The land mobile radio market is poised for significant growth, with projections indicating a robust landscape reaching a value of US$ 58.0 billion by the year 2032. This growth is expected to be driven by a steady Compound Annual Growth Rate (CAGR) of 10.8% throughout the forecast period.
The market for Land Mobile Radios (LMR), which are commonly used in sectors like public safety, transportation, and industrial applications, is set to expand substantially over the next decade. This expansion can be attributed to factors like the increasing demand for reliable communication systems in various industries and advancements in LMR technology.
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The sector has been expanding well as a result of the public safety organizations and police departments’ increasing emphasis on advancing communication technology. Various businesses such as shipping, infrastructure, production, and healthcare, frequently use land mobile radio systems.
The digital technology industry is fueling the growth of this market. For instance, TETRA has essential communication capabilities, as well as remarkable spectrum efficiency.
Security, quick call setup, a feature set for voice calls, and quick data transmission are a few of them. Since TETRA does not require internet access, its use in business and public safety communications networks has increased.
Land mobile radio (LMR) systems are being implemented by public safety organizations, which include fire departments, ambulance services, and law enforcement agencies, in a variety of locations. These are hotels, manufacturing complexes, warehouses, and theme parks.
There have been more natural disasters in recent years such as landslides, floods, storms, and earthquakes. All across the world, there are constant accidents at work and on the roads.
These reasons have increased the amount of work being done by various emergency response organizations around the world. These organizations have only recently started adopting LMR radio systems owing to their spectrum efficiency and stability. The market for professional land mobile radio (LMR) systems might expand as a result of this.
Key Takeaways from Land Mobile Radio Market Report:
- South Korea and China’s land mobile radio industries are set to exhibit CAGRs of 11.2% and 11.8%, respectively.
- By type, the hand-portable land mobile radio segment witnessed growth at a CAGR of 14.0% from 2017 to 2021.
- Japan’s land mobile radio market is expected to be valued at US$ 4.2 billion by 2032.
- The United Kingdom’s land mobile radio market is set to be valued at US$ 2.8 billion by 2032.
- North America’s land mobile radio market size was US$ 7.1 billion in 2021.
Key Players in the Land Mobile Radio Market:
- Harris Corporation
- Motorola Solutions
- Simoco
- Raytheon Company
- Thales SA
- Hytera Communication Corporation Limited
- Tait Communications
- Sepura Plc
- Icom Inc.
- Cartel Communication Systems Inc.
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Land Mobile Radio Market Segmentation:
By Type:
- Hand Portable
- In-Vehicle (Mobile)
By Technology:
- Analog
- Digital
By Frequency:
- 25 to 174 (VHF)
- 200 to 512 (UHF)
- 700 MHZ & Above
By Application:
- Public Safety
- Commercial
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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