According to the latest report by IMARC Group, titled “Land Mobile Radio System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the land mobile radio system market?
The global land mobile radio system market size reached US$ 26.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 50.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.9% during 2023-2028.
What is Land Mobile Radio System?
The land mobile radio system (LMR) refers to a wireless communications network used by public safety organizations for critical communications and transmitting encrypted information. It is commonly utilized by terrestrial operators to communicate with base stations. The system includes repeaters, vehicle-mounted cell phones, network infrastructure and portable handheld radios. They offer interoperability among authorities, data services, spectral efficiency, integrated voice-based functions, improved compatibility with existing systems and secure communications. They are widely used across various industries, such as construction, transportation, military, defense and marine.
What are the growth prospects and trends in the land mobile radio system industry?
The global land mobile radio system (LMR) market is primarily being driven by significant growth in the defense and aviation industries. The systems are extensively used for critical communication and sharing real-time information for enhanced security. Moreover, the widespread adoption of LMR systems in shopping malls, hospitals, airports and manufacturing units to streamline business operations and improve customer experience is favoring the market growth. Other factors, including the increasing utilization of LMR solutions for improving workforce productivity, along with various technological advancements, such as the launch of voice encrypted and digital LMR solutions, are creating a positive outlook for the market.
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Who are the key players operating in the industry?
The report covers the major market players including:
- BK Technologies
- Cisco Systems Inc.
- CODAN Limited
- Hytera Communications Corporation Limited
- JVCKenwood Corporation
- L3Harris Technologies Inc.
- Motorola Solutions Inc.
- Raytheon Technologies Corporation
- Simoco Wireless Solutions
- Tait Communications
- TE Connectivity Ltd
- Thales Group.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Base Station and Repeaters
- Handheld Portable Radio
- Vehicle Mounted Radio
Breakup by Technology:
- Analog Technology
- Digital Technology
Breakup by Frequency:
- 25 MHz–174 MHz (VHF)
- 450 MHz–512 MHz (UHF)
- 700 MHz and Above (SHF)
Breakup by Application:
- Defense and Public Safety
- Commercial
- Construction
- Transportation
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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