In half-duplex mode, both the sender and receiver can transmit, however they can only do so one at a time.

Advantages

AdvantageDescription
Efficient use of channelAllows for bi-directional communication over a single channel
Cost-EffectiveIf we only need one channel, hardware can be simplified
Simple Collision HandlingSince only one device can transmit at once, we do not have to worry about collisions
Suitable for periodic communicationSome setups (i.e. walkie-talkies) only require communication every now and then

Disadvantages

AdvantageDescription
Slower transmissionsAs data can only go one way at once, it is very difficult to create real-time communications
Poor in high traffic networksIn a congested network, the limitation of only one device transmitting becomes a bottleneck