Walkie Talkies Market Overview
Product Overview and Scope of Walkie Talkies
Walkie-talkies are handheld and portable two-way radio devices that allow wireless communication between multiple people over short distances. They are used in various situations requiring instants and reliable communication, such as outdoor activities, professional settings, and emergency services. These are considered as are cost-effective communication solutions between different departments in a workspace. Walkie-Talkies use technology that is based on a radio frequency which evolved with the fast pace of technology. Walkie-talkies are made up of a transmitter and a receiver within the same device, enabling both parties to transmit and receive voice messages. They operate on specific radio frequencies or channels, and multiple walkie-talkies can be set to the same frequency to establish communication between them.
Nowadays, all sectors have started using long-range walkie-talkies to manage their businesses, offices, and other entertainment purposes. Smartphones and tablets are becoming more popular, but when it comes to fast connections, a lot depends on the quality of the network in the area. Walkie-talkies are used in a variety of settings, including outdoor recreational activities like hiking, camping, and skiing, where cell phone coverage may be limited. They are also utilized by professionals such as security personnel, construction workers, and warehouse staff who require reliable communication at their sites.
Walkie Talkies Market – Global Industry Analysis
Market Drivers
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Increasing use of portable radio communication in government and public safety
Walkie-talkies are handheld portable communication radios that use radio waves to communicate wirelessly. It offers convenient and reliable wireless communication, making them valuable tools in numerous sectors. These are essential for effective communication and coordination in government and public safety sectors.
Walkie-talkies play an important role in law enforcement activities. Walkie-talkies are used by police officers, detectives, and other law enforcement employees for real-time communication. Around UHF 400-470MHz frequency range walkie-talkies are used by police, fire, government, business, and security guards. This enables them to respond quickly to emergencies, communicate crucial information, plan tactical actions, and improve situational awareness. It offers secure channels, allowing confidential communication within law enforcement agencies, fuelling market growth.
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Increasing usage in the commercial sector
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Advancements in walkie-talkie technology
Global Walkie Talkies Revenue by Regions (2018-2023)
Global Walkie Talkies Revenue and Market Share (%) by regions (2018-2023)
Global Walkie Talkies Revenue (USD Billion) by regions (2018-2023)
|
2018 |
2019 |
2020 |
2021 |
2022 |
2025 |
2030 |
CAGR |
|
|
North America |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Europe |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Asia Pacific |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Latin America |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Middle East & Africa |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Total |
XX |
XX |
XX |
XX |
5.98 |
XX |
XX |
8.70 % |
Global Walkie Talkies market was valued at USD 5.98 Billion in 2022 and is expected to grow at a CAGR of 8.70 % over the forecast period from 2023 to 2030.
Related Reports
- Digital Walkie Talkie Market
- Two-Way Radio Market
- Radio Communication Device Market
- Tactical Communications Market
- Land Mobile Radio Market
- Defense Tactical Radio Market
- Global Software Defined Radio Market
- Marine Communication Market
- Jobsite Radio Market
- Digital Mobile Radio Market
- Professional Mobile Radio (PMR) System Market
Global Walkie Talkies Revenue by Segment
Global Walkie Talkies Market by Type
• Analog Walkie Talkie
• Digital Walkie Talkie
Global Walkie Talkies Revenue Market Share (%) by Type in 2022
|
|
Source: Cognitive Market Research |
In 2022, the analog segment dominated the market in terms of type and contributed to the largest revenue share at around 58.9 %. Analog walkie-talkie radios have been used since the 1940s although their quality has improved and got a lot smaller, lighter, and have longer-lasting batteries than the early models. In addition, analog walkie-talkies are generally more affordable compared to digital ones, making them a cost-effective choice for many users who prioritize basic communication needs. Since the demand for analog walkie-talkies is increasing rapidly. Analog walkie-talkies have been widely used for decades and continue to serve various purposes, particularly in recreational activities, small-scale events, and situations where reliable communication is required. Traditional analog two-way walkie-talkies come with standard options, such as simple one-to-one, push-to-talk, scanning, limited encryption options, and or group conversations.
