The Land Mobile Radio Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Land Mobile Radio Global Market Report 2024, The land mobile radio market size has grown rapidly in recent years. It will grow from $18.17 billion in 2023 to $21.01 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period can be attributed to public safety communications, military and defense applications, transportation and logistics, construction and infrastructure, oil and gas industry.
The land mobile radio market size is expected to see rapid growth in the next few years. It will grow to $36.38 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to autonomous vehicles, mining and extraction, utilities and energy, healthcare integration, space exploration. Major trends in the forecast period include 5g integration, internet of things (iot) and sensor networks, integration of artificial intelligence (ai) and machine learning, energy-efficient radios, satellite communication integration.
In accordance with The Business Research Company’s comprehensive analysis presented in the Land Mobile Radio Global Market Report 2024, the burgeoning trajectory of the land mobile radio market is unequivocally evident. Experiencing an impressive surge, the market size is poised to escalate from $18.17 billion in 2023 to an estimated $21.01 billion in 2024, reflecting a noteworthy Compound Annual Growth Rate (CAGR) of 15.7%. This remarkable growth in the historical period can be ascribed to pivotal factors encompassing public safety communications, military and defense applications, transportation and logistics, as well as construction and infrastructure, alongside the influential presence of the oil and gas industry.
Anticipating a trajectory of sustained expansion, the land mobile radio market is projected to attain a substantial valuation of $36.38 billion by 2028, demonstrating a commendable CAGR of 14.7%. The surge in the forecasted period is underpinned by pivotal sectors such as autonomous vehicles, mining and extraction, utilities and energy, healthcare integration, and space exploration. Noteworthy trends dominating this future landscape encompass the seamless integration of 5G technology, the Internet of Things (IoT) and sensor networks, the fusion of artificial intelligence (AI) and machine learning, the adoption of energy-efficient radios, and the integration of satellite communication.
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The land mobile radio market covered in this report is segmented –
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 salient trend observed within the land mobile radio market is the pivotal integration of LTE technology into Land Mobile Radio (LMR) systems. Functioning as a transformative fourth-generation (4G) wireless standard for cellphones and other cellular devices, LTE augments network capacity and speed. Manufacturers in the land mobile radio domain are progressively adopting LTE technology due to its manifold advantages, including centralized management, expedited Push-to-Talk (PTT) set-up times, diminished recurring costs, enhanced interoperability and compliance, superior network performance in comparison to disparate networks, unrestricted inter-technology communications, and fortified network security.
A notable instance underscoring this trend transpired in April 2021, as the National Institute of Standards and Technology (NIST) in the USA unveiled an innovative low-cost computer system. This groundbreaking system seamlessly connects aging public safety radios to modern wireless communication networks. Functioning as a prototype, the NIST system facilitates the connection of analogue Land Mobile Radio (LMR) handsets and towers to an LTE server that adeptly manages network operations. The advent of this prototype holds significant promise, potentially simplifying the process for public safety agencies to link their radio systems to broadband networks. This linkage, in turn, empowers the transmission of voice, text, instant messages, video, and data, thereby heralding a new era in the realm of comprehensive and cutting-edge communication networks.
The land mobile radio market report table of contents includes:
1. Executive Summary
2. Land Mobile Radio Market Characteristics
3. Land Mobile Radio Market Trends And Strategies
4. Land Mobile Radio Market - Macro Economic Scenario
5. Global Land Mobile Radio Market Size and Growth
.....
31. Global Land Mobile Radio Market Competitive Benchmarking
32. Global Land Mobile Radio Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Land Mobile Radio Market
34. Land Mobile Radio Market Future Outlook and Potential Analysis
35. Appendix
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The Land Mobile Radio Market report published by Data Bridge Market research is the representation of data and analysis of the market.
The data included in this Land Mobile Radio Market report provides detailed information of the geographic landscape, competitive scenarios and upcoming opportunities in the Industry.
The inclusion of the statistical records in the Land Mobile Radio Market report helps in authenticating the results that are being presented and thus provide a clear vision and indication to clients in understanding the response of the participants.
Global land mobile radio market is set to witness a healthy CAGR of 12% in the forecast period of 2019- 2026.
The report contains data of the base year 2018 and historic year 2017 Get Access to PDF Sample of Global Land Mobile Radio Market Size, Status and Forecast 2019-2026 @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-land-mobile-radio-market Market Definition: Global Land Mobile Radio MarketLand mobile radio systems are the terrestrially-based wireless communications systems which are commonly used by the state, federal, local, territorial and tribal emergency responders, public works companies and the military for supporting low-speed and voice data communications.
