Press release
Public Safety LTE Market Segmentation, Business Insights, Strategies, Size, Share and Forecast by 2022-2029 | Public Safety LTE Industry Key Players - Airbus SE, Harris Corporation, General Dynamics Corporation, ZTE Corporations and Others
The outbreak of the COVID-19 pandemic has taken a toll on the global economy. Most of the companies have started cutting off their employees because of a decline in production and sales. The worldwide lockdown has created major disruptions in the supply chain, thereby obstructing the transportation of raw material. Our reports are providing elaborate analysis of the current situation and its effects on every market.
This Report Answers the Following Questions:
What are the challenges and opportunities in the global market?
Which segment is set to dominate the market in terms of share?
What are the growth drivers, dynamics, and obstacles?
Which region is expected to lead the market in terms of revenue?
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Drivers & Restraints-
High Demand for Seamless Data Connectivity to Accelerate Growth
The demand for seamless data connectivity is one of the major drivers for the public safety LTE market growth. It is being demanded increasingly from applications in unmanned aerial vehicles (UAVs). Apart from that, high qualities of voice communication services and data safety are being provided by public safety LTE networks. Coupled with this, the adoption of a low power wide area (LPWA), as well as the usage of emergency service to develop internet protocol (IP) would contribute to the market growth positively. However, budget constraints for maintaining and developing a dedicated public safety LTE network may hinder growth.
Regional Analysis-
Increasing Demand from Police Service to Favor Growth in Europe
Regionally, North America is anticipated to generate the highest public safety LTE market revenue in the near future. This growth is attributable to the presence of several industry giants, such as Harris Corporation and General Dynamics Corporation in the region. Europe is expected to retain the second position owing to the rising adoption of LTE networks in police service. Asia Pacific, on the other hand, is likely to showcase a considerable growth fueled by the rising demand for public safety LTE networks from India, Japan, and China. At present, China is developing unique 5G enabled LTE networks to refine the voice communication service across its borders.
Fortune Business Insights™ lists out the names of all the public safety LTE manufacturers present in the global market. They are as follows:
Airbus SE (Netherland)
AT&T, Inc. (The U.S.)
Bittium Corporation (Finland)
General Dynamics Corporation (The U.S.)
Harris Corporation (The U.S.)
Huawei Technologies Co. Ltd. (South Korea)
Hytera Communications Corporations (China)
KT Corporation (South Korea)
Samsung Electronics Co. Ltd. (South Korea)
ZTE Corporations (China)
Competitive Landscape-
Key Companies Aim to Sign Contracts to Gain a Competitive Edge
The market consists of a large number of companies across the globe. Most of them are trying to gain a competitive edge by signing contracts with the other start-ups. Some of them are also striving to bag new orders. Below are two of the key industry developments:
February 2020: The U.K. Home Office Emergency Services Network (ESN) signed a contract with APD Communications. It would enable APD to connect emergency services for ESN by using the LTE network.
November 2017: The U.K Home Office Emergency Services Network (ESN) and Samsung Electronics Co. Ltd. signed a contract to supply the former with 250,000 smartphones and accessories. The total deal is worth USD 280 million.
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