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| Terrestrial Trunked Radio Market |
Terrestrial Trunked Radio (TETRA) systems are professional two-way land-mobile radio (LMR) communication systems that provide voice and data services. They provide flexible and secure communication solutions for professional mobile radio users. TETRA systems offer benefits like enhanced communication capabilities, improved spectrum efficiency, and roaming across different networks.
The global
Terrestrial Trunked Radio Market is estimated to be valued at US$ 6.05 Mn in
2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to
2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing adoption of Terrestrial Trunked Radio (TETRA) systems by public
safety organizations and government agencies is one of the major factors
driving the growth of the terrestrial trunked radio market. TETRA is widely
used by emergency services like police, firefighting, and ambulance for
critical communication during rescue and emergency situations. It provides
enhanced communication capabilities, message prioritization, encryption, secure
group calls, and other features required by public safety agencies. The growing
need for reliable and secure communication networks among public safety
organizations globally is expected to boost the adoption of TETRA systems in the
upcoming years.
Segment Analysis
The global terrestrial trunked radio market is dominated by the private network
segment. Private trunked radio networks give enterprises full control over the
radio system and allow configuring it based on the organization's specific
communication needs. They offer benefits like dedicated bandwidth, improved
security of communication, interference-free operation, and better coverage
within premises compared to other segments like commercial networks.
Key Takeaways
The global Terrestrial
Trunked Radio Market Growth is expected to witness high growth over the
forecast period. Rapid advancement of technology and increasing demand from
various industries for reliable communication are driving the market. The
global Terrestrial Trunked Radio Market is estimated to be valued at US$ 6.05
Mn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period
2024 to 2031.
Regional analysis
North America dominates the global terrestrial trunked radio market currently
and is expected to continue its dominance over the forecast period. High
penetration of terrestrial trunked radio systems across public safety
organizations and enterprises in countries like the US is supporting the
region's market growth. Asia Pacific is projected to grow at the fastest pace
during the forecast period. Increasing investments by governments in public
safety infrastructure and rising adoption of terrestrial trunked radio by
commercial organizations are fueling the market in the region.
Key players
Key players operating in the terrestrial trunked radio market are Fera
Pharmaceuticals, Pfizer, Novartis AG, Merck KGaA, Baxter, Cipla Limited, Zydus
Cadila, Lupin Pharmaceuticals, Inc., UCB, Inc., APOTEX INC, and Moleculin
Biotech, Inc. Fera Pharmaceuticals maintains a dominant position in the market.
The company offers a wide range of terrestrial trunked radio systems catering
to diverse industries. It has a strong distribution network globally. Pfizer
also has a significant share in the market and is known for its reliable
trunked radio infrastructure solutions.
For more insights, read- https://www.newsstatix.com/terrestrial-trunked-radio-market-trends-size-and-share-analysis/
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