Market Size (2017)
2017
$2.35B
Semiconductor
Walkie Talkie Market
By Segment, By Region, And Segment Forecasts, 2017 – 2025
Vertical: SEMIBase Year: 20189 Sections
Executive Summary
Walkie Talkie Market — Snapshot
Projected (2025)
2025
$4.88B
CAGR (2017–2025)
9.6%
9.6%Key Players
112+
Walkie-talkies are wireless, hand-held radios that comprise a speaker, microphone, battery, antenna, receiver, transmitter, some circuitry, and push to talk (PTT) button. These parts work together to create useful radio signals. Walkie talkies are designed primarily for short-range communications, in which groups of people are within a few miles of each other. Basically, all walkie-talkies are made to work on specific frequencies that the government of every country has reserved for different types of transmissions. For instance, policemen and firefighters have their own frequencies so that business and public signals do not interfere with emergency communications. In the US, the primary frequencies designated for general public use are called Family Radio Service (FRS) and General Mobile Radio Service (GMRS).
The various factors contributing to the adoption of walkie talkies are usage of digital walkie talkie for security purposes, and also it is considered as a cost-effective medium for short-distance communication. Furthermore, development of two-way smart radios is expected to act as an opportunity for companies operating in the global walkie talkie market. However, range and bandwidth limitations are expected to hamper the growth of the market in the coming years.
This study on the global walkie talkie market provides detailed information about industry trends and dynamics, market size, competitive landscape, and growth opportunities. This research report segments the global walkie talkie market by type, ownership, end user, and region/country. Based on type, the market has been segmented into analog and digital. The analog segment accounts for the largest market share of 56.8% in 2018, with a market value of USD 1,437.2 million. By ownership, the market has been segmented into license free and licensed. The licensed segment is expected to register a higher CAGR of 10.75% during forecast period. The end users for this market are enterprises/commercial, law enforcement & security, consumer/personal use, aerospace & defense and others. The enterprises/commercial segment accounted for the largest market share of 32.1% in 2018.
The major vendors profiled in this study are Motorola Solutions, Inc., Cobra Electronics, Hytera Communications Corporation Limited, JVCKENWOOD, Icom America Inc., Tait Communications, Kirisun Communication Co., Ltd, Shenzhen Hqt Science & Technology Co., Ltd, Uniden America Corporation, Wintec, Yaesu USA, and Garmin Ltd. These market players are striving to adopt organic and inorganic growth approaches such as product launch, partnerships, agreements, and collaborations to improve their position and excel in the global walkie talkie market
Key Insight
The Walkie Talkie Market market is projected to grow at a CAGR of 9.6% from 2017 to 2025.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 4 regions: North America, Asia Pacific, Europe, Rest of the World.
- Market Segmentation: The market is analyzed across key segments with forecasts from 2017 to 2025.
- Competitive Landscape: 112 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
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View Subscription PlansMarket Overview
Walkie Talkie Market — Growth Trajectory
A walkie talkie is a compact, wireless, wearable, battery-operated, and portable two-way communication device. Walkie talkies can also be used as a transmission device for communication among more than one or a group of people and are primarily used for security purposes. A walkie talkie has a half-duplex channel and uses a push-to-talk (PTT) system, which indicates that only one walkie-talkie on a channel can transmit a signal at a time although many radios can receive that same signal. Enterprises in the aerospace & defense sector, and law enforcement and security bodies have adopted walkie talkies to allow their employees to communicate efficiently in and around their indoor and outdoor structures. Moreover, walkie talkies are extensively used by police and fire brigade, large manufacturing industries, big resorts and hotels, airports, railway departments, event management firms, and trekking groups, among others. However, high cost of the device and range bandwidth limitation are the factors hampering the growth of the market
Market Size Trend (USD Mn)
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View Subscription PlansMarket Dimensions
How this market is segmented
- Type Type is broken down into: Analog, Digital.
- Ownership Ownership is broken down into: Licensed, License-Free.
- End-User End-User is broken down into: Consumer/Personal Use, Enterprises & Commercial, Aerospace & Defense, Law Enforcement & Security, Others.
Geographic Analysis
Regional market breakdown
- North America North America market size reached $892.47M in 2017 and is projected to reach $1.77B by 2025, growing at a CAGR of 8.9%.
- Asia Pacific Asia Pacific market size reached $497.07M in 2017 and is projected to reach $1.18B by 2025, growing at a CAGR of 11.4%.
- Europe Europe market size reached $667.75M in 2017 and is projected to reach $1.38B by 2025, growing at a CAGR of 9.5%.
- Rest of the World Rest of the World market size reached $292.70M in 2017 and is projected to reach $556.88M by 2025, growing at a CAGR of 8.4%.
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View Subscription PlansResearch Methodology
Walkie Talkie Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2017 – 2018
Forecast Period
2018 – 2025
Primary Interviews
150+
Research Process
Historical data (2017–2018) and forecast period (2018–2025)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
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View Subscription PlansCompetitive Landscape & Porter's Five Forces
Walkie Talkie Market — Competitive Analysis
1.1.1 Threat of New Entrants
The walkie talkie and other radio communication equipment are highly capital intensive and well-regulated businesses. The development of walkie talkie requires a high technical expertise and continuous technological innovation in line with the evolving wireless communication technologies, which restricts the entry of new players to the market. Therefore, the new entrants are expected to present a low threat to the major stakeholders of the market.
