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Land Mobile Radio Industry is Growing at a Decent CAGR of 10.9% During the Forecast Period 2017 - 2025




(IT-NEWSWIRE.COM, June 11, 2018 ) The global LMR market is estimated to grow at a CAGR of 10.9% during the forecast period 2017 2025 and accounts for US$ 16,226.1 Mn in the year 2025.

A sophisticated radio trunking device that allows two-way radio communication for critical information pass on services and other such applications is a land mobile radio. LMR is being widely used by governments and enterprises for the simplicity of communication it brings for the users. It caters to the services of terrestrial users to communicate with each other. With the rising demand for LMR technology from the private organizations, the market for LMR will grow in the coming years. LMR systems are highly being used in the commercial sector that includes utilities, transportation, industrial, logistics, security, and several others. Mostly, the companies that are in daily business operations require this technology more than the others in the commercial sector.

The widely used LMR in the commercial sector is the portable radios owing to its small size and easy use. Furthermore, as the construction are increasing in various geographies at a high rate, owing to several factors such as the development of smart cities, making constructions resilient to disasters, and construction of high rise buildings, the demand for land mobile radios is increasing on the site of development for communication. Therefore, the rising demand for LMR technology from private organizations is driving the market of land mobile radios.

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In our study, we have segmented the LMR market by type, technology, frequency, and application. The type segment of LMR market includes hand portable and in-vehicle. On the basis of technology, the LMR market is segmented into analog and digital. The digital technology is further segmented into TETRA, DMR, P25, and others. Moreover, the market for LMR is bifurcated on the basis of frequency into 25-174 MHz (VHF), 200-512 MHz (UHF), and 700 MHz and above. On the basis of applications, the market is bifurcated into commercial, industrial, and public safety and government. On the basis of geography, the LMR market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).

Rising demand from the private sector will boost the demand for the technology in the coming years. The key players profiled in the report are Harris Corporation, Motorola Solutions Inc., Simoco Telecommunications Ltd., JVCKenwood Corporation, RELM Wireless Corporation, Hytera Communications Corporation Limited, Tait Radio Communications Ltd., Icom Inc., Thales Group, and Cartel Communication Systems Inc.

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