The global terrestrial trunked radio (TETRA) market size is expected to reach USD 6.5 billion by 2025, according to a study conducted by Grand View Research, Inc., expanding at a CAGR of 17.8% during the forecast period. Increasing smartphone applications for public safety and growing adoption of TETRA - approved devices in the defense and transportation sectors are bolstering the growth of the market. The devices enable users to experience enhanced audio quality and secure communication.
Growing interest of TETRA - approved equipment provider companies such as Airbus Defence and Space to expand their business in regions such as the Middle East is estimated to drive the adoption of TETRA - approved devices in the region. Additionally, increasing construction activities are boosting market growth.
Asia Pacific is poised to witness considerable growth, owing to soaring need for public safety and improving IT infrastructure. Increasing support offered by various governments to promote the adoption of TETRA is also providing a fillip to the market.
However, high costs of development and maintenance of TETRA - approved equipment are projected to hinder the growth of the market. Therefore, equipment providers are focusing on developing affordable solutions that can be used in different sectors such as utilities, transportation and others.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected]