Public Safety Land Mobile Radio Market - Trends, Drivers & Outlook (North America)
North America Public Safety Land Mobile Radio Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Handheld and In-Vehicle), Technology (Analog and Digital), Frequency (25–174 VHF, 200–512 UHF, and 700 MHz and Above), and Application (Commercial, Industrial, Public Safety and Government, and Military)
- Report Date : Aug 2025
- Report Code : TIPRE00039038
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 111
The North America public safety land mobile radio market size is projected to reach US$ 4.30 billion by 2031 from US$ 2.21 billion in 2024. The market is expected to register a CAGR of 10.3% during 2025–2031.
North America Public Safety Land Mobile Radio Market Analysis
A land mobile radio (LMR) device is a person-to-person voice communication system consisting of two-way radio transceivers with an audio transmitter and receiver. The transceivers can be stationary or portable. These systems are preferred by public safety organizations, wherein they are installed in ambulances, fire brigade vehicles, and offices; they are also used by law enforcement agencies such as state troopers and police, as well as other governmental entities. Land mobile radio devices are exclusively allocated frequencies for their use. Commercial LMR systems are accessible for industrial and land transportation businesses.
North America Public Safety Land Mobile Radio Market Overview
One of the major reasons for the high adoption of LMR devices is the move toward digital mobile technology from analog. This technological shift improves spectral efficiency and helps eliminate static, background noise, and voice distortion. Clear, reliable communications across service areas and customized and cost-effective communications propel the North America public safety land mobile radio market growth. The surging importance of effective critical communication, growing emphasis on public safety, and rising cases of natural calamities drive the land mobile radio market growth in North America. The integration of advanced technologies, the convergence of land mobile radio with LTE technology, and the emphasis on cloud-based LMR solutions are expected to present future growth opportunities for the market. Key trends in the market include the integration of Long-Term Evolution (LTE) networks with traditional land mobile radio (LMR) systems. However, high initial investment requirements, limited spectrum availability, and alternative communication technologies may hamper market growth.
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North America Public Safety Land Mobile Radio Market: Strategic Insights
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North America Public Safety Land Mobile Radio Market Drivers and Opportunities
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
North America Public Safety Land Mobile Radio Market: Strategic Insights
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Market Drivers:
Rising Importance of Effective Critical Communication:
Land mobile radio (LMR) technology has evolved from traditional analog voice service with two-way communications to complex systems with trunking and digital capabilities that enable group calling, rapid voice call setup, high-quality audio, and guaranteed priority access to end users.Growing Emphasis on Public Safety:
In the US and Canada, the escalating focus on public safety is emerging as a key catalyst behind the growth of the land mobile radio (LMR) market.Interoperability Mandates:
Regulatory pressure to ensure agencies can communicate across jurisdictionsDigital Migration:
Shift from analog to digital LMR systems (e.g., P25, DMR) for better clarity and data capability
Market Opportunities:
Rising Integration of Advanced Technologies:
Advancements in digital technologies facilitate efficient and reliable communications through LMR systems by enabling better interoperability and coverage.Increasing Emphasis on Cloud-Based LMR Solutions:
On June 22, 2022, Motorola Solutions introduced Critical Connect, a scalable, cloud-based communication platform designed to enable seamless voice and data integration across diverse networks.Expansion in Rural and Remote Areas:
The demand for coverage in underserved regions presents growth potential.Cross-Agency Collaboration Tools:
Increasing need for shared platforms among police, fire, and EMS
North America Public Safety Land Mobile Radio Market Report Segmentation Analysis
The North America public safety land mobile radio market is divided into different segments to give a clearer view of how it works, its growth potential, and the latest trends. Below is the standard segmentation approach used in most industry reports:
By Type:
Handheld:
Handheld portable radios, also called mobile radios or walkie-talkies, are increasingly being used in commercial, public, and industrial applications owing to their compact size and ease of use.In-Vehicle:
In-vehicle land mobile radios are often placed in automobiles and use the automobile's power supply and a superior antenna, which provides a greater communication range than hand-portable land mobile radios.
By Technology:
P25:
For a critical mission wireless network, the user requires a P25 that delivers more than just voice communication.DMR:
Digital mobile radio (DMR) is a type of European Telecommunication Standard (ETSI) established in 2005 to address the need for a reasonable, low-complexity digital radio, primarily for business applications in the European Union (EU).
