Global Public Safety LTE Strategic Market Report 2022-2023 & 2030: Ever-Present Need for Mission Critical Communications Provides the Foundation for Growth

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Oct 03, 2023, 14:30 ET

DUBLIN, Oct. 3, 2023 /PRNewswire/ -- The "Public Safety LTE - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Public Safety LTE Market to Reach $28.8 Billion by 2030

In an age of rapid digital transformation and heightened demand for secure, real-time communications, the Global Public Safety LTE Market is experiencing remarkable growth. Starting at a value of US$ 7.5 Billion in 2022, this vital industry is poised to surge to a value of US$ 28.8 Billion by 2030.

This report offers a comprehensive analysis of the infrastructure and services markets, with a focus on the period from 2022 to 2030. It provides insights into annual revenues and the compound annual growth rate (CAGR) during this period. Historical data from 2022 to 2030 is also included, offering insights into the percentage of value revenue for key regions in 2023 and 2030.

The market is categorized into various segments, including Basic, Smart, Private, Hybrid, Commercial, Law Enforcement & Border Control, Firefighting Services, Emergency Medical Services, and Disaster Management. Among these, the Basic segment is anticipated to exhibit significant growth, boasting a noteworthy CAGR.

Geographically, the report delves into the analysis of the USA, Canada, China, Europe, Asia-Pacific, and the Rest of the World to provide a comprehensive understanding of regional market dynamics. The report also assesses the Public Safety LTE market, presenting annual revenue figures from 2022 to 2030, with a focus on value revenues for key regions in 2023 and 2030.

Additionally, this report encapsulates global market trends and highlights key players such as Cisco Systems, Inc. and AT&T, Inc., offering an in-depth analysis of market segments. Notably, the report provides detailed insights into the projected growth of the Infrastructure segment, which is expected to reach US$ 19.7 Billion.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

The Ever-Present Need for Mission Critical Communications Provides the Foundation for the Growth of Public Safety LTE
Global Economic Update
Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
Competition
Public Safety LTE - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Recent Market Activity
Innovations

MARKET TRENDS & DRIVERS

Growing Need to Manage Disaster Risk Against the Backdrop of Climate Change to Spur Growth of Public Safety LTE
Growing Frequency of Extreme Weather Events & Related Losses Drives the Focus on Disaster Preparedness, Promising to Bring Out Larger Budget Outlays for Public Safety LTE: Global Number of Extreme Weather Events & Financial Losses (In US$ Billion) for the Years 2000, 2005, 2010, 2015, 2020 and 2022
Focus On Developing Long-Term Emergency Medical Services Infrastructure to Benefit Growth in the Market
Growing Percentage of Population With Chronic Diseases Highlights the Dire Need for Investing in Mission Critical Communications as Part of the Healthcare Preparedness and Response Strategy: % of Global Population Who Are Chronically Ill for the Years 2010, 2015, 2020, 2025 and 2030
Rapidly Aging Population & Escalation in Demand for Geriatric Healthcare Highlights the Need for Efficient Emergency Medical Response Teams: Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
Expanding Opportunity for PERS Will Encourage Development of Robust Emergency Response Systems & Communication Networks: Global Opportunity for PERS (In US$ Million) for Years 2023, 2025 and 2027
Growing Demand for Ambulance Services Highlights the Need for Robust Public Safety Communication Systems & Network: Global Market for Ambulance Services (In US$ Billion) for Years 2023, 2025, and 2027
Rising Geopolitical Unrest & Healthy Defense Budgets to Benefit Demand for Mission Critical Communication Systems
Robust Defense Spending Amid the Unfortunate State of Global Geo-Political Affairs Opens Opportunities for Increased Spending on Critical Communication Systems: Military Spending by Top Countries in 2022 (In US$ Billion)
Ever-Present Risk of Fires, Stringent Fire Safety Regulations & Increase in Fire Response Services to Benefit Growth of Public Safety LTE
Growing Investments in Smart Cities Drives Demand for Advanced Public Safety LTE Solutions
Growing Spending on Smart Cities to Open Up Parallel Opportunity for Public Safety LTE Deployments: Global Spending on Smart Cities (In US$ Billion) for Years 2023, 2025 and 2027
Ensuring Safety Inside Public Buildings Emerges Into the Spotlight
LTE-Railway (LTE-R) - A Version of LTE to Support Mission-critical Requirements of Rail Operators
From AI, LPWA to New Gen Hardware, Public Safety Innovations Hit the Spotlight
Will Public Safety Communication Move From LTE to 5G?
Rapid Penetration of 5G Will Drive Interest in What 5G Can Do to Improve Public Safety: Global 5G Subscription (In Million) for Years 2023, 2025, 2027 and 2029

FOCUS ON SELECT PLAYERS (Total 63 Featured)

Airspan Networks Inc.
AT&T, Inc.
Bittium Corporation
Cisco Systems Inc.
Cobham Ltd
Frequentis AG
General Dynamics Corporation
Hytera Communication Co. Ltd.
L3Harris Technologies, Inc.
Leonardo S.p.A.
Mentura Group OY
Motorola Solutions, Inc.
NEC Corporation
Nokia Corporation
Samsung Electronics Co., Ltd.
Sierra Wireless
Sonim Technologies Inc.
Telefonaktiebolaget LM Ericsson
Verizon Communications Inc.

For more information about this report visit https://www.researchandmarkets.com/r/mzv6hi

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