Press release
Navigating Connectivity: The Ascendance of the Global Terrestrial Trunked Radio (TETRA) System Market
Introduction:In the realm of professional mobile radio (PMR), walkie-talkies, and public access mobile radio (PAMR), the Terrestrial Trunked Radio (TETRA) system stands as a beacon of communication excellence. With a market size of US$ 2.46 billion in 2021, the TETRA system is poised for remarkable growth, projecting a size of US$ 8.60 billion by 2030. This trajectory unfolds at a robust compound annual growth rate (CAGR) of 15.27% from 2022 to 2030.
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Understanding TETRA:
Developed by the European Telecommunication Standards Institute (ETSI), TETRA is tailored to meet the nuanced needs of professional mobile radio users across various sectors. Offering a spectrum of features for safety and emergency applications, TETRA caters to public safety, transportation, utilities, government, military, PAMR, commercial, and oil & gas companies. Its scalability enables deployment in networks ranging from single-site local coverage to multiple-site wide area coverage.
Market Dynamics:
Technological Advancements: The market is propelled by ongoing technological advancements, particularly in industrial sectors, augmenting mission-critical communications.
Public Safety Imperative: The demand for efficient critical communications, especially in public safety applications, serves as a driving force behind the market's robust growth.
Challenges and Opportunities: Despite the high cost of investment and maintenance acting as a limiting factor, the burgeoning use of mobile radio in the transportation industry presents growth opportunities for TETRA.
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Impact of COVID-19:
The COVID-19 pandemic precipitated disruptions across the electronics manufacturing landscape, leading to temporary closures and supply chain challenges. The resultant material and component shortages, coupled with business continuity issues, contributed to a downturn in the TETRA system market. Infrastructure development and installation projects experienced a sharp decline, further impeding market growth.
Regional Dynamics:
Asia-Pacific's Proactive Adoption: The Asia-Pacific region emerges as a frontrunner, registering the highest CAGR during the forecast period. Driven by growing public safety demands and robust IT infrastructure, the region witnesses soaring adoption of TETRA devices, particularly in sectors like utilities.
RoW's Public Safety Drive: The Rest of the World (RoW) region witnesses a surge in TETRA-approved equipment adoption, primarily driven by the public safety and government sectors.
Leading Industry Players:
The global TETRA system market is shaped by industry leaders, including 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, among others.
Market Segmentation:
Based on Component:
Hardware
Software
Based on Device:
Portable
Vehicular
Based on Modes of Operation:
Trunked Mode Operation (TMO)
Direct Mode Operation (DMO)
Based on End-User:
Military & Defense
Transportation
Utilities
Industrial
Government & Public Safety
Commercial
Others
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Conclusion:
As the global landscape evolves, the Terrestrial Trunked Radio (TETRA) system market navigates challenges, leveraging technological prowess to meet the burgeoning demands of professional mobile radio and critical communications. The journey ahead is one of resilience, adaptability, and unwavering connectivity, solidifying TETRA's position as a cornerstone in the realm of mission-critical communication systems.
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