The global LMR market is currently valued at more than USD 10 billion and is expected to reach almost USD 16 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global land mobile radio (LMR) market, under its machine-to-machine (M2M) and connected devices portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Airbus Group, Harris, JVCKENWOOD, Motorola Solutions, Thales Group, and Sepura.
According to Abhishek Sharma, a lead analyst for machine-to-machine (M2M) and connected devices research at Technavio, “Organizations across the globe are increasingly shifting from analog LMR to digital LMR. The increasing preference for a digital ecosystem is spurred primarily by their ability to enhance responsiveness and productivity.”
Governments are mandating an analog to digital migration due to increased spectrum efficiency, interoperability across various user groups and agencies, and improved security and functionality. Furthermore, analog components are becoming obsolete and expensive to maintain. Digital LMR offers low total cost of ownership to users, rugged and robust products that can operate in the toughest conditions, and productivity tools that maximize ROI.
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Convergence of LTE networks with LMR technology
LTE, in terms of data application, allows access to critical information directly from the field. It acts as an advantage for commercial operators as they can transmit heavy data traffic from their voice-based 2G and 3G services easily. The convergence of LTE networks with LMR technology reduces the response time, enables real-time information sharing, and permission to transmit complex and video data.
Shifting preference towards clear packaging
The availability of LMRs and the prospect of using LTE technology in critical communication processes enables the industry to gain more traction from the rising demand for devices that support both LTE and LMR networks. These devices provide a competitive edge to the companies as they can easily switch between the two technologies based on their requirement.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global LMR Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Public Safety Long-Term Evolution Devices Market 2017-2021
- Global Microwave Radio Market 2016-2020
- Global Public Safety Long-Term Evolution Devices Market 2017-2021
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