• January 18, 2021

Global ITS Radio Modem Industry (2020 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com - Odessa American: Business

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Global ITS Radio Modem Industry (2020 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com

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Posted: Thursday, January 7, 2021 6:35 am | Updated: 7:00 am, Thu Jan 7, 2021.

DUBLIN--(BUSINESS WIRE)--Jan 7, 2021--

The "ITS Radio Modem - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global ITS Radio Modem Market to Reach US$238.2 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for ITS Radio Modem estimated at US$143.3 Billion in the year 2020, is projected to reach a revised size of US$238.2 Billion by 2027, growing at a CAGR of 7.5% over the analysis period 2020-2027.

License Free, one of the segments analyzed in the report, is projected to grow at a 8.1% CAGR to reach US$101.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the UHF segment is readjusted to a revised 7.4% CAGR for the next 7-year period. This segment currently accounts for a 18.1% share of the global ITS Radio Modem market.

The U.S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 7% CAGR for the Period of 2020-2027

The ITS Radio Modem market in the U.S. is estimated at US$42.4 Billion in the year 2020. The country currently accounts for a 29.57% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$41.5 Billion in the year 2027 trailing a CAGR of 7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR while Rest of European market (as defined in the study) will reach US$41.5 Billion by the year 2027.

Wi-Fi Segment Corners a 23.7% Share in 2020

In the global Wi-Fi segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$27.2 Billion in the year 2020 will reach a projected size of US$43.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$27.4 Billion by the year 2027.

Competitors identified in this market include, among others:

  • Adeunis
  • Advantech B+B SmartWorx
  • Arada Systems
  • Atim Radiocommunications
  • Autotalks, Ltd.
  • Campbell Scientific Inc.
  • Cohda Wireless Pty Ltd.
  • Commsignia Ltd.
  • Encom Wireless
  • Harris Corporation
  • Intuicom, Inc.
  • Kapsch TrafficCom AG
  • Motorola Solutions, Inc.
  • Pro4 Wireless AB
  • Q-Free ASA
  • SATEL Oy
  • Savari, Inc.
  • Schneider Electric SA
  • Simrex Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • ITS Radio Modem Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 36

For more information about this report visit https://www.researchandmarkets.com/r/v4tuov

View source version on businesswire.com:https://www.businesswire.com/news/home/20210107005491/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY NETWORKS DATA MANAGEMENT

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 01/07/2021 07:34 AM/DISC: 01/07/2021 07:35 AM

http://www.businesswire.com/news/home/20210107005491/en

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