGR of over 11.7% from 2022 to 2032. Because of features such as durability and size compatibility, the portable devices category is predicted to develop at the fastest pace throughout the projection period.
The benefits of portable TETRA-approved devices are recognized including their ability to make an emergency call to consumers and Bluetooth connectivity. These advantages are enticing users to choose this gadget type.
Motorola Solutions launched a portable MXP6000 device. Motorola Solutions, MXP600, is a smart and efficient upcoming Terrestrial Trunked Radio (TETRA) gadget that will satisfy the demands of public safety workers now and in the future.
The compact yet durable radio expands on the established capabilities of mission-critical vocal communication and can work in tandem with other technologies. The MXP600 will enable agencies to expand their mission-critical solutions in a flexible manner.
Thales Group, Airbus Defence and Space oy, JVCKENWOOD Corporation, and Motorola Solutions, Inc are among the prominent market leaders in the global Terrestrial Trunked Radio (TETRA) industry. To obtain a competitive advantage in the sector, these market players are spending on product launches, collaborations, mergers and acquisitions, and expansions.
Similarly, the team at Future Market Insights has been tracking the latest developments connected to firms in Terrestrial Trunked Radio (TETRA) Market, which are featured in the entire study.
The global Terrestrial Trunked Radio (TETRA) Market is worth more than USD 8.7 Billion at present.
The value of the Terrestrial Trunked Radio (TETRA) Market is projected to increase at a CAGR of around 11.9% from 2022 to 2032.
The value of the Terrestrial Trunked Radio (TETRA) Market increased at a CAGR of around 12.2% from 2016 to 2021.
Factors such as the transition of radio communication equipment from analog to digital and the increasing usage of mobile radio communications in the transportation industry are driving the overall market.
The market for Terrestrial Trunked Radio (TETRA) Market in the USA is projected to expand at a CAGR of around 12.7% from 2022 to 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Component 5.1. Hardware 5.2. Software 5.3. Services 6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Device Type 6.1. Portable 6.2. Vehicular 7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Application 7.1. Transportation and Logistics 7.2. Aviation 7.3. Oil and Gas 7.4. Public Safety 7.5. Others 8. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Motorola Solutions, Inc 16.2. Airbus Defense and Space Corporation 16.3. Hytera Communications Corporation Limited 16.4. JVCKENWOOD Corporation 16.5. Sepura PLC 16.6. Simoco Group 16.7. DAMM Cellular Systems A/S 16.8. Rohill Engineering BV 16.9. Bitea Limited 16.10. Rolta India Limited 17. Assumptions & Acronyms Used 18. Research Methodology
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Terrestrial Trunked Radio (TETRA) Market
