Terrestrial Trunked Radio Market size was over USD 5.05 billion in 2024 and is anticipated to cross USD 25.9 billion by 2037, witnessing more than 13.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of terrestrial trunked radio is estimated at USD 5.59 billion. The sector growth is poised to be dominated by its growing use in transportation such as railway. Radio communication networks are essential for train operations, which have strict criteria for security, safety, availability, and dependability. Hence, further with the growth in the number of passengers traveling by train the market is estimated to grow. Over 84 million people are projected to be traveling by train between 2019 to 2028, globally. Also, this number is set to rise to close to 2 billion by the end of 2028.
The increasing need for public safety and secure communication due to technological improvements is pushing radio manufacturers to incorporate apps into their products. GIS, fingerprint scanning, integrated call attendance, call recording, alerts, events & call priority management in emergency scenarios are some of the capabilities provided by these programs. It is projected that the addition of these applications will accelerate market expansion.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
13.4% |
Base Year Market Size (2024) |
USD 5.05 billion |
Forecast Year Market Size (2037) |
USD 25.9 billion |
Regional Scope |
|
Component (Hardware, Software, Services)
The hardware segment in the terrestrial trunked radio market is expected to gather the highest revenue share of over 50% during the forecast period. A variety of specialized devices created to establish and sustain dependable digital radio communication are included in the hardware components of TETRA systems. These elements support the security, effectiveness, and operation of TETRA systems. TETRA systems, which are intended for dependable and secure professional mobile radio (PMR) communication, are driven by many elements in their hardware components. Emergency features, such as the ability to make emergency calls and priority network access in dire circumstances, are built into the hardware of TETRA systems. In emergency response situations, these characteristics enable the system to function more effectively. Furthermore, enterprises needing reliable communication solutions in difficult situations choose to use TETRA hardware owing to its interoperability, security, and dependability features. During the forecast period, these factors will propel the expansion of the hardware sector of the market.
Application (Transportation & Logistics, Aviation, Oil & Gas, Public Safety, Mining, Military, Fire Department, Emergency Medical Service)
The transportation segment in the terrestrial trunked radio (TETRA) market is expected to generate the highest revenue share of 30% over the forecast period. In the transportation industry, TETRA is used in air and sea ports and harbors, railroads, mass rapid transit (MRT) systems including buses, trams, and metro, as well as private vehicles (like taxis). Furthermore, the segment is experiencing growth owing to rising advancements in public transport on account of a growing population. With an about 0.90% increase from 2023 to 2024, the current population of the world is over 8,118,835,998. The installment of terrestrial trunked radio is set to rise in public transport. Moreover, airports continue to use TETRA for communications more than ten years later. The overall requirements of the public transport industry, including its demands for speed, dependability, and data and voice security, are adequately met by the TETRA architecture. The necessity for security and data services is growing in the modern day. Control and emergency communications are the main uses for systems, particularly for vehicle groups. For instance, all buses on a given route may monitor and time each other via group calling, signaling, and data services (such as GPS positioning).
Our in-depth analysis of the global TETRA market includes the following segments:
Operation |
|
Component |
|
Mounting Type |
|
Application |
|
APAC Market Forecast
Asia Pacific industry is anticipated to dominate majority revenue share of 40% by 2037. The market in this region has been driven by the fact that there are sizable industrial sectors, as well as by developments in communication and the growing emphasis of the regional nations on providing improved frontline worker communication channels. Moreover, this region is also experiencing growth in infrastructure development owing to the surging urban population. Approximately 2.2 billion people, or 54% of the world's metropolitan population, reside in Asia. Asia's urban population is predicted to increase by 50% by 2050, adding 1.2 billion new residents.
European Market Analysis
The European terrestrial trunked radio market is also projected to have significant growth during the forecast period. The terrestrial trunked radio system has become increasingly popular across Europe. Furthermore, the European Telecommunication Standards Institute was the first organization in Europe to find this technology and intended to use it for emergency services. Further, there have been growing manufacturing activities in this region which is encouraging the adoption of terrestrial trunked radio for seamless conversation.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?