By Frequency:
- 700 MHz and Above
- 200–512 MHz UHF
- 25–174 MHz VHF
By Geography:
US
Canada
North America Public Safety Land Mobile Radio Market Report ScopeNorth America Public Safety Land Mobile Radio Market Share Analysis by Geography
The market in Canada is expected to grow the fastest in the next few years.
The North America public safety land mobile radio market grows differently in each country, owing to factors such as digital technology, government regulations, and safety standards. Below is a summary of market share and trends by country:
1. US
Market Share:
Holds a significant portion of the global marketKey Drivers:
- Regulatory compliance and spectrum allocation
- Interoperability requirements across agencies
- Continued investment in P25 networks
Trends:
Push toward P25 Phase II adoption
2. Canada
Market Share:
Substantial shareKey Drivers:
- Demand for resilient communication during disasters
- Aging infrastructure replacement cycle
Trends:
Use of AI for Dispatch and Analytics
North America Public Safety Land Mobile Radio Market Players Density: Understanding Its Impact on Business Dynamics
High Market Density and Competition
Competition is strong due to the presence of established players such as Motorola Solutions, Inc.; JVCKENWOOD Corporation; and L3Harris Technologies, Inc.
This high level of competition urges companies to stand out by offering:
- CommandCentral Software Suite
- XL Series Radios
- P25 Infrastructure Systems
Opportunities and Strategic Moves
Hybrid solutions combining LMR and LTE offer extended features.
- The demand for coverage in underserved regions presents growth potential.
- Upgrades in network management through software bring efficiency gains.
Major Companies operating in the North America Public Safety Land Mobile Radio Market are:
- L3Harris Technologies Inc.
- Motorola Solutions Inc.
- Tait Communications Ltd
- Thales SA
- Simoco Wireless Solutions Ltd
- JVCKENWOOD Corp
- BK Technologies Corp
- Hytera Communications Corp. Ltd.
- Icom Inc
- Sepura Ltd
North America Public Safety Land Mobile Radio Market News and Recent Developments
In a collaboration, Simoco Wireless Solution's P25 radio equipment demonstrated transmitting from a Vocus skyborne mobile network drone capable of providing coverage across 28 square kilometers.
In September 2023, in a collaboration, Simoco Wireless Solution's P25 radio equipment demonstrated transmitting from a Vocus skyborne mobile network drone capable of providing coverage across 28 square kilometers. The Vocus drone solution combines an XM2 drone, ground-based power system, and Vocus Satellite – Starlink connectivity with private LTE (4G) and Simoco P25 radio equipment payloads. The result is a highly autonomous tethered drone system that can quickly be launched to provide connectivity in situations where existing coverage is not available or has been damaged in extreme weather or natural disaster events.The U.S. Army awarded Thales a US$ 100 million contract for the 5th order of handheld, manpack, and small form fit (HMS) radios under the Leader Program.
In October 2022, the U.S. Army awarded Thales a US$ 100 million contract for the 5th order of handheld, manpack, and small form fit (HMS) radios under the Leader Program. The contract includes 4,000 AN/PRC-148D 2-channel IMBITR units, enhancing battlefield networking capabilities for warfighters with an advanced mobile ad-hoc networking (MANET) waveform.Tait Communications and Kordia have been awarded a significant contract to build and maintain a secure digital land mobile radio communications network as part of New Zealand's Public Safety Network.
In November 2022, Tait Communications and Kordia were awarded a significant contract to build and maintain a secure digital land mobile radio communications network as part of New Zealand's Public Safety Network (PSN). Estimated to be worth NZ$ 1.4 billion over 10 years, the project will provide reliable, secure, and interoperable communications for emergency responders, making it one of the world's largest-ever single systems. The partnership between Tait and Kordia brings complementary expertise to deliver a total solution for New Zealand's first responders.
