The global demand for Land Mobile Radio Systems Market is presumed to reach the market size of nearly USD 375.01 MN by 2028 from USD 128.76 MN in 2021 with a CAGR of 16.5% under the study period 2022 - 2028.
Land mobile radio systems is a communication system that uses radio waves as a medium to conduct communications. Land mobile radio systems comprise mobile radios, handheld portable radios, a network, repeaters and base stations. Land mobile radio systems are widely used for seamless communications and for sharing important information and real-time data transmission by public safety organizations such as police, firefighters, and other emergency response organizations for enhanced safety and productivity.
Market Dynamics
The rise in the demand for reliable and cost-effective land mobile radio systems is a crucial factor accelerating the market growth. Also, the increase in the applications in the major industries such as transportation, military & defence influences market growth. Moreover, the increase in technological advancements and modernization in production techniques will create new opportunities for the market during the forecast period. Along with this, the growing demand for reliable and cost-effective LMRs among the masses contributes to the market's growth. Furthermore, the rise in the research and development activities in the market acts as the major factor, among others boosting the land mobile radio market. However, high manufacturing and setup costs may hamper the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of land mobile radio systems. The growth and trends of land mobile radio systems industry provide a holistic approach to this study.
Market Segmentation
This section of the land mobile radio systems market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Hand Portable
- In-Vehicle (Mobile)
By Technology
By Frequency
- 25-174 (VHF)
- 200-512 (UHF)
- 700 MHZ & Above
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Land Mobile Radio Systems market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Land Mobile Radio Systems Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the land mobile radio systems market include Harris Corporation, Motorola Solutions, Inc., Simoco, Raytheon Company, and JVCKENWOOD Corporation, Thales SA, Raytheon Company, RELM Wireless Corporation, Hytera Communications Corporation Limited, Tait Radio Communications Limited, and Sepura PLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
