London, 17 November 2014 – According to a new report from research firm TechNavio, the Global Land Mobile Radio (LMR) Systems Market will grow at a modest pace, and post a CAGR of 9.42 percent from 2014-2018.
The demand for secure digital communications technology has increased manifold over the past decade because of an underlying need for better solutions in tactical communication and mission-critical operations.
About the Report
The latest report from TechNavio emphasizes the increasing number of devices supporting Long-term Evolution (LTE) and Land Mobile Radio (LMR) networks as a major trend set to impact the overall market through the forecast period.
LTE-enabled devices—which are already popular among consumers—have infiltrated the public safety sphere, as these networks are deployed worldwide. End-users are increasingly leveraging the advanced features being offered by these networks.
“The industry is expected to gain more traction in terms of demand for devices that support LTE and LMR networks. These types of devices will lend a competitive edge to organizations choosing to capitalize on them, as they can switch easily between both the technologies based on the requirement at hand,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increased Demand for Digital Technologies for Better Solutions
- For a full detailed list, view our report.
Market Challenges:
- Emergence of Data-efficient Technologies (LTE)
- For a full detailed list, view our report.
Market Trends:
- Increase in Number of Devices Supporting LTE and LMR Networks
- For a full detailed list, view our report.
Key Vendors:
- Airbus
- Harris Corp.
- Motorola Solutions Inc.
- Raytheon JPS Communications Inc.
Other Prominent Vendors:
- ARINC
- Cobham (formerly Axell Wireless)
- Damm Cellular Systems
- Datron World Communications
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
