Terrestrial Trunked Radio Market Share

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.