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

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.