Press release
Land Mobile Radio LMR Market | 2019 Size, Share, Trends, Analysis Based on Top Industry Key Players Like Simoco Wireless Solutions (U.K.), JVC Kenwood Corporation (U.S.), Thales SA (France), RELM Wireless Corporation (U.S.) etc
Land Mobile Radio Market Research Report [Cooked Research Reports] — By Type (In-vehicle & Hand Portable), by Technology (Analog & Digital), Frequency (VHF & UHF), By End-users (Defense & Military, Real Estate & Construction, Transportation, Retail) - Forecast till 2023The Global Land Mobile Radio System Market size is projected to expand at a 10.69% CAGR over the forecast period (2018-2023) to touch USD 11,099.99 million by 2023
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/5985
Land Mobile Radio Market Overview:
The need for secure and fast communication mediums for public safety agencies to respond quickly to critical emergencies is likely to bode well for land mobile radio (LMR) systems. LMRs operate on secure and higher frequencies than available to the common public. They are even used by the military for transmission of sensitive data.
The global land mobile radio system market is poised to touch a valuation of USD 11,099.99 million by 2023. It can accrue revenue at 10.69% CAGR over the forecast period (2018-2023) owing to the need for secure public safety communication mediums. Urbanization, development of cities, and emergence of gated communities have elicited the need for manned guarding services. The LMR system market can thus grow by leaps due to the use of wireless radios by armed or unarmed personnel.
The ballooned defense expenditure of various militaries due to geopolitical tensions can work in favor of the market. LMR systems offer a secure and trusted communication medium for transmission of critical data. In addition, the extensive use of LMR systems by first responder agencies to assist in natural catastrophes of temperate weather conditions can boost the market growth.
Key Players
Some of the key players of Land Mobile Radio market include:
• Harris Corporation (U.S.)
• AIRBUS DS Communications (U.S.)
• Raytheon (U.S.)
• Motorola Solutions Inc. (U.S.)
• Simoco Wireless Solutions (U.K.)
• JVC Kenwood Corporation (U.S.)
• Thales SA (France)
• RELM Wireless Corporation (U.S.)
• Hytera (China)
• Tait Radio Communications Limited (New Zealand)
Motorola Solutions, Inc., JVCKenwood Corporation, Harris Corporation, Thales Group, and Hytera Communications Corporation Limited are the major five players operating in the global land mobile radio system market. Motorola Solutions, Inc. held the largest share among top five players with a share of 38.73%, in 2017, followed by JVCKenwood Corporation and Harris Corporation with respective shares of 12.17% and 10.65%. These companies continue to retain their strong global presence through expansions, mergers & acquisitions, partnerships & collaborations, and extensive product portfolio.
Research Methodology:
This research is the outcome of expert analysis conducted by skilled researchers of the Market Research Future (MRFR) who ensured that the best-suited methodologies have been integrated. The extensive report has two distinct stages; primary and secondary. In the primary stage, data is collected from interviews with the market doyens and then analyzed as per the standard parameters. The secondary approach has a detailed analysis of the market with a microcosmic view of the entire industry. The report also includes trends, factors and expert inputs that provide a holistic view of the entire market.
Analysis Period:
• Base Year - 2017
• Projection Period - 2018 to 2023
• Market Valuation - USD Million
Browse Complete Report @ https://www.marketresearchfuture.com/reports/land-mobile-radio-market-5985
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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