These systems typically comprises of mobile radios, handheld portable radios, a network, repeaters and base stations.
The report consists of all the detailed profiles for the Land Mobile Radio Market major manufacturers and importers who are influencing the market.
This market study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period derived with the help of SWOT analysis.Global land mobile radio market is set to witness a healthy CAGR of 12% in the forecast period of 2019- 2026.
The report contains data of the base year 2018 and historic year 2017Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-land-mobile-radio-marketMarket Definition: Global Land Mobile Radio MarketLand mobile radio systems are the terrestrially-based wireless communications systems which are commonly used by the state, federal, local, territorial and tribal emergency responders, public works companies and the military for supporting low-speed and voice data communications.
These systems typically comprises of mobile radios, handheld portable radios, a network, repeaters and base stations.Top Manufacturers Covered in the Report:Few of the major competitors currently working in the global land mobile radio market are Sepura Limited, Motorola Solutions Inc., Harris Corporation, JVCKENWOOD Corporation, Thales Group, Raytheon Company, Hytera Communications Corporation Limited, BK Technologies, Tait Communications, Simoco, Artel, Codan Communications, Cisco Systems, Inc., Exacom Inc., Icom America Inc., Midland Radio, PowerTrunk.com , Uniden America Corporation, ZETRON among others.Focal points covered in this Statistical Survey reportThis Land Mobile Radio Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
Also it creates a relationship of the market outlook with Porter Five Force AnalysisThis research report is inclusive concept of the market progression.
The market progression considers the components of the present situation and compares the current scenario of the market with future developmental chances.The Land Mobile Radio Market research report includes investigation at global and regional levels.
About Land Mobile Radio Land mobile radio is a wireless communication system developed for terrestrial users for the purpose of emergencies and instant communications in fields such as public safety sector, home security, medical emergency, industries, mining, police, firefighters, and transportation.Covered in this report The report covers the present scenario and the growth prospects of the global land mobile radio market for 2018-2022.
To calculate the market size, the report considers the revenue generated from the use of several land mobile radios across various sectors.Request a Free Sample Copy of Land Mobile Radio Market Report @ https://www.radiantinsights.com/research/global-land-mobile-radio-market-2018-2022/request-sampleThe market is divided into the following segments based on geography: • Americas • APAC • EMEAGlobal Land Mobile Radio Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Key vendors • Harris • Hytera Communications • JVCKENWOOD • Motorola Solutions • Thales GroupFor further inquiries, about - Global Industry Analysis, Size, Growth, Trends and Forecast 2018 - 2022, click on this link – https://www.radiantinsights.com/research/global-land-mobile-radio-market-2018-2022Market driver • Rising demand for commercial applications • For a full, detailed list, view our report Market challenge • Security concerns of data transmissions • For a full, detailed list, view our report Market trend • Compliance with TETRA and Project 25 standard • For a full, detailed list, view our report Key questions answered in this report • What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
About Land Mobile RadioLand mobile radio is a wireless communication system developed for terrestrial users for the purpose of emergencies and instant communications in fields such as public safety sector, home security, medical emergency, industries, mining, police, firefighters, and transportation.Global land mobile radio market to grow at a CAGR of 11.18% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global land mobile radio market for 2018-2022.
To calculate the market size, the report considers the revenue generated from the use of several land mobile radios across various sectors.Download sample Copy of This Report at: https://www.radiantinsights.com/research/global-land-mobile-radio-market-2018-2022/request-sample The market is divided into the following segments based on geography: AmericasAPACEMEAGlobal Land Mobile Radio Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.Browse Full Report With TOC @ https://www.radiantinsights.com/research/global-land-mobile-radio-market-2018-2022 Key vendors HarrisHytera CommunicationsJVCKENWOODMotorola SolutionsThales GroupMarket driverRising demand for commercial applicationsFor a full, detailed list, view our reportMarket challenge Security concerns of data transmissionsFor a full, detailed list, view our reportMarket trend Compliance with TETRA and Project 25 standardFor a full, detailed list, view our reportKey questions answered in this report What will the market size be in 2022 and what will the growth rate be?What are the key market trends?What is driving this market?What are the challenges to market growth?Who are the key vendors in this market space?About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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