Communication devices market is anticipated to grow at a CAGR of 7.9% during the forecast period (2024-2031). Communication devices are electronic devices that can send digital or analog signals wirelessly or via a wired network.
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One critical driver of the global communication devices market is the ongoing expansion and upgrade of communication infrastructure. For instance, the Shared Rural Network initiative, BDUK, DSIT, and MNOs hope to provide dependable 4G coverage to 95% of the UK’s landmass by the end of December 2025. Programs that seek to establish favorable circumstances for technology investment in anticipation of the UK’s future connectivity requirements are also funded by DSIT. Its ambitions are outlined in the Wireless Infrastructure Strategy until 2023. Further , in May 2023, Texas lawmakers have passed a bill to allot $1.5 billion to an infrastructure fund, which will increase the availability of internet service to 7 million more people in a state where 7 million do not have it. Such huge scale investment in communication infrastructure development is driving the global market growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Communication Devices Market Report Segment
By Type
- Walkie Talkies
- Phones
- Radios
- Tablets
- AR glasses
- Others
By Application
- Automotive
- Military
- Healthcare
- Telecommunication
- Consumer Electronics
- Security and Surveillance
- Others
Global Communication Devices Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the globalCommunication Devicesmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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