Global Communication Devices Market boom: Factors Driving Growth

Published: Apr 2024

Global Communication Devices market is anticipated to grow at a CAGR of 7.9% during the forecast period (2024-2031). The global Communication Devices industry is experiencing a period of dynamic growth fueled by a confluence of diverse factors. The global demand for communication devices is surging. Constant need for connection, both personal and professional, fuels the desire for ever-better smartphones, tablets, and laptops. Advancements like faster processors and improved cameras keep these devices alluring, driving upgrades.  Expanding internet access in developing economies creates new markets hungry for connection.  Finally, the rise of mobile data use and content streaming necessitates powerful devices, further propelling demand across all sectors. This confluence of factors ensures a strong and sustained market for communication devices in the years to come.  Beyond traditional uses, communication devices are also becoming integrated into emerging fields like augmented reality, creating exciting possibilities for the future. Additionally, the growing importance of remote work and education further emphasizes the need for reliable and feature-rich devices. As technology continues to evolve at a rapid pace, we can expect even more innovative communication devices to emerge, shaping the way we connect and interact with the world around us. 

Browse the full report description of “Communication Devices Market Size, Share & Trends Analysis Report by type (Walkie Talkies, Phones, Radios, Tablets, AR glasses, and Others) and by Application (Automotive, Military, Healthcare, Telecommunication, Consumer Electronics, Security and Surveillance, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/communication-devices-market

In March 2024, The General Directorate of Coasts and Borders Security, on behalf of the Ministry of Interior, will have a sizable exhibit at the eighth annual Doha International Maritime Defense Exhibition and Conference (DIMDEX 2024), which takes place over three days at the Qatar National Convention Center on March 4 to 6, 2024. Along with marine equipment, reconnaissance and surveillance planes, and maritime communication systems, the pavilion displays a variety of contemporary boat models that the Directorate uses in its maritime security tasks.

In February 2024, German telecommunications company Deutsche Telekom recently unveiled the Concept T project. This shows consumers what could be the direction of communications in the future through a selection of cutting-edge technology and gadget designs. Concept View is a home hub with a unique feature: Emma, a 3D holographic AI virtual assistant, can help you with video chats and other activities in the virtual world. It resembles a hybrid of a crystal ball and the Lord of the Rings Palantirs, but instead of revealing what lies ahead, it will reveal the technological future.

In November 2023, NASA’s Deep Space Optical Communications (DSOC) experiment has beamed a near-infrared laser encoded with test data from nearly 10 million miles (16 million kilometers) away – about 40 times farther than the Moon is from Earth – to the Hale Telescope at Caltech’s Palomar Observatory in San Diego County, California for the first time. This is the farthest-ever demonstration of optical communications. NASA's successful deep space laser communication demo signifies a breakthrough for future communication devices. This achievement promises faster data transfer in space missions, potentially leading to lighter spacecraft designs. Additionally, the underlying technology holds promise for faster internet and more efficient data transmission on Earth, impacting the devices we use every day.

Market Coverage

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

o By Type

o By Application

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includes Apple Inc., Alphabet Inc Class C (Google), Meta Platforms Inc, Microsoft Corp. and Samsung Electronics Co Ltd among others. 

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

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


To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/communication-devices-market