North America Public Safety Land Mobile Radio Market Report Coverage and Deliverables
The "North America Public Safety Land Mobile Radio Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering the following areas:
- North America public safety land mobile radio market size and forecast at the regional and country levels for all the key market segments covered under the scope
- North America public safety land mobile radio market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- North America public safety land mobile radio market analysis covering key market trends, regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the North America public safety land mobile radio market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Leading firms include L3Harris Technologies Inc., Motorola Solutions Inc., Tait Communications Ltd, Thales SA, Simoco Wireless Solutions Ltd, JVCKENWOOD Corp, BK Technologies Corp, Hytera Communications Corp. Ltd., Icom Inc., and Sepura Ltd.
The US leads with ~86.31% share (~US$ 1.90 billion in 2024).
1. Rising importance of effective critical communication
2. Growing emphasis on public safety
3. Rising cases of natural calamities
The handheld segment led the market, capturing over 60-65% in 2024.
P25 held ~95-98% market share in 2024.
700 MHz and above is the leading frequency range, accounting for ~64% of deployments.
1. High initial investment requirements and limited spectrum availability
2. Alternative communication technologies
The North America public safety land mobile radio market size is projected to reach US$ 4.30 billion by 2031 from US$ 2.21 billion in 2024. The market is expected to register a CAGR of 10.3% during 2025–2031.
1. Use of AI for dispatch and analytics
2. Cybersecurity focus
3. Consolidation among vendors
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Analyst Market Outlook
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
3.3 Assumptions and Limitations
4. North America Public Safety Land Mobile Radio Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. North America Public Safety Land Mobile Radio Market – Key Market Dynamics
5.1 North America Public Safety Land Mobile Radio Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Importance of Effective Critical Communication
5.2.2 Growing Emphasis on Public Safety
5.2.3 Rising Cases of Natural Calamities
5.3 Market Restraints
5.3.1 High Initial Investment Requirements and Limited Spectrum Availability
5.3.2 Alternative Communication Technologies
5.4 Market Opportunities
5.4.1 Rising Integration of Advanced Technologies
5.4.2 Increasing Emphasis on Cloud-Based LMR Solutions
5.5 Future Trends
5.5.1 Integration of Long-Term Evolution (LTE) Networks with Traditional Land Mobile Radio (LMR) Systems
5.5.2 Rising Inclination Towards Mutli-Band LMR Devices
5.6 Impact of Drivers and Restraints:
6. North America Public Safety Land Mobile Radio Market Analysis
6.1 North America Public Safety Land Mobile Radio Market Volume (Thousand Units), 2021–2031
6.2 North America Public Safety Land Mobile Radio Market Volume Forecast and Analysis (Thousand Units)
6.3 North America Public Safety Land Mobile Radio Market Revenue and Forecast (US$ Million), 2021–2031
6.4 North America Public Safety Land Mobile Radio Market Forecast and Analysis
7. North America Public Safety Land Mobile Radio Market Volume and Revenue Analysis – by Type
7.1 Handheld
7.1.1 Overview
7.1.2 Handheld: North America Public Safety Land Mobile Radio Market – Volume and Forecast, 2021–2031 (Thousand Units)
7.1.3 Handheld: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
7.2 In-Vehicle
7.2.1 Overview
7.2.2 In-Vehicle: North America Public Safety Land Mobile Radio Market – Volume and Forecast, 2021–2031 (Thousand Units)
7.2.3 In-Vehicle: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
8. North America Public Safety Land Mobile Radio Market Volume and Revenue Analysis – by Technology
8.1 P25
8.1.1 Overview
8.1.2 P25: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
8.2 DMR
8.2.1 Overview
8.2.2 DMR: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
9. North America Public Safety Land Mobile Radio Market Volume and Revenue Analysis – by Frequency
9.1 MHZ and Above
9.1.1 Overview
9.1.2 MHZ and Above: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.2-512 UHF
9.2.1 Overview
9.2.2-512 UHF: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
9.3-174 VHF
9.3.1 Overview
9.3.2-174 VHF: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
10. North America Public Safety Land Mobile Radio Market – Country Analysis
10.1 North America
10.1.1 North America Public Safety Land Mobile Radio Market Breakdown, by Countries
10.1.2 North America Public Safety Land Mobile Radio Market – Revenue and Forecast Analysis – by Country
