Land Mobile Radio Market to witness considerable upsurge during 2018-2027| Harris Corporation, Motorola Solutions, Icom, Hytera Communications, Thales Group, JVCKenwood

The LMR market has experienced high growth and adoption rate in the last few years and is also expected to experience a significant growth and adoption rate in years to come. One of the major reasons for high adoption of LMR is rising demand for LMR technology from the private sector. The commercial sector that includes utilities, transportation, industrial, logistics, security, and several others are some of the primary end users of LMR systems. Mostly, the companies that are in daily business operations require this technology more than the others in the commercial sector.

The global LMR market is expected to grow from US$ US$ 7081.4 Mn in 2017 to US$ 16226.1 Mn by 2025 at a CAGR of 10.9% between 2017 and 2025.

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The widely used LMR in the commercial sector are the portable radios owing to its small size and easy use. Also, as the construction are increasing in various geographies at a high rate, owing to several factors such as the development of smart cities, making constructions prone to disasters, and construction of high rise buildings, the demand for land mobile radios is increasing on the site of development for communication.

Some of the major players influencing LMR market are Harris Corporation, Motorola Solutions Inc., Icom Inc. and Hytera Communications Corporation Limited. Also, Thales Group, JVCKenwood Corporation, and RELM Wireless Corporation are other key companies in the LMR market. Many companies are investing in LMR owing to the potential improvements related to better coverage, operational efficiency and additional services helping the customers to efficiently communicate with the help of voice as well as data communication.

The LMR market is segmented by type, technology, frequency, and application, across five major geographical regions. The different applications of LMR that are covered in this report include commercial and public safety.

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LMR system types have been broadly categorized into following two categories as Hand Portable LMR systems and In-Vehicle LMR systems.  Based on technology, the land mobile radio has been classified into two types as analog and digital. The digital technology is further classified into DMR, TETRA, P25, and others.  By frequency, the land mobile radio has been classified into three types as 25-174 MHz (VHF), 200-512 MHz (UHF), and 700 MHz and above frequency. By application, the LMR market is divided into commercial, industrial, and public safety & government. Five major geographical regions considered within the scope of this market are North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Land Mobile Radio Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Land Mobile Radio Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Posted by on Friday September 20 2019, 5:17 PM EDT. All trademarks acknowledged. Filed under Featured Press Release, Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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