Global Walkie Talkies Market by Application
• Government and Public Safety
• Utilities
• Industry and Commerce
• Others
Global Walkie Talkies Market by Distribution Channel
• Offline Channel
• Online Channel
Global Walkie Talkies Manufacturers Profiles/Analysis
Motorola Solutions Inc.
Motorola Solutions Inc. Company Basic Information, and Sales Area
|
|
Item |
Description |
|
1 |
Company Name |
Motorola Solutions Inc. |
|
2 |
Website |
www.motorolasolutions.com |
|
3 |
Established Date |
2011 |
|
4 |
Headquartered |
United States |
|
5 |
Market Position/History |
In 2011, Motorola, Inc. separated into two independent, publicly-traded companies: Motorola Solutions, Inc. and Motorola Mobility, Inc. Further, First U.S. Statewide Broadband LTE Public Safety Network was established. In 2012, Motorola Solutions introduced the LEX700 mission-critical handheld, the world's first handheld public safety LTE device. On February 19, 2016, Motorola Solutions announced it had completed the acquisition of Airwave in the United Kingdom. In August 2017, Motorola Solutions announced it completed the acquisition of Kodiak Networks, a provider of broadband PTT for commercial customers. Further, in the course of time, Motorola Solutions Inc. also acquired companies such as Avigilon, Plant Holdings Inc., Livermore, WatchGuard Inc., IndigoVision, Pelco Inc., Polaris Networks, Openpath Security Inc., Envysion, AvaSecurity Limited, Calipsa, Videotec, Barrett Communications, Futurecom Systems Group, Rave Mobile Safety. |
|
6 |
Sales Area |
Worldwide |
|
7 |
Manufacturing Location |
Chicago, Illinois, U.S. |
|
8 |
Ticker |
NYSE: MSI |
|
9 |
No. of Employees |
20,000 |
|
10 |
Competitors |
Avaya Inc, Qualcomm Technologies Inc, Viasat Inc, Nokia Corp, Black Box Corp. |
|
11 |
CEO |
Greg Brown |
|
12 |
Ownership Type |
Public |
|
13 |
Contact Address |
500 W Monroe St, Chicago, Illinois, 60661, United States Tel: (847) 576-5000 |
Business Segment/ Overview:
Motorola Solutions is a global leader in public safety and enterprise security. Motorola Solutions, Inc. is a data communications and telecommunications equipment provider. The company operates in two segments, Products and Systems Integration, and Software and Services. The Company develops data capture, wireless, infrastructure, barcode scanning, two-way radios, and wireless broadband networks. It provides software packages for command centers, mapping, and drone surveillance. Motorola Solutions also manufactures push-to-talk LTE devices under the LTE LEX line. Its products can be found at work in a variety of industries including law enforcement, fire, emergency medical services, national government security, mining, energy, hospitality, and many more.
Investment in Research and Development
Research and development costs incurred and charged to income for the fiscal years ended December 31, 2021, and 2020 were USD 734 million and USD 686 million respectively.
| Motorola Solutions Inc. R&D Investment (USD Million) (2020-2021) |
|
|
|
Source: Cognitive Market Research |
| Motorola Solutions Inc. Net Sales, By Segments (2020-2021) (USD Million) |
|
|
Source: Cognitive Market Research |
|
Motorola Solutions Inc. Net Sales, By Region (2020-2021) |
|
|
|
|
|
Source: Cognitive Market Research |
|
Recent Developments:
|
Year |
Latest News |
|
May 2023 |
In May 20223, Motorola Solutions launched the MOTOTRBO R2 handheld two-way radio in Latin America. The main motto of designing this product is to keep the frontline workers in contact with various industries such as airports, agriculture, and more. The product has long battery life, long-range coverage, and advanced noise suppression technology. The life of the battery is 26 hours and has excellent range. |
Business Strategy
Motorola Solutions Inc. develops new products and involves in partnerships and acquisitions to expand its business. For instance, In October 2022, the company acquired Futurecom Systems Group, a provider of radio coverage extension solutions for public safety agencies, based in Ontario, Canada. Additionally, it acquired Rave Mobile Safety, a Massachusetts-based public safety mass notification and incident management cloud platform. The Company believes in innovation and develops new products. For instance, MOTOTRBO R2 handheld radios launched in Latin America is the product developed by the company for widening its portfolio.