1.1.2 Bargaining Power of Suppliers
The bargaining power of suppliers of the global walkie talkie market is low, and it is expected to remain the same during the forecast period. The components used in walkie talkies have a low differentiation; furthermore, the concentration of suppliers in the market is significantly high and register a high degree of competition; these reduce the bargaining power of the suppliers. Moreover, the major manufacturers engage in vertical integration and the other suppliers enter into long-term agreements with the manufacturers, which, in turn, makes the switching costs high. These factors lower the power of the suppliers to dictate the prices in the global walkie talkie market.
1.1.3 Bargaining Power of Buyers
The major end users of walkie talkie are enterprises, law enforcement agencies, security and surveillance bodies, and the government and transportation sectors, among others. The buyers have a low price sensitivity and have a concentrated presence in the walkie talkie market; moreover. Furthermore, the buyers possess considerable product-related information which helps them to compare similar available options as the purchase volumes of these is high. Therefore, the bargaining power of buyers is high and it is expected to remain same during the forecast period.
1.1.4 Threat of Substitutes
The threat of substitutes for walkie talkie is high owing to the wide availability of smartphones in the market. The threat for market players within the industry is the rising ownership of smartphones, and inexpensive communication services for a long term. As smartphones users do not require a license to establish communication unlike walkie talkie, the smartphone is considered an alternative to walkie talkies. However, the walkie talkie market is expected to receive heavy investments from numerous players to develop innovative products for various radio communication applications during the review period.
1.1.5 Intensity of Rivalry
The rivalry between existing players in the walkie talkie market is expected to be high due to the limited number of manufacturers. The existing market players are continuously targeting the same consumer base and entering into contracts with them. Major players adopt strategies such as product differentiation and diversification to gain market share. Furthermore, these companies are constantly focusing on research and development to overcome the technical challenges faced by the radio communication equipment.
Quantitative Analysis
Regional Breakdown
Regional market breakdown for Walkie Talkie Market.
Regional Market Size (USD Mn)
Market estimates by geography (2025)
USD Mn
InsightNorth America leads with $1.77B by 2025, while Asia Pacific is projected to grow fastest at a 11.4% CAGR.
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View Subscription PlansRegional Market Data
| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $892.47M | $1.20B | $1.77B | 8.9% | 36% |
| Asia Pacific | $497.07M | $731.55M | $1.18B | 11.4% | 24% |
| Europe | $667.75M | $914.99M | $1.38B | 9.5% | 28% |
| Rest of the World | $292.70M | $385.26M | $556.88M | 8.4% | 11% |
| Total | $2.35B | $3.23B | $4.88B | 9.6% | 100% |
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Analytics
Walkie Talkie Market — Key Findings
Analytical insights on Walkie Talkie Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Walkie Talkie Market market is projected to reach $4.88B by 2025, growing at 9.6% CAGR.
Market Drivers
A digital walkie talkie enables secure communication and offers new functionalities such as GPS tracking, complex call group functionality, and individual calling among others. By using secure channels and data encryption of digital walkie talkie, schools, hospitals, security companies, and other organizations can safely and privately communicate without any interference. Digital two-way radio systems are used for ensuring the highest level of security within military forces, police services, and public and private security agencies. It enables applications including the protection of critical infrastructure, borders, transport, communication, and utility services. It is also used for public safety at air and seaports, research facilities, government buildings, military bases, transport and utility infrastructure, stadiums and entertainment venues. These walkie talkies are also beneficial during oil and gas processing and supply installations, in data centers, cash warehouses, secure storage facilities, research facilities, shopping malls as well as ensuring communication during VVIP visits. Thus, digital walkie talkies are widely used for security-related applications providing benefits such as high durability and dependability and high ruggedness
Market Opportunities
Two-way smart radios are walkie talkies that are equipped with embedded LTE connectivity which enables a user to connect through virtual voice control. Two-way radios help the user in delivering voice and data to first responders. These also possess a touchscreen user interface which can also be used in rain and while wearing gloves, to enable fast navigation. The development of two-way smart radios is expected to overcome the issues of bandwidth and frequency and help in reducing the transition from walkie talkies to smartphones. Although, there are not many two-way smart radios and there is a lack of awareness about these products, yet some of the companies are engaged in the production of smart two-way radios. In October 2019, Motorola Solutions launched APX NEXT, a next-generation, mission-critical Project 25 (P25) public safety radio with LTE for enhanced communications and data-centric application services. This walkie talkie is equipped with ViQi, a public safety virtual assistant that provides vital information to first responders in the field and allows users to operate APX NEXT via voice control
Market Restraints
The range of walkie talkies is between 6km and 12km. There are two types of radio frequencies; very high frequency (VHF) radio and ultra-high frequency (UHF) radio. VHF radios operate at 126 to 174 MHz and UHF radios operate at 400 to 512 MHz. These frequency ranges restrict the optimal usage of walkie talkies in the presence of barriers. If there are no obstructions, walkie talkies can communicate optimally without any deterioration in voice quality. A walkie talkie with a range of more than 8 km may only have coverage of about 3 to 4 km which is a very short distance to communicate. As compared to mobile phones, walkie talkies are not able fulfil long-distance communication due to short and limited frequency range. This is one of the major restraining factors that slow down the growth of the walkie talkie market and increases the adoption of cell phones. As modern cell phones are getting affordable, with improved battery life, and highly packed features, the adoption of cell phones, especially smartphones has increased remarkably. Moreover, several mobile applications allow push-to-talk (PTT) communication using Bluetooth connectivity. This enables smartphones to act as walkie talkies. Mobile phones provide a lager range and bandwidth, and also give other new functionalities such as video calls which facilitates better communication. Hence, the issues comprising limited range and bandwidth can hamper the growth of walkie talkie market
Strategic Outlook and Future Directions
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Companies
Key companies profiled in Walkie Talkie Market
Profiles of 112 companies operating in the Walkie Talkie Market market, including revenue, employee count, and market positioning where available.
