Portland, OR, July 06, 2022 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global radio headset market was accounted for $4.4 billion in 2021, and is estimated to reach $6.9 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.
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Increase in demand for aviation solution, increase in demand for military & defense solutions drive the global radio headset market. However, strict spectrum regulations from the government hinder the market growth. On the contrary, advancements in communication technologies are expected to open new opportunities in the future.
Covid-19 Scenario
- The pandemic significantly impacted the market due to non-availability of the professional and skilled workforce.
- Delay or cancelation of projects due to partial or complete lockdown hampered the market growth.
- However, surge in adoption of smart infrastructure solutions would strengthen the market post-pandemic.
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The report divides the global radio headset market on the basis of type, application, and region.
Based on type, the headband segment held the largest share in 2021, accounting for nearly half of the market. However, the neckband segment is projected to manifest the highest CAGR of 6.6% during the forecast period.
On the basis of application, the military segment held the lion’s share in 2021, contributing to more than one-third of the market. However, the industrial segment is estimated to portray the highest CAGR of 6.8% from 2022 to 2031.
The report offers an analysis of the market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion’s share in 2021, accounting for more than two-fifths of the market. However, the market across Europe is anticipated to showcase the highest CAGR of 6.2% during the forecast period.
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The global radio headset market report includes an in-depth analysis of the prime market players such as 3M, Code Red Headsets, Honeywell International Inc., MSA Safety Incorporated, Pilot Communications USA, Ray talk Communications Ltd., Roanwell Corporation LLC, Sonetics Corporation, Television Equipment Associatiosn, Inc., and Telex Communications, Inc.
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