DUBLIN--(BUSINESS WIRE)--The "Land Mobile Radio Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global land mobile radio market grew from $15.4 billion in 2022 to $17.96 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. The land mobile radio market is expected to grow to $29.97 billion in 2027 at a CAGR of 13.7%.
North America was the largest region in the land mobile radio market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the land mobile radio market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
An increase in the usage of land mobile radio (LMR) systems in military applications is expected to drive the growth of the land mobile radio market over the coming years. Military installations all over the world employ a wide range of specialised radio systems that operate on frequencies ranging from extremely low frequencies (ELF) to super-high frequencies (SHF). Tactical, data, SATCOM, and other specialised communications are all carried out on these bands. The military relies on essential radio communications to coordinate deployments and response actions at its bases around the world.
The LMR network allows military emergency services to communicate with other federal, state, and local public safety agencies securely. For instance, in January 2022, the United States Department of Defense announced that it had exercised a contract option to keep Motorola as the operator and maintainer of the US Navy's land mobile radio (LMR) system. The $29 million contract ensures that critical radio communications are maintained at US Navy facilities around the world. Hence, the increased usage of LMR systems in military applications will drive the growth of the land mobile radio market.
The integration of LTE technology into LMR systems is a key trend in the land mobile radio market. LTE (Long-Term Evolution) is a fourth-generation (4G) wireless standard for cellphones and other cellular devices that increases network capacity and speed. Land mobile radio manufacturers are incorporating LTE technology as it offers many advantages, including centralised management, improved PTT set-up times, lower recurring costs, interoperability and compliance, improved network performance compared to multiple networks, unlimited inter-technology communications, and network security.
For instance, in April 2021, the National Institute of Standards and Technology in the USA developed a low-cost computer system that connects older public safety radios to modern wireless communications networks. The NIST prototype connects analogue land mobile radio (LMR) handsets and towers to an LTE server that manages network operations. The prototype system could make it easier for public safety agencies to connect their radio systems to broadband networks that can send voice, text, instant messages, video, and data.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Scope
Markets Covered:
1) By Type: Hand Portable; In-Vehicle (Mobile)
2) By Technology: Analog; Digital
3) By Frequency: 25-174 (VHF); 200-512 (UHF); 700 MHZ And Above
4) By Application: Commercial; Public Safety; Mining; Oil and Gas; Energy; Defense; Transportation; Construction; Other Applications
A selection of companies mentioned in this report includes
- Motorola Solutions Inc.
- Harris CorporationA
- Cartel Communication Systems Inc
- BK Technologies
- TE Connectivity Ltd
- Sepura Ltd.
- Simoco Telecommunications Ltd.
- JVC Kenwood Corporation
- Nokia Networks B.V.
- Thales Group
- TTG Global Ltd.
- Codan Communications
- Midland Radio Corporation
- EF Johnson Technologies Inc.
- Airbus DS Communications
For more information about this report visit https://www.researchandmarkets.com/r/tbhzny-mobile-radio?w=4
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
