According to a new market report published by Credence Research, “Land Mobile Radio (LMR) Systems Market (Public Safety (Military & Defense, Law Enforcement, Fire Department, Emergency & Medical Services (EMS)), Transportation, Utilities, Oil and Gas, Mining, Construction and Other Verticals) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022” the land mobile radio systems market was valued at US$ 10.8 Bn in 2014 and is expected to reach US$ 25.74 Bn, expanding at a CAGR of 11.8% during the forecast 2015 to 2022.
Browse the full Land Mobile Radio (LMR) Systems (Public Safety (Military & Defense, Law Enforcement, Fire Department, Emergency & Medical Services (EMS)), Transportation, Utilities, Oil and Gas, Mining, Construction and Other Verticals) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/land-mobile-radio-systems-lmr-market
Market Insights
Land mobile radio systems, sometimes referred as private land mobile radios or public land mobile radios are communications system used by terrestrial users while on foot (portable land mobile radio) or in vehicles (mobile land mobile radio). Examples include tow-way radios and walkie talkies. Generally, these systems are deployed independently, but can also be connected to other stationary systems such as cellular networks or public switched telephone network (PSTN). Land mobile radios increasingly find applications in military and first responder agencies including police department, fire rescue department, emergency and medical service providers, disaster preparedness organizations, and other home security organizations. The advancements in technology, resulting in a gradual shift from analog to digital communication has expanded application base of land mobile radio systems beyond military and public safety agencies into corporate and enterprise users.
Competitive Insights
The global land mobile radio systems market is highly consolidated and concentrated across different vertical markets, especially public safety and military. The top four manufacturers accounted for over 60 percent of the global market revenue share in 2014. Motorola Solutions Inc., Harris Corporation, Raytheon Company, Thales Group S.A., and JVC Kenwood Corporation are identified as the leading land mobile radio system manufacturers while other players including Cassadian Communications, Inc. (Airbus DS Communications, Inc.), Relm Wireless Corporation, Hytera Communications, Nokia Networks B.V., TE Connectivity Ltd., and Tait Radio Communications have been marked as promising and emerging players in the land mobile radio industry. Developing LTE-integrated land mobile radio systems/units is expected to be the future market strategy for the players in the market
Key Trends
- Shift from Analog Land Mobile Radio Systems to Digital Land Mobile Radio Systems
- Escalating Demand for Portable Land Mobile Radio Units
- Compliance with Terrestrial Trunked Radio (TETRA) and Project25 Standard
Request free sample – http://www.credenceresearch.com/sample-request/57713
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Our Blog – https://brendamorle.blogspot.in/2017/08/land-mobile-radio-systems-market.html
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: +1-800-361-8290