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Walkie Talkie Market size is set to grow by USD 2.26 billion from 2024-2028, Shift to digital walkie talkies boost the market, Technavio

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NEW YORK, June 28, 2024 /PRNewswire/ — The global walkie talkie market size is estimated to grow by USD 2.26 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.75%  during the forecast period. Shift to digital walkie talkies is driving market growth, with a trend towards convergence of LTE networks with LMR technology. However, increasing data congestion poses a challenge. Key market players include Cedar Electronics Corp., Entel UK Ltd., Fujian Baofeng Electronics Co. Ltd., Fujian BelFone Communications Technology Co. Ltd., Garmin Ltd., Hytera Communications Corp. Ltd., Icom Inc., JVCKENWOOD Corp., Kirisun Communication Co. Ltd., Midland Radio Corp., Motorola Solutions Inc., Quansheng Electronics Co. Ltd., Quanzhou Senhaixun Electronic Technology Co. Ltd., Shenzhen HQT Science and Technology Co. Ltd., SWIFTCOM TECHNOLOGY PTE LTD., Tait International Ltd., TALKPRO, Uniden America Corp., VITAI Electronics Co. Ltd., and Wintec Co. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Walkie Talkie Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.75%

Market growth 2024-2028

USD 2261 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.35

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 53%

Key countries

US, China, Germany, Japan, and UK

Key companies profiled

Cedar Electronics Corp., Entel UK Ltd., Fujian Baofeng Electronics Co. Ltd., Fujian BelFone Communications Technology Co. Ltd., Garmin Ltd., Hytera Communications Corp. Ltd., Icom Inc., JVCKENWOOD Corp., Kirisun Communication Co. Ltd., Midland Radio Corp., Motorola Solutions Inc., Quansheng Electronics Co. Ltd., Quanzhou Senhaixun Electronic Technology Co. Ltd., Shenzhen HQT Science and Technology Co. Ltd., SWIFTCOM TECHNOLOGY PTE LTD., Tait International Ltd., TALKPRO, Uniden America Corp., VITAI Electronics Co. Ltd., and Wintec Co. Ltd.

Market Driver

The walkie talkie market is experiencing growth due to the integration of LTE and LMR networks. Emergency services seek to utilize LTE’s expanded bandwidth for increasing data requirements. The Third Generation Partnership Project (3GPP) has been collaborating to adapt LTE standards for public safety needs. Real-time video streaming from LTE-enabled devices is essential for situational awareness in law enforcement. Vendors like Tait Communication offer applications that connect radio, cellular, and WiFi networks, enhancing the market’s potential. 

The Walkie Talkie market is experiencing significant growth, with numerous companies offering innovative communication solutions. Devices with long battery life and clear audio quality are in high demand. Transmission range and durability are also key factors driving sales. Additionally, the integration of walkie talkies with other technologies, such as GPS and Wi-Fi, is a trend that is gaining traction. Companies are also focusing on developing walkie talkies with advanced features like push-to-talk over cellular networks and Bluetooth connectivity. The market is expected to continue growing due to its applications in various industries, including construction, manufacturing, and logistics. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The Walkie Talkie market may experience challenges due to data congestion, which reduces network quality when data exceeds ideal handling capacity. Effects include packet loss, blocked connections, and queueing delays. Data congestion arises from insufficient bandwidth or excessive traffic. In contrast, modern cellular networks like LTE use voice over LTE (VoLTE), sending compressed data packets for clearer voice and faster communication without congestion. This negatively impacts the Walkie Talkie market growth during the forecast period.The Walkie Talkie market faces several challenges in today’s business landscape. Keywords such as communication, technology, and compatibility are crucial. Ensuring seamless communication between teams is a significant challenge. Keeping up with the latest technology trends is another hurdle. Compatibility issues between different Walkie Talkie models can also cause problems. Handling and handling costs, as well as battery life, are additional concerns. Radios must be durable and reliable in various environments. Transitioning from traditional to digital Walkie Talkies is a major shift for many organizations. Markets like construction, manufacturing, and logistics heavily rely on Walkie Talkies for efficient operations. Addressing these challenges requires continuous innovation and improvement in Walkie Talkie technology.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This walkie talkie market report extensively covers market segmentation by  

Product 1.1 Digital1.2 AnalogApplication 2.1 Industry and commerce2.2 Government and utility2.3 DefenseGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Digital-  Digital walkie talkies offer numerous advantages over traditional analog radios in the market. These benefits include the ability to support multiple conversations on one channel, reduce background noise, and consume less bandwidth. Digital radios also offer text messaging, data tracking, and emergency alarm features. With compatibility with analog radios, the transition to digital technology is smoother. New software applications and the use of both digital and analog radios simultaneously are additional advantages. The global walkie talkie market is expected to grow due to these functional and performance enhancements.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Walkie Talkie market encompasses a wide range of portable communication devices, including two-way radios, hand-held transceivers, and wireless handsets. These communication tools are essential for various industries and applications, such as construction sites, emergency services, and outdoor events. The market for walkie talkie sets continues to grow due to the increasing demand for reliable, wireless communication solutions that offer convenience and mobility. Radio equipment manufacturers are constantly innovating to improve the functionality and features of these devices, making them an indispensable communication tool for businesses and individuals alike.