Showing 112 of 112 companies
Hytera Com
Hytera Communication Corporation
Semiconductor
Company Headquarters: China Founded: 1993 Workforce: ~8,436 Company Working: Hytera Communications Corp. Ltd is a leader in walkie talkie manufacturing and distribution. The company engages in the development and sales of wireless communication equipment. The company’s product portfolio of wireless equipment includes mine walkie-talkies, explosion-proof wireless products, radio communication equipment, and other accessories. Some of the major clients of the company operate in public security, utility, transportation, business enterprises, and government sector. The company also offers solutions for video surveillance systems. The company operates globally with major revenue generation from Asia especially, China.
Revenue$0.4B
Employees8,436
Market CapN/A
Founded1992
China
Midland Ra
Midland Radio
Semiconductor
Company Headquarters: US Founded: 1959 Workforce: ~100 Company Working: Midland Radio Corporation is the US-based affiliate of an international group of companies i.e. Haas Outdoors, Inc. spanning across North America, Europe, and Asia. The company is a leading manufacturer of two-way radios and weather alert radios. The product portfolio includes two-way radios, citizen band (CB) radios, micromobiles, P25 technology devices, mobiles and base stations/repeaters, amateur radios, and weather radios. The products sold to the retails of consumer electronics, sporting goods, specialty outdoor and many others nationwide.
RevenueN/A
Employees100
Market CapN/A
Founded1958
US
Yaesu
Yaesu
Semiconductor
Company Headquarters: US Founded: 1965 Workforce: ~50 Company Working: Yaesu is an emerging wireless communication equipment provider and a popular brand in the US that develops and distributes high-frequency radio communication equipment. The company’s product portfolio includes digital radios, HF transceivers, receivers, rotators, VHF/UHF handhelds, and VHF/UHF mobile transceivers. The company has offices and distributors located in Europe, Asia, and North America.
RevenueN/A
Employees50
Market CapN/A
Founded1964
US
Wintec Co
Wintec Co Ltd
Semiconductor
Company Headquarters: Taiwan Founded: 1991 Workforce: ~40 Company Working: Wintec is engaged in the development of two-way radio, industrial wireless products, and GPS/AIS among others. The company provides IoT solutions, solutions for mobile peripheral wireless applications, and RF wireless design services among others. Its two-way radio communication products include professional portable two-way radios and portable compact business radios. The company has showcased its products and solutions in various exhibitions such as Integrated Systems Russia, Smart Asia India, and Hong Kong Electronics Fair among others. The company generates most of its revenue domestically while Asia remains the second-largest revenue-generating region.
RevenueN/A
Employees40
Market CapN/A
Founded1990
Taiwan
Uniden Hol
Uniden Holdings Corporation
Semiconductor
Company Headquarters: Japan Founded: 1966 Workforce: 789 Company Working: Uniden Holding Corporation is a prominent developer, manufacturer, and seller of telecommunication radio equipment and solutions. The company has two major business segments; electronics and real-estate business. The electronics business segment is responsible for the development, marketing, and sale of marine electronics, cordless telephones, digital consumer products, two-way radios, CB radios, and scanners among others. The company has major business operations domestically as well as in North America, Oceania, Europe, the Middle East & Africa, Asia, and southeast Asian regions.
Revenue$0.1B
Employees789
Market CapN/A
Founded1965
Japan
HQT Scienc
HQT Science and Technology
Semiconductor
Company Headquarters: China Founded: 2005 Workforce: ~150 Company Working: HQT is one of the emerging companies that specializes and provides private network solutions. The company focuses on developing DMR tier 2 products. The company has more than ten years of experience in DMR solutions and holds two major research & development facilities in China. The company has developed a stable distribution network across China and globally. Its product portfolio includes digital products, analog products, and accessories. The company also provides solutions such as emergency dispatch system, IP multi-site connect solution, real-time positioning solution, and commercial recording solution
RevenueN/A
Employees150
Market CapN/A
Founded2004
China
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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Walkie Talkie Market
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