Industry Outlook and Trend Analysis
The TETRA Market was worth USD 1.32 billion in the year of 2014 and is expected to reach approximately USD 5.52 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 17.21% during the forecast period. The terrestrial trunked radio (TETRA) market is for the most part determined by the developing interest for basic communications all around. The general terrestrial trunked radio market is driven by components, for example, the change of radio communication devices from simple to computerized and developing usage of mobile radio communications in the transportation business. Further, a few governments around the globe are adopting TETRA network for mission fundamental communication needs.
Component Outlook and Trend Analysis
On the basis of component the market is segmented into hardware and software the usage of software application for automatic position messages, accessing voice and data information, remoting radio monitor and text messaging is prompting expanded interest for programming part in the TETRA market.
Device Type Outlook and Trend Analysis
In terms of device type the market is segmented into Portable and vehicular. Portable devices are foreseen to encounter high development in the upcoming years. As portable radios are convenient and simple to make use of, requirement for portable devices by making the use of TETRA technology will support the terrestrial trunked radio market throughout the upcoming years.
Application Outlook and Trend Analysis
On the basis of application the market is segmented into Commercial and Public Safety. Public safety application represented the biggest share of the terrestrial trunked radio market, trailed by commercial application. The market for military and defense is foreseen to develop at a high rate in the upcoming years. The developing requirement for proficient basic communications in military and defense, emergency and medical services, home security and fire department is anticipated to drive the development of this market.
Regional Outlook and Trend Analysis
APAC is anticipated to hold the biggest share of the terrestrial trunked radio market in following years. The tremendous populace base, expanding reception of TETRA systems, research and development exercises, and expanding focus around basic correspondences operations are driving the development of the terrestrial trunked radio market in APAC.
The leading players in the market are Airbus Defense and Space Corporation, Motorola Solutions, Sepura, Hytera, Rohill and Bitea Limited. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The TETRA Market is segmented as follows-
By Device Type:
Military and Defense
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?