Press release
Professional Mobile Radio (PMR) Market to Hit $44.41 Billion by 2028 with 14% CAGR Growth
Professional Mobile Radio (PMR) Market Report
Professional Mobile Radio (PMR) Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $44.41 Bn In 2028 At A CAGR Of 14% :
The professional mobile radio (PMR) market size has grown rapidly in recent years. It will grow from $23.11 billion in 2023 to $26.26 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to rise in the globalization and interconnectivity, increased adoption of remote work, demand for mobile communication, government regulations and standards, and increassed public safety.
The professional mobile radio (PMR) market size is expected to see rapid growth in the next few years. It will grow to $44.41 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to rising usage of land mobile radios, the need for interoperable communication, increasing broadband networks, increasing threat of cyberattacks, and growing concerns about environmental sustainability. Major trends in the forecast period include advancements in radio technology, advanced radio communication systems, integration with the Internet of Things (IoT) and artificial intelligence (AI) technologies, mission-critical communication, long-term evolution (LTE) technology, and cloud-based solutions
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=14980&type=smp
Professional Mobile Radio (PMR) Market Major Segments
The professional mobile radio (PMR) market covered in this report is segmented -
1) By Frequency: 25 MHz-174 MHz (VHF), 450 MHz-512 MHz (UHF), 700 MHz And Above (SHF)
2) By Technology: Digital, Analog
3) By Application: Commercial, Public Safety
Key Driver - Impact Of Rising Public Safety Concerns On The Professional Mobile Radio (PMR) Market Growth
Rising adoption for public safety is expected to propel the growth of the professional mobile radio (PMR) market going forward. Public safety refers to the welfare and protection of the general public, encompassing the government's responsibility to ensure people are safe from harm and danger. The increase in public safety concerns is due to several factors, such as global events and crises, socioeconomic disparities, environmental factors, and social and political dynamics. Professional mobile radio (PMR) is an essential communication tool that provides extensive coverage and is frequently designed with extra components to ensure that emergency responders have access to communication channels when they are most needed without interfering with civilian network traffic. For instance, in December 2023, according to the National Crime Records Bureau (NCRB), an India-based government agency responsible for collecting and analyzing crime data, a total of 4,45,256 cases of crime against women were reported in 2022, marking a 4% increase from 2021. Furthermore, in July 2023, according to Statistics Canada, a Canada-based government agency, police reported 874 homicides in Canada in 2022, 78 more than the year before. Therefore, rising adoption for public safety is driving the professional mobile radio (PMR) market. Therefore, rising adoption for public safety is driving the professional mobile radio (PMR) market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=14980&type=smp
Prominent Trend - Innovative Digital Mobile Radio Solutions For Enhanced Communication Efficacy
Major companies operating in the professional mobile radio (PMR) market are focused on developing innovative solutions, such as digital mobile radio (DMR), to gain a competitive edge in the market. Digital mobile radio (DMR) refers to a digital radio standard designed for professional mobile radio (PMR) systems used by businesses, governments, and other organizations for voice and data transmission on non-public radio networks. For instance, in July 2022, Hytera Communications Corporation Limited, a China-based communications equipment company, introduced its line of professional mobile radios featuring 5G, digital mobile radio (DMR), and LTE technologies. The new line of professional radios includes the AP & BP Series business radios, H Series DMR radios, Push-to-Talk over Cellular (PoC) radios, and Body Worn Camera, which are developed to ensure that enterprises and government agencies operate smoothly in a variety of indoor and outdoor work locations in Indonesia. These provide clear and reliable digital voice communication, offering better audio quality and noise reduction.
Professional Mobile Radio (PMR) Market Players
Major companies operating in the professional mobile radio (PMR) market are Airbus SE, Rostec, Ericsson, Thales Group, L3Harris Technologies Inc., Motorola Solutions Inc., Maxon America Inc., JVCKenwood Corporation, SITA, VIAVI Solutions Inc., Kontron AG, Anritsu Corporation, Hytera Communications Corporation Limited, Icom Inc. , Rexon Technology Co. Ltd., Sepura Limited, Zetron Inc., Uniden Holdings Corporation, Simoco Wireless Solutions, Midland Radio Corporation, Ritron Inc., PowerTrunk.com
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/professional-mobile-radio-pmr-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the professional mobile radio (PMR) market in 2023. The regions covered in the professional mobile radio (PMR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Professional Mobile Radio (PMR) Market Report Structure
3. Professional Mobile Radio (PMR) Market Trends And Strategies
4. Professional Mobile Radio (PMR) Market - Macro Economic Scenario
5. Professional Mobile Radio (PMR) Market Size And Growth
…..
27. Professional Mobile Radio (PMR) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Professional Mobile Radio (PMR) Market to Hit $44.41 Billion by 2028 with 14% CAGR Growth here
News-ID: 3503689 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
