Global Land Mobile Radio System Market to Reach US$ 50.1 Billion by 2028, Impelled by Rising Need for Efficient Communication

September 01, 2022 | Technology & Media

According to the latest report by IMARC Group, titled "Land Mobile Radio System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global land mobile radio system market reached a value of US$ 26.5 Billion in 2022. A land mobile radio (LMR) system is widely used for communication purposes. It is used across a variety of industries, including private communications for commercial industries and mission-critical communications in public safety. It generally consists of handheld portable radios, network infrastructure and repeaters that enable secured and instant communication. Additionally, it facilitates continuous monitoring of system conditions, security of sensitive voice and data traffic and regular comprehensive testing and assessment of system operability. As a result, LMR systems find extensive application across various industries, such as commercial, construction, transportation, defense, marine and military.

Global Land Mobile Radio System Market Trends:

The global market is primarily driven by the increasing need for efficient communication. This is attributed to the growing incidences of border threats and geopolitical conflicts among countries. Along with this, the rising occurrence of natural disasters, such as floods and earthquakes, are propelling the demand for land mobile radio systems since they exhibit the ability to overcome challenges faced by other networks, including wireless fidelity (Wi-Fi) and cellular mobile networks and offers reliable network coverage. Moreover, continual technological advancements are significantly contributing toward the adoption of LMR systems in diverse end-user industries. Additionally, numerous leading players are heavily investing in continuous product innovation, such as the replacement of existing systems in order to improve battery performance and voice clarity, which is creating a positive outlook. Other factors, including rapid industrialization and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors,the market is anticipated to reach a value of US$ 50.1 Billion by 2028, exhibiting a CAGR of 10.9% during 2023-2028.

Market Summary:

On the basis of the type, the market has been segmented into base station and repeaters, handheld portable radio and vehicle mounted radio.
Based on the technology, the market has been bifurcated into analog and digital technologies.
On the basis of frequency, the market has been classified into 25 MHz–174 MHz (VHF), 450 MHz–512 MHz (UHF) and 700 MHz and Above (SHF).
Based on the application, the market has been segregated into defense and public safety, commercial, construction, transportation and others.
On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.Some of these players include BK Technologies, Cisco Systems Inc., CODAN Limited, Hytera Communications Corporation Limited, JVCKenwood Corporation, L3Harris Technologies Inc., Motorola Solutions Inc., Raytheon Technologies Corporation, Simoco Wireless Solutions, Tait Communications, TE Connectivity Ltd. and Thales Group.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Type, Technology, Frequency, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	BK Technologies, Cisco Systems Inc., CODAN Limited, Hytera Communications Corporation Limited, JVCKenwood Corporation, L3Harris Technologies Inc., Motorola Solutions Inc., Raytheon Technologies Corporation, Simoco Wireless Solutions, Tait Communications, TE Connectivity Ltd. and Thales Group
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
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Global Land Mobile Radio System Market to Reach US$ 50.1 Billion by 2028, Impelled by Rising Need for Efficient Communication

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