An Exhaustive Study on Land Mobile Radio Market
Land mobile radio market is projected to witness a compound annual decent growth rate of CAGR (2023-2017).Land mobile radio (LMR) systems are required for the wireless communications which are commonly used for carrying out critical operations.
These critical operations are also known as mission-critical communications by public safety professionals which include police, and firefighters among several others.
Continuous Advancements In Wireless Technology
There is a need for continuous evolution in the land mobile radio (LMR) systems which have become necessary for tackling emergency situations. With time, public safety agencies are shifting from basic analog to digital LMR systems which have better features in comparison to the conventional LMR systems.
LMR technologies are continuously enhancing in order to meet the demands of mission-critical operations such as disaster management, military operations and rescue management. Currently available advanced LMR systems include features like improved interoperability, security, reliability, and low-speed data communications among others. Hence, continuous advancements in wireless technology have a high impact on driving the growth of the global land mobile radio market.
Land Mobile Radio Market Forecast By Geography
Geographically, land mobile radio market is segmented as North America, Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC). North America land mobile market holds a significant share of the market and will witness considerable growth during the forecast period at a CAGR of XX% attributed to the high demand for technologically advanced land mobile radios in the region.
North America land mobile radio market is projected to grow at a CAGR of XX.XX%, rising from US$XX.XX billion in 2017 to US$XX.XX billion in 2023 and accounts for a significant share of the overall market owing to the extensive research and development activities in the region and high adoption of technologically advanced devices such land mobile radios. The presence of a large number of key players and research institutes in the region is providing an edge to North America over other regions. Harris Corporation, Raytheon, RELM Wireless Corporation are the few major players in the region.
Land Mobile Radio Market Forecast By Type
By type, the land mobile radio market is segmented as digital and analog.The digital land radio market is expected to show significant growth due to the swift transition and adoption of communication devices from analog to digital.
The digital land mobile radio market is projected to grow at a CAGR of XX.XX%, rising from US$XX.XX billion in 2017 to US$XX.XX billion in 2023. Growth in digital land mobile radio systems is driven by a swift shift from analog to digital formats such as TETRA, NXDN, and DMR due to advancement in technology.
Technological advancements and increasing functionalities and features of the digital systems are likely to encourage the adoption of digital land mobile systems. Advanced features such as group chats, enhanced voice clarity, higher quality coverage, longer battery life and customization of the software applications is also a major factor for the growth of the digital land mobile radio market. Major market players are also investing their funds in R&D activities to introduce novel and advanced products in the market to help them sustain and get an edge over the competitors. IC-F5122DD/IC-F6122DD is a transceiver by Icom America was launched in 2015 that enables remote system management and field monitoring.
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