Global Two-Way Radio Equipment Market- Market Overview:

The global two-way radio equipment market is expected to grow from USD 8.38 billion in 2022 to USD 13.7 billion by 2030, at a CAGR of 6.4% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing demand for two-way radio equipment among the end-user sectors and technological advancements.

Two-way radio equipment is a type of communication device that transmits and receives messages over the airwaves, and it can be used to send or receive voice, data, or text messages between locations. With an electric oscillator, Nikola Tesla was able to produce electromagnetic pulses at speeds up to approximately 100 kHz in 1882, and it was the first device to do so. With a digital two-way radio system, businesses are able to enjoy improved performance and efficiency, integrating a wide variety of applications and solutions that can unify communication from beginning to end. Manufacturing, construction, and warehousing are all industries that benefit from two-way radio communication. Among the most commonly used channels for this purpose are channel 16 (the emergency services frequency) and channel 14 (a common business band). They communicate with remote sites or other nearby two-way radio operators. As a result of increasing cyber threats, natural disaster events, etc., the public safety sector is one of the biggest markets in terms of volume and growth rate. In order to combat these challenges, a radio system equipped with advanced technology must be deployed that provides reliable communications at any time/anyplace, in order to mitigate those challenges.

Sample Request: - Global Two-Way Radio Equipment Market

Market Dynamics:

Drivers:                          

• Technological Advancement

Increasing channel capacity, GPS tracking, improved voice quality, a longer range coverage area, and longer battery life are some of the new features available in two-way radio equipment these days. As digital radios are widely used in a variety of industries, this presents a lucrative opportunity for market growth.

Restraints:                                             

• COVID-19 breakdown

In various industries such as logistics & transportation, retail, manufacturing, and education, the arrival of the Covid-19 pandemic caused disruptions. It was necessary for the government to impose a variety of restrictions in order to stop the spread of the deadly virus, such as social distancing and travel restrictions. As a result, several retail, manufacturing, educational, etc., were temporarily closed, which adversely affected the market growth of two-way radio equipment.

Opportunities:

• Rising demand among the end-user sector

The need for accurate and real-time communication between employees and people concerned has increased dramatically in various sectors due to the significant growth of business opportunities. With two-way radio equipment, different people can easily communicate with each other and receive real-time updates regarding an emergency, which makes it a necessity in many industries.

Challenges:

• Rising use of IoT

As science and technology have developed, one of the most significant developments has been the Internet of Things, which has penetrated nearly every sector and is widely used for communication devices. Several communication devices have been developed using IoT, which has made it difficult for the market for two-way radio equipment to grow.

Segmentation Analysis:

The global two-way radio equipment market has been segmented based on product type, end-user, and region.

By Product Type

The product type segment includes digital and analog. The analog segment led the largest share of the two-way radio equipment market with a market share of around 62% in 2022. In two-way radio, analog radios are the simplest. They have limited ranges, and aren't as popular as they used to be, but they still exist in certain markets, such as construction and emergency services. As a result, they use analog channels to transmit data between stations and base station controllers, which limits their bandwidth requirements and makes them more affordable at the same time. The analog two-way radio has been widely used in mission-critical communication for years. Since it provides multipoint communications and quick connection times, it is a popular alternative for efficient and reliable communications. Since analog two-way radios offer high-quality audio, are durable during emergency situations, and are easy to use, the segment has lucrative growth prospects over the Projection period.

By End-User

The end-user segment includes hospitality, utilities, government & public sector, education, manufacturing, transportation & logistics, and others. The government & public sector segment led the largest share of the two-way radio equipment market with a market share of around 29.5% in 2022. Two-way radio equipment is in high demand in the government and public sector, as the sector is developing rapidly. Governments and other law-regulating agencies have invested a great deal in tools that will allow departments and employees to communicate effectively.

Global Two-Way Radio Equipment Market- Sales Analysis.

The sale of two-way radio equipment expanded at a CAGR of 5.9% from 2016 to 2022.

