Asia Pacific General Mobile Radio Service (GMRS) Market Forecast to 2030
Asia Pacific General Mobile Radio Service (GMRS) Market Forecast to 2030– COVID-19 Impact and Regional Analysis– by Type (Handheld and In-vehicle), and Application (Recreational, Off-road, Agriculture, and Others)
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Description
Benefits of Using GMRS Radios in Agricultural Sector Fuel Asia Pacific General Mobile Radio Service (GMRS) Market
The agricultural sector is one of the main contributors to a country’s GDP. To keep the agricultural sector running efficiently, the farmers or the farm operators use various farm equipment and devices such as tractors, combine or harvester, fertilizer spreaders, and radios. Farms usually do not have reliable cell phone coverage, which creates a need for general mobile radio service (GMRS) radios. GMRS radios are economically feasible compared to cell phones, as only initial equipment cost is required with no cost for daily communication. In addition, mobile GMRS radios can be used on tractors and are more resistant to falls than fragile mobile phones, leading to their adoption in complex farming environments.
Moreover, in agricultural communication, mobile GMRS radios allow the operator to set squelch levels according to situations such as wind noise and the sound of mechanical farming, thus improving the quality of communication between two users. In addition, GMRS enhances the performance and compatibility of tractors, seeders, loaders, and sprayers, which contributes to the demand for GMRS radios for efficient communication in agricultural fields. A few players operating in the GMRS radios market, such as RETEVIS, MIDLAND Radio, and Rugged Radios, are providing GMRS radios to cater to the demand.
Thus, such feasibility offered by the GMRS radios over cell phones in agricultural fields is driving its adoption among farmers or farm operators, which is contributing to the market growth.
Asia Pacific General Mobile Radio Service (GMRS) Market Overview
In Asia Pacific, there is a rise in disposable income of the people with the growing economies of developing countries. This factor has increased the interest in travel among citizens. In addition, it has also propelled the interest of the citizens toward camping, hiking, hunting, and other outdoor recreational activities. These activities take place where the mobile networks are not reachable, leading to no communication in case of emergencies and medical help. Several countries in APAC use different types of radios at different frequencies. For instance, in China, public radio services are used at 409 MHz, India uses UHF FM service at 350.225–350.400 MHz, and South Korea uses UHF-FM at 448.750–449.2625 MHz. Thus, the growing need for these radios for two-way communication increases their use in the region.
Asia Pacific General Mobile Radio Service (GMRS) Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific General Mobile Radio Service (GMRS) Market Segmentation
The Asia Pacific General Mobile Radio Service (GMRS) Market is segmented into type, application, and country.
Based on type, the Asia Pacific General Mobile Radio Service (GMRS) Market is segmented into handheld and in-vehicle. The handheld segment held a larger share of the Asia Pacific General Mobile Radio Service (GMRS) Market in 2023.
Based on application, the Asia Pacific General Mobile Radio Service (GMRS) Market is segmented into recreational, off-road, agriculture, and other. The recreational segment held a larger share of the Asia Pacific General Mobile Radio Service (GMRS) Market in 2023.
Based on country, the Asia Pacific General Mobile Radio Service (GMRS) Market is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. China dominated the share of the Asia Pacific General Mobile Radio Service (GMRS) Market in 2023.
Fujian Baofeng Electronics Co Ltd; Hongkong Retevis Trade Co Ltd; Iradio Electronics Co Ltd; Midland Radio Corp; Quanzhou Chierda Electronic Telecom Co Ltd; QYT Electronics Co Ltd; Tidradio; and WOUXUN ELECTRONICS CO., LTD. are the leading companies operating in the Asia Pacific General Mobile Radio Service (GMRS) Market.
Summary Info
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According to the research team’ research, the Asia Pacific general mobile radio service (GMRS) market was valued at US$ 11.12 million in 2023 and is expected to reach US$ 14.17 million by 2030, registering a CAGR of 3.5% from 2023 to 2030. Benefits of using GMRS radios in agricultural sector is the critical factors attributed to the Asia Pacific general mobile radio service (GMRS) market expansion.
