Walkie Talkie Market Competitive Landscape, Growth Factors, Revenue Analysis by 2028

The global walkie talkie market is anticipated to grow at a CAGR of 8.1 % during the forecast period (2022-2028). Walkie Talkie is a small device or radio that works in a limited area to send or receive messages. The major factor attributing to the growth of the global walkie-talkie market is the increasing use of walkie-talkies at airports for the management of aircraft & air traffic due to the increasing number of air travel passengers across the globe. According to yearly worldwide statistics by the International Civil Aviation Organization (ICAO), the number of air passengers carried by scheduled flights was around 4.38 billion across the globe in 2019 representing an increase of around 3.65% from the previous year. Additionally, according to the International Air transport Association (IATA), it is projected that the number of air passengers will get doubled and reach around 8.2 billion by the year 2037. Thus, increasing the use of walkie-talkies at airports during the forecast period.
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The use of walkie-talkies is also increasing in the defense sector by military personnel due to the increasing number of military personnel across the globe. According to the statistics published by the World Population Review in 2022, China, India, The US, North Korea, and Russia are the top countries with the highest active military personnel across the globe. The estimated number of active military personnel includes China with 2.1 million, India with 1.45 million, The US with 1.38 million, North Korea with 1.28 million, and Russia with 1.01 million active military personnel in the year 2022. Thus, contributing to the growth of the global walkie-talkie market over the forecast period.
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Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
oBy Type
oBy Application
Regions Covered-
oNorth America
oEurope
oAsia-Pacific
oRest of the World
Competitive Landscape- Haas Outdoors Inc., Hytera Communications Corp. Ltd., Wintec Co. Ltd., Uniden Holdings Corp., Tait Communications, among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
oDeviation from the pre-COVID-19 forecast
oMost affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Walkie Talkie Market Report by Segment
By Type
Analog
Digital
By Application
Residential
Commercial
By Distribution Channel
Online
Offline
Global Walkie Talkie Market Report by Region
North America
The United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa
A full report Walkie Talkie Market of is available at: https://orionmarketreports.com/walkie-talkie-market/112931/

Key Questions Answered by Walkie Talkie Market Report

What was the Walkie Talkie Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of the Walkie Talkie Market during the forecast period (2022-2028)?
Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer/vendor/players in the Walkie Talkie Market was the market leader in 2022?
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.