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 grow at a 11.7% CAGR to 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. This segment currently accounts for a 48.3% share of the global Land Mobile Radio (LMR) Systems market.
The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 17.1% CAGR for the Period of 2020-2027
The Land Mobile Radio (LMR) Systems market in the U. S. is estimated at US$3.7 Billion in the year 2020. The country currently accounts for a 27% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$7 Billion in the year 2027 trailing a CAGR of 16.8% through 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 while Rest of European market (as defined in the study) will reach US$7 Billion by the year 2027.The publisher brings years of research experience to this 16th edition of our report. The 352-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- 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.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Ever-Present Need for Mission Critical Communications Preserves the Importance of LMR Systems
Recent Market Activity
Global Competitor Market Shares
Land Mobile Radio (LMR) Systems Competitor Market Share Scenario Worldwide (in %):2020 & 2029
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)
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)
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 Integrationof 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 Threato 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 Teamsto 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-LongTerm 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
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Land Mobile Radio (LMR) Systems Market Share (in %) by Company: 2020 & 2025
Market Facts & Figures
European Land Mobile Radio (LMR) Systems Market: Competitor Market ShareScenario (in %) for 2020 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 28