There has been a rise in off-road and recreational activities among travelers worldwide. Various off-road racing events are being conducted across the globe. Off-road racing includes trucks, buggies, motorbikes, cars, and other modified vehicles. These off-road racing events are rising due to the growing interest of enthusiasts in adventurous sports that allow them to showcase their skills and vehicles’ capabilities. Such events are conducted yearly due to their growing popularity. These activities are conducted in terrains where the mobile network availability is low and requires a constant noise-free mode of communication, which is expected to generate the demand for GMRS radios. Further, GMRS radios help individuals or groups engaged in off-road and recreational activities to stay connected in remote areas such as forests, mountains, or deserts. GMRS radios help them connect to users in case of missing driver, mechanical failures of vehicles, medical emergencies, or any other unfortunate events. GMRS radios provide better individual and group safety, contributing to their adoption for off-road and recreational activities. Therefore, the rise in these activities is expected to fuel the Asia Pacific GMRS radios market growth during the forecast period.
On the contrary, stringent government rules for GMRS radios usage hampers the Asia Pacific General Mobile Radio Service (GMRS) Market.
Based on type, the Asia Pacific General Mobile Radio Service (GMRS) Market is segmented into handheld and in-vehicle. The handheld segment held 66.1% share of Asia Pacific General Mobile Radio Service (GMRS) Market in 2023, amassing US$ 7.35 million. It is projected to garner US$ 9.03 million by 2030 to expand at 3.0% CAGR during 2023–2030.
Based on application, the Asia Pacific General Mobile Radio Service (GMRS) Market is segmented into recreational, off-road, agriculture, and other. The recreational segment held 50.6% share of Asia Pacific General Mobile Radio Service (GMRS) Market in 2023, amassing US$ 5.63 million. It is projected to garner US$ 6.94 million by 2030 to expand at 3.0% CAGR during 2023–2030.
Based on country, the Asia Pacific general mobile radio service (GMRS) market has been categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 35.2% share of Asia Pacific General Mobile Radio Service (GMRS) Market in 2023. It was assessed at US$ 3.91 million in 2023 and is likely to hit US$ 5.26 million by 2030, exhibiting a CAGR of 4.3% during the forecast period.
Key players dominating the Asia Pacific general mobile radio service (GMRS) market are Fujian Baofeng Electronics Co Ltd; Hongkong Retevis Trade Co Ltd; Iradio Electronics Co Ltd; Midland Radio Corp; Quanzhou Chierda Electronic Telecom Co Ltd; QYT Electronics Co Ltd; Tidradio; and WOUXUN ELECTRONICS CO., LTD, among others.
In Jan 2023, Hongkong Retevis Trade Co Ltd launched RA86 MicroMobile 20W GMRS Two-Way Radio with an external magnetic mount and 2dB antenna for extended range.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific general mobile radio service (GMRS) market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific general mobile radio service (GMRS) market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific GMRS Radio Market – By Type
1.3.2 Asia Pacific GMRS Radio Market – By Application
1.3.3 Asia Pacific GMRS Radio Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific GMRS Radio Market Landscape
4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific GMRS Radio Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Benefits of Using GMRS Radios in Agricultural Sector
5.2 Market Restraints
5.2.1 Stringent Government Rules for GMRS Radios Usage
5.3 Market Opportunities
5.3.1 Increase in Off-road and Recreational Activities
5.4 Future Trends
5.4.1 Development of Advanced GMRS Radios
5.5 Impact Analysis of Drivers and Restraints
6. GMRS Radio Market – Asia Pacific Analysis
6.1 Asia Pacific GMRS Radios Market Overview
6.2 Asia Pacific GMRS Radio Market – Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific GMRS Radio Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific GMRS Radio Market, By Type (2022 and 2030)
7.3 Handheld
7.3.1 Overview
7.3.2 Handheld: Asia Pacific GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
7.4 In-vehicle
7.4.1 Overview
7.4.2 In-vehicle: Asia Pacific GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
8. Asia Pacific GMRS Radio Market Analysis – By Application
8.1 Overview
8.2 Asia Pacific GMRS Radio Market, By Application (2022 and 2030)
8.3 Recreational
8.3.1 Overview
8.3.2 Recreational: Asia Pacific GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
8.4 Off-road
8.4.1 Overview
8.4.2 Off-road: Asia Pacific GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
8.5 Agriculture
8.5.1 Overview
8.5.2 Agriculture: Asia Pacific GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Asia Pacific GMRS Radio Market- Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific GMRS Radio Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific GMRS Radio Market Breakdown, by Country
9.1.1.1 China: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
9.1.1.1.1 China: Asia Pacific GMRS Radio Market Breakdown, By Type
9.1.1.1.2 China: Asia Pacific GMRS Radio Market Breakdown, By Application
