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Land Mobile Radio (LMR) Systems - Global Market Trajectory & Analytics

  • ID: 1824148
  • Report
  • April 2021
  • Region: Global
  • 352 Pages
  • Global Industry Analysts, Inc
Global Land Mobile Radio (LMR) Systems Market to Reach $32.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Land Mobile Radio (LMR) Systems estimated at US$13.7 Billion in the year 2020, is projected to reach a revised size of US$32.2 Billion by 2027, growing at a CAGR of 13% over the period 2020-2027. In-Vehicle (Mobile), one of the segments analyzed in the report, is projected to record 11.7% CAGR and reach US$15.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hand Portable segment is readjusted to a revised 14.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 17.1% CAGR

The Land Mobile Radio (LMR) Systems market in the U.S. is estimated at US$3.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2027 trailing a CAGR of 16.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 11.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.

Select Competitors (Total 28 Featured):
  • Airbus DS Communications
  • Cobham AvComm
  • DAMM Cellular Systems A/S
  • EF Johnson Technologies, Inc.
  • Harris Corporation
  • Hytera Communications Corporation Ltd.
  • ICOM America Inc.
  • JVCKENWOOD USA Corporation
  • Midland Radio Corporation
  • Motorola Solutions, Inc.
  • Nokia Networks
  • PowerTrunk Inc.
  • Raytheon Company
  • RELM Wireless Corporation
  • Sepura Plc
  • Tait Ltd.
  • Thales Defense & Security, Inc.
  • Vertex Standard LMR, Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Ever-Present Need for Mission Critical Communications Preserves the Importance of LMR Systems
  • Recent Market Activity
  • Increasing Awareness Encourages Adoption Among Commercial Businesses
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Airbus DS Communications (USA)
  • Cobham AvComm (UK)
  • DAMM Cellular Systems A/S (Denmark)
  • EF Johnson Technologies, Inc. (USA)
  • ETELM (France)
  • Harris Corporation (USA)
  • Hytera Communications Corporation Ltd. (China)
  • ICOM America Inc. (USA)
  • JVCKENWOOD USA Corporation (USA)
  • Midland Radio Corporation (USA)
  • Motorola Solutions, Inc. (USA)
  • Nokia Networks (Finland)
  • Raytheon Company (USA)
  • RELM Wireless Corporation (USA)
  • Sepura Plc (UK)
  • PowerTrunk Inc. (USA)
  • Simoco (UK)
  • Tait Ltd. (New Zealand)
  • Thales Defense & Security, Inc. (USA)
  • Vertex Standard LMR, Inc. (Japan)
3. MARKET TRENDS & DRIVERS
  • Technological Adaptation to Changing Times & End-User Requirements Drive Integration of LMR with LTE
  • LMR & LTE to Converge and Co-Exist in the Coming Decade
  • Migration towards Public-Safety LTE Radio Access Network: Not an Immediate Threat to LMR Networks
  • Growing Focus on Workplace Safety Spurs Investments in Commercial LMR Radios
  • Need for Infrastructure Development & the Ensuing Rise in Spending to Benefit Demand for Commercial/Industrial LMR Systems
  • Focus on Disaster and Emergency Preparedness & Establishment of Emergency Response Teams to Drive Market Gains
  • Growing Defense Budgets in Developing Countries Spur Demand for Military LMR
  • TETRA: The Established "De Facto" LMR Technology Standard
  • Evolution of TETRA Standards from TETRA 1 to TEDS, and to TETRA 3 Bodes Well for Market Growth
  • TETRA Battles for Space among Myriad Critical Communication Technologies
  • Broadband PTT and LMR Interoperability Grow in Popularity
  • Software Defined Radios: A Huge Step Forward in Enabling Interoperability
  • Transition from Analog to Digital Radio Reaches Maturity & Near Completion in Most Geographic Markets
  • Rapid Analog-to-Digital Migration & Rising Co-Existence Between LMR & LTE Highlight Critical interference Issues
  • The Growing Trend of Leveraging Digital LMR for M2M Communication to Boost Medium-to-Long Term Revenue Potential
  • LMR Plus IoT & M2M: The Bold New Future
  • Growing Preference for Push-To-Talk Over Cellular (PoC) Threaten Investments in Traditional LMR
  • Importance of Mission Critical Oilfield Communications Drives Adoption in the Oil & Gas Sector
  • Technological Advancements Push the Boundaries of LMR Services
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 28
Note: Product cover images may vary from those shown
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