Land Mobile Radio System Market Research Report: Information by Type (Portable and Vehicle-Mounted), Technology (Digital and Analog), Application (Commercial, Public Safety, Mining, Oil & Gas, Energy, Defense, Transportation, Construction and others), Frequency Band (25–174 [VHF], 200–512 [UHF] and 700 MHz & Above) and Region (North America, Europe, Asia-Pacific and Latin America and Middle East and Africa) - Forecast to 2027
Overview:
The Global Land Mobile Radio System Market is anticipated to rise to a valuation of USD 11,099.99 million by 2023, at a 10.69% CAGR during the forecast period (2018-2023). The need for land mobile radio systems (LMRs) in private security agencies is likely to bode well for the market. Unprecedented development of cities coupled with need for manned security services for the protection of citizens are expected to fuel the market growth.
Inflated defense expenditure of nations is predicted to boost the land mobile radio system market growth. Military spending had reached USD 1.7 trillion in 2017 according to the Stockholm International Peace Research Institute (SIPRI). Modernization of legacy equipment coupled with geopolitical tensions are likely to elicit the demand for LMRs till 2023. Commercial and industrial applications in oil & gas, logistics, transportation, utilities, and others offer new avenues for LMR vendors to expand.
Increasing use of unmanned aerial vehicles (UAVs) or drones for long-distance communication can be detrimental to the market. Emergence of automated security systems also pose a considerable threat to market growth.
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Segmentation:
The land mobile radio system market is segmented by type, application, and technology.
By type, portable LMRs can exhibit 11.08% CAGR over the forecast period to generate close to USD 7,081 million by 2023. The extensive use by militaries and governments is expected to spur the segment’s growth till the end of the forecast period. On the other hand, vehicle-mounted LMRs can exhibit 10.03% CAGR over the assessment period to generate USD 4,018.7
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Regional Analysis:
Region-wise, the land mobile radio system market includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). North America accounted for 31.84% market share in 2017, followed by Europe (28.73%), APAC (27.46%), and RoW (11.97%).
The North America region is expected to enjoy
Europe, on the other hand, can reach a size of USD 3,085.6 million by 2023, at a 10.08% CAGR over the forecast period. France and U.K. can contribute the maximum to the regional land mobile radio system market owing to need for digital LMRs by their respective public safety agencies. Launch of Long-term Evolution for Professional Mobile Radio (LTE4PMR) which allow first responders to communicate via broadband is expected to facilitate market growth.
Competitive Analysis:
Major names operational in the land mobile radio system market are Motorola Solutions, Inc. (U.S.), Thales Group (France), Simoco Wireless Solutions Limited (U.K.), Tait Ltd. (New Zealand), Hytera Communications Corporation Ltd. (China), ICOM Inc. (Japan), RELM Wireless Corporation (U.S.), Leonardo S.p.A. (Italy), JVCKenwood Corporation (Japan), Harris Corporation (U.S.), and others.
The global market comprises a mix of international and local players vying for the dominant position. Among them, Motorola and Kenwood together accounted for more than 50% of the LMR market in 2017. New product launches and launch of new ventures are strategies being adopted by these players. For instance, Harris Corporation launched dual-mode radios in its TP3000 series which ensures safety and security for communication. It even offers users to migrate from analog to digital.
1 EXECUTIVE SUMMARY
1.1 Market Attractiveness Analysis
1.1.1 Global Land Mobile Radio System Market, By Type
1.1.2 Global Land Mobile Radio System Market, By Technology
1.1.2.1 Global Land Mobile Radio System Market, By Digital Technology
1.1.2.1.1 Global Land Mobile Radio System Market, By DMR Technology
1.1.2.1.2 Global Land Mobile Radio System Market, By P25 Technology
1.1.3 Global Land Mobile Radio System Market, By Application
1.1.4 Global Land Mobile Radio System Market, By Frequency Band
1.1.5 Global Land Mobile Radio System Market, By Region
2 MARKET INTRODUCTION
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
2.5 Key Buying Criteria
3 RESEARCH METHODOLOGY
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List Of Assumptions
4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 Introduction
5.2 Drivers
5.2.1 Growing Demand For Land Mobile Radio In Private Security Services Industry
5.2.2 Rise In Defense Expenditure And Subsequent Demand For Military Communication Equipment
5.2.3 Drivers Impact Analysis
5.3 Restraints
5.3.1 Rise Of Automated Security Systems For Public Safety
5.3.2 Increased Use Of UAVs In Military Missions
5.3.3 Restraints Impact Analysis
5.4 Opportunities
5.4.1 Rising Use In Industrial And Commercial Applications
5.5 Trends
5.5.1 Transition To LTE Technology
6 MARKET FACTOR ANALYSIS
6.1 Supply Chain Analysis
6.2 Porter’s Five Forces Model
6.2.1 Threat Of New Entrants
6.2.2 Bargaining Power Of Suppliers
6.2.3 Bargaining Power Of Buyers
6.2.4 Threat Of Substitutes
6.2.5 Intensity Of Rivalry
6.3 Patent Analysis
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The report also lists several new factors which have been predicted to have a significant contribution to the positive growth of the Land Mobile Radio System Market.
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The research report comes up with the base year 2021 and the forecast between 2021 and 2027.Major Key Manufacturers of Land Mobile Radio System Market are : Hytera Communications Corporation Ltd,Icom Inc.,JVC Kenwood Corporation,L3Harris Technologies, Inc.,Leonardo SpA,Motorola Solutions, Inc.,RELM Wireless Corporation,Simoco Wireless Solutions Limited,Tait Ltd,Thales GroupRequest a sample of this report @ https://www.datalibraryresearch.com/sample-request/land-mobile-radio-system-market-1864?utm_source=free_medium=60The global Land Mobile Radio System market is presently growing at a rate of percent.
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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.Land mobile radio systems are terrestrial-based professional communication system proposed for critical communications among emergency reaction and public security organizations.
More, land mobile radio is a 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.
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This is supported by increasing demand for land mobile radio system devices in private security services.
