A two-way radio is simply a radio that can both transmit and receive (a transceiver). In broader terms, most of voice wireless communications systems, including cellular system, fall into two-way radio definition. In this report, two-way radio refers to radio system mainly used for group call communication. This two-way radio system is also known as Professional Mobile Radio (PMR), Land Mobile Radio (LMR) ,Private Mobile Radio (PMR) or Public Access Mobile Radio (PAMR) system. The two-way radio equipment refer to the terminal used in this system.They major include portable radios terminal and mobile radios terminal.

Two-way radio offers certain advantages that make it the clear choice for the vast majority of mobile professionals who require an affordable, flexible, highly reliable solution ? along with the power and range available only in licensed bands. Advantages of two-way radio include-
With the migration from analogue to digital technologies in the coming years, many countries are seeking to upgrade their communications systems to a digital solution. This migration presents a significant opportunity for infrastructure and system integration suppliers.
The two way radio equipment market is expected to foresee continuous growth in the near future due to the increasing importance of efficient mission-critical operations and the expansion of Long Term Evolution (LTE) network, which is leading to higher demand for LTE-integrated devices.
Although Two Way Radio Equipment brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

According to this study, over the next five years the Two Way Radio Equipment market will register a 3.5% CAGR in terms of revenue, the global market size will reach USD 9650 million by 2024, from USD 7830 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Two Way Radio Equipment business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Two Way Radio Equipment market by product type, application, key manufacturers and key regions and countries.

This study considers the Two Way Radio Equipment value and volume generated from the sales of the following segments-

Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Analog
Digital
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Public Safety
Public Utilities
Commerce & Industry

This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Motorola
KENWOOD
Icom
Hytera
Tait
Sepura
Yaesu
Neolink
Vertex Standard
Quansheng
Uniden
Midland
Simoco
Entel
BFDX
Kirisun
Lisheng
Abell
Weierwei
HQT

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Two Way Radio Equipment consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Two Way Radio Equipment market by identifying its various subsegments.
Focuses on the key global Two Way Radio Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Two Way Radio Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Two Way Radio Equipment submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.