Report ID: UCMIG50C2019
Report ID:
UCMIG50C2019 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2016, the global terrestrial trunked radio market was estimated at USD 1.51 billion. Over the projection period, it is expected to grow at a CAGR of 17.8%. One of the important factors driving market expansion is the increasing demand for safe communication and safety. Furthermore, the proliferation of applications for smartphones for safety reasons is increasing demand for TETRA-compliant equipment.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Wireless Telecommunication Services by segment aggregation, the contribution of the Wireless Telecommunication Services in Telecommunication Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG50C2019