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Industrial Radio Market - Forecast (2020 - 2025)

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  • 108 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 4033580
The global Industrial Radio Market is estimated to surpass $14 billion mark by 2023 growing at an estimated rate of more than 8% during 2018 to 2023.  In 2017, end user segments such as oil and gas, chemical industry and other hazard prone industries collectively accounted for around 30% share of the global industrial radio market owing to stringent labor safety regulations in such locations.

North America is anticipated to dominate the market with a market share of approximately 35%. The increasing number of safety concerns in these industries along with the need to increase the efficiency and manage work order and decrease the downtime is driving the market in this region. APAC region would be the fastest growing market for Industrial radios registering a CAGR of 11% during 2018-2023.

What is Industrial Radio?

The industrial radio is a two way wireless communication device. The device is also called as a handheld transceiver (HT) or a walkie-talkie. The system operates as half duplex communication device where two way simultaneous communication is not possible.  Majority of the Industrial radios do not need licenses to operate unlike the devices used in for security purposes such as defense and security which need to be registered and operated only within a closed band. With the presence of the device from decades, the technological advancements in the analog segment have been limited. In contrast the digital industrial technology is experiencing immense technological advancements in terms of increasing sound quality, increased build quality, reliable battery life, etc. The digital radio communication has been prominent in the industrial segment.

Industrial Radio Market

Market Research and Market Trends of Industrial Radio Unit Ecosystem

Multifunctional industrial radio combines various features such as mobile data entry device, a smartphone and a (Industrial radio) walkie talkie, which would enable the clients to bring efficient services. This kind of multifunctional technological enables the users to perform multiple tasks and also reduces the downtime.

Increasing demand for advanced communication in manufacturing and metal processing units has resulted in evolution of technological advancements in industrial handheld devices, especially in economically developed markets such as United States. The retail sector would be a major market along with the manufacturing, transport and energy sector in the North American region.

Industrial radio manufacturers are trying to bring in more advanced devices which would be able to operate in both analogue and digital mode. This enables the consumers to switch technologies at their own pace.

Who are the Major Players in the Industrial Radio Market?

The companies referred to in the market research report includes Tait Radio Communications, JVC Kenwood Corporation, Motorola Solutions. Inc., Relm Wireless Corporation, Harris Corporation, Hytera Company. More than 10 Companies are profiled in this Research Report.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry value chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Table of Contents

1. Industrial Radio Market – Overview2. Executive Summary
3. Industrial Radio Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.3. Product Benchmarking
3.4. End User Profiling
3.5. Top 5 Financials Analysis
4. Industrial Radio Market– Forces
4.1. Drivers
4.2. Restraints
4.3. Opportunities
4.4. Challenges
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Degree of Competition
5. Industrial Radio Market– Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors
6. Industrial Radio Market, By Type
6.1. Fixed
6.2. Portable/Mobile
6.3. Others (Includes Wearable’s such as In-ear, Wrist, etc.)
7. Industrial Radio Market, By Technology
7.1. Digital
7.2. Analog
8. Industrial Radio Market, By Standard
8.1. P25
8.2. Tetra
8.3. DMR
8.4. Others
9. Industrial Radio Market, By End User
9.1. Oil and Gas
9.1.1. Upstream
9.1.2. Midstream
9.1.3. Downstream
9.2. Aviation
9.3. Marine
9.4. Logistics and Transportation
9.5. Manufacturing
9.6. Mining
9.7. Chemical
9.8. Power
9.8.1. Generation Plants
9.8.2. Transmission and Distribution Station
9.9. Utility
9.9.1. Water and Waste Water Treatment
9.9.2. Gas Distribution
9.10. Construction
9.11. Others
10. Industrial Radio Market, By Geography
10.1. North America
10.1.1. U.S.
10.1.2. Canada
10.1.3. Mexico
10.2. South America
10.2.1. Brazil
10.2.2. Venezuela
10.2.3. Argentina
10.2.4. Ecuador
10.2.5. Peru
10.2.6. Colombia
10.2.7. Costa Rica
10.3. Europe
10.3.1. U.K
10.3.2. Germany
10.3.3. Italy
10.3.4. France
10.3.5. Netherlands
10.3.6. Belgium
10.3.7. Spain
10.3.8. Denmark
10.4. APAC
10.4.1. China
10.4.2. Australia
10.4.3. South Korea
10.4.4. India
10.4.5. Taiwan
10.4.6. Malaysia
10.4.7. Hong Kong
10.5. Middle East& Africa
10.6. Russia
10.7. Israel
10.8. Other
11. Industrial Radio Market – Entropy
11.1. Expansion
11.2. Technological Developments
11.3. Merger & Acquisitions, and Joint Ventures
11.4. Supply- Contract
12. Company Profiles
12.1. Tait Radio Communications
12.2. JVC Kenwood Corporation
12.3. Motorola Solutions. Inc.
12.4. Relm Wireless Corporation
12.5. Harris Corporation
12.6. Hytera Company
13. Appendix
13.1. Abbreviations
13.2. Sources
13.3. Research Methodology
13.4. Bibliography
13.5. Compilation of Expert Insights
13.6. Disclaimer