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Land Mobile Radio (LMR) Systems - Market Analysis, Trends, and Forecasts

  • ID: 1824148
  • Report
  • February 2020
  • Region: Global
  • 344 Pages
  • Global Industry Analysts, Inc
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Land Mobile Radio (LMR) Systems market worldwide is projected to grow by US$18.2 Billion, driven by a compounded growth of 14.1%. In-Vehicle (Mobile), one of the segments analyzed and sized in this study, displays the potential to grow at over 12.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$14.5 Billion by the year 2025, In-Vehicle (Mobile) will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 12.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$708 Million to the region's size and clout in the next 5 to 6 years. Over US$599.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, In-Vehicle (Mobile) will reach a market size of US$711.5 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 17.9% over the next couple of years and add approximately US$4.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • Cobham AvComm
  • Airbus DS Communications
  • 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
  • Raytheon Company
  • RELM Wireless Corporation
  • Sepura Plc
  • PowerTrunk Inc.
  • Simoco
  • Tait Ltd.
  • Thales Defense & Security, Inc.
  • Vertex Standard LMR, Inc.
Note: Product cover images may vary from those shown
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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

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

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Land Mobile Radio (LMR) Systems Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Land Mobile Radio (LMR) Systems Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

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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