The Global Land Mobile Radio market accounted for US$ 6,408.5 Mn in 2016 and is expected to grow at a CAGR of 10.9 % during the forecast period 2017–2025, to account for US$ 16,226.1 Mn in 2025.
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. One of the major reason for the high adoption of Land Mobile Radios is the needs of users and regulatory bodies encouraging the move towards digital mobile technology from analog. This move in technology aids in the improvement of spectral efficiency and take advantage of both voice and data. Clear, reliable communication across the service area, customized and cost-effective communications with integrated data communications are some of the major drivers bolstering the land mobile radio market.
Land Mobile Radio Market Insights
Rising demand from private organizations for Land Mobile Radio technology is positively impacting the land mobile radio market growth
Other than the demand for LMR technology in public safety organizations, the demand for this technology is highly increasing in private organizations. 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 high rise buildings, the demand for land mobile radios is increasing on the site of development for communication. Therefore, the rising demand for LMR technology from private organizations is driving the land mobile radio market.
Transforming voice-centric battlefields to information-driven, fully-connected air/ground networks are positively impacting land mobile radio market
Operations in the earlier times used to have LMR devices that supported only voice communication with no integration and no data communication. In critical missions, there have been various cases where the responders needed to access data-intensive applications, share videos, or search databases. Unable to access such information was a huge lag in mission-critical communication. This increased the demand for a communication technology with the voice as well as data communication. Public safety professionals demanded the need for a reliable broadband communication system for aiding in their life-saving missions, such as Long Term Evolution (LTE). The 3rd Generation Partnership Project (3GPP) is in charge of the LTE market and working on providing the LTE broadband communication system to public safety organizations. This LTE broadband technology will provide a wide variety of features to the organizations for an information-driven battlefield. Many of the large players in the market such as Harris Corporation, Motorola, Kenwood, Hytera, and others, have already incorporated LTE and are providing products with a combination of LTE/LMR solutions.
Land Mobile Radio Market by Type
Land Mobile Radio Market Strategic Insights
The partnership was observed as the most adopted strategy in the Global Land Mobile Radio Market. Few of the recent strategies by some of the players in Land Mobile Radio Market landscape are listed below:
2016: Harris Corporation partnered with the Florida Power & Light Company (FPL) for enhancing the existing capability of the FPL’s extensive operations. The analog systems will be transitioned to digital communications solution. This integrated system will also include Harris’ Symphony command center dispatch consoles, XL-200P advanced digital handheld radios, and the BeOn platform for integration of narrowband and broadband solutions.
2016: Bravo Expands Strategic Partnership with Motorola Solutions to Unify Communications and Enhance Public Safety in Saudi Arabia.
GLOBAL LAND MOBILE RADIO MARKET SEGMENTATION