10.1.2.1 North America Public Safety Land Mobile Radio Market – Volume and Forecast Analysis – by Country
10.1.2.2 North America Public Safety Land Mobile Radio Market – Revenue and Forecast Analysis – by Country
10.1.2.3 United States: Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.1.2.3.1 United States: Land Mobile Radio Market Breakdown, by Type
10.1.2.3.2 United States: Land Mobile Radio Market Breakdown, by Technology
10.1.2.3.3 United States: Land Mobile Radio Market Breakdown, by Frequency
10.1.2.4 Canada: Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
10.1.2.4.1 Canada: Land Mobile Radio Market Breakdown, by Type
10.1.2.4.2 Canada: Land Mobile Radio Market Breakdown, by Technology
10.1.2.4.3 Canada: Land Mobile Radio Market Breakdown, by Frequency
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Market Share Analysis, 2024
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product News & Company News
12.4 Collaboration and Mergers & Acquisitions
13. Company Profiles
13.1 Icom Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Sepura Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 BK Technologies Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Hytera Communications Corp Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 JVCKENWOOD Corp
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 L3Harris Technologies Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Motorola Solutions Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tait Communications Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Thales SA
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Simoco Wireless Solutions Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. North America Public Safety Land Mobile Radio Market Segmentation
Table 2. List of Vendors
Table 3. North America Public Safety Land Mobile Radio Market – Volume, 2021–2024 (Thousand Units)
Table 4. North America Public Safety Land Mobile Radio Market – Volume Forecast, 2025–2031 (Thousand Units)
Table 5. North America Public Safety Land Mobile Radio Market – Revenue, 2021–2024 (US$ Million)
Table 6. North America Public Safety Land Mobile Radio Market – Revenue Forecast, 2025–2031 (US$ Million)
Table 7. North America Public Safety Land Mobile Radio Market – Volume, 2021–2024 (Thousand Units) – by Type
Table 8. North America Public Safety Land Mobile Radio Market – Volume Forecast, 2025–2031 (Thousand Units) – by Type
Table 9. North America Public Safety Land Mobile Radio Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 10. North America Public Safety Land Mobile Radio Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 11. North America Public Safety Land Mobile Radio Market – Revenue, 2021–2024 (US$ Million) – by Technology
Table 12. North America Public Safety Land Mobile Radio Market – Revenue Forecast, 2025–2031 (US$ Million) – by Technology
Table 13. North America Public Safety Land Mobile Radio Market – Revenue, 2021–2024 (US$ Million) – by Frequency
Table 14. North America Public Safety Land Mobile Radio Market – Revenue Forecast, 2025–2031 (US$ Million) – by Frequency
Table 15. North America Public Safety Land Mobile Radio Market – Volume, 2021–2024 (Thousand Units) – by Country
Table 16. North America Public Safety Land Mobile Radio Market – Volume Forecast, 2025–2031 (Thousand Units) –by Country
Table 17. North America Public Safety Land Mobile Radio Market – Revenue, 2021–2024 (US$ Million) – by Country
Table 18. North America Public Safety Land Mobile Radio Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country
Table 19. United States: Land Mobile Radio Market – Volume, 2021–2024 (Thousand Units) – by Type
Table 20. United States: Land Mobile Radio Market – Volume Forecast, 2025–2031 (Thousand Units) – by Type
Table 21. United States: Land Mobile Radio Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 22. United States: Land Mobile Radio Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 23. United States: Land Mobile Radio Market – Revenue, 2021–2024 (US$ Million) – by Technology
Table 24. United States: Land Mobile Radio Market – Revenue Forecast, 2025–2031 (US$ Million) – by Technology
Table 25. United States: Land Mobile Radio Market – Revenue, 2021–2024 (US$ Million) – by Frequency
Table 26. United States: Land Mobile Radio Market – Revenue Forecast, 2025–2031 (US$ Million) – by Frequency
Table 27. Canada: Land Mobile Radio Market – Volume, 2021–2024 (Thousand Units) – by Type
Table 28. Canada: Land Mobile Radio Market – Volume Forecast, 2025–2031 (Thousand Units) – by Type
Table 29. Canada: Land Mobile Radio Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 30. Canada: Land Mobile Radio Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 31. Canada: Land Mobile Radio Market – Revenue, 2021–2024 (US$ Million) – by Technology
