North America General Mobile Radio Service (GMRS) Radios Market Forecast to 2030
North America General Mobile Radio Service (GMRS) Radios Market Forecast to 2030–Regional Analysis– by Type (Handheld and In-vehicle) and Application (Recreational, Off-road, Agriculture, and Others)
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Description
Increase in Off-road and Recreational Activities Fuels North America General Mobile Radio Service (GMRS) Radios Market
There has been a rise in off-road and recreational activities among travelers worldwide. In April 2022, the Kampgrounds of America, Inc. (KOA), an American franchise of privately owned campgrounds, observed tremendous growth in new campers in the US and Canada. According to the survey conducted by the company, 40% of leisure trips resulted in camping, and ~80% of all leisure travelers choose camping or glamping for at least some of their trips. Approximately 57 million households stated that they went on at least one camping trip last year, an 18% increase in 2021 compared to 2020. The travelers also experienced that camping and outdoor activities reduce stress and improve their emotional well-being. In addition, 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. A few racing events that take place in the US are AZOP (Kingman Grand Prix), LEGACY (Baja Nevada), SADR (Tequila 150), and CODE (VW Autopartes Night Race). 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 North America general mobile radio service (GMRS) radios market growth during the forecast period.
North America General Mobile Radio Service (GMRS) Radios Market Overview
North America is a developed region and an early adopter of advanced solutions. The agricultural sector is one of the major contributors to the economic growth of the region. In addition, with the rise in population, the demand for agricultural products for consumption is also increasing. For instance, according to the US Department of Agriculture, agricultural exports in the country were valued at US$ 177 billion in 2021, an increase of 18% compared to 2020. This rise in export activities resulted in increased farm operations to meet the growing demand for agricultural products. Therefore, in the agricultural sector, farm operators use two-way communication radios in large farm fields to communicate farm-related information effectively and efficiently. GMRS radios help farm operators communicate over a channel and act as a cost-effective solution over mobile phones where the communication network fluctuates. Also, the presence of players such as BAOFENG TECH and MIDLAND Radio is fueling the GMRS radios market growth.
North America General Mobile Radio Service (GMRS) Radios Market Revenue and Forecast to 2030 (US$ Million)
North America General Mobile Radio Service (GMRS) Radios Market Segmentation
The North America general mobile radio service (GMRS) radios market is segmented into type, application, and country.
Based on type, the North America general mobile radio service (GMRS) radios market is bifurcated into handheld and in-vehicle. The handheld segment accounted a larger share of the North America general mobile radio service (GMRS) radios market in 2023.
Based o n application, the North America general mobile radio service (GMRS) radios market is segmented into recreational, off-road, agriculture, and others. The recreational segment held the largest share of the North America general mobile radio service (GMRS) radios market in 2023.
Based on country, the North America general mobile radio service (GMRS) radios market is segmented int o the US, Canada, and Mexico. The US dominated the share of the North America general mobile radio service (GMRS) radios 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, Rugged Race Products Inc, Sainstore Inc, Tidradio, and WOUXUN ELECTRONICS CO LTD are some of the leading companies operating in the North America general mobile radio service (GMRS) radios market.
Summary Info
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According to the research team’ research, the North America general mobile radio service (GMRS) radios market was valued at US$ 98.21 million in 2023 and is expected to reach US$ 117.11 million by 2030 registering a CAGR of 2.5% from 2023 to 2028. Benefits of using GMRS radios in agricultural sector is the critical factors attributed to the North America general mobile radio service (GMRS) radios market expansion.
GMRS radios are used for short-distance, two-way voice communications using hand-held radios, mobile radios, and repeater systems. They are widely used in agriculture, recreational activities, camping, hiking, and other commercial applications. The introduction of enhanced features and new functionality compared to previous models can attract new customers and encourage existing users to upgrade their equipment. The advanced features provide more reliable and efficient communications between users. Therefore, the market players are incorporating additional features into their existing GMRS radios. For instance, in May 2022, BAOFENG TECH launched GMRS-V2, an advanced version of GMRS-V1 with additional features such as new in-house custom chipsets and firmware. It consists of 200 completely programmable channels that can be arranged, modified, and used as GMRS, NOAA, or scanner channels, offering users a customized choice to switch between channels. Thus, such additional features attract several end users to adopt advanced two-way communication systems for better radio performance, leads to its adoption.
On the contrary, stringent government rules for GMRS radios usage hampers the North America general mobile radio service (GMRS) radios market.
Based on type, the North America general mobile radio service (GMRS) radios market is bifurcated into handheld and in-vehicle. The handheld segment held 62.2% share of North America general mobile radio service (GMRS) radios market in 2023, amassing US$ 61.05 million. It is projected to garner US$ 71.13 million by 2028 to expand at 2.2% CAGR during 2023–2028.
Based on application, the North America general mobile radio service (GMRS) radios market is segmented into recreational, off-road, agriculture, and others. The recreational segment held 40.2% share of North America general mobile radio service (GMRS) radios market in 2023, amassing US$ 39.44 million. It is projected to garner US$ 45.56 million by 2028 to expand at 2.1% CAGR during 2023–2028.
