How big is the Global Two-Way Radio Market?

The Global Two-Way Radio Market size is expected to reach USD 9.87 billion in 2024 and grow at a CAGR of 6.59% to reach USD 13.58 billion by 2029. Read More

What is the current Global Two-Way Radio Market size?

In 2024, the Global Two-Way Radio Market size is expected to reach USD 9.87 billion. Read More

Who are the key players in Global Two-Way Radio Market?

Motorola, Tait Communications, JVCKENWOOD Corporation, Uniden America Corporation and Wintec Co., Ltd are the major companies operating in the Global Two-Way Radio Market. Read More

Which is the fastest growing region in Global Two-Way Radio Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Two-Way Radio Market?

In 2024, the North America accounts for the largest market share in Global Two-Way Radio Market. Read More

What years does this Global Two-Way Radio Market cover, and what was the market size in 2023?

In 2023, the Global Two-Way Radio Market size was estimated at USD 9.26 billion. The report covers the Global Two-Way Radio Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Two-Way Radio Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Two-Way Radio Communication Market - Companies, Size & Share

Two-Way Radio Communication Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Two Way Communication Radio Systems Market is Segmented by Type (Analog, Digital), End User Industry (Business Use (Government and Public Safety, Utilities, Industry, and Commerce), Private Use), and Geography (North America, Europe, Asia-Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Two-Way Radio Industry Overview

The Global Two-Way Radio market is moderate. Players tend to invest in innovating their product offerings to cater to business and private use of changing demands. Moreover, players adopt strategic activities like partnerships, mergers, and acquisitions to expand their presence. Some of the recent developments in the market are:

May 2022 - Icom will release IC-M510/E VHF marine radio with wireless LAN function. IC-M510/E devices running RS-M500 software (for Android/iOS) can remotely control IC-M510/E via wireless LAN. The radio can be connected to up to three devices. There is also a communication function between the device and the IC-M510/E. The color display shows real-time AIS marine information from the integrated Automatic Identification System (AIS) receiver.
June 2021 - Mobile Communications America Inc., based in Spartanburg, South Carolina, has purchased Two-Way Radio Inc., a Wytheville-based communications systems and devices producer for public safety and industrial clients (MCA).