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Land Mobile Radio Market Projected to reach 20.82 Billion USD by 2022 | Key players include Harris Corporation, Motorola Solutions, Inc., Simoco and Raytheon Company

01-30-2019 08:04 AM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

MarketsandMarkets

MarketsandMarkets

According to the new market research report "Land Mobile Radio Market by Type (Hand Portable, and In-Vehicle), Technology (Analog, and Digital), Frequency (25-174 MHz, 200-512 MHz, 700 MHZ & above), Application (Commercial, and Public Safety), and Geography - Global Forecast to 2022", the Land Mobile Radio (LMR) market is expected to be valued at USD 20.82 Billion by 2022, growing at a CAGR of 14.3% between 2016 and 2022. Demand for inexpensive and reliable land mobile radios, growing significance of efficient critical communication operations, application of land mobile radios in diverse industries, and transition of communication devices from analog to digital are some of the factors driving the land mobile radio market.

Browse 69 market data tables and 54 figures spread through 146 pages and in-depth TOC on "Land Mobile Radio Market - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/land-professional-mobile-radio-market-27811764.html

Early buyers will receive 10% customization on this report.

“Digital technology expected to grow at a high rate during the forecast period”

The market for digital land mobile radio devices is expected to grow at a high CAGR during the forecast period. Growing technological developments and greater functionalities of digital technology over analog mobile radio devices are some of the prominent factors that are likely to encourage the adoption of digital land mobile radio devices during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27811764&utm_source=OpenPR

“Market for military and defense, and transportation land mobile radios to grow at the highest rate between 2016 and 2022”

Military and defense is the largest application driving the growth of land mobile radios for mission critical operations. Land mobile radios are a vital part of every military setup, and thus are expected to grow at a high rate during the forecast period. Land mobile radios are now available with inbuilt world class standards, such as P25 and TETRA, to cater to the needs of critical and seamless communications in military and defense and homeland defense. The application of land mobile radio in transportation covers land, air, and sea transport security. In air transport, information about arrival and departure of flights are conveyed and interoperated by security personnel via LMRs. Modern transport systems, such as highway, public transport, and port and airport facilities have provided the society with numerous advantages in terms of increased travel opportunities and greater choice. The Asian Institute of Transport Development (AITD) is focusing on making transport systems cleaner, safer, more efficient, and more affordable.

“North America expected to dominate the land mobile radio market between 2016 and 2022”

The land mobile radio market in North American is driven by factors such as extensive research and development activities, and growing land mobile radio offerings in terms of both portable and in-vehicle devices. The land mobile radio market in the region is estimated to grow considerably in the coming years on the back of the rise in demand for digitalized products that offer better and effective results than traditional analog products.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=27811764&utm_source=OpenPR

Major players involved in the land mobile radio market include Harris Corporation, Motorola Solutions, Inc., Simoco, Raytheon Company, and JVCKENWOOD Corporation, Thales SA, Raytheon Company, RELM Wireless Corporation, Hytera Communications Corporation Limited, Tait Radio Communications Limited, and Sepura PLC.

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

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