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Land Mobile Radio Market Worth 15.65 Billion USD by 2020


News provided by

MarketsandMarkets

19 Jan, 2016, 16:00 GMT

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PUNE, India, January 19, 2016 /PRNewswire/ --

The report "Land Mobile Radio Market by Type (Portable, Mobile), Technology (Analog, Digital), Industry (Public Safety, Commercial), Standard (P25, Digital Mobile Radio, Terrestrial Trunked Radio, Others) & Geography - Global Trend & Forecast to 2020", published by MarketsandMarkets, the land mobile radio market is estimated to grow from USD 7.52 Billion in 2014 to USD 15.65 Billion by 2020, at a CAGR of 13.09% during the forecast period.

Browse 79 market Tables and 76 Figures spread through 149 Pages and in-depth TOC on "Land Mobile Radio Market". 

http://www.marketsandmarkets.com/Market-Reports/land-professional-mobile-radio-market-27811764.html

Early buyers will receive 10% customization on this report. 

Land mobile radios are used in the areas of public safety and commercial applications as per their business requirements. The growing market for these radio products is expected to present several opportunities for stakeholders over the upcoming years.

Transition from analog to digital LMR products will drive the market for land mobile radio 

One of the drivers for the growth of the market is the technological developments took place during the evolution phase of land mobile radios. Communication through digital radios was invented during the 1990s by a private consulting firm appointed by the U.S. government. Due to the additional features such as log display, less power consumption, and high standards, the digital LMRs offer robust communication experience and high spectrum efficiency, which can't be offered by an analog land mobile radio. Another advantage of digital LMRs is the voice processing technology using digital signal processing (DSP) chips. The growing importance of digital LMRs and their advantages are considered to be major factors for the growth of the global LMR market.

Portable land mobile radios play a key role in the land mobile radios market 

Portable LMRs are expected to hold the largest market share and dominate the land mobile radios market during the forecast period because these devices are inexpensive and consume less power. Portable LMRs play a key role in changing the land mobile radio landscape and the market for the same is likely to grow at the highest rate during the forecast period.

The public safety industry contributes the largest market share 

The public safety industry is expected to contribute the largest market share in land mobile radios market. The increase in the protection against cyber threats and improvements in communication infrastructure to improve real-time decision making capabilities on the field propel the growth of the law enforcement industry in the public safety market. The law enforcement industry is expected to grow at the highest CAGR from 2015 to 2020.

North America expected to contribute the largest market share; the market in APAC likely to grow at the highest rate 

North America is expected to account for the largest market share and dominate the land mobile radio market from 2015 to 2020 due to the presence of a large number of LMR product providers. APAC offers potential growth opportunities due to the liberalization in the telecommunication sector in APAC.

Ask PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=27811764

The major vendors in the land mobile radio market include Sepura PLC, Hytera, RELM Wireless, Motorola Solutions, and others.

The scope of the report covers detailed information regarding the major factors influencing the growth of the land mobile radios market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments related to the market.

Browse Related Reports 

Software Defined Radio (SDR) Market for Communication by Component (FPGA, DSP, GPP, PSOC, Amplifier, and Software), Application (Military, Telecommunication, Short Range, Positioning, Transportation, and Public Safety), & Geography - Analysis & Forecast to 2014 - 2020

http://www.marketsandmarkets.com/Market-Reports/software-defined-radio-communication-market-11265833.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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