Globally, the two-way radio equipment market is expected to grow because of the increasing demand across a wide range of end-use industries, including manufacturing, government and public safety, transportation & logistics, education, and hospitality. In addition to hospitals and malls, two-way radio equipment is also used for residential security, traffic management, and residential security.

Several factors are expected to drive the growth of the two-way radio market, including robust infrastructure and substantial investment in digitization while maintaining compatibility with legacy analog systems. As well, public safety applications are driving growth due to a number of benefits, including remote personnel deployment, which reduces the costs associated with human labour resources for high-risk or difficult tasks.

There are tight deadlines and timescales for all transportation and logistics operations, whether it's trains, buses, or goods that need to be delivered from point A to point B. Customer expectations must be met when and where they expect it, which requires clear voice and data communication throughout the entire supply chain, boosting the demand for two-way radio equipment in the sector.

Thus, owing to the aforementioned factors, the global two-way radio equipment market is expected to grow at a CAGR of 6.4% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the two-way radio equipment market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the two-way radio equipment market and held a 40.1% share of the market revenue in 2022.

• The North American region witnessed a major share. A large share of the two-way radio equipment market is currently dominated by North America. Due to the well-developed technology ecosystem and favourable economic policies, North America currently dominates the two-way radio equipment market. It is very common for people in North America to accept technological advances and become accustomed to them. The high GDP of countries such as the US propels the market's growth in the North American region. In North America, the public utility sector has a major share due to strict regulations and adherence needed to protect the operations of utility companies.
• Asia Pacific is anticipated to experience significant growth during the predicted period. It is anticipated that the two-way radio equipment market in the region will perform well due to the rapid increase in flight movements, high public order and safety budgets, and large retail stores. The increasing number of retail stores is expected to boost the two-way radio equipment market in developing countries.

Global Two-Way Radio Equipment Market - Country Analysis:

• Germany

Germany's two-way radio equipment market size was valued at USD 0.55 billion in 2022 and is expected to reach USD 0.91 billion by 2030, at a CAGR of 6.5% from 2023 to 2030.

In Germany, in order to create and produce creative, effective, and diverse push-to-talk solutions, companies are focusing on creating and producing them. The challenge and potential are to develop single-chip systems that can receive the majority of receiver and transmitter signal chains. The system can be upgraded with future waveforms, provide frequency hopping, automatically adjust the gain to smooth the wide variations and provide automatic gain control.

• China

China’s two-way radio equipment market size was valued at USD 0.60 billion in 2022 and is expected to reach USD 1 billion by 2030, at a CAGR of 6.7% from 2023 to 2030.

Due to strict regulations and adherence required by utility companies to safeguard their operations, the public utility sector dominates the market. Recent developments such as large-scale infrastructure projects undertaken by governments across the country are driving growth in the market for two-way radios.

• India

India's two-way radio equipment market size was valued at USD 0.46 billion in 2022 and is expected to reach USD 0.76 billion by 2030, at a CAGR of 6.6% from 2023 to 2030.

Over the Projection period, the transportation & logistics segment is projected to grow at the highest CAGR due to increased investments made by government agencies and other law regulatory agencies in adopting effective communication tools among departments and employees.

Key Industry Players Analysis:  

To increase their market position in the global two-way radio equipment market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Vertex
• Cobra
• Binatone
• Abell
• Midland
• Uniden
• BK Technologies
• Entel Group
• Pulas
• Wanhua
• Neolink
• BFDX
• Sepura
• Linton
• Quansheng
• Yaesu
• Icom

Latest Development:

• In June 2021, Two-Way Radio Inc., a Wytheville-based company that produces communications systems and devices for public safety and industrial clients, was acquired by Spartanburg-based Mobile Communications America Inc. (MCA).
• In January 2022, To connect teams in loud, harsh, and dynamic environments, Motorola Solutions has launched a two-way digital radio called MOTOTRBO R7, with advanced audio features and a slim, rugged design. With industrial-level noise cancellation, automatic feedback suppression, and automatic volume adjustment for greater intelligibility, the MOTOTRBO R7 voice communications system uses the DMR standard to produce sharp, clear speech.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	6.4%
Market Size	8.38 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Product Type, By End-User, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Vertex, Cobra, Binatone, Abell, Midland, Uniden, BK Technologies, Entel Group, Pulas, Wanhua, Neolink, BFDX, Sepura, Linton, Quansheng, Yaesu, and Icom.
By Product Type	Digital Analog
By End-User	Hospitality Utilities Government & Public Sector Education Manufacturing Transportation & Logistics Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Two-Way Radio Equipment Market by Product Type:

