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Walkie Talkie Market Size, Share, and Industry Report [2031]
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Walkie Talkie Market Size, Share, and Industry Report [2031]

Segments - Walkie Talkie Market by Types (Analog and Digital), End-users (Enterprises & Commercial, Law Enforcement & Security, Consumer/Personal Use, Government Agencies, Aerospace & Defense, and Others), Distribution Channels (Offline Channel and Online Channel), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-4247 | 4.1 Rating | 60 Reviews | 178 Pages | Format : PDF Excel PPT

Report Description


The global walkie talkie market size was valued at USD 4.01 Billion in 2022 and is expected to surpass USD 8.36 Billion by 2031 , expanding at a CAGR of 8.5% during the forecast period, 2023–2031. The growth of the market is attributed to the wide adoption of the devices by government agencies for public safety and the rising acceptance of digital radios on construction sites.

Walkie talkies are handheld portable radio and wireless devices primarily designed to use for short-range communication between the two ends. The battery-operated radio operates using a specific radio wave or range, which allow users to communicate even in remote areas that have limited or restricted mobile network. The average radio wave of a walkie talkie ranges around 5 miles but some devices have a maximum capacity that ranges up to 36 miles. With the technology innovation, some devices offer better facilities such as advanced functionality, better audio quality, and longer battery life.

Walkie Talkie Market Outlook

Some devices such as police radios are well equipped with advanced components such as Bluetooth, Wi-Fi, long-term evolution (LTE), and GPS to ensure better communication or connection. These radio devices are widely used by various public and private organizations to respond to the emergency situation and security-related activities. Moreover, civilians can use walkie talkie for their personal use or other purposes. One key aspect of the rising adoption of the devices is that the prices of walkie talkies are relatively lower than mobile phones and are better alternatives for short-range communication.    

The COVID-19 pandemic had adversely affected the global walkie talkie market due to sudden disruption in the supply chain, impacted by emergency lockdowns globally. The disruption in the supply chain forced manufacturers to reduce the volume of their production, which largely hampered the overall production facilities. Moreover, the prolonged shutdown of various business service sectors such as airports, malls, hospitals, hotels, and restaurants had limited the demand for walkie talkie worldwide.

  • Rapid introduction of digital radios having better performance and certain advantages over analog devices present a key factor driving the market.

  • Wide use of walkie talkies by security agencies across various industries for the safety of business premises is expected to boost the market during the forecast period.  

  • Increasing events regarding geopolitical issues such as border disputes and the rising use of the devices by security personnel for their military missions further fuel the market.

  • Issues regarding the limited bandwidth act as a major restraining factor that can hinder the market in the coming years.

  • Integration of advanced technologies such as LTE and Bluetooth in walkie talkies as well as wide R&D programs by key payers to develop innovative devices are offering several growth opportunities for the market.

Scope of Walkie Talkie Market Report

The report on the global walkie talkie market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Walkie Talkie Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Analog and Digital), End-users (Enterprises & Commercial, Law Enforcement & Security, Consumer/Personal Use, Government Agencies, Aerospace & Defense, and Others), and Distribution Channels (Offline Channel and Online Channel)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Entel UK Ltd.; Icom Inc.; Motorola Solution, Inc.; Tait Communications; Hytera Communications Corporation Limited; Midland Radio Mossy Oak; Yaesu USA; Cobra Electronics; JVCKENWOOD Corporation; Kirisun Communication Co., Ltd.; Fujian Baofeng Electronics Co., Ltd.; Shenzhen HQT Science & Technology Co., Ltd.; and Uniden Holdings Corporation; Garmin Ltd.

Walkie Talkie Market Segment Insights

Analog segment to expand at a rapid pace

Based on types, the global walkie talkie market is bifurcated into analog and digital. The analog segment held a dominant market share in 2021 and is expected to expand at a rapid pace during the forecast period owing to the wide use of the device type among security personnel in event management, hospitals, and malls. On the other hand, the digital segment is projected to register a steady growth rate in the coming years owing to users’ preference for advanced features in walkie talkies. Digital Audio Broadcasting (DAB) and Digital Mobile Radio (DMR) are key technologies that offer several facilities and advantages over analog devices.  

