Land Mobile Radio (LMR) Market 2019: Featured Analysis By Size, Share, Growth Factors and Applications by Forecast Till 2023

Global Land Mobile Radio System Market Research Report: by Type (Portable, Vehicle-mounted), by Application (Public Safety, Commercial), by Technology (Digital, Analog), and Region - Forecast till 2023

Pune, India - February 11, 2019 /MarketersMedia/ —

The global land mobile radio system market size is projected to expand at a 10.69% CAGR over the forecast period (2018-2023)

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Land Mobile Radio Market Highlights:

Globally, the Land Mobile Radio (LMR) Market is expected to have significant growth over the forecast period. Emergence of push-to-talk over cellular systems and increasing demand for public security equipment are expected to be driving factors for the development of Land Mobile Radio Market over the next few years.
The Land Mobile Radio market is differentiated by type, technology, frequency, and end-users.

By type, the land mobile radio market is sub-segmented as in-vehicle and hand portable. On the basis of technology, the market is bifurcated into analog technology and digital technology. Additionally, digital technology is governed by different standards namely P25, Tetra, DMR, and others (dPMR, NXDN)
Depending on the frequencies, the market is sub-segmented into very high frequency (VHF), Ultra high frequency (UHF), and others. VHF is further categorized into low band, which ranges the from 30MHz to 50 MHz, and high band frequencies which range from 152 MHz to 174 MHz. Moreover, the UHF ranges from 450 MHz to 512 MHz. Other frequencies consist of 700 MHz, 800 MHz, and 900 MHz.

Lastly, on the basis of end-users, the market is categorized as defense & military, real estate & construction, transportation, retail, and others.

Some Top Key Players:

Motorola Solutions, Inc., JVCKenwood Corporation, Harris Corporation, Thales Group, and Hytera Communications Corporation Limited are the major five players operating in the global land mobile radio system market. Motorola Solutions, Inc. held the largest share among top five players with a share of 38.73%, in 2017, followed by JVCKenwood Corporation and Harris Corporation with respective shares of 12.17% and 10.65%. These companies continue to retain their strong global presence through expansions, mergers & acquisitions, partnerships & collaborations, and extensive product portfolio.

Motorola Solutions, Inc. is focusing on developing integrated end-to-end solutions that will deliver a clear return on investment. It is working with its global channel partner community to reach an extensive customer base, from small businesses to Fortune 500 companies.

Telecommunication equipment providers profiled in the land mobile radio system market report are Harris Corporation (U.S.), Hytera Communications Corporation Ltd. (China), ICOM Inc. (Japan), JVCKenwood Corporation (Japan), Leonardo S.p.A. (Italy), Motorola Solutions, Inc. (U.S.), RELM Wireless Corporation (U.S.), Simoco Wireless Solutions Limited (U.K.), Tait Ltd. (New Zealand), and Thales Group (France).

Segmentation Analysis

By type, the market is segmented into portable and vehicle-mounted. Portable and vehicle-mounted radio systems are used in enabling a clear medium for communication during emergencies or man-made disasters. Applications of land mobile radio systems include public safety and commercial. The former comprises first response agencies, while the latter includes their use in industrial sectors. Technologies used in the land mobile radio system market are analog and digital. Digital radio systems have come to the fore owing to advances in communication networking technologies owing to their low cost and rugged nature. On the other hand, analog radios can be used for communication while attuning to several specified bandwidths.

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Regional Analysis

Region-wise, the land mobile radio system market covers trends and opportunities across Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW). North America is touted to dominate the global market till the end of the forecast period. This can be attributed to presence of various telecommunication equipment providers and establishment of various standards. But the APAC region is predicted to register a robust CAGR over the forecast period.

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Source URL: https://marketersmedia.com/land-mobile-radio-lmr-market-2019-featured-analysis-by-size-share-growth-factors-and-applications-by-forecast-till-2023/481270

Source: MarketersMedia

Release ID: 481270

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