LAND MOBILE RADIO (LMR) SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

Land mobile radio (LMR) system is a communication system that uses radio waves as a medium of communications. It is also called as public land mobile radio and is designed for use among terrestrial users on foot or in vehicles. These systems are used by first responder organizations such as police departments, emergency medical service providers, fire departments, and others. Organizations are shifting towards digital technology owing to several benefits such as enhanced voice quality, data capabilities, better spectral efficiency, and other features including VoIP and video streaming. Integration of LMR systems with LTE technology further offers substantial growth opportunities for the LMR systems market in the near future.

Market Dynamics

Land mobile radio (LMR) system plays crucial role in the disaster management. It helps staff to communicate over the short (using radio waves) and long distance (using LTE network) to manage disaster effectively. In the recent past, countries such as China, India, Japan, and US witnessed deadliest natural disasters due to which government spending (of these countries) on disaster management is increased.

Although Land mobile radio (LMR) system offers effective communication among staff which helps to monitor system centrally. However, global land mobile radio (LMR) systems market faces various challenges such as high installation cost, skilled technician to handle the system and others. Such challenges may hamper the growth of global Land mobile radio (LMR) system market during the forecast period.

Key features of the study

• This report provides an in-depth analysis of the global land mobile radio (LMR) systems market and provides market size (USD Mn) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players.
• It profiles leading players in the global land mobile radio (LMR) systems market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
• Key companies covered in the global land mobile radio (LMR) systems market are JVC KENWOOD Corporation, Tait Ltd., Thales Group S.A., Nokia Networks B.V., Raytheon Company, RELM Wireless Corporation, Cassadian Communications, Inc. (Airbus DS Communications, Inc.), Motorola Solutions Inc., Harris Corporation, & Hytera US Inc.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics.
• The global land mobile radio (LMR) systems market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global land mobile radio (LMR) systems market.

Market Segmentation

• Global Land Mobile Radio (LMR) System Market, By Type, 2020 - 2032 (USD Mn)
  • Hand Portable
  • Mobile
• Global Land Mobile Radio (LMR) System Market, By Technology, 2020 - 2032 (USD Mn)
  • Digital
    • TETRA
    • Project 25
    • dPMR
    • DMR
    • Others (TETRAPOL, etc.)
  • Analog
  • Broadband (LTE and 5G)
• Global Land Mobile Radio (LMR) System Market, By Frequency, 2020 - 2032 (USD Mn)
  • 25-174 (VHF)
  • 200-512(UHF)
  • 700 MHZ & Above
• Global Land Mobile Radio (LMR) System Market, By Application, 2020 - 2032 (USD Mn)
  • Commercial
    • Retail
    • Transportation
    • Utility
    • Mining
    • Others (Entertainment, etc.)
  • Public Safety
• Global Land Mobile Radio (LMR) System Market, By Region, 2020 - 2032 (USD Mn)
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa
• Key Players Insights
  • Thales
  • BK Technologies
  • L3harris Technologies, Inc.
  • Motorola solutions, Inc.
  • JVCKENWOOD Corporation