Land Mobile Radio Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Land Mobile Radio Market: Overview
Land mobile radio systems (LMRS) are wireless communication system used by terrestrial users in vehicles or on foot. These systems can be hand portable or mobile. The technologies that are implemented in LMRS are analog and digital. Some of common applications of these systems are retail, transportation, mining, home security, and military and defense. These systems are used by dispatched services, public works organization, and first responder organizations such as fire, ambulance services, and police.
Global Land Mobile Radio Market: Key Trends
One of the primary drivers for the global land mobile radio (LMR) market is the gradual shift from analog to digital LMR. Merits such as high standards of performance, less power consumption, log display, high bandwidth, and better quality coverage are prompting manufacturers and users to shift towards digital LMR. The pressing need for efficient critical communication operations is also stirring up the demand for LMR. Moreover, these radios find application in various industries, such as transportation and military and defense. Thus, the robust growth of these sectors is positively impacting the growth of the market.
On the other hand, the limitation pertaining to the spectrum bandwidth of LMR is restricting the market from realizing its utmost potential. Moreover, the high capital required for developing LMR is inhibiting the growth of the market. The emergence of Internet of Things (IoT) coupled with the proliferation of IoT devices is emerging as a major challenge for players in the global land mobile radio market.
Global Land Mobile Radio Market: Market Potentail
With the birthing of alternative communication systems, the much of the attention is on technological advancements for the global land mobile radio market to thrive. Market players are pouring funds into research and development activities to introduce products that are innovative and advanced and help them in sustaining. For instance, in June 2015, Icom America introduced a new transceiver, IC-F5122DD/IC-F6122DD, that oprates as a data modem and enables remote system management and field monitoring. The radio offers superior solutions to sectors such as transportation and utilities. It can be used for communication to one or multiple units with individual, groups, and all calls.
Global Land Mobile Radio Market: Geographical Segmentation
The regions studied in the research report are Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa. North America will account for a substantial share in the global market. The extensive research and development activities in the field of radio communication and the high demand for technologically advanced land mobile radios are bolstering the growth of the region. The presence of a large number of key players and research institutes in countries such as the U.S. and Canada is providing an edge to North America over other regions.
Global Land Mobile Radio Market: Competitive Landscape
The majority of players in the global land mobile radio market are focusing towards technological advancements and product innovation to enhance their visibility in the market. Key players are looking upon mergers and partnerships as viable growth strategies to stay ahead in the market. Some of the prominent participants in the global LMR market are Motorola Solutions Inc., Harris Corporation, JVCKENWOOD Corporation, Raytheon Company, Thales SA, Hytera Communications Corporation Limited, RELM Wireless Corporation, and Sepura PLC..
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report