Table 32. Canada: Land Mobile Radio Market – Revenue Forecast, 2025–2031 (US$ Million) – by Technology
Table 33. Canada: Land Mobile Radio Market – Revenue, 2021–2024 (US$ Million) – by Frequency
Table 34. Canada: Land Mobile Radio Market – Revenue Forecast, 2025–2031 (US$ Million) – by Frequency
Table 35. Heat Map Analysis by Key Players
List of Figures
Figure 1. North America Public Safety Land Mobile Radio Market Segmentation
Figure 2. PEST Analysis
Figure 3. North America Public Safety Land Mobile Radio Market, Ecosystem
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Public Safety Land Mobile Radio Market Volume (Thousand Units), 2021–2031
Figure 6. North America Public Safety Land Mobile Radio Market Revenue and Forecast (US$ Million), 2021–2031
Figure 7. North America Public Safety Land Mobile Radio Market Share (%) – by Type, 2024 and 2031
Figure 8. Handheld: North America Public Safety Land Mobile Radio Market – Volume and Forecast, 2021–2031 (Thousand Units)
Figure 9. Handheld: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 10. In-Vehicle: North America Public Safety Land Mobile Radio Market – Volume and Forecast, 2021–2031 (Thousand Units)
Figure 11. In-Vehicle: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 12. North America Public Safety Land Mobile Radio Market Share (%) – by Technology, 2024 and 2031
Figure 13. P25: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 14. DMR: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 15. North America Public Safety Land Mobile Radio Market Share (%) – by Frequency, 2024 and 2031
Figure 16. MHZ and Above: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 17.-512 UHF: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 18.-174 VHF: North America Public Safety Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 19. North America Public Safety Land Mobile Radio Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 20. United States: Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 21. Canada: Land Mobile Radio Market – Revenue and Forecast, 2021–2031 (US$ Million)
Figure 22. Company Market Share Analysis, 2024
The List of Companies - Land Mobile Radio Market
- L3Harris Technologies Inc.
- Motorola Solutions In
- Tait Communications Ltd
- Thales SA
- Simoco Wireless Solutions Ltd
- JVCKENWOOD Corp
- BK Technologies Corp
- Hytera Communications Corp. Ltd.
- Icom Inc.
- Sepura Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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Room AC Market
Size and Forecast (2021-2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Split AC, Window AC, and Portable AC), Technology (Inverter Technology and Non-Inverter Technology), End User (Residential and Commercial), and Geography
Aug 2025
Smart Casing Running Tools Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Hardware [Remote Display, Sensor Kit (Torque and Tension Sensor, Position Sensor, Data Transmission Sensor, and Others), Head Assembly, Gripping Assembly, Circulator Assembly, Power Supply, and Other Accessories], Software (Inbuilt and Optional), Sales [Direct Sales and Aftermarket (Parts and Accessories and Service and Rental)], Application (Onshore and Offshore), Technology (Fully Automated CRT, Remotely Operated CRT, and Hybrid CRT), and Geography
Aug 2025
Spark Detection System Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Infrared Spark Detection Systems and Ultraviolet (UV) Spark Detection Systems], Application (Wood-Based Panel Industry, Textile Industry, Pulp and Paper Industry, Bioenergy, Food Industry, and Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America)
Aug 2025
Remote Access Solution Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Secure Remote Access-VPN, Identity and Access Management (IAM) Solutions, Multi-Factor Authentication, Single Sign-On (SSO), Endpoint Security, and Others], Mode of Deployment (Cloud and On-Premise), End-Use Industry (IT and Telecommunications, BFSI, Healthcare, Government, Manufacturing, and Others), and Geography
Aug 2025
Process Instrumentation Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Flow Meter, Pressure and Temperature Sensor, Analytical Instrument, and Level Meter), Flow Meter (Mass Flow, EMF, Vortex, Ultrasonic, and Others), Level Meter (High Frequency Radar, TDR, and Others), Application (Oil and Gas, Energy and Power, Water and Wastewater, Food and Beverage, Marine, Petrochemical, Chemical, and Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America)
Aug 2025
Hall Effect Teslameter Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Analog Hall Effect Teslameters and Digital Hall Effect Teslameters), End Users (Automotive, Industrial, Healthcare, Aerospace, Laboratory, and Others), and Geography
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