The public safety LTE market is expected to grow at a double digit CAGR during the forecast period. The market is expected to reach USD 3,091.3 Million by 2023 from USD 642.8 Million in 2016, growing at a CAGR of 25.7% between 2017 and 2023.
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According to the new market research report "Public Safety LTE Market by Infrastructure (E-UTRAN, EPC), Services (Consulting and Integration), Deployment Model (Private, Hybrid), Applications (Law Enforcement, Firefighting Services), and Region - Global Forecast to 2023", the public safety LTE market is expected to be valued at USD 3,091.3 Million by 2023, growing at a CAGR of 25.7% from USD 782.9 Million in 2017. The factors that are driving the growth of this market are the rising demand for unmanned operations and remote surveillances, and elimination of connectivity issues between networks.
Browse 62 Market Data Tables and 44 Figures spread through 134 Pages and in-depth TOC on "Public Safety LTE Market - Global Forecast to 2023"
“Public safety LTE market for services is expected to grow at the highest rate during the forecast period”
The market for services is expected to grow at the highest CAGR between 2017 and 2023.
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The high growth rate of services is because of the expectation that the network would be fully set up in most regions by 2021 and there would be more revenue from services than the LTE infrastructure.
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“The public safety LTE market for the hybrid LTE deployment model is expected to grow at a high rate between 2017 and 2023”
Among various deployment models, the hybrid LTE deployment model accounted for the highest CAGR of the overall public safety LTE market between 2017 and 2023. The hybrid model is expected to offer significant opportunities for public safety LTE market.
Due to the high cost incurred in adopting the completely dedicated public safety network, government agencies are expected to opt for the hybrid model.
“Europe is expected to lead the public safety LTE market between 2017 and 2023”
Europe is expected to hold the largest size of the public safety LTE market during the forecast period. This growth is mainly attributed to growing need for strong security measures and compliance management owing to the increase in public safety online applications for video surveillances, operating unmanned vehicles, and image and video sharing.
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The major players operating in the public safety LTE market are General Dynamics Corporation (US), Airbus SE (Netherlands), Motorola Solutions, Inc. (US), Cobham PLC (UK), Nokia Corporation (Finland), Bittium Corporation (Finland), Samsung Electronics Corporation Limited (South Korea), Cisco Systems, Inc. (US), Ericsson AB (Sweden), and AT&T Inc. (US).
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