• Digital
• Analog

Global Two-Way Radio Equipment Market by End-User:

• Hospitality
• Utilities
• Government & Public Sector
• Education
• Manufacturing
• Transportation & Logistics
• Others

Global Two-Way Radio Equipment Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- Because of solid political institutions and frameworks, the market for two-way radio equipment is expanding and evolving. Government stability also allows comparable businesses to expand both locally and abroad. Because of governmental strength and stability, the market is able to maintain efficient and smooth business relationships with other nations. Government stability also attracts key industry players' investors, spurring infrastructure growth and improving a country's reputation abroad. High levels of government stability can also attract resources for an industry's overall expansion, which will help overall competitive positioning and market performance. Other stakeholders, such as non-governmental organizations, activist movements, and protest and pressure groups, have a significant impact on international policymaking.

Economical Factors- Economic factors include the economy's size, performance, labor market conditions, interest rates, consumer disposable income, currency rates, and tax rates. Regional government spending, stable demand as a result of disposable income, and rising investment in new industries, global economic performance will remain stable for the next 5 to 10 years. The availability of essential infrastructure has an impact on the market because regional governments have increased their investment in developing critical infrastructure to facilitate and improve the business climate. The two-way radio equipment sector has access to present infrastructure to enable growth. Furthermore, rising unemployment trends will result in less money available for general consumption, which will have an immediate impact on how successful business players operate.

Social Factor- Social factors include traditions, attitudes towards certain goods and services, health and safety beliefs, culture, societal roles and customs, gender roles, acceptance of an entrepreneurial spirit, demographics, and recreational interests. A highly educated populace is desirable for a variety of reasons, and these aspects will benefit the two-way radio equipment industry. As education levels rise, more clever, skilled, and informed people become available. Furthermore, consumers' awareness of their purchase and consumption behaviors will grow. The sector will gain from its distinct competitive positioning and positioning as it focuses on positive consumption. Furthermore, more knowledgeable consumers will value quality and be aware of what the product claims and gives. This comparison will serve as the foundation for future purchases.

Technological Factors- A solid technological foundation underpins country-by-country analysis. The global technical infrastructure is strong. The pace of technological invention and progress is accelerating. Two-way radio equipment markets are progressively adopting technological improvements and innovation to improve business productivity and efficiency. Because all industries have a high pace of innovation, two-way radio equipment markets are competitive and forward-thinking. Furthermore, improved technological infrastructure attracts foreign direct investment, which promotes further growth and advancement. As a result, the two-way radio equipment market has a strong competitive advantage in terms of technological breakthroughs, and the company continues to use these advancements and participate in innovation processes to improve its operations and business cycles.

Environmental Factors- Environmental sustainability and recycling are gaining popularity. Consumers are increasingly demanding that things be recycled rather than discarded. There are high standards for trash management and control all throughout the world. The two-way radio equipment market should affiliate with and register with waste management institutions and authorities in order to obey rules, maintain checks, and avoid future complications. Many industry players presently have a controlled and designated system for managing trash and disposing of garbage in an environmentally beneficial manner.

