|07-12-2018 09:53 PM CET - Media & Telecommunications||
Land Mobile Radio (LMR) Systems market To Grow at a CAGR of +12% by 2023 According to new Research
Press release from: Research N Reports
The land mobile radio market (LMR) is expected To grow at a CAGR of +12% By 2023. The land mobile radio market for software is expected to grow at a high rate during the forecast period. Digital technology is likely to grow at the highest rate due to the presence of advanced technologies such as TETRA, which provide features such as group chats, enhanced voice clarity, higher quality coverage, longer battery life, and availability of customized software applications.
The oil and gas industry are expected to hold the largest size of the land mobile radio market during the forecast period. The use of portable land mobile radios for almost every commercial and public safety organization, such as in police stations, fire departments, emergency medical services, is the major reason for the largest market share of the segment.
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The growing need for efficient critical communications in military and defense, home security, emergency and medical services, and fire department is expected to drive the growth of this market. Military and defense is expected to account for the largest application area of the global LMR market for public safety application
Land mobile radio (LMR) systems are independent or connected wireless communication systems. Although primarily designed for military purposes, these systems are also used in fire and police departments, emergency services, and other first responder organizations, in addition to companies that possess a vast fleet of vehicles or an expansive network field staff. The expansion of LTE networks has driven the demand for LTE-integrated LMR systems, thereby spurring the overall LMR systems market. Moreover, the growing importance of efficient mission-critical operations has driven the demand for advanced LMR systems.
The report is Segmented on the following basis: LMR Market, by Type: Hand Portable, In-Vehicle (Mobile),
LMR Market, by Technology: Analog, Digital, TETRA, DMR, P25 and Others (TETRAPOL, NXDN, dPMR, )
LMR Market, by Frequency:
LMR Market, by Application: Commercial, Retail, Transportation, Utility, Mining, Public Safety, Military and Defense, Home Security, Emergency and Medical Services (EMS) and Fire Department
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The report for Global Land Mobile Radio (LMR) Systems Market includes primary research alongside the comprehensive investigation of subjective as well as quantitative perspectives by different industry specialists, key supposition pioneers to gain the more profound understanding of the market and industry execution. The report gives the reasonable picture of the current market situation which incorporates authentic and anticipated market estimate in terms of esteem and volume, technological advancement, macroeconomic and governing factors in the market. The report provides detailed statistics and strategies of the best key players in the industry. The report additionally gives a broad study of the distinctive market sections and areas.
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This release was published on openPR.
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