Global Walkie Talkie Market Size, Share, and Trends Analysis Report, By Type (Analog and Digital), By Application (Residential and Commercial), and By Distribution Channel (Online and Offline) Forecast Period (2022-2028)

The global walkie talkie market is anticipated to grow at a CAGR of 8.1 % during the forecast period (2022-2028). Walkie Talkie is a small device or radio that works in a limited area to send or receive messages. The major factor attributing to the growth of the global walkie-talkie market is the increasing use of walkie-talkies at airports for the management of aircraft & air traffic due to the increasing number of air travel passengers across the globe. According to yearly worldwide statistics by the International Civil Aviation Organization (ICAO), the number of air passengers carried by scheduled flights was around 4.38 billion across the globe in 2019 representing an increase of around 3.65% from the previous year. Additionally, according to the International Air transport Association (IATA), it is projected that the number of air passengers will get doubled and reach around 8.2 billion by the year 2037. Thus, increasing the use of walkie-talkies at airports during the forecast period.

The use of walkie-talkies is also increasing in the defense sector by military personnel due to the increasing number of military personnel across the globe. According to the statistics published by the World Population Review in 2022, China, India, The US, North Korea, and Russia are the top countries with the highest active military personnel across the globe. The estimated number of active military personnel includes China with 2.1 million, India with 1.45 million, The US with 1.38 million, North Korea with 1.28 million, and Russia with 1.01 million active military personnel in the year 2022. Thus, contributing to the growth of the global walkie-talkie market over the forecast period.

Some major players in the market include Haas Outdoors Inc., Hytera Communications Corp. Ltd., Wintec Co. Ltd., Uniden Holdings Corp., and Tait Communications, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Xiaomi launched Walkie-Talkie 3 in China. The new device is with improved specifications walkie-talkie is capable of establishing communication within a radius of 5,000 km in the country. It also supports OTA upgrades and offers 30% more volume than the previous models. The company claims that the Walkie-Talkie 3 is fitted with a high-performance audio system that includes a 40mm sized speaker unit.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Haas Outdoors Inc., Hytera Communications Corp. Ltd., Wintec Co. Ltd., Uniden Holdings Corp., Tait Communications, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Walkie Talkie  Market Report by Segment

By Type

• Analog
• Digital

By Application

• Residential
• Commercial

By Distribution Channel

• Online
• Offline

Global Walkie Talkie Market Report by Region

North America

• The United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa