Global Land Mobile Radio System Market Report 2023-2028: Enhanced Compatibility and Real-time Data Transmission Drive LMR System Market Growth

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Jan 18, 2024, 20:15 ET

DUBLIN, Jan. 18, 2024 /PRNewswire/ -- The "Global Land Mobile Radio System Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global land mobile radio system market size reached US$ 26.5 Billion in 2022. Looking forward, the market is expected to reach US$ 50.1 Billion by 2028, exhibiting a growth rate (CAGR) of 11.20% during 2022-2028.

LMR systems offer interoperability among agencies, integrated voice and data services, spectral efficiency, enhanced compatibility with existing systems and trunked, conventional and secure communications. As a result, they find extensive application across various industries, such as construction, commercial, transportation, marine, defense and military.

Land Mobile Radio System Market Trends

Significant growth in the defense and aviation industries across the globe is one of the key factors creating a positive outlook for the market. LMR systems are widely used for seamless communications, sharing critical information and real-time data transmission for enhanced safety and productivity.

Moreover, the shifting consumer preference from analog LMR systems to advanced digital variants that support both voice and data communications is providing a thrust to the market growth. These innovative solutions provide enhanced signal coverage, improved voice quality, radio capacity and extended battery life. Additionally, various technological advancements, such as the development of terrestrial trunked radio (TETRA) systems for emergency radio communications, are acting as other growth-inducing factors.

These systems are used by paramedics, fire departments, police forces and ambulatory service providers to communicate through public safety networks. In line with this, the rising demand for reliable and cost-effective LMRs among the masses is also contributing to the growth of the market. Other factors, including the widespread product adoption for commercial applications, along with the increasing demand for voice encryption for secure communications, are anticipated to drive the market toward growth.

Key Questions Answered in This Report:

How has the global land mobile radio system market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global land mobile radio system market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the frequency?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global land mobile radio system market and who are the key players?
What is the degree of competition in the industry?

Competitive Landscape

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.
Thales Group

Key Market Segmentation

Breakup by Type:

Base Station and Repeaters
Handheld Portable Radio
Vehicle Mounted Radio

Breakup by Technology:

Analog Technology
Digital Technology

Breakup by Frequency:

25 MHz-174 MHz (VHF)
450 MHz-512 MHz (UHF)
700 MHz and Above (SHF)

Breakup by Application:

Defense and Public Safety
Commercial
Construction
Transportation

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Latin America
Brazil
Mexico
Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/4hf0sq

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SOURCE Research and Markets