CB Radio Market Size, Share, Growth, and Global Industry Analysis by Type (Fixed CB Radio and Handheld CB Radio), By Application, based on the Screen Size (Vehicle, Construction, Recreational, and Others), Regional Insights, and Forecast From 2023 To 2031

Updated On: 13 November 2023

CB RADIO MARKET REPORT OVERVIEW

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The global CB radio market size was 188.6 million in 2022 and is projected to touch USD 152.3 million by 2031, exhibiting a CAGR of -3.5% during the forecast period. 

CB radio, also known as citizen’s band radio, is a radio system for short-range radio voice communication that is two-way communication in nature. It is used in many countries that allows short distance bidirectional voice communication amongst people. It is used mainly by homes, offices, vehicles, and other locations. A band radio has a combined transmitter-receiver and an antenna. It has a frequency range of 26.957 MHz to 27.283 MHz.The growing demand for the product is due to its popularity amongst truckers, off-roaders, hobbyists, motorcyclists, and RV owners. It is widely used to navigate through traffic and find an alternate path for traffic jams. The demand is also rising amongst the travelers as it is used by them during long solo trips to help them stay awake and alert. They are also used during natural calamities and disasters to save lives.

COVID-19 Impact: Halt on Outdoor Activities to Decline Market Performance

The global COVID-19 pandemic has been unprecedented and staggering, with the CB radio market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

The COVID-19 pandemic effects are being felt on a global level, markets have been extremely impacted. In 2020, COVID-19 has had a negative impact on many markets. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. Due to a halt on economic activities manufacturing of the radios were also halted. The manufacturing activities were paused due to disruptions in supply chains and shortage of labor. Due to halt on various outdoor activities the demand for such radios were halted due to government strict rules and regulations as to stop the spread of the virus.

LATEST TRENDS

"Wireless Technologies to Propel Market Growth"

Wireless technology is estimated to progress the growth of the global CB radio market. Trend for wireless technologies have been evolving owing to development in communications. Reinventing traditional and conventional two-way communication has made such radios more powerful and accessible. The traditional technology has been in use for a very long time and with new technologies such Bluetooth that allows drivers to connect their smartphones to the devices, touch operation for initiating and terminating calls. Such development of advanced wireless technologies is expected to pose an opportunity and is predicted to drive the demand for the market. 

CB RADIO MARKET SEGMENTATION

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• By Type

Based on type; the market is divided into handheld CB radio and fixed CB radio.

Fixed CB radio is the leading part of the type segment. 

• By Application

Based on the screen size; the market is divided into vehicle, construction, recreational, and others.

Vehicle is the leading part of the application segment.

DRIVING FACTORS

"Uses of the Product in Outdoor Activities to Inflate Market Demand"

The global CB radio market growth is estimated to rise due to its applications in outdoor activities such as fishing, hunting, hiking, off-roading, and other activities. It is a better choice for hunters and a contingency for emergency contacts and services. The popularity is due to its better range, non-requirement of license, and the cost of the equipment is less. It is used most in areas with low visibility. Hikers can benefit from the advantages of such radio for their solo hiking trips and backpackers who get far from main trails. Such advantages of citizen’s radio are anticipated to drive the market demand for the product.    

"Growing Interest Amongst Motorcyclists and RVers to Expand Market Growth"

The popularity and interest amongst RVers and motorcyclists is expected to drive the market demand. They can benefit from the information that truckers share amongst themselves on the highways. Such radios can help in making calls when RVers are out of cell service areas. It is also helpful in coordination of large rides. Such growing adoption of such radio in RVers and motorcyclists is anticipated to drive the demand for the market.

RESTRAINING FACTORS

"New Alternatives to Hamper Market Growth"

There are a number of factors that can drive the growth of the market. Restraining factors such as new alternatives to such radios. Citizen radios have been in the market for a long time and new technologies have enabled the creation of new devices. Cell phones are one of the biggest competitors which allows the users to have private conversation. FRS and GMRS are also other alternatives for such radios. This factor is expected to diminish the demand for the product in the market.

CB RADIO MARKET REGIONAL INSIGHTS

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"North America to Lead Market Due to Investments in Advanced Radio Technologies"

North America holds the largest part of the global CB radio market share due to rising demand from countries such as the U.S. and Canada. Market players in the region are focusing and investing on advanced citizens radio technologies to provide secure communication for the users. Rising outdoor activities such as hiking, fishing, hunting, and off-roading is predicted to drive the market demand. Technological advancements in the region by the players to provide secure communication for different activities is anticipated to increase the market demand. Usage of advanced citizen radios by the users is expected to drive the market growth in the region.

KEY INDUSTRY PLAYERS

"Reinvention by Key Players to Boost Market Performance"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Uniden (Japan)
• Cobra (Cedar Electronics) (U.S.)
• Midland (U.S.)
• Galaxy Audio (U.S.)
• Motorola (U.S.)
• Ranger Communication (Malaysia)
• President Electronics (France)
• Stryker Radios (U.S.)
• GME Pty Ltd (Australia)
• Xinwei Electronic Co. Ltd. (China)

INDUSTRIAL DEVELOPMENT

February 2020: Midland U.S. has reinvented traditional Citizen Radio and launched the new version of the radio. They have made the new radio more accessible and powerful. MicroMobile can be used for outdoor communication, family trips, off-roading, overlanding, and other activities.  

REPORT COVERAGE

This research profiles a report with widespread studies that take into an explanation of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.