Rising demand from private organizations for LMR technology to drive the growth of LMR technology whose market is forecasted to grow at a CAGR of 10.9%
Published Date : 08/01/2018
According to a new market research study titled 'Land Mobile Radio Market to 2025 - Global Analysis and Forecasts by type, technology, frequency, and application', the global LMR market was valued at US$ 6408.5 Mn in 2016 and is estimated to reach US$ 16,226.1 Mn by 2025. The report highlights the trends prevalent in the global LMR market and the factors driving the market along with those that act as deterrents to its growth.
LMR systems are highly being used in the commercial sector that includes utilities, transportation, industrial, logistics, security, and several others. Mostly, the companies that are in daily business operations require this technology more than the others in the commercial sector.
The widely used LMR in the commercial sector is 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 tall rise buildings, the demand for land mobile radios is increasing on the site of development for communication.
The global LMR market is segmented by type into Hand Portable and In-Vehicle. By technology, the LMR market is categorized into analog and digital. The digital technology is further classified into TETRA, DMR, P25, and others. By frequency, the LMR market is segmented into 25-174 MHz (VHF), 200-512 MHz (UHF), and 700 MHz and above. Apart from these, LMR systems have been segmented by application into commercial, industrial, and public safety & government. Geographically, the global LMR market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
The Land Mobile Radio 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. The key players profiled in the report are Harris Corporation, Motorola Solutions Inc., Simoco Telecommunications Ltd., RELM Wireless Corporation, Hytera Communications Corporation Limited, Tait Communications Ltd., Thales Group, Icom Inc., JVCKenwood Corporation, and Cartel Communication Systems Inc.
Global Land Mobile Radio Market Breakdown by Regions, 2016 (%)
Source: The Insight Partners Analysis
The report segments the global Land Mobile Radio market as follows:
Global Land Mobile Radio Market - By Type
Global Land Mobile Radio Market - By Technology
Global Land Mobile Radio Market - By Frequency
25-174 MHz (VHF)
200-512 MHz (UHF)
700 MHz and above
Global Land Mobile Radio Market - By Application
Public Safety & Government
Global Land Mobile Radio Market - By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SAM)
Rest of SAM?