According to a
new market report published by Credence Research, “Land Mobile Radio (LMR)
Systems (Public Safety (Military & Defense, Law Enforcement, Fire
Department, Emergency & Medical Services (EMS)), Transportation, Utilities,
Oil and Gas, Mining, Construction and Other Verticals) Market - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2015 - 2022” the land mobile
radio systems market was valued at US$ 10.8 Bn in 2014 and is expected to reach
US$ 25.74 Bn, expanding at a CAGR of 11.8% during the forecast 2015 to 2022.
Browse the full Land Mobile Radio (LMR) Systems
(Public Safety (Military & Defense, Law Enforcement, Fire Department,
Emergency & Medical Services (EMS)), Transportation, Utilities, Oil and
Gas, Mining, Construction and Other Verticals) Market - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/land-mobile-radio-systems-lmr-market
Market Insights
Land mobile
radio systems, sometimes referred as private land mobile radios or public land
mobile radios are communications system used by terrestrial users while on foot
(portable land mobile radio) or in vehicles (mobile land mobile radio).
Examples include tow-way radios and walkie talkies. Generally, these systems
are deployed independently, but can also be connected to other stationary systems
such as cellular networks or public switched telephone network (PSTN). Land
mobile radios increasingly find applications in military and first responder
agencies including police department, fire rescue department, emergency and
medical service providers, disaster preparedness organizations, and other home
security organizations. The advancements in technology, resulting in a gradual
shift from analog to digital communication has expanded application base of
land mobile radio systems beyond military and public safety agencies into
corporate and enterprise users.
Competitive Insights
The global
land mobile radio systems market is highly consolidated and concentrated across
different vertical markets, especially public safety and military. The top four
manufacturers accounted for over 60 percent of the global market revenue share
in 2014. Motorola Solutions Inc., Harris Corporation, Raytheon Company, Thales
Group S.A., and JVC Kenwood Corporation are identified as the leading land
mobile radio system manufacturers while other players including Cassadian
Communications, Inc. (Airbus DS Communications, Inc.), Relm Wireless
Corporation, Hytera Communications, Nokia Networks B.V., TE Connectivity Ltd.,
and Tait Radio Communications have been marked as promising and emerging
players in the land mobile radio industry. Developing LTE-integrated land
mobile radio systems/units is expected to be the future market strategy for the
players in the market
For More Reports Related to This Category @
http://www.credenceresearch.com/industry/it-and-telecom-market
Key Trends
Shift from
Analog Land Mobile Radio Systems to Digital Land Mobile Radio Systems
Escalating
Demand for Portable Land Mobile Radio Units
Compliance
with Terrestrial Trunked Radio (TETRA) and Project25 Standard
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