The global terrestrial trunked radio (TETRA) market size is
expected to reach USD 6.5 billion by 2025, according to a study conducted by
Grand View Research, Inc., expanding at a CAGR of 17.8% during the forecast
period. Increasing smartphone applications for public safety and growing adoption
of TETRA - approved devices in the defense and transportation sectors are
bolstering the growth of the market. The devices enable users to experience
enhanced audio quality and secure communication.
Growing interest of TETRA - approved equipment provider companies such
as Airbus Defence and Space to expand their business in regions such as the
Middle East is estimated to drive the adoption of TETRA - approved devices in
the region. Additionally, increasing construction activities are boosting market
growth.
Asia Pacific is poised to witness considerable growth, owing to soaring
need for public safety and improving IT infrastructure. Increasing support
offered by various governments to promote the adoption of TETRA is also
providing a fillip to the market.
However, high costs of development and maintenance of TETRA - approved
equipment are projected to hinder the growth of the market. Therefore,
equipment providers are focusing on developing affordable solutions that can be
used in different sectors such as utilities, transportation and others.
Full
research report on terrestrial trunked radio (TETRA) market analysis: https://www.grandviewresearch.com/industry-analysis/terrestrial-trunked-radio-tetra-market
Further key findings from the study suggest:
·
Direct mode operation (DMO) offers radio
frequency (RF) coverage. Therefore, the segment is anticipated to emerge as the
fastest - growing segment over the forecast period.
·
The software segment is likely to expand at
the highest CAGR over the forecast period, owing to burgeoning adoption of IoT
devices
·
The portable devices segment is expected to
be the fastest growing segment over the forecast period, owing benefits offered
such as durability and size compatibility
·
The demand for TETRA - approved equipment
is estimated to increase in the public safety & defense segment owing to
benefits such as end - to - end data encryption.
·
Asia Pacific is poised to be the fastest
growing region over the forecast period due to burgeoning adoption of TETRA -
approved equipment by governments in the region.
·
Prominent industry participants include
Thales Group; Airbus Defence and Space oy; JVCKENWOOD Corporation; and Motorola
Solutions, Inc.
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of this category by Grand View Research at: https://www.grandviewresearch.com/industry/technology
Grand View Research has segmented the global TETRA market based on modes
of operations, components, devices, applications, and regions:
TETRA Modes of
Operation Outlook (Revenue, USD Million, 2014 - 2025)
·
Trunked Mode Operation (TMO)
·
Direct Mode Operation (DMO)
TETRA Component
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hardware
·
Software
TETRA Device
Outlook (Revenue, USD Million, 2014 - 2025)
·
Portable
·
Vehicular
TETRA Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Transportation & Logistics
·
Public Safety & Government
·
Utilities
·
Defense
·
Commercial & Industry
·
Others
TETRA Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o U.K.
o Germany
·
Asia Pacific
o China
o Japan
·
RoW
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-terrestrial-trunked-radio-tetra-market
https://www.grandviewresearch.com/press-release/global-terrestrial-trunked-radio-tetra-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
