U.S (New York) – New research study titled “Land Mobile Radio System Market” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.
Land mobile radio (LMR), or private land mobile radio, or public land mobile radio system offers seamless and mission critical voice communication and data services. A LMR system comprises of a radio base, mobile, and associated control and fixed relay stations intended to provide LMR communication service over an area of operation. LMR systems are majorly used by emergency responders, military organizations, public safety agencies, and law enforcers to support effective communication through voice and data services.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Public safety personnel use LMR systems for ensuring public safety, and delivering secure and mission-critical voice communications during emergency situations. The use of LMR systems has increased tremendously in the commercial sector due to increasing adoption by small and medium enterprises in manufacturing and retail sectors. The global land mobile radio system market has witnessed significant growth in the recent years, due to the increasing significance of efficient mission-critical communication operations in the defense and public safety sector.
The availability of affordable and highly efficient LMR systems has increased the acceptance of effective communication technologies among small and medium-sized enterprises. Increase in occurrence of natural disasters and terrorist activities has further supplemented the adoption of LMR systems by emergency responders. There has been a transition from conventional analog LMR systems to complex digital LMR systems incorporating trunking features. These advanced digital LMR systems offer rapid voice call-setup, high-quality audio, group calling capabilities, and priority access to consumers.
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These features improve reliability, security, interoperability, and spectral efficiency. Users are increasingly switching towards digital technologies due to high quality coverage, low power consumption, log display, integration of customized software applications, and availability of data services. The growing requirement to share voice, video, or location-based data during natural disasters or other emergency situations further supplements the growth of the land mobile radio system market. Increasing demand from commercial industries such as manufacturing, transportation, construction, healthcare, hospitality, and others in the emerging economies of Asia-Pacific and LAMEA are anticipated to provide numerous growth opportunities for the land mobile radio system market. Increasing investments by governments across the world for improvement of telecommunication infrastructure and the increasing need to deliver high quality telecommunication services to consumers provides growth opportunities for this market.
The global land mobile radio system market is segmented into type, technology, end user, and region. Based on type, the land mobile radio system industry is divided into mobile, and portable. Based on technology, the market is divided into analog, and digital. On the basis of end user, the market is segmented into defense and public safety, commercial, transportation, construction, and others. The market is segmented based on region into North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS
This report provides an in-depth analysis of the global land mobile radio system market to identify the potential investment pockets.
It outlines the current trends and future scenario of the global land mobile radio system market from 2016 to 2022 to understand the prevailing opportunities and investment pockets.
The key drivers, restraints, and opportunities along with their detailed impact analyses have been elucidated.
Porter’s Five Forces model analysis illustrates the impact of factors such as threat of new entrants, threat of substitutes, strength of the buyers, and strength of suppliers on the land mobile radio system industry growth.
The quantitative analysis of the global land mobile radio system market size from 2014 to 2022 is provided in the report to elaborate the market potential.
KEY MARKET PLAYERS
Airbus DS Communications
Motorola Solutions Inc.
Harris Corporation
Thales Group S.A.,
JVC Kenwood Corporation
Raytheon Company
Cassadian Communications, Inc.
Cartel Communication Systems
TE Connectivity Ltd
RELM Wireless Corporation
OTHER COMPANIES MENTIONED IN THE REPORT:
KT Telecom, SK Telecom, Samsung Group, Nokia Corporation, Telstra Corporation Limited, Telefonaktiebolaget L. M. Ericsson, Agilent Technologies.
Land Mobile Radio System Market Key Segments:
The land mobile radio system market is segmented on the basis of type, technology, end user, and geography.
BY TYPE
Mobile LMR System
Portable LMR System
BY TECHNOLOGY
Analog LMR System
Digital LMR System
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BY END USER
Defense and Public Safety
Commercial
Transportation
Construction
Others
BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Market Dynamics:
Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization: The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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