Land Mobile Radio (LMR) System Market to Record an Impressive Growth $ 36.87 bn by 2021

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Land Mobile Radio (LMR) System Market to Record an Impressive Growth $ 36.87 bn by 2021

According to the report, global Land Mobile Radio (LMR) system market was valued at USD 14.37 billion in 2015 and is expected to generate revenue of USD 36.87 billion by end of 2021, growing at a CAGR of slightly above 17.0% between 2016 and 2021.

Land Mobile Radio (LMR) system is also called as private or public land mobile radio. It is a wireless communications system divided into two types such as in vehicles (mobiles) and hand portables or on foot (portables). LMR systems are generally used by tribal, and territorial emergency responders, public works companies, federal, state, local, and even the military to support voice/low-speed data communications. LMR system is used by public works organizations, dispatched services, taxis, emergency services, fire & police departments, and companies with large vehicle fleets and an expansive network of on-field staff.

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Increasing need for seamless interoperable communication in commercial applications is the major driving factor for land mobile radio systems market. Continuous technological development and high demand of internet services is expected to propel market growth over the forecast period. The global LMR system market is expected to witness moderate growth over the forecast period due to increasing number of adoption from the government and defense sector to allow communication in harsh situation. Additionally, the expansion of LTE networks has driven the demand for LTE-integrated LMR system is propelling the growth of this market. However, high cost for construction or building Land mobile radio (LMR) system is major challenge for the growth of the market.

Some of the key applications of the Land mobile radio system include military, commercial, construction, transportation, and others. Military application segment held the largest market share for the LMR system in 2015, which accounted for 36% market share of total market. It is followed by commercial, construction and transportation segments.

Based on technology, the land mobile radio systems market is segmented as analog and digital. Analog segment is one of the leading segments of land mobile radio system market. Digital segment is another key outlet of the market and expected to exhibit significant growth within the forecast period. Different standards involved in the land mobile radio are P25, terrestrial trunked radio, digital mobile radio, and others.

North America emerged as one of the largest markets for land mobile radio systems in 2015. Europe is expected to grow at a significant rate due to the surging demand for LMR systems from the construction and government sectors. Asia Pacific is expected to emerge as fastest growing region in the forecast period due to the rapid growth of the automotive industry in India and China.

Some of the key players for global LMR system include RELM Wireless Corporation, Harris Corporation, Thales Group S.A., Motorola Solutions, Inc., Cassadian Communications Incorporation, Airbus DS Communications, TE Connectivity Ltd., Honeywell International, Inc., Raytheon Company, Nokia Solutions and Networks, and JVC KENWOOD Corporation.

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