Based on country, the North America general mobile radio service (GMRS) radios market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 85.6% share of North America general mobile radio service (GMRS) radios market in 2023. It was assessed at US$ 84.04 million in 2023 and is likely to hit US$ 101.30 million by 2030 exhibiting a CAGR of 2.7% during 2023–2028.
Key players operating in the North America general mobile radio service (GMRS) radios 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, Rugged Race Products Inc, Sainstore Inc, Tidradio, and WOUXUN ELECTRONICS CO LTD, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America general mobile radio service (GMRS) radios 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 North America general mobile radio service (GMRS) radios 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 North America 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 North America GMRS Radio Market – By Type
1.3.2 North America GMRS Radio Market – By Application
1.3.3 North America GMRS Radio Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America GMRS Radio Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America 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 – North America Analysis
6.1 North America GMRS Radio Market Overview
6.2 North America GMRS Radio Market – Revenue and Forecast to 2030 (US$ Million)
7. North America GMRS Radio Market Analysis – By Type
7.1 Overview
7.2 North America GMRS Radio Market, By Type (2022 and 2030)
7.3 Handheld
7.3.1 Overview
7.3.2 Handheld: North America GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
7.4 In-vehicle
7.4.1 Overview
7.4.2 In-vehicle: North America GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
8. North America GMRS Radio Market Analysis – By Application
8.1 Overview
8.2 North America GMRS Radio Market, By Application (2022 and 2030)
8.3 Recreational
8.3.1 Overview
8.3.2 Recreational: North America GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
8.4 Off-road
8.4.1 Overview
8.4.2 Off-road: North America GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
8.5 Agriculture
8.5.1 Overview
8.5.2 Agriculture: North America GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: North America GMRS Radio Market- Revenue and Forecast to 2030 (US$ Million)
9. North America GMRS Radio Market – Country Analysis
9.1 Overview
9.1.1 North America GMRS Radio Market Breakdown, by Country
9.1.1.1 US: North America GMRS Radio Market, Revenue and Forecast to 2030
9.1.1.1.1 Canada: North America GMRS Radio Market Breakdown, By Type
9.1.1.1.2 US: North America GMRS Radio Market Breakdown, By Application
9.1.1.2 Canada: North America GMRS Radio Market, Revenue and Forecast to 2030
9.1.1.2.1 Canada: North America GMRS Radio Market Breakdown, By Type
9.1.1.2.2 Canada: North America GMRS Radio Market Breakdown, By Application
9.1.1.3 Mexico: North America GMRS Radio Market, Revenue and Forecast to 2030
9.1.1.3.1 Mexico: North America GMRS Radio Market Breakdown, By Type
9.1.1.3.2 Mexico: North America 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 Rugged Race Products Inc
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 Quanzhou Chierda Electronic Telecom 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 WOUXUN ELECTRONICS CO., LTD.,
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 Midland Radio Corp
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 Hongkong Retevis Trade 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 Fujian Baofeng 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 Sainstore Inc
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
11.9 Iradio Electronics Co Ltd
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 QYT Electronics Co Ltd
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About Research Team
12.2 Word Index
LIST OF TABLES
Table 1. North America GMRS Radio Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. North America GMRS Radio Market, Revenue and Forecast to 2030 – By Country (US$ Million)
Table 3. Canada: North America GMRS Radio Market, Revenue and Forecast to 2030 – By Type (US$ Million)
Table 4. US: North America GMRS Radio Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 5. Canada: North America GMRS Radio Market, Revenue and Forecast to 2030 – By Type (US$ Million)
Table 6. Canada: North America GMRS Radio Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 7. Mexico: North America GMRS Radio Market, Revenue and Forecast to 2030 – By Type (US$ Million)
Table 8. Mexico: North America GMRS Radio Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. North America GMRS Radio Market Segmentation
Figure 2. North America GMRS Radio Market Segmentation – By Country
Figure 3. North America GMRS Radio Market Overview
Figure 4. Handheld Segment held the Largest Share of North America GMRS Radio Market
Figure 5. The US held the Largest Share of North America GMRS Radio Market
Figure 6. North America: PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America GMRS Radio Market Impact Analysis of Drivers and Restraints
Figure 9. North America GMRS Radio Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. North America GMRS Radio Market Revenue Share, By Type (2022 and 2030)
Figure 11. Handheld: North America GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 12. In-vehicle: North America GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 13. North America GMRS Radio Market Revenue Share, By Application (2022 and 2030)
Figure 14. Recreational: North America GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 15. Off-road: North America GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 16. Agriculture: North America GMRS Radio Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 17. Others: North America GMRS Radio Market- Revenue and Forecast to 2030 (US$ Million)
Figure 18. North America GMRS Radio Market, by Key Country- Revenue (2022) (US$ Million)
Figure 19. North America GMRS Radio Market Breakdown, by Country, 2022 & 2030 (%)
Figure 20. US: North America GMRS Radio Market, Revenue and Forecast to 2030 (US$ Million)
Figure 21. Canada: North America GMRS Radio Market, Revenue and Forecast to 2030 (US$ Million)
Figure 22. Mexico: North America GMRS Radio Market, Revenue and Forecast to 2030 (US$ Million)
The List of Companies – North America General Mobile Radio Service (GMRS) Radios 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 Rugged Race Products Inc
o Sainstore Inc
o Tidradio
o WOUXUN ELECTRONICS CO LTD
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