Key Highlights 

  • The push-to-talk market was valued at USD 36.4 billion in 2023, which will rise to USD 73.0 billion, powering at a 10.5% compound annual growth rate, by 2030. 

  • The rising production of ultra-rugged smartphones is because of the surging need for resilient, dependable, and durable mobile devices.  

  • The incorporation of the push-to-talk functionality makes such devices necessary tools for adventurers and authorities facing demanding situations.  

  • With technological improvements, these devices will endure further advancement, delivering even more capabilities and features to cater to the demands of a different user base. 

  • The alignment and standardization of infrastructure platforms provide significant openings for different sectors. A standardized infrastructure platform for PTT is important for flawless interoperability.  

  • This can be because it will enable many makers of PTT devices and systems to smoothly work together. 

  • The rising demand for wireless push-to-talk devices in different industries, including emergency response, corporations, and aerospace & defense, is a major industry driver.  

  • Wireless devices improve total productivity as well as safety by providing end-to-end encryption.  

  • The increasing need for networking devices has opened openings for their software counterparts among smartphone consumers for connecting members and groups. 

Market Insights 

  • North America was the largest contributor to the industry in 2023, with approximately 45% share, and it will further advance at a robust rate during this decade. 
  • This can be because the PTT technology has been largely incorporated into the daily processes of businesses in different sectors across this continent. 
  • The expansion of the industrial, commercial, and residential infrastructure and the presence of many major players are also helping the regional industry expansion. 
  • APAC is likely to advance at the fastest rate, of 14%, in the years to come. This can be ascribed to the increasing count of partnerships between major distributors and players and the improvements in the IT infrastructure. 
  • The development of the transport system in developing APAC nations leads to the increasing count of automobiles on the road, lack of communication between drivers, and high traffic density. 
  • The land mobile radio category accounted for the largest share in 2023, of 80%, and it will continue this trend during this decade. 
  • This can be because land mobile radio provides durable hardware, produced to survive various environmental conditions, along with the capability to function efficiently on dedicated radio frequencies. 
  • The hardware category was the largest contributor to the industry in 2023, with a 55% share, and it will continue this trend during this decade. 
  • This is because of the existence of some major firms offering telecommunications hardware globally, including Bell Canada, AT&T Intellectual Property, Wireless Zeta Telecomunicaciones SL, and ESChat. 
  • The solutions category will advance at the fastest rate, of 12%, in the years to come. This can be because of the introduction of innovative solutions by the companies for improved, durable, and reliable PTT devices. 
  • The government & public safety category accounted for the largest share in 2023, of 35%, and it will also advance at a strong rate during this decade. This is because of the increasing need for push-to-talk devices for public safety. 

 

SOURCE: P&S Intelligence