Press release
Terrestrial Trunked Radio (TETRA) System Market is expected to reach $8.57 billion by 2030 from $2.14 billion in 2020
Terrestrial Trunked Radio (TETRA) System Market by Component (Hardware and Software), Modes of Operation (Trunked Mode Operation (TMO) and Direct Mode Operation (DMO)), and Device (Portable and Vehicular), and End User (Industrial, Transportation, Utilities, Military & Defense, Government & Public Safety, Commercial, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.Terrestrial trunked radio (TETRA) system is a communication standard established by the European Telecommunications Standards Institute (ETSI) to meet the needs of professional mobile radio (PMR), walkie-talkies, and public access mobile radio (PAMR). The TETRA standard has been specifically developed to meet the needs of a variety of traditional PMR user organizations such as public safety, transportation, utilities, government, military, PAMR, commercial, as well as oil & gas industry.
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It has many features for safety and emergency use. Its scalable architecture allows deployment in networks ranging from single-site local area to multiple-site wide area national coverage.
Top Impacting Factors
The global terrestrial trunked radio (TETRA) system market share is anticipated to witness significant growth during the forecast period. Factors such as growth of advance communication in the industrial sectors, technological advancements, and increase in demand for mission critical communication drive the terrestrial trunked radio (TETRA) system market growth. However, high investments and maintenance cost are major restraints in the global market growth. In addition, growing use of mobile radio in the transportation industry is expected to create opportunities for the market.
Therefore, these factors are expected to definitely affect global terrestrial trunked radio (TETRA) system industry during the forecast period.
Competition Analysis
Competitive analysis and profiles of the major terrestrial trunked radio (TETRA) system market players, such as SEPURA PLC, HYTERA Communications Corporation Limited, ROLTA India Limited, BITEA Limited, ROHILL Engineering B.V., Airbus Defense and Space OY, Motorola Solutions, Inc., JVCKENWOOD Corporation, SIMOCO Group, and DAMM Cellular Systems A/S, are focusing their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications.
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Key Benefits For Stakeholders
This study comprises analytical depiction of the global terrestrial trunked radio (TETRA) system market outlook along with the current trends and future estimations to depict the imminent investment pockets.
The overall terrestrial trunked radio (TETRA) system market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and terrestrial trunked radio (TETRA) system market opportunities with a detailed impact analysis.
The current terrestrial trunked radio (TETRA) system market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and the terrestrial trunked radio (TETRA) system market share of key vendors.
The report includes the market trends and the revenue share of key vendors.
Terrestrial Trunked Radio (TETRA) System Market Report Highlights
Aspects Details
BY COMPONENT HardwareSoftware
BY MODES OF OPERATION Trunked mode operation (TMO)Direct mode operation (DMO)
BY DEVICE PortableVehicular
BY END USER Military and defenseTransportationUtilitiesIndustrialGovernment and public safetyCommercialOthers
BY REGION North America (U.S., Canada, Mexico)Europe (UK, Germany, France, Italy, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)
Key Market Players AIRBUS DEFENCE AND SPACE OY, BITEA LIMITED, DAMM CELLULAR SYSTEMS A/S, HYTERA COMMUNICATIONS CORPORATION LIMITED, JVC KENWOOD CORPORATION, MOTOROLA SOLUTIONS INC., ROHILL ENGINEERING B.V., ROLTA INDIA LIMITED, SEPURA PLC, SIMOCO GROUP
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