According to Future Market Insights’ analysis of the Terrestrial Trunked Radio (TETRA) Market, the market’s global sales in 2016 totaled US$ 4.4 Billion. The market is anticipated to increase by 11.9% between 2022 and 2032, reaching a valuation of US$ 26.8 Bn by that year.
The growing need for encrypted communication and security is one of the key factors driving the market growth. In addition, the widespread use of smartphone apps for community security is pushing up demand for TETRA-compliant equipment. The advanced features of TETRA-compliant equipment, such as inbuilt GPS and navigation, provide users with an exact target position. It also aids data storage and exchange with other customers via networking devices, enhancing communication.
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Since there is a greater need for effective critical communications in public security applications by integrating the characteristics of mobile cellular phones with rapid data transfer, terrestrial trunked radio technology offers significant benefits to mobile communication. Broadband technology advancements have created a significant requirement for TETRA devices to provide improved penetration and consistent outcomes. The railway industry is upgrading infrastructure with radio-based digital signalling and communications services as technology progresses.
TETRA hardware also provides a variety of benefits, including durability and man-down capability. The portable devices category is expected to grow at the fastest pace over the projection period due to features such as durability and size compatibility. The fast adoption of some devices by businesses such as utilities is fueling the regional market, which is supported by the rising requirement for public security and the expansion of IT infrastructure.
Competitive Landscape
The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Terrestrial Trunked Radio Market are focused on R&D to produce innovative technological solutions.
- In May 2021, Thales announced the release of the latest version of its Connectivity Software-Defined Radio series, which will aid in the speeding up of collaborative combat.
- In August 2019, Viasat Inc., a global communications company, revealed that monthly production run speeds for over 200 Non-Developmental Items had been increased.
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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
Market Segments Covered In Terrestrial Trunked Radio (TETRA) Market Analysis
By Component:
- Hardware
- Software
- Services
By Device Type:
- Portable
- Vehicular
By Application:
- Transportation and Logistics
- Aviation
- Oil and Gas
- Public Safety
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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