Global Digital Mobile Radio Market Report and Forecast 2024-2032

Global Digital Mobile Radio Market Outlook

The global digital mobile radio market size reached approximately USD 6.00 billion in 2023. The market is further projected to grow at a CAGR of 8.9% between 2024 and 2032, reaching a value of USD 13.30 billion by 2032.

Key Trends in the Market

Digital mobile radio refers to the international standard defined for two-way radios. It allows the operation of equipment developed by different manufacturers on the same network together for the entire set of functions defined in that standard. The advantages associated with the utilisation of the radio include improved channel efficiency, voice quality, and security.

• The expansion of the retail sector is boosting the digital mobile radio market growth. The benefits of using digital mobile radio in retail include improved floor management, loss prevention, and provision of rapid information about product availability.

• Rising incidences of natural disaster and growing requirement from public safety sectors is aiding the market expansion. As they utilise encryption to transmit, digital mobile radio prevents the interception of sensitive data by unauthorised listeners.

• The increased adoption of digital mobile radio by various industries owing to the rising awareness about the different advantages offered is providing lucrative growth opportunities to the market. This increase in adoption can be attributed to the provision of better and clearer sound quality in comparison to analogue systems. The distortion and background and static noises are reduced as the radio converts the voice signals into digital data.

Global Digital Mobile Radio Market Analysis

On the basis of tier, the market is divided into tier 1 (unlicensed), tier 2, and tier 3. Based on product type, the market is bifurcated into hand portable and in-vehicle. On the basis of frequency, the market is segregated into 25 to 174 MHz, 175 to 550 MHz, and more than 550 MHz.

Based on end use, the market is classified into public safety, military and defence, transportation, oil and gas, mining, and utility, among others. On the basis of region, the digital mobile radio market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• L3Harris Technologies Inc. 

• Leonardo SpA 

• Motorola Solutions Inc. 

• JVCKENWOOD Corporation 

• Hytera Communications Corporation Limited 

• Ysair Technology Co., Ltd. (RETEVIS) 

• Tait International Limited 

• TTG Global Group Ltd. (Simoco Wireless Solutions) 

• Kontron Group 

• RADIODATA GmbH 

• Others

Market Share by End Uses

Military and defence end uses are expected to account for a significant digital mobile radio market share owing to the durable and rugged design of the radio and availability of features such as GPS functionality and encryption. The provision of enhanced operational efficiency and improved communication is boosting the utilisation of military and defence sectors. The rising requirement for effective and prompt responses in real time due to rising threat of natural disasters and terrorism is further bolstering the product utilisation by military and defence sectors.

Market Share by Region

North America is anticipated to witness significant growth over the forecast period. This growth can be attributed to the increased requirement for advanced communication solutions by defence sectors in the region. The strong presence of various key market players including L3Harris Technologies Inc. and Motorola Solutions Inc. is further supporting the market expansion in North America. The rising adoption of digital radio technology by various industries is bolstering the digital mobile radio market demand.

Competitive Landscape

L3Harris Technologies Inc., headquartered in Florida, United States, is an information technology service provider, defence provider, and technology company that is dedicated towards delivering end-to-end technology solutions for connecting cyber domains, land, sea, air, and space.

Leonardo SpA, headquartered in Rome, Italy, is a defence and space manufacturing company that specialises in land and naval defence electronics, defence systems, information systems, and digital mobile radio, among others.

Motorola Solutions Inc. is one of the global leaders in enterprise security and public safety that specialises in video cameras, digital mobile radio, cybersecurity, land mobile radios, and body-worn cameras, among others. The company was founded in 2011 and is headquartered in Illinois, United States.

Other digital mobile radio market key players include JVCKENWOOD Corporation, Hytera Communications Corporation Limited, Ysair Technology Co., Ltd. (RETEVIS), Tait International Limited, TTG Global Group Ltd. (Simoco Wireless Solutions), Kontron Group, and RADIODATA GmbH, among others.

Key Highlights of the Report