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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)
Market Report I 2023-08-21 I 102 Pages I The Insight Partners
The Asia Pacific General Mobile Radio Service (GMRS) Market is expected to grow from US$ 11.12 million in 2023 to US$ 14.17 million by 2030. It is estimated to grow at a CAGR of 3.5% from 2023 to 2030.
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.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research 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 The Insight Partners
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)
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