Looking Back at 2024: The China Two-way Radio Industry Undergoes Transformation

2024 was a year of both breakthroughs and challenges for the two-way radio industry. From the sluggish market demand and intensified competition at the beginning of the year to the continuous emergence of niche markets and the frequent highlights in the international market, this year was filled with a mix of challenges and opportunities. Against the backdrop of a slowing global economic recovery, the two-way radio industry has continuously explored new growth poles driven by both technological innovation and scenario-based applications. From traditional two-way radio devices to innovative products that are intelligent, lightweight, and scenario-based, two-way radios are no longer simply communication tools but are gradually becoming the core carriers of efficient, safe, and multifunctional collaboration. In this year, leading companies have reversed the downturn through technological empowerment and adjustments to market strategies, while small and medium-sized enterprises have sought innovative breakthroughs under the pressure of survival. The industry ecosystem has gradually shifted from fragmentation to integration. In the domestic market, policy dividends coupled with technological innovation have driven a steady recovery in demand; in the international market, the vast demand from emerging countries has brought more opportunities. At the same time, the widespread application of single-北斗 technology, the deepening of intelligent exploration, and the accelerated landing of public-private integration have injected new vitality into the industry. 2024 was a year of seeking change in difficulties and moving forward in transformation, and the two-way radio industry completed a self-renewal centered on innovation. At this critical juncture between the past and the future, we can feel the power of breaking through and the hope of new life.

Domestic Market: Coexistence of Opportunities and Challenges

The domestic two-way radio market in 2024 was a resonance field of challenges and opportunities. On the one hand, the national establishment of a trillion-yuan emergency rescue fund has become a major boon for the dedicated network communication industry. Benefiting from this, industry-leading companies, with their leading technological capabilities and channel advantages, have quickly seized market share and promoted steady growth in performance. For example, in the fields of emergency rescue and safety production, two-way radios and other communication tools have been given a higher value positioning. On the other hand, small and medium-sized enterprises have found it difficult to survive in the fierce market competition. The multiple pressures of reduced orders and rising costs have caused some companies to fall into price wars and even become unsustainable. Especially in traditional markets such as public security, rail transit, and construction, the demand for two-way radios has grown weakly, further intensifying market competition. These companies have had to resort to price cuts or explore new markets to break through, but the effects have not been significant.

Mini Two-way radios: Lightweight Assistants for the Service Industry

The recovery of the consumer market has brought development opportunities for mini two-way radios. With their lightweight, stylish design, and practicality, mini two-way radios have attracted more and more users, especially in the service industry such as hotels and restaurants. Mini two-way radios have evolved from traditional single communication tools to products that combine aesthetics and functionality. In 2024, their core indicators such as battery life and voice quality have been significantly optimized, meeting the high-frequency usage needs of users in diverse scenarios.

Explosion-proof Two-way radios: A Must-have for Safety Production

Explosion-proof two-way radios have maintained their position as a "must-have" in high-risk industries due to their special application scenarios. With the increasing requirements for safety production in industries such as petrochemicals and coal mining, explosion-proof two-way radios have become indispensable communication tools. In 2024, the domestic explosion-proof two-way radio market has become increasingly competitive, with numerous manufacturers entering the field. At the same time, users' requirements for product performance and quality have also continued to improve, which has prompted manufacturers to increase investment in technology to meet the high reliability requirements of complex environments.

Public-Private Integration: A New Blue Ocean Under the Restructuring of the Ecosystem

In 2024, communication solutions integrating public and private networks have achieved initial results. Industry users have an increasing demand for broadband applications, and the transmission of video and images has become a key requirement. The advantage of public-private integration lies in the fact that it not only has the wide coverage capabilities of public networks but also combines the security and stability of private networks. However, promoting the commercialization and landing of this technology is not easy. Enterprises need to carry out customized development based on the actual needs of users, which also means that software capabilities will become the core competitiveness of enterprises.

Local Support: Exploring Industry Revitalization in Nan'an

At the policy level, the proactive actions of local governments have injected new impetus into the industry. Taking Quanzhou's Nan'an City as an example, the local government organized enterprises to go overseas to explore the Middle East market, and through policy support and resource coordination, helped the regional two-way radio industry to get out of difficulties. These measures have not only enhanced the brand influence of enterprises but also provided practical experience for the transformation and upgrading of the domestic two-way radio industry.