Land Mobile Radio Market Worth 15.65 Billion USD by 2020

Land Mobile Radio Market Worth 15.65 Billion USD by 2020

PUNE, India, January 19, 2016 /PRNewswire/ --



The report "Land Mobile Radio Market by Type (Portable, Mobile), Technology (Analog,
Digital), Industry (Public Safety, Commercial), Standard (P25, Digital Mobile Radio,
Terrestrial Trunked Radio, Others) & Geography - Global Trend & Forecast to 2020",
published by MarketsandMarkets, the land mobile radio market is estimated to grow from USD
7.52 Billion in 2014 to USD 15.65 Billion by 2020, at a CAGR of 13.09% during the forecast
period.



Browse 79 market Tables and 76 Figures spread through 149 Pages and in-depth TOC on
"Land Mobile Radio Market". 

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Land mobile radios are used in the areas of public safety and commercial applications
as per their business requirements. The growing market for these radio products is
expected to present several opportunities for stakeholders over the upcoming years.



Transition from analog to digital LMR products will drive the market for land mobile
radio 



One of the drivers for the growth of the market is the technological developments took
place during the evolution phase of land mobile radios. Communication through digital
radios was invented during the 1990s by a private consulting firm appointed by the U.S.
government. Due to the additional features such as log display, less power consumption,
and high standards, the digital LMRs offer robust communication experience and high
spectrum efficiency, which can't be offered by an analog land mobile radio. Another
advantage of digital LMRs is the voice processing technology using digital signal
processing (DSP) chips. The growing importance of digital LMRs and their advantages are
considered to be major factors for the growth of the global LMR market.



Portable land mobile radios play a key role in the land mobile radios market 



Portable LMRs are expected to hold the largest market share and dominate the land
mobile radios market during the forecast period because these devices are inexpensive and
consume less power. Portable LMRs play a key role in changing the land mobile radio
landscape and the market for the same is likely to grow at the highest rate during the
forecast period.



The public safety industry contributes the largest market share 



The public safety industry is expected to contribute the largest market share in land
mobile radios market. The increase in the protection against cyber threats and
improvements in communication infrastructure to improve real-time decision making
capabilities on the field propel the growth of the law enforcement industry in the public
safety market. The law enforcement industry is expected to grow at the highest CAGR from
2015 to 2020.



North America expected to contribute the largest market share; the market in APAC
likely to grow at the highest rate 



North America is expected to account for the largest market share and dominate the
land mobile radio market from 2015 to 2020 due to the presence of a large number of LMR
product providers. APAC offers potential growth opportunities due to the liberalization in
the telecommunication sector in APAC.



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The major vendors in the land mobile radio market include Sepura PLC, Hytera, RELM
Wireless, Motorola Solutions, and others.



The scope of the report covers detailed information regarding the major factors
influencing the growth of the land mobile radios market such as drivers, restraints,
challenges, and opportunities. A detailed analysis of the key industry players has been
done to provide insights into their business overview, products and services, key
strategies, new product launches, mergers & acquisitions, partnerships, agreements,
collaborations, and recent developments related to the market.



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