Land Mobile Radio (LMR) Systems: Global Strategic Business Report

Global Land Mobile Radio (LMR) Systems Market to Reach $45.3 Billion by 2030

The global market for Land Mobile Radio (LMR) Systems estimated at US$17.8 Billion in the year 2022, is projected to reach a revised size of US$45.3 Billion by 2030, growing at a CAGR of 12.4% over the analysis period 2022-2030. Hand Portable, one of the segments analyzed in the report, is projected to record 13.3% CAGR and reach US$26.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the In-Vehicle (Mobile) segment is readjusted to a revised 11.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.9 Billion, While China is Forecast to Grow at 17% CAGR

The Land Mobile Radio (LMR) Systems market in the U.S. is estimated at US$4.9 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.5 Billion by the year 2030 trailing a CAGR of 17% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 10.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.8% 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.

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year