Land mobile radio: Key market research findings
- North America dominates the market geographically
- The LMR handhelds segment accounts for a majority of the market’s revenue
- Key vendors – Airbus, Harris, JVC Kenwood, Motorola, the Thales Group, and Sepura
Technavio’s market research analysts predict the global LMR market to grow at a CAGR of more than 10% between 2016 and 2020. The growth of the market is stimulated primarily by the shift from analog to digital land mobile radio (LMR). LMR systems have grown over time from traditional analog systems, which offer a basic platform for reliable two-way radio communications, such as PTT and one-to-many communications to digital systems. Due to additional features such as low power consumption, higher quality coverage, log display, availability of customized software applications, and high standards, digital LMR offers strong communication involvement and high-band efficiency. North America dominated the global LMR market in 2015 with a market share of around 38%. The high awareness and adoption of LMR technologies in the region are expected to further fuel growth in the LMR market in North America in the coming years.
The new market research report from Technavio presents a breakdown and analysis of the LMR segments based on the device type.
“The use of LTE for public safety, especially in the commercial space, is rapidly gaining momentum. Commercial networks are being deployed across the world and consumers are buying LTE-enabled devices. Besides, LTE is also influencing the public safety sphere as people are leveraging the advanced features offered by LTE networks. This rise in the number of devices that support supporting LTE and LMR networks is expected to contribute to the growth of the global market,” says Rakesh Panda, Lead Analyst, ICT, Technavio Research.
The LMR handhelds segment is expected to showcase the fastest growth and will post a CAGR of around 13% by 2020. The growth of this segment can be attributed to several factors such as the increased availability of internet connectivity, demand for handheld devices, and a rise in the popularity of location-based applications in public safety, oil, and gas, mining, industrial, and other sectors. The growing applications of LMR handhelds in the construction and mining sectors are also expected to reflect positively on the growth of the global LMR handhelds market during the estimated period.
The key vendors in the global LMR market include Airbus, Harris, JVC Kenwood, Motorola, the Thales Group, and Sepura. This market is highly competitive due to the entry of a large number of new vendors. To gain a competitive edge over their peers, the vendors are introducing new technologies and are coming up with novel products and service offerings after government agencies provided relaxation in the mandates and regulations for TETRA technology.
A more detailed analysis is available in the Technavio report, Global LMR Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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