Industry Background:
The global CB Radio market is expected to witness high demand in the forecasted period due to rising usage in the land mobile system. Citizens band radio also is known as CB radio. It is mostly used in the land mobile radio system in various countries. It is a system allowing short-distance person-to-person bidirectional voice communication between individuals, using two-way radios operating on 40 channels near 27 MHz (11 m) in the high-frequency band. The increasing focus on improving communication technologies among law enforcement agencies and public safety organizations is primarily driving the adoption of CB radio.
According to AMA Research, the market for CB Radio is expected to register a CAGR of 2.31% during the forecast period to 2027. This growth is primarily driven by Increasing Usage in the Transportation Industry
.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Dominating Type | HandHeld CB Radio |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electronic Equipment & Instruments sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Cobra Electronics Corporation (United States), Uniden America Corporation (United States), Midland (United States), Motorola (United States), President Electronics (United States), Stryker Radios (United States) and Intek (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Influencing Trend:
Increasing Demand due to Use in Land Mobile System and High Adoption of Portable Mobile
Market Growth Drivers:
Increasing Usage in the Transportation Industry and High Adoption for Amateur Radio Service
Restraints:
The Concern Regarding Limited Range of the CB Radio
Opportunities:
High Adoption From The Developing Countries in the Defense Industry and Technological Innovation Associated with CB Radio
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of CB Radio Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of CB Radio Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of CB Radio players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, CB Radio Study Sheds Light on
The CB Radio Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the CB Radio industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where CB Radio industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.