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Land Mobile Radio Market (Type - Mobile LMR System, and Portable LMR System; Technology - Analog, and Digital; End User - Defence and Law Enforcement, Commercial, Construction, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : July, 2022

  • Rep Id : ICT003119

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the land mobile radio market provides in-depth analysis of segments and sub-segments in the global as well as regional land mobile radio market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional land mobile radio market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global land mobile radio market. According to the report, the global land mobile radio market is projected to grow at a CAGR of nearly 15% over the forecast period of 2022-2028.

 

Market Insight

The revenue generated by the land mobile radio market was over USD 22 billion in 2022 and is expected to reach over 50 billion in 2028 and is expected to grow with a CAGR of nearly 15% over the forecast period 2022-2028. Push-to-talk two-way radio communication is known as LMR, or Land Mobile Radio. It occurs in a number of different contexts, such as handheld, vehicle-mounted, and fixed base. Mission-critical communications in private communications for commercial businesses and public safety are two areas where LMR is used. For these industries, LMR serves as the main form of safe, immediate everyday communication. LMR Frequency Charts show the frequency bands that LMR operates in. For instance, LMR can operate on a number of frequencies for commercial and public safety purposes. LMR is available on the following frequencies: 450–470 MHz, 150–172 MHz, and 30–50 MHz (Low VHF Band) (UHF). Depending on the frequency it operates at, LMR can cover a wide region.

 

The countries around the world are purring huge emphasis on modernizing their land forces. In the ongoing modernization programs of land forces replacing age old communication systems with modern communication equipment such as land mobile radio systems. The growing modernization of land forces is reflected in the increase military spending by countries. As per SIPEI, global military expenditure increased from USD 1,774 billion in 2016 to USD 2113 billion in 2021. Thus, the growing modernization of land forces is boosting the growth of the market. The LMR is also used in other sectors such as manufacturing, utility, law enforcement, oil & gas and others. The use of LMR is growing rapidly in these sectors which is further driving the growth of the market. But the high cost of LMR system is hampering the growth of the market. However, technological advancements in radio technology are expected to boost growth opportunities in the market. The World Health Organization (WHO) has characterised the COVID19 coronavirus outbreak as having devastated humanity and the global economy. All of the governments have enacted a state of lockdown in an effort to contain this outbreak. Although the lockdown may have helped to slow the spread of the epidemic, it has had a devastating impact on the nations, upsetting the entire value chains of the most significant markets, including the market for land mobile radio systems. As the commercial and industrial units closed down the demand for land mobile radio systems also declined drastically. The manufacturing of these systems also took a hit as there were supply chain disruptions.

 

In terms of revenue, North America dominated the land mobile radio market. One of the world's top spenders on the military is North America. The US alone spent over USD 801 billion on the military in 2021. One of the key industries boosting the US economy is the defence industry. Thus, defense and law enforcement agencies are the largest users of land mobile radio in North America and thus have greatly propelled the growth of the market. In recent times due to growing public safety concerns in North America the use of LMR by law enforcement agencies have grown several folds. Other industries such as manufacturing, utilities and oil & gas are using LMR at an increasing rate due to multitude of advantages. Asia-Pacific is expected to be the fastest growing region as the demand from end user industries in the region is growing rapidly. 

 

Segment Covered

The report on global land mobile radio market covers segments such as type, technology, and end user. On the basis of type, the sub-markets include mobile LMR system, and portable LMR system. On the basis of technology, the sub-markets include analog, and digital. On the basis of end user, the sub-markets include defence and law enforcement, commercial, construction, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Motorola Solutions, Inc., RELM Wireless Corporation, Cassidian Communications, INC., Thales Group S.A., JVCKENWOOD Corporation, Hytera Communications Corporation Limited, Tait Radio Communications Limited, Sepura PLC, and Simoco Wireless Solutions.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of land mobile radio market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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