Walkie Talkie Market Growing at 9.47% CAGR to 2021
PUNE, India, Sept. 20, 2017 /PRNewswire-iReach/ -- Commenting on the walkie talkie market report, an analyst said: "The latest trend gaining momentum in the market is Increase in use of smartphone networks or Wi-Fi connections. A trend that is being observed in the walkie takie market is the use of cellular networks such as LTE in walkie talkies for communication. This is mostly being seen in digital radios, where radios are being equipped with chipsets capable of using LTE or even Wi-Fi, for nearby communication."
The analysts forecast global Walkie Talkie Market to grow at a CAGR of 9.47% during the period 2017-2021. According to the report, one of the major drivers for this market is Augmented disposable income. Disposable income is described as the summation of household final consumption expenditure and savings, after deducting the change in net equity of households in pension funds. It also corresponds to the sum of mixed income, wages and salaries, net current transfers, net property income, and social benefits excluding social transfers in kind, less taxes on income and wealth, and social security contributions paid by employees, the self-employed and the unemployed.
Main players in the global walkie talkie market: Motorola Solutions, Hytera Communications, JVCKENWOOD, ICOM, and Tait Communications. Other Prominent Vendors in the market are: Abel, BFDX, Cobra Electronics, Kirisun Communications, Midland Radio, Shenzhen HQT Science and Technology, Uniden, and Wintec.
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A walkie talkie, also called a handheld transceiver (HT), may be described as a portable and handheld two-way radio transceiver. A walkie talkie works on simplex communication and uses inbuilt transmitters to send and receive radio signals to communicate and hence does not require a separate network tower. Walkie talkies are commonly used in settings where portable radio communications are necessary such as public safety, business, outdoor recreation, and military. Devices are available at various price points, ranging from inexpensive analog units sold as toys to ruggedized analog and digital units, which are waterproof or intrinsically safe, for use in boats or heavy industries.
Further, the report states that one of the major factors hindering the growth of this market is Competition from smartphones. The technological superiority of smartphones is posing a major challenge to walkie talkies. This technology has a point-to-point approach. During communication, the transmitter and receiver connect directly with the receiver and transmitter of another walkie talkie through some particular frequency not used for commercial purposes.
This report, Global Walkie Talkie Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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