Two-Way Radio Market Report 2026

The two-way radio market size has grown strongly in recent years. It will grow from $10.68 billion in 2025 to $11.6 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to rising demand from government and public safety agencies, adoption in industrial communication networks, limitations of traditional telephone networks, increased reliance on analog communication in remote areas, growth of commercial and utility applications.

The two-way radio market size is expected to see strong growth in the next few years. It will grow to $15.34 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to integration with IoT and smart city projects, demand for digital walkie-talkies with enhanced features, expansion in electric mobility and transport sectors, adoption in smart manufacturing and Industry 4.0, growth of emergency response and disaster management solutions. Major trends in the forecast period include miniaturization and portability of devices, integration with mobile and wearable platforms, enhanced audio clarity and noise cancellation, extended battery life and power efficiency, adoption of long-range communication solutions.

The growing participation in outdoor recreational activities is anticipated to drive the expansion of the two-way radio market in the coming years. Outdoor recreational activities include a broad range of leisure and pastime pursuits conducted in natural and open-air environments. The rise in participation in these activities is driven by a combination of health benefits, evolving social trends, and an increasing desire to connect with nature. Two-way radios play a vital role in outdoor recreation by providing dependable communication in areas with limited or no cellular coverage, while also enhancing safety and coordination during activities such as hiking and camping. For example, in June 2024, the Outdoor Participation Trend report published by the Outdoor Industry Association (OIA), a US-based non-profit organization, stated that outdoor recreation participation grew by 4.1% in 2023, reaching a record 175.8 million individuals, representing 57.3% of the U.S. population. As a result, the rising adoption of outdoor recreational activities is contributing to the growth of the two-way radio market.

Leading companies in the two-way radio market are innovating advanced solutions, notably portable two-way radios, to enhance mission-critical communication for frontline workers. Portable two-way radios are handheld communication devices enabling wireless transmission and reception of messages. These radios boast versatility, affordability, and ease of use, rendering them ideal for diverse applications such as public safety, construction, and event management. For instance, in November 2023, Hytera Communications Corporation, a China-based communications equipment company, introduced a new generation of intrinsically safe (IS) two-way radio series, including the HP79XEx DMR Portable Two-way Radio and the PT890Ex TETRA Portable Radio. Engineered to augment personnel safety and communication efficiency, these radios are certified by various explosion-proof standards, making them suitable for industries such as oil and gas, mining, chemical, firefighting, and more. Engineered to prevent sparking during use, minimize heat generation, and ensure safety in hazardous environments with flammable dust and vapors.

In July 2024, CSE Crosscom USA Inc., a U.S.-based provider of technology and communications solutions, acquired RFC Wireless Inc. for an undisclosed consideration. Through this acquisition, CSE Crosscom sought to broaden its global presence and enhance its sales and service capabilities in mission-critical communications and security solutions across a wide range of industries. RFC Wireless Inc. is a U.S.-based advanced communications solutions company that focuses on the design, integration, and management of customized two-way radio, broadband, and wireless communication systems for customers operating across multiple platforms and markets.

Major companies operating in the two-way radio market are Raytheon Technologies Corporation, Johnson Controls, Thales Group, Motorola Solutions Inc, Rohde & Schwarz GmbH & Co. KG, JVCKENWOOD Corporation, Kenwood Corporation, Maxon America Inc, TETRA, Codan Limited, Tait Communications, Sepura Limited, Icom Incorporated, Uniden America Corporation, BK Technologies Corporation, Shenzhen HQT Science & Technology Co. Ltd, Midland Radio Corporation, Simoco Wireless Solutions, Ritron Inc, Hytera Mobilfunk GmbH, SFL Mobile Radio, TPL Communications Inc, Thodukonics, Uniden America Corporation, Kirisun Communications Co. Ltd.

North America was the largest region in the two-way radio market in 2025. It is expected to be the fastest-growing region in the forecast period. The regions covered in the two-way radio market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the two-way radio market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The two-way radio market consists of sales of products including handheld walkie-talkies, base stations, repeaters, antennas, digital radios, and analog radios. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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