Land mobile radio (LMR) system is a communication system that uses radio waves as a medium to conduct communications. It is also called public land mobile radio and is designed for use among terrestrial users on foot or in vehicles. These systems are used in public works organizations, first responder organizations such as police departments, emergency medical service providers, fire departments, and others. LMR systems are linked to other fixed communication systems including cellular networks or public switched telephone networks (PSTN) for achieving better geographical coverage.
The global land mobile radio (LMR) systems market is estimated to account for US$ 17312.91 Mn in terms of value by the end of 2021 and is expected to grow at a CAGR of 16.3% during the forecasted period (2022-2030).
Market Opportunity
Rising adoption by corporate users can provide major business opportunities
Organizations need to equip their employees with the right communication tools for doing their jobs, owing to the growing pace and demands of today’s business environment. Growing awareness among corporate users regarding time and cost benefits offered by LMR systems provides growth opportunities for the LMR market. Existing two-way radio users have been using older devices that are approaching the end of life. Now the users are looking for better operability and enhanced functionality in these LMR devices. LMR is integrated into the workplace via smartphones and smart devices. Kenwood Corporation offers integration between LMR and smartphones through its NEXEDGE hand-portable devices, thereby improving communication and enhancing safety at the workplace.
Research and development activities can present lucrative growth opportunities
Key companies in the market are focused on research and development activities, in order to enhance their market presence. For instance, in August, Harris Corporation launched BeOn technology that would allow LMR devices to extend its voice capability over the 700MHz LTE communication network. Furthermore, in March 2011, JVC Kenwood introduced portable transceiver platforms in three model types, suited for different applications.
Market Restraint
Security concerns regarding theft and alteration of mission-critical information are expected to restrain the growth of the global land mobile radio (LMR) systems market during the forecast period
Public safety communication systems are constantly evolving from traditional analog (LMR) systems to digital systems. Analog systems process mainly voice communications; whereas, the benefit of digital systems is the ability to process voice, data, and multimedia communications. Moreover, LMR systems are exposed to risk of infiltration when they are connected to other networks, or when they are provisioned for remote access. These security threats could result in disclosure, destruction, or modification of sensitive information that could adversely impact system operations. Hence, these factors are expected to restrain growth of the market during the forecast period.
High capital investment is expected to hamper the global land mobile radio (LMR) systems market growth over the forecast period
Despite its numerous advantages, the global land mobile radio (LMR) systems market faces numerous challenges. Installing the LMR system requires significant capital investment. Besides, it needs to be operated by skilled personnel and technicians. Hence, these factors are expected to hamper the global land mobile radio (LMR) systems market during the forecast period.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 17312.91 Mn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 16.3% | 2030 Value Projection: | US$ 66237.86 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
JVC Kenwood Corporation, Tait Ltd., Thales Group S.A., Nokia Networks B.V., Raytheon Company, RELM Wireless Corporation, Airbus DS Communications, Inc., Motorola Solutions Inc., Harris Corporation & Hytera US Inc |
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| Restraints & Challenges: |
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Land Mobile Radio (LMR) Systems Market - Impact of Coronavirus (Covid-19) Pandemic:
Due to the Covid-19 pandemic, many industries witnessed a significant change in their business. Moreover, Land mobile radio market has been heavily impacted by Covid-19 in many ways. Firstly all the major key players in the market temporarily suspended their manufacturing sites in order to reduce the spread of the virus. In addition to this, the demand for metals such as copper, iron, and others also reduced and remain low for a long time in India and China.
Furthermore, this resulted in the slow growth of the global land mobile radio (LMR) systems and showed slow growth in their revenues during the Covid-19 Pandemic.
Competitive Scenario
Key players 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, DS Communications, Inc., Motorola Solutions Inc., Harris Corporation, & Hytera US Inc.
Recent Developments:
Forecasted Europe is expected to hold a dominant position in Land Mobile Radio (LMR) Systems market in 2030
Statistics:
Europe held dominant position in the global land mobile radio (LMR) systems market in 2021, accounting for 34.1% share in terms of value, followed by North America, APAC, and RoW respectively.
Figure 1: Global Land Mobile Radio (LMR) Systems Market Share (%), By Region, 2021
-systems-market-figure-1.png "Land Mobile Radio (LMR) Systems | CMI")
Europe Land Mobile Radio (LMR) Systems Market is expected to witness a high CAGR over the forecast period.
Europe is expected to be one of the prominent regions in the global market and witness high growth during the forecast period. This is owing to increasing demand for LMR systems.
Figure 2: Global Land Mobile Radio (LMR) Systems Market (US$ Mn) Analysis and Forecast, 2017 – 2030
-systems-market-figure-2.png "Land Mobile Radio (LMR) Systems | CMI")
The Global Land Mobile Radio (LMR) Systems Market was valued at US$ 17312.91 Mn in 2021 and is expected to reach US$ 66237.86 Mn by 2030, growing at a CAGR of 16.3% between 2022 and 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.
The Land mobile radio (LMR) system market was valued at US$ 17312.91 Mn in 2021.
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:
Detailed Segmentation
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