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The CB radio market is expected to witness an enormous growth in the coming years due to the growing interest among motorcyclists and various other factors which drive the market. CB radio is a widely used device in vehicles, and for construction, etc. Citizen’s band radio commonly known in short form as CB radio is a radio system for two-way communication, mostly for short-range radio voice communication.
Due to the antenna on the vehicle, the radio signal is guaranteed in all remote areas, and there is no risk of signal shortage as with mobile phones. Unlike cell phone towers, local media, or energy, CB is a dependable mode of communication. It is therefore possible to receive crucial information and communicate with others even in the absence of other forms of communication.
Business Research Insights forecasts the worldwide market for CB radio to hit USD 152.3 million by 2028, growing at a CAGR of -3.5% during 2022-2027. Use of this product in outdoor activities, and growing interest among motorcyclists and RVers will drive the growth of this market.
COVID-19 Declined Market Performance Due to a Halt in Outdoor Activities
The impact of COVID-19 in the global market was severe. Supply chains and value chains of many businesses have been impacted by the pandemic. It is no different in the CB radio market. The sudden lockdown imposed during the time of pandemic halted the production chain due to the closure of CB radio manufacturing units. Labor shortage and supply chain disruptions were the major factors that contributed to the pause of manufacturing activities during the time of COVID-19 pandemic. Since the pandemic spread globally affecting a huge mass, the outdoor activities were also reduced due to the government restrictions which thereby affected the CB radio market.
Business Research Insights Presents the Top 10 Prominent Players in the CB Radio Market
1. Uniden
Uniden Holdings Corporation is a wireless communication company which is solely based in Japan. The company was founded on February 7, 1966, by Hidero Fujimoto as "Uni Electronics Corp". During the 1970s, Uniden manufactured and marketed millions of citizens band radios, also known as CB radios under the Uniden brand and many private label brands. During the late 1970s, Uniden also marketed CB Radios under the Uniden and Uniace brands in the UK.
2. Cobra (Ceder Electronics)
Cobra (Ceder Electronics) is a global marketing company headquartered in the U.S. Communication and navigation products are designed and marketed by Cobra Electronics worldwide. Consumer electronics are Cedar Electronics Holdings' specialty, targeting casual drivers, boaters, and outdoor enthusiasts. Cobra Electronics and Escort merged to form the company. Escort manufactures and distributes radar detectors and mobile data for ticket protection along with a premium line of automotive accessories. With Cobra Electronics and ESCORT, Cedar Electronics Corporation provides connected automotive and consumer electronics solutions. The Cedar family of products includes connected radar/laser detectors, smart dash cams, marine and CB radios, portable power solutions, driver alert applications, and much more. Powered by a rapidly growing driver community, Cedar Electronics provides smart, sensor-based devices that track and share real-time alerts so people can Drive Smarter and Safer.
3. Midland
A pioneer in two-way radio and weather radio technology, Midland Radio Corporation was founded in 1959. Founded in Kansas City, Missouri, Midland is one of the leading suppliers of CB, FRS, GMRS, weather alerts, and emergency radios. Midland provides Reliable Communication for Every Adventure in off-road, agriculture, camping, RVing, fishing, hunting, skiing, and emergency preparedness. CB radios were manufactured by Midland Radio for the first time in the United States. It was not long before CB radios became popular among farmers, truck drivers, and radio hobbyists. CB radios played a major role in pop culture during the late 1970s due to the CB radio craze.
4. Galaxy Audio
Galaxy Audio manufactures high quality products for musicians and businesses alike. The company is based in the U.S. Galaxy Audio has been helping live performers sound their best for over 40 years with their wireless in-ear monitor systems and Hot Spot personal monitor speakers. Unlike other CB radios, Galaxy CB radios have features that serious CB operators can appreciate and new users can easily master.
5. Motorola
Motorola is a telecommunications megacorporation company which is based in Schaumburg, Illinois, United States. As a wireless network equipment manufacturer and distributor, Motorola sold signal amplifiers and cellular transmission base stations. In its first product, the company created battery-eliminators, devices that allowed battery-powered radios to run on household electricity.
6. Ranger Communication
In 1972, Ranger Communications, Inc. was founded in the United States. Marine Radio, Citizen Band Radio, Vehicle Communication System, Rural Telephones, Intercoms, Hand Held Transceivers, and Amateur Band Radio are among the products they manufacture. In the amateur radio community and among HAM radio users, Rangers radios are popular.
7. President Electronics
A leader in Citizen's Band (CB) Radio, GROUP PRESIDENT ELECTRONICS has brought millions of CB users together for decades. President Electronics is a U.S.-based company with headquarters in Florida.
8. Stryker Radios
For CB radios and 10 meter radios, Stryker is one of the top selling brands. The company was founded in 1941, headquartered in the U.S. In addition to 10 Meter Radios, Stryker Radios also makes antennas, microphones, and accessories. Besides being visually appealing, these radios are highly efficient, and they provide smooth communication.
9. GME Pty Ltd
GME is a privately held company owned by a family. Due to their continuous focus on innovation and technology leadership, they are the only Australian manufacturer of UHF CB Radios and Emergency Beacons.
10. Xinwei Electronic Co. Ltd.
The company is headquartered in China and specializes in manufacturing and operating Nanfone and UTEL brand radio communication products. Wireless communication products have been provided by Xinwei Electronic (Quanzhou) to foreign customers since 1991.
Growth of Wireless Technologies to Propel the Growth of CB Radio Market
Communications have led to an evolution of wireless technologies. As wireless technology develops, the CB radio market is also expected to grow. Two-way radios have become more powerful and accessible through the evolution of traditional and conventional two-way communication. It has been a long time since traditional technologies were used, but new technologies such as Bluetooth have enabled drivers to use their smartphones to make and end calls. It is anticipated that the development of advanced wireless technologies will represent an opportunity for the market and will drive its growth.