Market Research Overview

The Walkie Talkie market encompasses the production, distribution, and sale of portable two-way radios, also known as walkie-talkies. These devices enable real-time communication between users in various industries, including construction, manufacturing, transportation, and event management. Walkie Talkies offer advantages such as long battery life, durability, and ease of use. They come in various forms, including handheld models and wearable devices. The market is driven by factors such as increasing demand for efficient communication solutions and technological advancements in the sector. Additionally, the market is witnessing the emergence of digital walkie-talkies, which offer features like longer range, better sound quality, and integration with other communication systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductDigitalAnalogApplicationIndustry And CommerceGovernment And UtilityDefenseGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Macrogen Consortium win tender for National Bio Big Data Project

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Illumina is proud to be selected as sequencing technology partner to the Macrogen Consortium.

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — Macrogen a global healthcare company that specializes in precision medicine and Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, announced today that they are honoured to support the National Bio Big Data project by sequencing and analysing 145,952 Korean genomes.

The National Bio Big Data Project project has been running in Korea as a pilot project since 2020. During this period about 20,000 genomes were analysed, 10,000 of these including people with a rare disease. The ultimate goal is to enable precision medicine by building a reference genome for about 770,000 Koreans by 2028 and a total of 1 million by 2032.  

“Being a part of this step change to improving public health in Korea through the voluntary collection and analysis of genomic, clinical and life record information from the general public, is paramount to ensure precision medicine becomes a standard of care for all Koreans,” said Changhoon Kim, CEO Macrogen.

“Illumina is pleased to be a part of the Korean bio industry ecosystem and to participate in such an important national project. We look forward to contributing to Korea by bringing our expertise and lessons learned from our direct involvement in leading pop gen projects around the world,” said Robert McBride, General Manager of Illumina Korea.

People across the globe have very similar genes but a small number of variants between populations can impact health. For example, some variants are associated closely with particular diseases such as cystic fibrous.[1]These variants can present differently in populations and have a significant impact on how individuals respond to medicines and treatments. Therefore, it is beneficial for Koreans to have information available that is unique to them.

Worldwide, the number of pop gen projects is expanding rapidly, including the UK, Japan, Singapore, Qatar, the United Arab Emirates, and Nigeria.

“Population genome projects are growing worldwide with many programs reaching significant milestones. But despite this inequity remains with the majority of genome datasets being of European descent. This means we have a lot of information how to develop drugs for European populations but this doesn’t translate in any meaningful way to other nationalities, said Robert McBride.

Population genomics provides a platform for industry engagement and investment, specifically in the pharmaceutical, biotechnology, and data sectors. By integrating large, diverse data sets and using advanced computing technology (such as artificial intelligence or machine learning), health systems and partners are optimally positioned to unlock the power of the genome even further, while improving quality of life and care and fostering economic growth.

“Precision medicine is changing how diseases are treated and this benefits everyone. For patients, treatments often work better when decisions are based around an individual’s genome, for drug companies it can reduce cost of development and for governments there are long term savings related to less waste and healthier patients,” said Changhoon Kim.

References

[1] https://www.genome.gov/about-genomics/educational-resources/fact-sheets/human-genomic-variation#:~:text=How%20do%20peoples’%20genomes%20vary,person%20responds%20to%20certain%20medications.

About Macrogen

Macrogen is a global genetic service provider, partnered with over 18,000 scientists in 150+ countries, and with more than 20 years of experience in the industry.

Established in 1997, from the Genome Medical Research Institute of Seoul National University, Macrogen has become a major service provider and consulting agent for government agencies, universities and research institutes around the world.

