Coherent Market Insights

Land Mobile Radio (LMR) Systems Market to Reach US$ 66237.86 Mn By 2030

Land Mobile Radio (LMR) Systems Market to Reach US$ 66237.86 Mn By 2030 - Coherent Market Insights

Publish On: Jan 10, 2023

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 2030, is expected to be valued at US$ 66237.86 million by 2030, exhibiting a CAGR of 16.3%  during the forecast period (2022-2030), as highlighted in a report published by Coherent Market Insights.

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 valued at US$ 17312.91 Mn in 2021 and is expected to exhibit a CAGR of 16.3% during the forecast period (2022 – 2030).

Key Developments

  1. In July 2022, Motorola Solutions, Inc., a leader in communication products, solutions, and providers, has signed a contract with the Indiana County Board of Commissioners to deliver improvements to the county’s emergency radio system
  2. In May 2021, Harris Corporation, an American technology company, declared a collaboration with FirstNet (First Responder Network Authority), a self-governing agency within the U.S. Department, to deliver 11,000 first responders in Florida with progressive communications systems.

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

https://www.coherentmarketinsights.com/market-insight/land-mobile-radio-systems-market-4198

The outbreak of COVID-19 has had a significant impact on the land mobile radio systems market. Moreover, the demand for land mobile radio systems has increased significantly as a result of the pandemic, as they are essential for communication between emergency services and first responders. However, the supply of these systems has been constrained due to disruptions to the global supply chain.

This has resulted in a sharp increase in prices for land mobile radio systems, which has significantly hampered the growth of the land mobile radio systems market during the COVID-19 Pandemic.

To know the latest trends and insights prevalent in this market, click the link below:

Browse 150 market data tables* and 90 figures* on “Global Land Mobile Radio (LMR) Systems Market - Global Forecast to 2030”

Key Trends and Analysis of the Global Land Mobile Radio (LMR) Systems market:

  • LMR systems are constantly evolving from analog to digital with developers focusing on research and development activities to integrate it with LTE technology. Public safety agencies prefer digital due to server limitations analog LMR networks face. Analog networks have low spectrum efficiency as compared to digital networks. Additionally, analog networks cannot be easily encrypted for security purposes and additional features such as video streaming, multimedia applications, and others cannot be incorporated into the technology. The trend of shifting from analog to digital communications systems is expected to continue over the forecast period. Around 64% of the agencies in the field of public safety and national security will advance from existing radio systems to digital in the next five years.
  • Interoperability has become a key success factor for LMR systems. P25 (Project 25) is the leading professional mobile radio (PMR) standard in North America and is extensively adopted in ensuring public safety in the U.S. Key benefits of this standard include efficient coverage of large geographic areas, capability of frequency reuse, interoperability between equipment produced by different suppliers, and high spectral efficiency. Harris Corporation is providing the integrated 700 MHz network solution for public safety. Harris VIDA Broadband LTE, which integrates broadband LTE with P25 communications system, was introduced in order to deliver this solution. Thus, interoperability among analog and digital networks and integration of LMR systems with LTE networks provides tremendous growth opportunities for the market.
  • Major 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, Airbus DS Communications, Inc., Motorola Solutions Inc., Harris Corporation & Hytera US Inc.

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