What is Land Mobile Radio Market Scope?
Although the digital and highly advanced telecommunication systems are being introduced to the market, they are unable to cater the needs for highly secure and critical communication applications. Thus, the demand for land mobile radios (LMRs) has been increased. In addition to this, the introduction to cheaper and reliable LMRs has further improved the business. These are the two-way communication devices which can be used in a minimum two or more than two users. These devices were initially developed to provide 24x7 communication services. They are also available wirelessly on differential frequencies.
The Land Mobile Radio market study is being classified by Type (Hand Portable and In-Vehicle), by Application (Commercial, Industrial and Public Safety) and major geographies with country level break-up. According to AMA, the Global Land Mobile Radio market is expected to see growth rate of 13.69% and may see market size of USD27.2 Billion by 2026.
The Players having a strong hold in the market are Harris Corporation, Motorola Solutions, Simoco Telecommunications, Raytheon Company & JVC Kenwood Holdings. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Land Mobile Radio market throughout the predicted period.
Harris Corporation (United States), Motorola Solutions, Inc. (United States), Simoco Telecommunications South Asia Limited (India), Raytheon Company (United States), JVC Kenwood Holdings Inc. (Japan), Thales SA (France), RELM Wireless Corporation (United States), Hytera Communications Corporation Limited (China), Tait Radio Communications Limited (New Zealand), Sepura PLC (Hytera) (China), Cartel Communication Systems Inc. (Canada) and Icom Inc. (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cartel Communication Systems Inc. (Canada) and Icom Inc. (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Land Mobile Radio market by Type, Application and Region. On the basis of Type, Hand Portable are dominating the market in the year 2020 where as In-Vehicle stood as second largest market share.
On the basis of geography, the market of Land Mobile Radio has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On May 16, 2019, The National Oceanic and Atmospheric Administration (NOAA) has signed a three-year, USD 284 million sole-source extension on the ground segment contract with Harris Corporation which will support Geostationary Operational Environmental Satellite (GOES) -R Series weather satellites by bringing new technologies that support increased capabilities. The three-year contract extension will modernize the ground-computing infrastructure and reduce the IT footprint, laying the foundation for future migration to cloud technologies.
On May 23, 2019, Motorola Solutions has launched a communication service that seamlessly connects enterprise teams with instant and reliable, group-based communication named WAVETM broadband push-to-talk in Japan. The new service delivers real-time voice and data communication securely over any IP network, connecting teams, and individuals both inside and outside of their existing communication systems.
Influencing Market Trend
- Upsurging Applications of Land Mobile Radios in Military, Defense, and Transportation Industry
- Growing Adoption of Digital Land Mobile Radios across the Globe
Market Drivers
- Rising Need for Land Mobile Radios Critical Communication Applications
- Escalating Demand for Cheaper and Reliable Land Mobile Radios
Opportunities
- Introduction to Voice Encryption will Further Enhance Communication Security
- Favorable Dynamic Spectrum Bandwidth Regulations and Standards
Restraints
- Comparatively Higher Manufacturing Costs of Building Land Mobile Radios
- Spectrum Bandwidth Expansion Restrictions might Stagnate the Demand
Challenges
- Rising Threat of Substitutes with Introduction to IoT Enabled Communication Devices
Key Target Audience
Upstream Buyers of Land Mobile Radios, Land mobile Radio Manufacturers, Asset Management Consultants, Industry Associations and Regulatory Authorities, Research Institutes and Organizations, Venture Capitalists, and Private Equity Firms and Others
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