PMR: Key market research findings
- Evolution of digital PMR drives the market
- Increasing number of LTE-enabled devices
- Key vendors—Airbus, JVC Kenwood, Motorola, Thales, and Sepura
Technavio’s market research analysts estimate the global PMR market to grow at a CAGR of almost 11% between 2016 and 2020. The market is driven primarily by the transformation of analog professional mobile radios (PMR) to digital PMRs. PMR systems have evolved from conventional analog systems that offer a basic platform for reliable two-way radio communications, such as push-to-talk, to a one-to-many communications. Digital PMRs are becoming increasingly popular and widely accepted owing to its various advantages over analog PMRs. In 2015, Europe dominated the global PMR market by accounting for around 40% of the overall market share. The market is thriving in this region due to the increased adoption of PMRs in high-security requirements and ambulances and paramedics, especially in countries such as England, Wales, and Scotland.
The new market research report from Technavio presents a breakdown and analysis of the PMR segments by usage.
“The latest trend in the market is the increase in the number of devices that support long-term evolution (LTE) and PMR networks. The use of LTE for public safety is growing rapidly in the commercial space. As a result, commercial networks are being deployed across the world, and there is a substantial increase in the number of people buying LTE-enabled devices. For example, LTE is used to maintain the safety and security of crew members of on-shore as well as off-shore oil exploration in the US,” says Rakesh Panda, Lead Analyst, ICT, Technavio Research.
In 2015, the public safety segment accounted for around 65% of the total market share to dominate the global PMR market in terms of usage. The increased threat of cyber attacks and advances in communication infrastructure to enhance real-time decision-making abilities on the field are some of the factors responsible for the growth of this segment. The public safety segment of the global PMR market is expected to witness growth at a CAGR of around 12% by 2020.
The key vendors in the global PMR market include Airbus, JVC Kenwood, Motorola, Thales, and Sepura. The market is competitive with a large number of vendors entering the market. To distinguish their product and service offerings, several vendors are introducing new technologies. Moreover, the inception of LTE has intensified the competition in the market, propelling several vendors to integrate the technology into their products. The key vendors are forming alliances and entering into strategic partnerships to increase their dominance in the market.
A more detailed analysis is available in the Technavio report, Global PMR Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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