Global Land Mobile Radio System Market – Industry Analysis and Forecast (2018-2026)
Global Land Mobile Radio System Market was valued at US$ 8.93 Bn in 2017 and is expected to reach US$ 28.18 Bn by 2026, at a CAGR of 15.45% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Land mobile radio systems are terrestrial-based professional communication systems proposed for critical communications among emergency reaction and public security organizations. More, land mobile radio is a piece of communication equipment, which offers seamless and mission-critical voice communication and data services.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding land mobile radio system market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to emerging segment in the land mobile radio system market.
The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
The land mobile radio system market is driven by factors such as growing awareness of efficient operation critical communication in the defense and emergency response sector. The inflated defense budget expenditure of different nations and the need for advanced communication devices is expected to boost the market demand during the forecast period. This is supported by increasing demand for land mobile radio system devices in private security services.
Manned protecting services have been on the rise on the back of growing urbanization and the high requirement of trained security personnel for guarding the safety of civilians. However, limited channel capacities, a dearth of the spectrum, and strict government regulations hamper the land mobile radio system market growth.
The defense and public safety segment lead the land mobile radio system market. Land mobile radio systems are progressively being used in the defense and public safety segment by law enforcers and emergency responders for providing release services during natural disasters, terrorist activities, and other situations. A land mobile radio system enables responders to expand real-time decision-making capabilities through the integration of voice communications, data applications, and command centers, which has augmented its demand in the defense segment.
The digital land mobile radio system is estimated to grow at a high CAGR during the forecast period. Increasing technological developments and bigger functionalities of digital technology over analog mobile radio devices are some of the prominent factors that are expected to boost the adoption of digital land mobile radio devices during the forecast period.
North America is expected to the largest market share during the forecast period owing to the presence of a large number of key players in the region. Asia Pacific is projected to witness the fastest regional market growth owing to the growing telecom & IT industry and rising demand for public safety. The Asia Pacific and Middle East & Africa are projected to highest CAGR during the forecast period owing to increasing safety measures during natural disasters, terrorist activities, and other situations.
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Key Players Operating in the Global Land Mobile Radio System Market
• Airbus DS Communications
• Cobham AvComm
• DAMM Cellular Systems A/S
• EF Johnson Technologies, Inc.
• Harris Corporation
• Hytera Communications Corporation Ltd.
• ICOM America Inc.
• JVCKENWOOD USA Corporation
• Midland Radio Corporation
• Motorola Solutions, Inc.
• Nokia Networks
• Raytheon Company
• RELM Wireless Corporation
• Sepura Plc
• PowerTrunk Inc.
• Tait Ltd.
• Thales Defense & Security, Inc.
• Vertex Standard LMR, Inc.
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