ALBANY, New York, November 1, 2018
ALBANY, New York, November 1, 2018 /PRNewswire/ --
The vendor landscape of the global terrestrial trunked radio market is moderately concentrated as a number of regional, domestic, and international players offer products and services of the same kinds. Thus the market has become competitive and the increased level of competition is compelling companies to focus on introducing differentiated services in areas such as critical communication and public safety to stay ahead of their peers. Companies are also focusing on geographical expansion opportunities so as to benefit from new set of growth opportunities in untapped regional markets. Case in point is the acquisition of Sepura Gropup Plc. by Hytera Communications in 2017, which is an attempt by Hytera to gain strength in the European market.
Some of the leading players in the global TETRA market are Airbus Defense and Space Oy, Motorola Solutions, ROHILL Engineering B.V., Simoco Wireless Solutions, Damm Cellular Systems A/S, Hytera Communications, Rolta India Limited, and Leonardo.
Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=23474
According to the report, the global terrestrial trunked radio market will exhibit an impressive CAGR of 11.97% over the period between 2017 and 2025, rising to a valuation of US$12,166.7 mn by 2025. Based on the key applications of terrestrial trunked radio, the public safety segment presently accounts for the dominant share in the overall market and is also likely to hold a notable share in the market's revenue pie over the report's forecast period. In terms of component, the hardware segment is likely to account for a nearly 44% of the market by the end of the report's forecast period. Geographically, the market in Asia Pacific is likely to present a highly lucrative set of growth opportunities over the report's forecast period.
Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23474
Increased Demand for Foolproof Communication in Public Safety Sector to Drive Market
The global terrestrial trunked radio market has significantly benefitted over the years owing to the increased demand for reliable communication systems that can provide a foolproof way of transmitting mission-control critical information in a seamless manner. This is especially true for homeland security and public safety operations across areas such as utility, police, and fire prevention. As countries divert increased funds towards these sectors, the demand for TETRA networks is also likely to increase owing to the proven benefits of TETRA networks over conventional analog professional mobile radio networks in terms of voice quality, security, cost, and RF coverage.
Browse Research Release - https://www.transparencymarketresearch.com/pressrelease/terrestrial-trunked-radio-market.htm
Rising Deployment in International Public Spectacles to Help Market Expand Steadily
The global terrestrial trunked radio market is also benefitting from the increased deployment of TETRA networks for public security applications across a number of countries. The 2016 Rio Olympics also used TETRA communication services. The services were provided by Teltronic, which is a subsidiary of Hytera Communications Corporation Limited. The company used a TETRA network to enable secure communications around the region with the help of approximately 18,000 police radios. A dedicated TETRA network was also employed to enable secure communications for the 2017 FIFA Confederation Cup. This increase in use of TETRA radios and base stations across the globe will help the global terrestrial trunked radio market evolve at an impressive pace in the next few years.
Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=23474
This analysis of the global terrestrial trunked radio market is based on a recent market research report by Transparency Market Research, titled "Terrestrial Trunked Radio (TETRA) Market (Application - Transportation & Logistics, Aviation, Oil & Gas, and Public Safety; Component - Hardware, Software, and Services; Device Type - Portable and Vehicular) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025."
For the study, the market has been segmented as follows:
Global TETRA Market, by Application
Global TETRA Market, by Components
Global TETRA Market, by Device Type
Global TETRA Market, By Geography
Popular Research Reports by TMR:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Research Blog: https://tmrblog.com/