Mission Critical Communication Market is set to grow by US$ 27,876.68 Mn with a CAGR of 8.6% from 2022 to 2028 - Latest Analysis by The Insight Partners
According to our latest market study on "Mission Critical Communication Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Technology, and Vertical," the market is expected to grow from US$ 17,031.56 million in 2022 to US$ 27,876.68 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2022 to 2028.
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Mission-critical communications are the approaches adopted to provide communication methods when traditional networks fail to address the needs. This is common at huge public events, as thousands of mobile users utilize the network simultaneously, and most public communications networks cannot sustain such intensity without collapsing. Traditional cell networks also fail in disaster-stricken areas or public safety crises, leaving onsite first responders without communication systems. Mission-critical communications are also important in the oil & gas sector, coast guard departments, homeland security departments, transportation industry, and unmanned vehicles, among others.
A surge in the cases of terrorism, border tensions, natural disasters, symmetric warfare, insurgencies; cross-border communication in major emergencies; damage to communications infrastructures; different safety-critical tasks like lifting operations, entry to confined spaces, emergency response; need to establish coordination of between different parties, the demand for mission-critical communication will grow. Also, mission-critical network and infrastructure systems provide better broadband connectivity, mobility, interoperability, and security.
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Europe held the largest mission-critical communication market share in 2021. The well-established communication sectors, continuous technological advancements, and growing digital Land Mobile Radio (LMR) products' adoption by the public and private sectors are the factors generating a huge demand for mission-critical communication systems in Europe. Governments in European countries facilitate the most effective application of LMR technology and establish uninterrupted communication during emergencies.
Mission Critical Communication Market: Competitive Landscape and Key Developments
Telefonaktiebolaget LM Ericsson; Thales Group; Motorola Solutions; L3Harris Technologies, Inc.; and Hytera Communications Corporation Ltd. are a few of the key market players.
The mission-critical communication market players mainly focus on developing advanced and efficient products.
1. In 2022, L3Harris Technologies announced the Mission Critical Push-to-Talk (MCPTT) standards in 15 of its XL line radios at the International Wireless Communications Expo (IWCE). The MCPTT will be exhibited in the XL-Series devices that enable countrywide interoperability to fire, law enforcement, and emergency medical services.
2. In 2022, Hytera, a global leader in professional communications technologies and solutions, held an online launch event for delivering its investigation and insights into next-gen mission-critical communication. With the release of the Convergence-Native Next-Gen Mission-Critical Networks whitepaper and multiple product portfolios, the company is able to create a new "Hybrid" Era for the mission-critical industry.
3. In 2021, CTS and TASSTA, the Germany-based pioneer in mission-critical communications via wireless networks, announced a new strategic alliance that combines CTS's private 4G LTE and 5G wireless networks running on CBRS spectrum with TASSTA's mission-critical push-to-talk communications solution.
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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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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