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Land Mobile Radio (LMR) Market is thriving globally by Top key players like Harris Corporation, Motorola Solutions, Simoco Telecommunications, JVCKenwood, RELM Wireless, Hytera Communications

03-22-2019 10:37 PM CET | IT, New Media & Software

Press release from: The Insight Partners

Land Mobile Radio (LMR) Market is thriving globally by Top key

A sophisticated radio trunking device that allows two-way radio communication for critical information pass on services and other such applications is a land mobile radio. LMR is being widely used by governments and enterprises for the simplicity of communication it brings for the users. It caters to the services of terrestrial users to communicate with each other. With the rising demand for LMR technology from the private organizations, the market for LMR will grow in the coming years. LMR systems are highly being used in the commercial sector that includes utilities, transportation, industrial, logistics, security, and several others. Mostly, the companies that are in daily business operations require this technology more than the others in the commercial sector.

The global LMR market is expected to grow from US$ US$ 7081.4 Mn in 2017 to US$ 16226.1 Mn by 2025 at a CAGR of 10.9% between 2017 and 2025.

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The Land Mobile Radio Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Key players profiled in the report are Harris Corporation, Motorola Solutions Inc., Simoco Telecommunications Ltd., JVCKenwood Corporation, RELM Wireless Corporation, Hytera Communications Corporation Limited, Tait Radio Communications Ltd., Icom Inc., Thales Group, and Cartel Communication Systems Inc.

As leading companies in Land Mobile Radio market continues to broaden their addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Various companies in the value chain are acquiring other local players and operating through joint ventures with retailers in the market to maintain their position in market and provide efficient solutions to its customers.

Key questions answered in the report include
• What will the market size and the growth rate be in 2025?
• What are the key factors driving the global Land Mobile Radio market?
• What are the key market trends impacting the growth of the Land Mobile Radio market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global Land Mobile Radio market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the Land Mobile Radio market?

The overall Land Mobile Radio market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Land Mobile Radio market.

For More Information: http://bit.ly/2UQ9HlN

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Company: The Insight Partners
Contact: Sameer Joshi
Phone: +1-646-491-9876
Email: sam@theinsightpartners.com

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