Rising
significance of efficient mission-critical operations has fueled the
demand for land mobile radio (LMR) systems, states Transparency
Market Research in its latest report. The study, titled “Land
Mobile Radio Systems Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2020”, indicates that at a
16.9% CAGR from 2014 to 2020, the global LMR systems market is poised
to expand from US$10.57 billion in 2013 to US$30.6 billion by
2020.North America is the dominant regional segment of the global
land mobile radio systems market. However, rising demand for LMR
systems from the construction and government sectors is likely to
make Europe the leading revenue generator by 2020. Asia Pacific, on
the other hand, will be the fastest developing segment thanks to
growth of the automotive industry in China and India.
Browse
the full Land Mobile Radio (LMR) Systems Market report at:
On
the basis of type, the land mobile radio systems market is fragmented
into mobile (vehicular) LMR systems and hand portable LMR systems.
Growing applications of hand portable LMR systems in construction
activities, mining, and corporate use have made this segment the
dominant one. In terms of revenue, the hand portable LMR system held
a 55.9% share of the land mobile radio systems market in 2013. By
technology, the market for LMR systems is segmented into digital and
analog. The analog segment dominated the overall market in 2013 owing
to their presence in the market over a longer period of time and
large product offerings. However, digital LMR systems are anticipated
to surpass analog LMR systems by 2020, driven by a shift from analog
communication technologies to digital ones. Digital LMR systems
include Project 25 (P25), TETRA, DMR, dPMR, and TETRAPOL. Given the
advanced features of P25 and TETRA digital LMR systems, these two
dominate the overall market and are forecast to retain their lead
through 2020.
Get
the Free Sample Research Report of Land Mobile Radio (LMR) Systems
Market at:
Land
mobile radio systems are used in sectors such as military,
construction, transportation, and commercial. Accounting for 36.1% of
the global LMR systems market in terms of revenue, the military
application segment held the largest share in 2013. However, growing
adoption of LMR systems by large as well as small and medium
enterprises to streamline their business operations is likely to
boost the demand for land mobile radio systems in the commercial
sector. The need for LMR systems in the transportation sector is also
likely to rise with governments around the world focusing on
streamlining traffic control operations.
The
highly competitive land mobile radio systems market has numerous
leading players operating at a global and domestic level. These
include Thales Group S.A., TE Connectivity Ltd., Nokia Solutions and
Networks, Airbus DS Communications, Motorola Solutions, Inc.,
Raytheon Company, Honeywell International, Inc., RELM Wireless
Corporation, Harris Corporation, and JVC KENWOOD Corporation.
Offering convergence of LMR systems with high-speed cellular networks
is one of the many strategies companies are adopting to increase
their competitive share in the LMR systems market.
Browse
the Press Release of Land Mobile Radio (LMR) Systems Market at:
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research techniques to develop distinctive data sets and research
material for business reports.
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