Terrestrial Trunked Radio Market Key Drivers, Restraints, and Forecast 2032

1. The terrestrial trunked radio market was valued at USD 4.18 billion in 2023 and is expected to increase from USD 4.96 billion in 2024 to USD 13.44 billion by 2032, reflecting a CAGR of 13.27% during the forecast period (2024–2032). In 2023, Europe led the market, accounting for a 39.95% share. Europe dominated the TETRA market with a 39.95% share in 2023, fueled by significant investments in secure communication networks for public safety, emergency services, and defense. Demand for mission-critical voice and data services continues to expand in countries such as Germany, the U.K., and the Nordic nations. By type, hardware systems are expected to hold the largest share in 2024, driven by the widespread deployment of base stations, control consoles, and rugged handsets across military and public infrastructure networks. At the country level, India is witnessing accelerated TETRA adoption through rising defense expenditure and smart city initiatives; China is advancing with investments in digital communication networks and military modernization; the United States is boosting demand through upgrades in emergency response systems and homeland security initiatives; and Germany remains a leading market in Europe, supported by nationwide TETRA networks for police, fire services, and disaster relief agencies. List of Key Players Profiled in Report Airbus Defense and Space Corporation (U.K.) Motorola Solutions, Inc. (U.S.) Hytera Communications Corporation Limited (China) JVCKENWOOD Corporation (Japan) Simoco (U.K.) Sepura PLC (U.S.) DAMM Cellular Systems A/S (Denmark) Rohill Engineering B.V. (Netherlands) BiTEA Limited (U.K.) CONSORT DIGITAL PRIVATE LIMITED (U.K.) Radlink Communications (Australia) Information Source: https://www.fortunebusinessinsights.com/terrestrial-trunked-radio-tetra-market-102672

2. Market Segmentation: By Operation it is divided into trunked mode operation and direct mode operation. By component it is bifurcated into hardware and software. By mounting type it is divided into portable and mobile (Vehicular mounted)). By application it is segmented into industrial, utilities, transportation, mining, military, homeland security, fire department, and emergency medical services. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, and Rest of the World. What does the Report Provide? The terrestrial trunked radio market report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaboration to contribute to the market growth. Driving Factor Increase in Demand of Defense IT Expenditure in Asia Pacific The growing defense budget and increased expenditure on military and combat capabilities in developing nations is anticipated to boost the terrestrial trunked radio (TETRA) market growth. For instance, many governments of Asian countries put up around USD 505 billion for the defense sector in 2020. This was 4.3% more than the previous year. Additionally, governments are also working towards cybersecurity. For instance, in June 2020, the Australian

3. government spent USD 1.35 billion towards improving the country’s cybersecurity abilities during the upcoming decade. These factors will propel the demand for in the near future. Regional Insights Europe to Dominate Backed by Presence of Several TETRA Providers in Region Europe is expected to remain at the forefront and hold the highest position market during the forecast period owing to the presence of several TETRA devices providers. In addition, the availability of advanced network infrastructure facilities and various providers such as Airbus Defense and Space Corporation, Inc., Sepura PLC, Rohill Engineering B.V., and Bitea Limited is expected to promote the regional market. The region’s market stood at USD 0.95 billion in 2020. Asia Pacific is expected to showcase significant terrestrial trunked radio market share in upcoming years, owing to the continuous development by the government on improving the military communication ecosystem in the region. Additionally, the increasing investment and expenditure on setting up software-defined radio (SDR) for efficient data transmission and communication clarity on the battlefield is driving the regional market. Competitive Landscape Key Players to New Launches to Strengthen Market Growth The terrestrial trunked radio market is amalgamated by important corporations struggling to maintain their position by emphasizing on novel launches. For example, in January 2021, Motorola Solutions unveiled unmatched versatility for frontline workers with novel TETRA radio. This will aid the company with mission-critical technology and will offer smart connectivity for the front-line workers. Such tactics taken up by crucial players are estimated to reinforce its market opportunities. Industry Development April 2021–Maharashtra Metro Rail Corporation Limited had selected DAMM TETRA based radio communication system for the Pune Metro Rail Project. The DAMM TETRA based system comprises a combination of high-power DAMM Indoor Systems, Consort Digital Train Radio Systems and Sepura TETRA handheld and mobile radios.