Report: TETRA Terminal Growth Predicted Through 2023
Monday, October 07, 2019 | Comments

A new report from IHS Markit Technology said there is steady growth across sectors for TETRA terminals. The increase in demand is led by the industrial user vertical, where 8% increase in compound annual growth rate (CAGR) is predicted to 2023. Other markets with more than 5% anticipated growth include transport and utilities, while the public-safety market is predicted to grow its TETRA installed base by more than 4% in the 12 months to December 2020.

The North American market leads with an almost 15% CAGR increase in the installed base of active radios forecast to 2023, with Latin America showing almost 6% growth in the same timescale, and Asia heading toward 5%. Growth in Europe is predicted to be less but still on the upward curve, taking into account the expected delivery of both hybrid and broadband terminals in the coming years, while the Middle East and Africa maintain the steady growth the region has seen since 2015.

“Secure mission-critical voice communications coupled with push-to-talk (PTT) capabilities through multiple mediums including smartphones, tablets and desktop computers have become the need of the hour for effective public safety and emergency services,” said Ramya Balakrishnan, senior research analyst, IHS Markit Technology. “Having said that, TETRA has definitely become one of the most dominant technologies in the public-safety domain, with massive refreshes emerging in mature markets. TETRA is also gaining momentum in other business verticals, including transportation and utilities with its new first of the kind deployments in the emerging and developing nations."

The installed base of dual-mode TETRA/Long Term Evolution (LTE) terminals is forecast to increase by more than 100% to 2023, an increase widely anticipated as critical broadband networks emerge. However, that equates to less than 100,000 terminals expected in total during the next three years.

“We continue to see a steady flow of TETRA contract announcements from our members around the world, so it is clear the market is buoyant,” said Tony Gray, TCCA Chief Executive. “We are therefore pleased to see independent verification from IHS Markit that TETRA remains the strong foundation for critical communications. It is particularly interesting to see the predicted growth in North America, where TETRA has only been present for the last few years. This success is testament to the foresight of the companies who have taken the initiative in the U.S. and Canadian markets.”

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