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Land Mobile Radio Market Rising at 11.56% CAGR To 2021
For overview analysis, the report introduces Land Mobile Radio Market basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc.
Marketsizeforecasters.com adds new global Land Mobile Radio market: report that lists top active companies as Airbus Group, Harris, JVCKENWOOD, Motorola Solutions, Thales Group, and Sepura.
Other Prominent Vendors in the market are: Cartel Communication Systems, Cisco, Cobham, Codan Radio Communications, EXACOM, Etherstack, Honeywell International, Hytera Communications, Icom America, Midland Radio, PowerTrunk, RELM Wireless, Raytheon, Simoco, SITA, Tait Communications, Uniden, and Zetron.
Research Analysts forecast the global Land Mobile Radio market to grow at a CAGR of 11.56% during the period 2017-2021.
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Commenting on the report, an analyst team said: The latest trend gaining momentum in the market is convergence of LTE networks with LMR technology. LMR transmits voice through circuit switching technology, whereas VoLTE (voice over LTE) is carried as voice over IP packets. LTE will deliver voice services over an information management system, which will transfer voice more effectively than the LMR network, during the forecast period. The emergence of LTE for tactical communication is also focused toward mobile broadband data. LTE, in terms of data application, allows access to critical information directly from the field.
The listed pricing for this Land Mobile Radio Market report starts at $ 3500.
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According to the report, one of the major drivers for this market is decline in the cost of LMR devices. Governments worldwide intend to reduce costs by choosing among the existing operators to offer LMR network devices and services to users across various verticals. This approach helps to build a common LMR infrastructure for enterprises, consumers, and public safety customers. Thus, the increased use of LMR devices in several sectors has led to the decrease in the ASP of these devices.
Further, the report states that one of the major factors hindering the growth of this market is shift to LTE technology. LTE is an established technology in the consumer smartphone market. It has the potential to offer the most efficient and reliable communication system to users. The increasing preference toward data-efficient technologies has driven the growth of LTE in the public safety sector. This rapid adoption of LTE worldwide will pose a challenge to the global LMR market during the forecast period. Industries are likely to focus on the adoption and implementation of LTE technology due to its enhanced features. The heightened demand for high-bandwidth applications will also drive the adoption of LTE.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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