Land Mobile Radio (LMR) Systems are two-way wireless communications systems used by first responders, militaries, transportation agencies and industries. LMRs facilitate push-to-talk over radio to improve collaboration during emergencies or routine operations. New capabilities like integrated Wi-Fi, internet connectivity and multimedia messaging have increased the systems' usefulness.
The global Land Mobile Radio (LMR) Systems Market is estimated to be valued at US$ 23416.91 Mn in 2023 and is expected to exhibit a CAGR of 16.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The adoption of next generation LMR systems is accelerating market growth. Next gen systems offer superior features like broadband data, integrated smartphones and GPS to enhance worker safety, productivity and situational awareness. They provide seamless communication between different departments and enable real-time sharing of text, images and videos. FirstNet, the dedicated wireless broadband network for first responders launched by AT&T, integrates LTE technology with LMR to deliver improved coverage and capabilities. Similarly, other major players are focused on developing hybrid and multifunction solutions to drive communications across agencies. This in turn is increasing demand for upgraded LMR infrastructure with expanded capacity and coverage.
Segment Analysis
Project 25 (P25) segment is dominating the Land Mobile Radio (LMR) Systems market. P25 systems are digital radio communications systems that meet the Association of Public-Safety Communications Officials Project 25 compliance standards. These systems offer features such as interoperability, compatibility, scalability and security. P25 promotes standardization and increases spectrum efficiency and is emerging as the leading technology for public safety networks.
Key Takeaways
The Global Land Mobile Radio (LMR) Systems Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The North American region currently dominates the market due to established public safety infrastructure and ongoing replacement of aging analog systems with P25-compliant digital ones.
Regional analysis
North America is expected to continue dominating the LMR systems market during the forecast period. This is attributed to ongoing modernization initiatives and replacement of aging analog systems across countries in the region. The region has witnessed significant investment from government agencies to upgrade public safety communication infrastructure.
Key players
Key players operating in the Land Mobile Radio (LMR) Systems market are JVC Kenwood Corporation, Tait Ltd., Thales Group S.A., Nokia Networks B.V., Raytheon Company, RELM Wireless Corporation, Airbus DS Communications, Inc., Motorola Solutions Inc., Harris Corporation & Hytera US Inc. These players are focusing on developing P25-compliant digital LMR solutions to capitalize on ongoing transition from analog to digital networks.
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