Land mobile radio systems market

Land Mobile Radio (LMR) Systems Market, By Type (Hand Portable and Mobile), By Technology (Analog, Digital (TETRA, Project 25, dPMR, DMR, and TETRAPOL)), By Application (Military (Government), Commercial, Construction, Transportation, and Others (Mining and Utilities)), and By Region (North America, Europe, APAC, RoW) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Jan 2023
CMI4198
150 Pages
Excel & Pdf
Information and Communication Technology

Summary

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.

Land Mobile Radio (LMR) Systems Market Report Coverage

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:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: Israel, GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Type: Hand Portable, Mobile By Technology: Analog, Digital ( TETRA, Project 25, dPMR, DMR, TETRAPOL By Application: Military (Government), Commercial, Construction, Transportation, Others (mining and utilities)
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
Growth Drivers:	Growing importance of efficient mission-critical operations is expected to drive growth of the global land mobile radio (LMR) systems market during the forecast period Expansion of LTE network leading to demand LTE-integrated LMR devices is expected to propel the global land mobile radio (LMR) systems market growth over the forecast period
Restraints & Challenges:	Security concerns regarding theft and alteration of mission-critical information are expected to restrain growth of the global land mobile radio (LMR) systems 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

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:

In November 2022, Tait Ltd., a radio company, along with Kordia, a government-owned company offering technology services and solutions, together have won a contract to construct and sustain a secure digital land mobile radio communications network across New Zealand.
In May 2022, Hytera US Inc., a leading provider of the two-way radio communication company, launched PNC360S Push-to-Talk over Cellular (PoC) radio, this radio enables users to instant voice calls through a wireless network.

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

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

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.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on “Global Land Mobile Radio (LMR) Systems Market - Global forecast to 2030”.

Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What is the current global land mobile radio (LMR) systems market size?

The Global Land Mobile Radio (LMR) Systems Market is valued of US$ 17312.91 Million in 2021.

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2022-2030)?

The market is expected to witness a CAGR of 16.3% during the forecast period (2022-2030).

What is the primary factor contributing to the growth of the market?

Major factor driving the growth of the market during the forecast period is the Growing importance of efficient mission-critical operations and the Expansion of the LTE network leading to demand for LTE-integrated LMR devices.

What are the growth estimates for market till 2030?

The market is estimated to reach US$ 66237.86 Million by 2030

Which region held the largest market share in the Global Land Mobile Radio (LMR) Systems Market in 2021?

Among regions, the Europe region held the largest share in the Markets in 2021.

Who are the key players operating in the Global Land Mobile Radio (LMR) Systems?

The Market are 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., and Harris Corporation, & Hytera US Inc.