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit www.illumina.com and connect with us on X (Twitter), Facebook, LinkedIn, Instagram, TikTok, and YouTube

About the Consortium

Macrogen Consortium members include the following companies: DNA Link, Theragen Bio, and CG Invites

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/macrogen-consortium-win-tender-for-national-bio-big-data-project-302335981.html

SOURCE Illumina

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As 2025 IRS Mileage Rate Hits 70 Cents, Expert Warns: Ditch Risky Apps for Secure Paper Tracking

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Gig economy expert Ed Ryder warns against the risks of mileage tracking apps, and advocates using paper-based tracking methods instead. He introduces The Big Mileage Form, a secure alternative developed over two years to meet the specific needs of food delivery gig workers. Ryder highlights recent tech failures, like the July 2024 global IT outage, to underscore the vulnerabilities of digital solutions. The press release also mentions Ryder’s significant mileage deduction using his form and directs readers to GigCoach.net for additional resources, including a consumer tutorial to drive better food delivery outcomes and a gig coach training program.

PHILADELPHIA, Dec. 22, 2024 /PRNewswire-PRWeb/ — As the IRS announces a standard mileage rate of 70 cents per mile for 2025, gig economy expert Ed Ryder, who has completed over 10,000 deliveries with his own car using major food delivery platforms, urges fellow gig workers to reconsider their mileage tracking methods. While acknowledging the convenience of digital solutions, Ryder advocates for a return to secure, paper-based tracking to protect valuable mileage deductions.

With the mileage rate at 70 cents, accurate tracking is crucial for gig workers and small business owners. Mileage apps seem convenient, but they risk data loss from outages, glitches, and cyber attacks. Many overlook these significant dangers.

“With the mileage rate increasing to 70 cents, accurate tracking is more crucial than ever for gig workers and small business owners,” says Ryder, creator of The Big Mileage Form. “While mileage tracking apps seem convenient, they come with significant risks that many overlook. Network outages, app glitches, and cyber attacks can jeopardize months of data.”

Ryder points to the July 2024 global IT outage as a prime example of technology’s vulnerabilities. “A faulty software update caused mass airline disruptions and impacted other industries, catching major corporations off guard. This incident highlights that even in our digital age, software isn’t infallible. For me, I simply won’t trust mileage tracking apps with my most important tax deduction.”

To address these concerns, Ryder developed a comprehensive, paper-based solution. “I spent two years perfecting The Big Mileage Form, tailoring it to the specific needs of food delivery gig workers,” he explains. “At 11×17 inches, it provides ample space for detailed record-keeping and, crucially, it’s immune to software glitches, data breaches, and ransomware attacks.”

Ryder’s meticulous paper-based record-keeping resulted in a mileage deduction exceeding $19,000 on his 2023 federal taxes. “All my business-related miles are thoroughly documented on paper. I’m fully prepared to defend this deduction in case of an audit. This level of confidence is what I aim to provide other gig workers.”

“In today’s digital age, sometimes the most secure solution is the simplest one,” Ryder concludes. “My form not only ensures data security but also prepares users for potential IRS audits. It’s time to reconsider the old-fashioned, but reliable pen-and-paper method.”

For those interested in learning more about effective mileage tracking and other aspects of gig work, Ryder offers valuable resources on GigCoach.net. These include a tutorial for consumers titled ‘Fair Deal Delivery,’ which provides insights on how to improve food delivery outcomes. Additionally, experienced food delivery couriers can explore Ryder’s gig coach training program. Visit GigCoach.net to access these resources and learn more about The Big Mileage Form.

Media Contact

Ed Ryder, Match Experiment LLC, 1 484-493-8740, hello@ideamaned.com, gigcoach.net

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SOURCE Gig economy expert Ed Ryder

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DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Ascension Health Customers Whose Data May Have Been Compromised

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NEWTOWN, Pa., Dec. 22, 2024 /PRNewswire/ — The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by Ascension Health (“Ascension”). Ascension learned of suspicious activity on or about May 8, 2024. To join this case, go HERE.

About Ascension Health

Ascension is a prominent non-profit health system in the nation and operates under Catholic principles.

What happened?

On or about May 8, 2024, Ascension detected unauthorized activity in its computer systems. Ascension initiated an investigation, which included retaining consulting cybersecurity experts and notifying the FBI. The investigation determined that between May 7 and 8, 2024, a cybercriminal accessed files containing personal information about Ascension’s patients and employees. This information included names, medical records, payment details, insurance information, government identification numbers, and other personal data such as dates of birth and addresses. Approximately 6 million individuals have been affected by this data breach.

How can I protect my personal data?

If you receive a data breach notification, you must guard against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for suspicious or unauthorized activity. Additionally, you should consider legal options for mitigating such risks.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for customers whose sensitive personal and patient data may have been compromised by the Ascension data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492
Email: medelson@edelson-law.com
Web:  www.edelson-law.com 

About Edelson Lechtzin LLP
Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so counsel does not represent you unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing now. Your ability to share in any potential future recovery does not depend on serving as lead plaintiff.

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SOURCE Edelson Lechtzin LLP

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