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..
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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