Walkie Talkie Market Types

Increasing use of walkie talkie among business enterprises boots the enterprises & commercial segment

In terms of end-users, the market is segmented into enterprises & commercial, law enforcement & security, consumer/personal use, government agencies, aerospace & defense, and others. However, the enterprises & commercial segment accounted for a major market share in 2021 and is anticipated to hold a key share of the market in the coming years due to the increasing adoption of walkie talkies by various commercial organizations and business enterprises. On the other hand, the government agencies segment is anticipated to exhibit a robust CAGR during the forecast period due to high spending from government agencies for public safety and disaster prevention.  

Offline segment to register a considerable CAGR

On the basis of distribution channels, the global walkie talkie market is bifurcated into offline channel and online channel. The offline segment is projected to register a considerable CAGR during the forecast period owing to the wide availability of specialized stores for the devices and high discount offers for bulk purchases by the B2B sales channels. On the other hand, the online segment is anticipated to constitute a key market share in the coming years owing to the rapid expansion of e-commerce platforms and the wide availability of the devices on the platforms at discounted prices.

North America to dominate the market

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a major market share in 2021 and is expected to dominate the market during the projected period owing to the early adoption of advanced communication technology and rising acceptance of digital transformation. The rapid expansion of several industries and rising construction activities in the region further boost the regional market.  

Walkie Talkie Market Region 

Segments

The global walkie talkie market has been segmented on the basis of

Types

  • Analog
  • Digital

End-users

  • Enterprises & Commercial
  • Law Enforcement & Security
  • Consumer/Personal Use
  • Government Agencies
  • Aerospace & Defense
  • Others

Distribution Channels

  • Offline Channel
  • Online Channel

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Entel UK Ltd.
  • Icom Inc.
  • Motorola Solution, Inc.
  • Tait Communications
  • Hytera Communications Corporation Limited
  • Midland Radio Mossy Oak
  • Yaesu USA
  • Cobra Electronics
  • JVCKENWOOD Corporation
  • Kirisun Communication Co., Ltd.
  • Fujian Baofeng Electronic Co., Ltd.
  • Shenzhen HQT Science & Technology Co., Ltd.
  • Uniden Holdings Corporation 
  • Garmin Ltd.

Competitive Landscape

Key players competing in the global walkie talkie market are Entel UK Ltd.; Icom Inc.; Motorola Solution, Inc.; Tait Communications; Hytera Communications Corporation Limited; Midland Radio Mossy Oak; Yaesu USA; Cobra Electronics; JVCKENWOOD Corporation; Kirisun Communication Co., Ltd.; Fujian Baofeng Electronics Co., Ltd.; Shenzhen HQT Science & Technology Co., Ltd.; Uniden Holdings Corporation; and Garmin Ltd. Some of these players have adopted a series of business development strategies including merger and acquisition, entering into partnerships and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.

Walkie Talkie Market Keyplayers

Frequently Asked Questions

The global walkie talkie market size was valued at USD 3.7 billion in 2021 and is expected to surpass USD 7.1 billion by 2030.

The enterprises & commercial segment accounted for a major market share in 2021 and is anticipated to hold a key share of the market in the coming years.

The key drivers of the market include the wide adoption of the devices by government agencies for public safety and rising acceptance of digital radios in construction sites.

North America is likely to dominate the market during the forecast period.

