Reliable Data You Can Trust
Reliable Data You Can Trust
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 the 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.
The revenue generated by the land
mobile radio market was over USD 22 billion in 2022 and is expected to reach
over USD 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 at the following frequencies: 450–470 MHz, 150–172 MHz, and 30–50 MHz
(Low VHF Band) (UHF). Depending on the frequency it operates, LMR can cover
a wide region.
Countries around the world are
purring a 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
characterized the COVID19 coronavirus outbreak as having devastated humanity
and the global economy. All 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 in 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 the 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 a 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.
The report on the 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.
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.
The report provides deep insights
into 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 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 the 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 insight into the market share of the leading players.
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