Industrial Radio Market, Spurred by Expansion of Offshore Wind Energy Projects, Predicted to Register Strong Growth Till 2022
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According to the market research report “Industrial Radio Market: By Type (Portable, Mobile, Others); By Technology (Digital, Analog); By Standard (P25, Tetra, DMR, Others); By End User (Aviation, Marine, Mining, Retail, Commercial, and Others) & By Region-Forecast (2016-2022)”, published by IndustryARC, estimates that digital industrial radio units will grab the leadership position in overall sales of all variants.
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The Industrial Radio Market deals with the development of two-way radios which are especially designed to suit the needs of workers in an industrial environment. Certain organizations, like the ones involved in energy generation, tend to operate in some of the dangerous and hazardous conditions.
The wireless industry has observed that such operations tend to take place onshore as well as offshore.
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Industrial wireless solutions are especially useful in European countries like Netherlands which are keen on harnessing offshore wind energy. In such scenarios, any sudden problems or issues need to be solved rapidly and efficiently, which are in turn highly reliant on smooth industrial radio communication.
Industrial radio enables professionals to consult each other and pass information in groups. Hence, the rise in offshore exploration activities is expected to be a key growth driver for the Industrial Radio Market.
Scope & Regional Forecast of the Industrial Radio Market
In recent years, the parts and semiconductors which go into the development of effective communication equipment have become significantly more affordable. Also, variants like radio remote control, which earlier used to be analogue, are completing the digital transition very quickly.
The Industrial Radio Market has reached a point where analogue variants are considered to be artefacts and only used for emotional attachment.
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Currently, developing nations like India and China are exhibiting strong opportunities for industrial strength. This development is expected to eventually raise their reliance on industrial radio communication during the extent of the forecast period.
But the future is not all rosy as obstacles in the form of costs related to the setting up of towers and Internet of Things devices are expected to restrain growth till a certain extent. Due to its high levels of industrial activity, the Asia-Pacific region is expected to register the fastest growth in the Industrial Radio Market during the next few years.
The pharmaceutical and personal hygiene sectors, in particular, are anticipated to lead the demand for more industrial wireless solutions.
Segmentations & Key Players Involved in the Industrial Radio Market
The Industrial Radio Market can be broken down into various segmentations on the basis of -
- Type: Portable, Mobile and Others.
- Technology: Digital Industrial Radio and Analog Industrial Radio.
- Standard: P25, Tetra, DMR and Others.
- End User: Aviation, Marine, Mining, Retail, Commercial and Others.
- Geography: Europe, Asia-Pacific, North America and Rest of the World.
Some of the key players involved in the Industrial Radio Market are as follows:
- Tait Radio Communications
- JVC Kenwood Corporation
- Motorola Solutions, Inc.
- Relm Wireless Corporation
- Harris Corporation
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Why access this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a six year period of 2016 - 2022, to assess how the market will develop.
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