Zion Research has published a new report titled “Land
Mobile Radio (LMR) System Market (Hand Portable and Mobile (Vehicular)) for
Military, Commercial, Construction, Transportation and Others Application:
Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth,
Segment, Trends and Forecast, 2015 – 2021”. According to the report, global
demand for Land Mobile Radio (LMR) system market was valued at USD
14.37 billion in 2015, and is expected to generate revenue of USD 36.87 billion
by end of 2021, growing at a CAGR of slightly above 17.0% between 2016 and
2021.
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Land Mobile Radio (LMR) systems are connected wireless
communication systems. They are used in fire and police departments, emergency
services, and other first responder organizations. Land mobile radio (LMR)
systems also used in the companies that possess a vast fleet of vehicles or an
extensive network field staff. LMR systems can be classified into two major
technologies such as analog and digital types. These systems are used for
applications such as commercial, construction, transportation, military, and
utility.
The LMR system market is primarily driven by increasing
significance of efficient mission critical communication operations, advance
LMR system and transition from digital LMR systems. Increasing number of
purchases from the government and defense sector to allow communication in
harsh situation is expected to fuel growth of this industry. In addition, the
expansion of LTE networks has driven the demand for LTE-integrated LMR systems
which would support the LMR system market growth in the near future. However,
security issue is a major challenge that may limit the growth of the Land
mobile radio (LMR) systems market. Even so, advanced technologies in land
mobile radio systems and growing adoption by corporate users may open the
opportunities for this market within the forecast period.
The global land mobile radio (LMR) systems market is
segmented on the basis of type, technology, application, and region. Based on
type, the LMR system market is segmented as hand portable and mobile
(vehicular). In terms of revenue, hand portable emerged as leading segment of
LMR system market and accounted for over 55% share of the overall market in
2015. The mobile (vehicular) segment is expected to witness significant growth
rate over the forecast period.
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Based on technology, the global and mobile radio (LMR)
systems market is segmented in to digital and analog. Digital LMRs technology
is expected to emerge as the largest market and dominate the land mobile radio
market from 2015 owing to the growing demand for digitalized products.
Moreover, tetra, project 25, DMR & Tetrapol is the sub segment of digital
technology. In 2015, TETRA digital technology based LMR systems followed by
project 25 technology segment dominated the digital technology segment of this market.
Military application segment dominated the land mobile radio
(LMR) systems market in 2015. This segment is expected to continue its
dominance in global market throughout the forecast period. Commercial sector is
expected to witness a moderate growth in the years to come.
Geographically, global LMR market has been segmented into
North America, Europe, Asia Pacific, Middle East & Africa, and Latin
America regions. North America is one of the largest markets for land mobile
radio systems in 2015. Asia Pacific is expected to exhibit tremendous growth in
the near future. Europe is expected to grow at a significant rate due to the
surging demand for LMR systems from the construction and government sectors.
Some of the key players in land mobile radio (LMR) systems
market include Airbus DS Communications, TE Connectivity Ltd., Honeywell
International, Inc., Raytheon Company, RELM Wireless Corporation, Harris
Corporation, Thales Group S.A., Motorola Solutions, Inc., Cassadian
Communications Incorporation, Nokia Solutions and Networks, and JVC KENWOOD
Corporation.
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This report segments the global land mobile radio systems
market as follows:
Global Land Mobile Radio Systems Market: Type Segment
Analysis
·
Hand Portable
·
Mobile (Vehicular)
Global Land Mobile Radio Systems Market: Technology Segment
Analysis
·
Analog
·
Digital
·
TETRA
·
Project 25
·
DMR
·
TETRAPOL
Global Land Mobile Radio Systems Market: Application Segment
Analysis
·
Military
·
Commercial
·
Construction
·
Transportation
·
Others
Global Land Mobile Radio Systems Market: Regional Segment
Analysis
·
North America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East and Africa
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4283, Express Lane,
Suite 634-143,
Sarasota, Florida 34249, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: http://www.zionmarketresearch.com
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