Legal Factors- Among these are employment, antitrust, health and safety, and consumer protection legislation. These elements may have an impact on a company's operations, costs, and product demand. Single-use assembly is controlled by new laws and regulations that must be followed or an organization or market will collapse unexpectedly. There are strict laws in place to protect employees' health and safety while they are at work. Audits of firms are regularly conducted by reputable organizations and organizations to check the use of safety nets, drills, and other preventative measures. Employee safety and well-being include their physical, emotional, and mental well-being. National regulations force businesses to construct legally binding employment contracts. These agreements have been approved by respected government agencies.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis by Product Type
     • 3.2. Market Attractiveness Analysis by End-User
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Technological Advancement
   • 3. Restraints
     • 3.1. COVID-19 breakdown
   • 4. Opportunities
     • 4.1. Rising demand among the end-user sector
   • 5. Challenges
     • 5.1. Rising use of IoT

6. Global Two-Way Radio Equipment Market Analysis and Projection, By Product Type
   • 1. Segment Overview
   • 2. Digital
   • 3. Analog
7. Global Two-Way Radio Equipment Market Analysis and Projection, By End-User
   • 1. Segment Overview
   • 2. Hospitality
   • 3. Utilities
   • 4. Government & Public Sector
   • 5. Education
   • 6. Manufacturing
   • 7. Transportation & Logistics
   • 8. Others
8. Global Two-Way Radio Equipment Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Two-Way Radio Equipment Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Two-Way Radio Equipment Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Vertex
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Cobra
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Binatone
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Abell
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Midland
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Uniden
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • BK Technologies
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Entel Group
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Pulas
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Wanhua
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Neolink
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • BFDX
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Sepura
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Linton
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Quansheng
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Yaesu
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • Icom
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
2. Global Digital, Two-Way Radio Equipment Market, By Region, 2023–2030 (USD Billion)
3. Global Analog, Two-Way Radio Equipment Market, By Region, 2023–2030 (USD Billion)
4. Global Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
5. Global Hospitality, Two-Way Radio Equipment Market, By Region, 2023–2030 (USD Billion)
6. Global Utilities, Two-Way Radio Equipment Market, By Region, 2023–2030 (USD Billion)
7. Global Government & Public Sector, Two-Way Radio Equipment Market, By Region, 2023–2030 (USD Billion)
8. Global Education, Two-Way Radio Equipment Market, By Region, 2023–2030 (USD Billion)
9. Global Manufacturing, Two-Way Radio Equipment Market, By Region, 2023–2030 (USD Billion)
10. Global Transportation & Logistics, Two-Way Radio Equipment Market, By Region, 2023–2030 (USD Billion)
11. Global Others, Two-Way Radio Equipment Market, By Region, 2023–2030 (USD Billion)
12. Global Two-Way Radio Equipment Market, By Region, 2023–2030 (USD Billion)
13. North America Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
14. North America Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
15. USA Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
16. USA Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)  
17. Canada Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
18. Canada Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
19. Mexico Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
20. Mexico Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
21. Europe Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
22. Europe Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
23. Germany Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
24. Germany Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
25. France Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
26. France Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
27. UK Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
28. UK Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
29. Italy Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
30. Italy Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
31. Spain Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
32. Spain Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
33. Asia Pacific Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
34. Asia Pacific Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
35. Japan Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
36. Japan Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
37. China Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
38. China Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
39. India Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
40. India Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
41. South America Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
42. South America Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
43. Brazil Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
44. Brazil Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
45. Middle East and Africa Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
46. Middle East and Africa Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
47. UAE Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
48. UAE Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)
49. South Africa Two-Way Radio Equipment Market, By Product Type, 2023–2030 (USD Billion)
50. South Africa Two-Way Radio Equipment Market, By End-User, 2023–2030 (USD Billion)

List of Figures 

1. Global Two-Way Radio Equipment Market Segmentation
2. Two-Way Radio Equipment Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Two-Way Radio Equipment Market Attractiveness Analysis by Product Type
9. Global Two-Way Radio Equipment Market Attractiveness Analysis by End-User
10. Global Two-Way Radio Equipment Market Attractiveness Analysis by Region
11. Global Two-Way Radio Equipment Market: Dynamics
12. Global Two-Way Radio Equipment Market Share by Product Type (2023 & 2030)
13. Global Two-Way Radio Equipment Market Share by End-User (2023 & 2030)
14. Global Two-Way Radio Equipment Market Share by Regions (2023 & 2030)
15. Global Two-Way Radio Equipment Market Share by Company (2021)