9.1.1.2 India: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
9.1.1.2.1 India: Asia Pacific GMRS Radio Market Breakdown, By Type
9.1.1.2.2 India: Asia Pacific GMRS Radio Market Breakdown, By Application
9.1.1.3 Japan: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
9.1.1.3.1 Japan: Asia Pacific GMRS Radio Market Breakdown, By Type
9.1.1.3.2 Japan: Asia Pacific GMRS Radio Market Breakdown, By Application
9.1.1.4 Australia: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
9.1.1.4.1 Australia: Asia Pacific GMRS Radio Market Breakdown, By Type
9.1.1.4.2 Australia: Asia Pacific GMRS Radio Market Breakdown, By Application
9.1.1.5 South Korea: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
9.1.1.5.1 South Korea: Asia Pacific GMRS Radio Market Breakdown, By Type
9.1.1.5.2 South Korea: Asia Pacific GMRS Radio Market Breakdown, By Application
9.1.1.6 Rest of Asia Pacific: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030
9.1.1.6.1 Rest of Asia Pacific: Asia Pacific GMRS Radio Market Breakdown, By Type
9.1.1.6.2 Rest of Asia Pacific: Asia Pacific GMRS Radio Market Breakdown, By Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Product Development
11. Company Profiles
11.1 Tidradio
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Quanzhou Chierda Electronic Telecom Co Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 WOUXUN ELECTRONICS CO., LTD.,
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Midland Radio Corp
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Hongkong Retevis Trade Co Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Fujian Baofeng Electronics Co Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Iradio Electronics Co Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 QYT Electronics Co Ltd
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About Research Team
12.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific GMRS Radio Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Country (US$ Million)
Table 3. China: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Type (US$ Million)
Table 4. China: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 5. India: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Type (US$ Million)
Table 6. India: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 7. Japan: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Type (US$ Million)
Table 8. Japan: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 9. Australia: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Type (US$ Million)
Table 10. Australia: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 11. South Korea: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Type (US$ Million)
Table 12. South Korea: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 13. Rest of Asia Pacific: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Type (US$ Million)
Table 14. Rest of Asia Pacific: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific GMRS Radio Market Segmentation
Figure 2. Asia Pacific GMRS Radio Market Segmentation – By Country
Figure 3. Asia Pacific GMRS Radios Market Overview
Figure 4. Handheld Segment held the Largest Share of Asia Pacific GMRS Radio Market
Figure 5. China held the Largest Share of Asia Pacific GMRS Radio Market
Figure 6. APAC: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Asia Pacific GMRS Radio Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific GMRS Radio Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Asia Pacific GMRS Radio Market Revenue Share, By Type (2022 and 2030)
Figure 11. Handheld: Asia Pacific GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 12. In-vehicle: Asia Pacific GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 13. Asia Pacific GMRS Radio Market Revenue Share, By Application (2022 and 2030)
Figure 14. Recreational: Asia Pacific GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 15. Off-road: Asia Pacific GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 16. Agriculture: Asia Pacific GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 17. Others: Asia Pacific GMRS Radio Market- Revenue and Forecast to 2030 (US$ Million)
Figure 18. Asia Pacific GMRS Radio Market, by Key Country- Revenue (2022) (US$ Million)
Figure 19. Asia Pacific GMRS Radio Market Breakdown, by Country, 2022 & 2030 (%)
Figure 20. China: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 (US$ Million)
Figure 21. India: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 (US$ Million)
Figure 22. Japan: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 (US$ Million)
Figure 23. Australia: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 (US$ Million)
Figure 24. South Korea: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 (US$ Million)
Figure 25. Rest of Asia Pacific: Asia Pacific GMRS Radio Market, Revenue and Forecast to 2030 (US$ Million)
The List of Companies – Asia Pacific General Mobile Radio Service (GMRS) Market
o Fujian Baofeng Electronics Co Ltd
o Hongkong Retevis Trade Co Ltd
o Iradio Electronics Co Ltd
o Midland Radio Corp
o Quanzhou Chierda Electronic Telecom Co Ltd
o QYT Electronics Co Ltd
o Tidradio
o WOUXUN ELECTRONICS CO., LTD.
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