
North America General Mobile Radio Service (GMRS) Radios Market
No. of Pages: 100 | Report Code: BMIRE00029329 | Category: Electronics and Semiconductor
No. of Pages: 100 | Report Code: BMIRE00029329 | Category: Electronics and Semiconductor
There has been a rise in off-road and recreational activities among travellers 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 travellers 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 travellers 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 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.
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 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 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 into 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.
Strategic insights for the North America General Mobile Radio Service (GMRS) Radios provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 98.21 Million |
Market Size by 2030 | US$ 117.11 Million |
Global CAGR (2023 - 2030) | 2.5% |
Historical Data | 2021-2022 |
Forecast period | 2024-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America General Mobile Radio Service (GMRS) Radios refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America General Mobile Radio Service (GMRS) Radios Market is valued at US$ 98.21 Million in 2023, it is projected to reach US$ 117.11 Million by 2030.
As per our report North America General Mobile Radio Service (GMRS) Radios Market, the market size is valued at US$ 98.21 Million in 2023, projecting it to reach US$ 117.11 Million by 2030. This translates to a CAGR of approximately 2.5% during the forecast period.
The North America General Mobile Radio Service (GMRS) Radios Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America General Mobile Radio Service (GMRS) Radios Market report:
The North America General Mobile Radio Service (GMRS) Radios Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America General Mobile Radio Service (GMRS) Radios Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America General Mobile Radio Service (GMRS) Radios Market value chain can benefit from the information contained in a comprehensive market report.