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The Global 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) - Global Forecast to 2027, is expected to be valued at US$ 145.6 billion by 2027, exhibiting a CAGR of 25.3% during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights.

Overview

Land mobile radio (LMR) system is a wireless communication system used for applications such as utility, commercial, military, mining, and construction. It is typically employed by police departments, emergency medical service, fire departments, and other public work organization. LMR systems are linked to other fixed communication systems such as cellular networks or public switched telephone network (PSTN) for achieving better geographical coverage. 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 global land mobile radio (LMR) systems market is estimated to account for US$ 145.6 Bn in terms of value by the end of 2027.

Market Drivers

Growing popularity of efficient mission-critical operations is expected to drive growth of the global land mobile radio (LMR) systems market during the forecast period

LMR is useful for local, state, and national governments in emerging economies that are using very high frequency (VHF) and ultra-high frequency communication networks. In such cases, countries primarily rely on alternate communication technologies, which in turn, is expected to boost the demand for LMR systems. Furthermore, governments of many countries are investing in the development of their defense communication systems. For instance, in the government of Colombia allocated US$ 1 billion for the purchase of communications equipment, armored vehicles, satellites, and helicopters. Likewise, the U.S government spent US$ 0.9 billion for the enrichment of its army’s tactical communications system. Hence, these factors are expected to propel the global land mobile radio (LMR) systems market growth over the forecast period.

Market Opportunities

Inorganic strategies among major market players can present lucrative growth opportunities

Key companies in the market are focused on various inorganic strategies such as mergers & acquisitions, joint ventures, contracts, and partnerships, in order to enhance the market presence and gain a competitive edge in the market. For instance, in January 2014, JVC Kenwood acquired EF Johnson Technologies Inc. (EFJT), a company focused on offering mission-critical Digital P25 communications solutions. This acquisition is intended to boost the business of JVC KENWOOD Corporation in North America. Furthermore, In April 2014, Thales Defense and Security Inc. entered into an indefinite-delivery/quantity contract from the U.S Army for its Soldier Radio Waveform Appliqué radio system namely, Vehicle Integrated Power Enhanced Rifleman.

Market Restraint

Security issues associated with theft and alteration of mission critical information is expected to hamper the global land mobile radio (LMR) systems market growth over the forecast period

Public safety communications systems are continuously evolving from traditional analog (LMR) systems to digital systems. Analog systems process mainly voice communications; whereas, the benefit of digital systems is ability to process voice, data, and multimedia communications. This evolution has come about with the development of systems that rely profoundly on computer-based technologies, thus bringing common security concerns associated with large, distributed, automated information systems (AIS) such as data theft, data modification, and others. These cybersecurity threats can compromise LMR systems, as cyber viruses can take control of the system and either shut down the system, damage it, or extract confidential and critical information. Hence, these factors are expected to hamper the market growth in the near future.

Market Trends

  1. LTE standard is expected to be ready for public safety application by the end of 2014, and related equipment will be accessible in the market as early as 2018. Harris Corporation, Motorola Solutions, and other companies are investing in R&D activities for integration of LTE with LMR networks and to make it viable for commercial launch in public safety applications. LTE offers ability for high-performance Mission Critical Voice (MCV) and capability to deliver nationwide interoperability among agencies.
  2. Major companies are involved in contracts and agreements, in order to enhance the market presence. For instance, in June 2012, Thales Group SA received a contract from the U.S. Department of Homeland Security (DHS) to provide public safety and tactical communications devices and products to DHS under its Tactical Communications (Tacoma) program.

Global Land Mobile Radio (LMR) Systems Market - Impact of Coronavirus (Covid-19) Pandemic

Many companies are laying off people due to the reduced sales volume owing to the COVID-19 pandemic. For instance, In U.S. according to the Coherent Market Analysis, the unemployment rate increased from 5.5% to 14.5% in the period December 2019 to April 2020. As companies are facing losses, it is expected that companies will reduce the expenditure on the new product development and technological advancement during the year 2020. COVID-19 pandemic is expected to restrain the market growth during the year 2020. 

Competitive Section

Key players operating 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., and Harris Corporation.

Key Developments

Major companies are focused on product launches, in order to enhance the product portfolio. For instance, in April 2020, Nokia Networks B.V. launched a number of product innovations namely new radio access AirScale solutions.

Segmentation

Existing Clientele

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