Telecommunications Mobile Network Wireless Market Research News

Land Mobile Radio Market Expected to Grow at High CAGR during the forecast period

Telecommunications Market Research

A sophisticated radio trunking device that allows two-way radio communication for critical information pass on services and other such applications is a land mobile radio. LMR is being widely used by governments and enterprises for the simplicity of communication it brings for the users. It caters to the services of terrestrial users to communicate with each other. With the rising demand for LMR technology from the private organizations, the market for LMR will grow in the coming years.

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The global LMR market is expected to grow from US$ US$ 7081.4 Mn in 2017 to US$ 16226.1 Mn by 2025 at a CAGR of 10.9% between 2017 and 2025.

 The LMR market has experienced high growth and adoption rate in the last few years and is also expected to experience a significant growth and adoption rate in years to come. One of the major reasons for high adoption of LMR is rising demand for LMR technology from the private sector.

The commercial sector that includes utilities, transportation, industrial, logistics, security, and several others are some of the primary end users of LMR systems.

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Mostly, the companies that are in daily business operations require this technology more than the others in the commercial sector.

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The widely used LMR in the commercial sector are the portable radios owing to its small size and easy use. Also, as the construction are increasing in various geographies at a high rate, owing to several factors such as the development of smart cities, making constructions prone to disasters, and construction of high rise buildings, the demand for land mobile radios is increasing on the site of development for communication.

Top Companies profiled in this report includes, Harris Corporation, Motorola Solutions Inc., Simoco Telecommunications Ltd., JVCKenwood Corporation, RELM Wireless Corporation, Hytera Communications Corporation Limited, Tait Radio Communications Ltd., Icom Inc., Thales Group, and Cartel Communication Systems Inc.

Many companies are investing in LMR owing to the potential improvements related to better coverage, operational efficiency and additional services helping the customers to efficiently communicate with the help of voice as well as data communication.

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The LMR market is segmented by type, technology, frequency, and application, across five major geographical regions. The different applications of LMR that are covered in this report include commercial and public safety.

LMR system types have been broadly categorized into following two categories as Hand Portable LMR systems and In-Vehicle LMR systems.  Based on technology, the land mobile radio has been classified into two types as analog and digital.

The digital technology is further classified into DMR, TETRA, P25, and others.  By frequency, the land mobile radio has been classified into three types as 25-174 MHz (VHF), 200-512 MHz (UHF), and 700 MHz and above frequency.

By application, the LMR market is divided into commercial, industrial, and public safety & government. Five major geographical regions considered within the scope of this market are North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

What our report offers:

- Land Mobile Radio Market share assessments for the regional and country level segments

- Market share analysis of the top industry players

- Strategic recommendations for the new entrants

- Land Mobile Radio Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets

- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

- Strategic recommendations in key business segments based on the Land Mobile Radio market estimations

- Competitive landscaping mapping the key common trends

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