Growth of Land Mobile Radio Market to be backed by its Growing Applications in the Coming Years

Land mobile radios, also called public land mobile radio or private land mobile radio, has transformed the way of communication between two stations, owing to the rapid adoption of digital technology for LMRs over analog technology. LMRs find usage in several applications where communications play an essential role in daily operations, with the major applications being military & defense and public safety.

The global land mobile radio market (LMR) is expected to be valued at USD 20.82 Billion by 2022, growing at a CAGR of 14.3% during the forecast period from 2016 to 2022.

Based on type, the hand portable segment held the largest market share in 2015, since they are handy and easy to use. On the basis of technology, the digital technology segment is expected to hold the highest market share by 2022, and is also predicted to witness the highest growth ahead. This growth can be attributed to the presence and developments of advanced technologies and greater advantages of digital technology as compared to analog mobile radio devices.

Based on frequency, the market for 700 MHz and above land mobile radio frequency is poised to be the largest market as well as grow at a high rate over the forecast period. Among applications, public safety application was the dominant segment in 2015, owing to the rising need for efficient critical communications in military and defense, home security, emergency and medical services, and fire department, among others. However, the military and defense application is set to witness the largest share of the global LMR market for public safety application during 2016-2022.

In which region is the LMR market most likely to flourish and why?

Among regions, the market in North America is expected to be the leading market for land mobile radios over the forecast period. Rapid adoption of technologically advanced land mobile radios and large-scale research & development activities in this region are the factors behind the growth of LMR market in this region. Moreover, presence of major regulatory bodies, research institutes, and players in this region are further driving the market in this region towards growth. However, the Asia-Pacific market for land mobile radio is expected to grow at the highest CAGR between 2016 and 2022. This growth can be primarily contributed to the rising use of land mobile radios in the commercial sector, especially in transportation and utility applications.

What are the factors impacting the market growth?

The growth of the worldwide market for land mobile radios is being majorly governed by the following factors:

  • Growing need and significance of efficient critical communication operations
  • Rising demand for inexpensive and reliable land mobile radios
  • Transition of land mobile radios from analog to digital
  • Growing applications of LMR in various industries

In addition, growing requirement of voice encryption for secure communication and dynamic spectrum access is expected to create an array of growth opportunities for LMR market.

On the other hand, high costs of LMRs and limitation on spectrum bandwidth that is restricting the industry expansion are the two major factors that are likely to act as deterrents for the market growth. Moreover, growth of IoT devices is a key challenge to be overcome for the players involved in this market.

Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=27811764

Major players and growth strategies implemented

Harris Corporation, Motorola Solutions, Inc., Simoco, Raytheon Company, JVCKENWOOD Corporation, Thales SA, RELM Wireless Corporation, Hytera Communications Corporation Limited, Tait Radio Communications Limited, and Sepura PLC are the major companies operating in the global market for land mobile radios. These companies are mainly focusing on new product launches and developments, expansion, acquisitions, and collaborations in order to expand their presence in the global market as well as enhance their product offerings.

Share this post:

Recent Posts

Comments are closed.