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Land Mobile Radio Market - Market Players Analysis, Growth, and Forecast 2017 - 2025

12-19-2017 06:33 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Land Mobile Radio Market - Market Players Analysis, Growth,

Global Land Mobile Radio Market: Overview

Land mobile radio systems (LMRS) are wireless communication system used by terrestrial users in vehicles or on foot. These systems can be hand portable or mobile. The technologies that are implemented in LMRS are analog and digital. Some of common applications of these systems are retail, transportation, mining, home security, and military and defense. These systems are used by dispatched services, public works organization, and first responder organizations such as fire, ambulance services, and police.

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Global Land Mobile Radio Market: Key Trends

One of the primary drivers for the global land mobile radio (LMR) market is the gradual shift from analog to digital LMR. Merits such as high standards of performance, less power consumption, log display, high bandwidth, and better quality coverage are prompting manufacturers and users to shift towards digital LMR. The pressing need for efficient critical communication operations is also stirring up the demand for LMR. Moreover, these radios find application in various industries, such as transportation and military and defense. Thus, the robust growth of these sectors is positively impacting the growth of the market.

On the other hand, the limitation pertaining to the spectrum bandwidth of LMR is restricting the market from realizing its utmost potential. Moreover, the high capital required for developing LMR is inhibiting the growth of the market. The emergence of Internet of Things (IoT) coupled with the proliferation of IoT devices is emerging as a major challenge for players in the global land mobile radio market.

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Global Land Mobile Radio Market: Market Potentail

With the birthing of alternative communication systems, the much of the attention is on technological advancements for the global land mobile radio market to thrive. Market players are pouring funds into research and development activities to introduce products that are innovative and advanced and help them in sustaining. For instance, in June 2015, Icom America introduced a new transceiver, IC-F5122DD/IC-F6122DD, that oprates as a data modem and enables remote system management and field monitoring. The radio offers superior solutions to sectors such as transportation and utilities. It can be used for communication to one or multiple units with individual, groups, and all calls.

Global Land Mobile Radio Market: Geographical Segmentation

The regions studied in the research report are Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa. North America will account for a substantial share in the global market. The extensive research and development activities in the field of radio communication and the high demand for technologically advanced land mobile radios are bolstering the growth of the region. The presence of a large number of key players and research institutes in countries such as the U.S. and Canada is providing an edge to North America over other regions.

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Global Land Mobile Radio Market: Competitive Landscape

The majority of players in the global land mobile radio market are focusing towards technological advancements and product innovation to enhance their visibility in the market. Key players are looking upon mergers and partnerships as viable growth strategies to stay ahead in the market. Some of the prominent participants in the global LMR market are Motorola Solutions Inc., Harris Corporation, JVCKENWOOD Corporation, Raytheon Company, Thales SA, Hytera Communications Corporation Limited, RELM Wireless Corporation, and Sepura PLC..

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

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