The two-way radio market in Korea is expected to grow at a CAGR of 5.8% from 2025 to 2030, driven by the nation's emphasis on advanced public safety communication systems and smart city infrastructure. The government's push for disaster preparedness and rapid response technologies continues to fuel demand for mission-critical communication tools. Furthermore, integration with LTE and 5G networks is allowing hybrid two-way radio systems to gain traction, especially among transport and utility sectors. However, the market faces restraints from high urban penetration of smartphones, which often serve as alternative communication tools for enterprises. Despite this, the need for secure, interference-free, and instant communication is sustaining demand among law enforcement and construction companies. Ongoing trends include the adoption of digital mobile radios (DMR) and software-defined radio (SDR) technologies, enabling customizable communication protocols.
TABLE - Korea Two-Way Radio Market Size & Forecast By Type 2021-2033
Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Analog Radios | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Digital Radios | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
- DMR | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
- TETRA | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
- P25 | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis
TABLE - Korea Two-Way Radio Market Size & Forecast By Application 2021-2033
Application | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Public Safety | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Commercial | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
- Retail | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
- Hospitality | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
- Logistics | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Industrial | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
- Construction | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
- Manufacturing | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
- Oil & Gas | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Defense & Military | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis
TABLE - Korea Two-Way Radio Market Size & Forecast By Frequency Band 2021-2033
Frequency Band | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Very High Frequency (VHF) | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Ultra High Frequency (UHF) | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis