The global LMR market was valued at USD 8.24 billion in 2015 and is expected to reach USD 20.82 by 2022, at a CAGR of 14.3% between 2016 and 2022. The base year considered for the study is 2015, and the forecast has been provided for the period from 2016 to 2022.
Growing significance of efficient critical communication operations
The LMR technology has progressed over time from conventional, analog voice service (such as two-way communications) to complex systems incorporating trunking and digital capabilities that enable features such as group calling, rapid voice call-setup, high-quality audio, and guaranteed priority access to the end user. With the increasing instances of crime, terrorism, and natural disasters, industries need to adopt new technologies to provide prompt and effective response in real time. Effective communication is important for public safety responders who need to stay connected with each other at the control center as well as acquire situational awareness in real time when responding to emergencies. For example, TETRA, the largest land mobile radio standard, has good spectrum efficiency and is available on a harmonized spectrum. It has extraordinary critical communication features such as security, short call set-up time, voice calls feature set, and high-speed data services. It operates on direct mode and site trunking and its adoption is growing in existing and potential market segments such as public safety and commercial applications. Moreover, TETRA does not require broadband data. With the increasing security threats and demands for greater efficiency, cross-agency coordination, and better information sharing, the growth of efficient public safety communications networks has become a top priority for organizations, which is driving the global market for the LMR technology.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=27811764
The market for digital technology will likely hold a larger market size by 2022 due to the presence of advanced technologies such as TETRA, which provide features such as group chats, enhanced voice clarity, higher quality coverage, longer battery life, and availability of customized software applications. Land mobile systems are witnessing a shift from analog to a variety of digital formats, such as TETRA, DMR, P25, and others-including dPMR, NXDN, and TETRAPOL.
- Growing significance of efficient critical communication operations
- Rising demand for inexpensive and reliable land mobile radios
- Application of land mobile radios in diverse industries, majorly in military & defense, and transportation
- Transition of land mobile radios from analog to digital
- Spectrum bandwidth limitation restricting industry expansion
- High costs of building LMRs
- Requirement of voice encryption for secure communication
- Dynamic spectrum access opportunities for LMRs
- Growth of Internet of Things (IoT) devices
Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=27811764
Key players in the market include Sepura PLC (UK), Motorola Solutions, Inc. (US), Harris Corporation (US), JVCKENWOOD Corporation (Japan), Thales SA (France), Raytheon Company (US), RELM Wireless Corporation (US), Hytera Communications Corporation Limited (China), and Simoco (UK).