Public safety, transportation, logistics, and hospitality are some of the crucial domains that drive the growth of the two-way radio equipment market in the United States. Public safety is of utmost priority in the US. As per the US Census Bureau data of 2019, Washington, D.C. had the highest per capita law enforcement expenditure (US$ 1,296). Despite being tax-friendly states of the US, Florida and Nevada spent the highest percentages of their budgets on law enforcement (7.2% and 7.4%, respectively) in 2019. Calexico’s traffic control division, one of the busiest divisions in the US police department advanced their two-way radio equipment by adopting AT&T’s FirstNet network. In the US, John F Kennedy International Airport; Orlando International Airport; LaGuardia Airport; and Newark Liberty International Airport are amongst the top US airports that are ready for billion-dollar expansion. Owing to the expansion of airports, the count of departments between which communication is required is vast.
BK Technologies, Motorola Corporation, L3Harris technologies, Hytera Communications, and JVCKENWOOD Corporation – Prominent Market Participants in Two-way radio equipment Market
The two-way radio equipment market in Europe is further segmented into the UK, Germany, Italy, France, Russia, and the Rest of Europe. The region is characterized by a remarkable industrial presence, high GDP, high GDP per capita, advanced technology adoption, robust infrastructure, and an increase in the geriatric population. Germany, the UK, and France are among the few countries at the forefront of the European two-way radio equipment market. The European Commission is primarily focusing on research and development funding to reinforce the competitiveness of its manufacturing sector and continue its global technological leadership.
General government expenditure in the European Union (EU) on public order and safety was around 1.8% of GDP in 2020. The GDP of the European Union was around US$ 15 trillion (nominal) in 2020. In the 2022 budget, the Social Democrat-Green government in Sweden announced that it would give police and criminal justice services an additional US$ 290 million (approx. SEK 2.5 billion). Such additional spending on law enforcement creates a considerable amount of demand for two-way radio equipment.
BK Technologies, Motorola Corporation, L3Harris technologies, Hytera Communications, and JVCKENWOOD Corporation – are among the well-known players operating in the global two-way radio equipment market and are focused on product development and innovations. The key players are listed by considering factors such as overall revenue (including subsidiary companies), current two-way radio equipment product portfolio for different applications, geographical reach, market initiatives, high investments in technology upgrades, partnerships, and other market-related activities.
The companies mentioned above are among the key two-way radio equipment vendors across the globe and engage themselves in developing robust products. In addition, these companies also enjoy substantial numbers of contracts from various end applications of two-way radio equipment in the electronics industry. The companies sign a long-term agreement with the end-users in order to support the supply of an adequate volume of products, which enables the companies to generate a substantial volume of revenues year on year.
With the rise in business opportunities across all industries, the need for reliable and real-time communication is increasing. A few of the major benefits such as increased channel capacity, longer range coverage, better voice quality, longer battery life, GPS tracking, and trucking increase the adoption of digital two-way communication equipment. The use of a digital two-way radio system improves the performance and efficiency of the radio communications system and opens the door to a variety of integrated applications and solutions that can unify communications from end to end, transforming the way businesses work. The digital radio system also covers applications such as video and security, dispatch, and job tickets.
The rising demand for digital two-way radio equipment is influencing the players to develop new products. For instance, Motorola Solutions announced the launch of MOTOTRBO R7 in January 2022. It is digital two-way radio equipment with superior audio features and a small, rugged design for connecting teams in loud, harsh, and dynamic environments. All these factors are influencing the adoption of digital two-way radio equipment over analog systems, which drives the growth of the two-way radio equipment market.
The top five companies in the market are BK Technologies, Motorola Corporation, L3Harris technologies, Hytera Communications, and JVCKENWOOD Corporation. The above listing of key players is derived by considering multiple factors such as overall market insights, dynamic trends, revenue, current two-way radio equipment portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. A few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2022 | Motorola Solutions has launched the MOTOTRBO R7, two-way digital radio with superior audio capabilities and a small, robust design for connecting teams in noisy, harsh, and dynamic settings. | 2022 |
| 2019 | Ritron, Inc. launched the Radio-To-Intercom Bridge and a radio receiver specially intended to connect with any existing wired intercom system, allowing approved 2-way radios to access the wired Public Address Intercom system. | 2019 |