The key players of the market are Entel UK Ltd.; Icom Inc.; Motorola Solution, Inc.; Tait Communications; Hytera Communications Corporation Limited; Midland Radio Mossy Oak; Yaesu USA; Cobra Electronics; JVCKENWOOD Corporation; and Kirisun Communication Co., Ltd.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Walkie Talkie Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Walkie Talkie Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Walkie Talkie Market - Supply Chain
  4.5. Global Walkie Talkie Market Forecast
     4.5.1. Walkie Talkie Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Walkie Talkie Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Walkie Talkie Market Absolute $ Opportunity
5. Global Walkie Talkie Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Walkie Talkie Market Size and Volume Forecast by Types
     5.3.1. Analog
     5.3.2. Digital
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Walkie Talkie Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Walkie Talkie Market Size and Volume Forecast by End Users
     6.3.1. Enterprises & Commercial
     6.3.2. Law Enforcement & Security
     6.3.3. Consumer/Personal Use
     6.3.4. Government Agencies
     6.3.5. Aerospace & Defense
     6.3.6. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Walkie Talkie Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Walkie Talkie Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Walkie Talkie Demand Share Forecast, 2019-2026
8. North America Walkie Talkie Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Walkie Talkie Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Walkie Talkie Market Size and Volume Forecast by Types
     8.4.1. Analog
     8.4.2. Digital
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Walkie Talkie Market Size and Volume Forecast by End Users
     8.7.1. Enterprises & Commercial
     8.7.2. Law Enforcement & Security
     8.7.3. Consumer/Personal Use
     8.7.4. Government Agencies
     8.7.5. Aerospace & Defense
     8.7.6. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Walkie Talkie Demand Share Forecast, 2019-2026
9. Latin America Walkie Talkie Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Walkie Talkie Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Walkie Talkie Market Size and Volume Forecast by Types
     9.4.1. Analog
     9.4.2. Digital
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Walkie Talkie Market Size and Volume Forecast by End Users
     9.7.1. Enterprises & Commercial
     9.7.2. Law Enforcement & Security
     9.7.3. Consumer/Personal Use
     9.7.4. Government Agencies
     9.7.5. Aerospace & Defense
     9.7.6. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Walkie Talkie Demand Share Forecast, 2019-2026
10. Europe Walkie Talkie Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Walkie Talkie Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Walkie Talkie Market Size and Volume Forecast by Types
     10.4.1. Analog
     10.4.2. Digital
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Walkie Talkie Market Size and Volume Forecast by End Users
     10.7.1. Enterprises & Commercial
     10.7.2. Law Enforcement & Security
     10.7.3. Consumer/Personal Use
     10.7.4. Government Agencies
     10.7.5. Aerospace & Defense
     10.7.6. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Walkie Talkie Demand Share Forecast, 2019-2026
11. Asia Pacific Walkie Talkie Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Walkie Talkie Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Walkie Talkie Market Size and Volume Forecast by Types
     11.4.1. Analog
     11.4.2. Digital
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Walkie Talkie Market Size and Volume Forecast by End Users
     11.7.1. Enterprises & Commercial
     11.7.2. Law Enforcement & Security
     11.7.3. Consumer/Personal Use
     11.7.4. Government Agencies
     11.7.5. Aerospace & Defense
     11.7.6. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Walkie Talkie Demand Share Forecast, 2019-2026
12. Middle East & Africa Walkie Talkie Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Walkie Talkie Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Walkie Talkie Market Size and Volume Forecast by Types
     12.4.1. Analog
     12.4.2. Digital
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Walkie Talkie Market Size and Volume Forecast by End Users
     12.7.1. Enterprises & Commercial
     12.7.2. Law Enforcement & Security
     12.7.3. Consumer/Personal Use
     12.7.4. Government Agencies
     12.7.5. Aerospace & Defense
     12.7.6. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Walkie Talkie Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Walkie Talkie Market: Market Share Analysis
  13.2. Walkie Talkie Distributors and Customers
  13.3. Walkie Talkie Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Entel UK Ltd.
     13.4.2. Icom Inc.
     13.4.3. Motorola Solution, Inc.
     13.4.4. Tait Communications
     13.4.5. Hytera Communications Corporation Limited
     13.4.6. Midland Radio Mossy Oak
     13.4.7. Yaesu USA
     13.4.8. Cobra Electro

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