Public safety LTE devices: Key market research findings
- North America dominates the market geographically
- eNB segment accounts for a majority of the market’s revenue
- Key vendors – Alcatel-Lucent, General Dynamics Mission Systems, Harris, Motorola Solutions, and Raytheon
Technavio’s market research analysts predict the global public safety LTE devices market to grow at a CAGR of around 19% between 2016 and 2020. The growth of this market can be accredited to the increased need for emergency communication systems. Long-term evolution (LTE) devices enable fire personnel to access real-time information about the environment they are securing. In addition, police officers responding to an incident can access data and prepare themselves according to the situation. During 2015, North America dominated the global public safety LTE devices market by accounting for around 49% of the overall market share. The market’s growth is this region is driven by the awareness and presence of public safety technologies in the region.
The new market research report from Technavio presents a breakdown and analysis of the public safety LTE devices segments based on the revenue.
“The integration of public and private LTE networks with land mobile radio (LMR) technology is revolutionizing the market currently. The integration of LTE with LMR system capabilities is expected to benefit public safety LTE users by reducing response time, delivering real-time information sharing, and permitting the transmission of complex voice and video data. However, building a public safety LTE network is a complex and time-consuming process,” says Rakesh Panda, Lead Analyst, ICT, Technavio Research.
By 2020, the eNB segment will account for a market revenue of around $1,660 million to continue its dominance over the global public safety LTE market. eNB is a key component of LTE networks and has been successful in data-intensive markets worldwide. Samsung offers network operators with a compact and high-capacity solution that is easily deployed across existing networks to offer 4G mobile services.
The key vendors in the global public safety LTE device market include Alcatel-Lucent, General Dynamics Mission Systems, Harris, Motorola Solutions, and Raytheon. The global public safety LTE devices market is fragmented due to the presence of several vendors. As the market is still evolving and has a lot of growth prospects, vendors are investing heavily in R&D to develop products that would meet the rising consumer demands. The vendor competition is expected to increase considerably over the forecast period with vendors actively working on deploying advanced LTE devices independently or with the help of channel partners to consolidate their market position.
A more detailed analysis is available in the Technavio report, Global Public Safety LTE Devices Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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