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Industry Landscape

The wireless communication solutions industry is experiencing steady growth driven by increasing demand for reliable and secure communication in various sectors. Digital transformation, the expansion of private LTE networks, and the integration of IoT devices are key trends. Emphasis on managed services and customized solutions is growing, particularly in critical communication environments.

Industries:
Two-way RadioPrivate LTEDASIoTCritical Communications

Total Assets Under Management (AUM)

Two-Way Radio Market Size in United States

~Approximately $4.7 billion (USD) in North America (2022)

(CAGR of 7.2% (2023-2028) CAGR)

- Increasing demand from commercial sectors.

- Growth in public safety and defense applications.

- Technological advancements like digital radios and PoC solutions.

Total Addressable Market

7.5 billion USD

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating