PUBLISHER: Lucintel | PRODUCT CODE: 1387472
PUBLISHER: Lucintel | PRODUCT CODE: 1387472
Land Mobile Radio Trends and Forecast
The future of the global land mobile radio market looks promising with opportunities in the commercial and public safety markets. The global land mobile radio market is expected to reach an estimated $34.4 billion by 2030 with a CAGR of 13.8% from 2024 to 2030. The major drivers for this market are increasing demand for reliable and secure communication, growing adoption of digital LMR systems, and expansion of the global aviation and defense sectors.
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Land Mobile Radio by Segment
The study includes a forecast for the global land mobile radio by technology, type, end use, and region.
Land Mobile Radio Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
Land Mobile Radio Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Land Mobile Radio Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
Land Mobile Radio Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Land Mobile Radio Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies land mobile radio companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the land mobile radio companies profiled in this report include-
Land Mobile Radio Market Insights
Lucintel forecasts that hand portable will remain the larger segment over the forecast period because they are small and lightweight, making them easy to carry and use, as well as, it is used for group call communications.
North America will remain the largest region over the forecast period because of an increase in the region's R&D efforts, rise in the use of land mobile radios switching from analog to digital, and an increase in applications in key areas including transportation and military & defense.
Features of the Global Land Mobile Radio Market
Market Size Estimates: Land mobile radio market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Land mobile radio market size by technology, type, end use, and region in terms of value ($B).
Regional Analysis: Land mobile radio market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technology, type, end use, and regions for the land mobile radio market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the land mobile radio market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the land mobile radio market size?
Answer: The global land mobile radio market is expected to reach an estimated $34.4 billion by 2030.
Q2. What is the growth forecast for land mobile radio market?
Answer: The global land mobile radio market is expected to grow with a CAGR of 13.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the land mobile radio market?
Answer: The major drivers for this market are increasing demand for reliable and secure communication, growing adoption of digital LMR systems, and expansion of the global aviation and defense sectors.
Q4. What are the major segments for land mobile radio market?
Answer: The future of the global land mobile radio market looks promising with opportunities in the commercial and public safety markets.
Q5. Who are the key land mobile radio market companies?
Answer: Some of the key land mobile radio companies are as follows:
Q6. Which land mobile radio market segment will be the largest in future?
Answer: Lucintel forecasts that hand portable will remain the larger segment over the forecast period because they are small and lightweight, making them easy to carry and use, as well as, it is used for group call communications.
Q7. In land mobile radio market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because of an increase in the region's R&D efforts, rise in the use of land mobile radios switching from analog to digital, and an increase in applications in key areas including transportation and military & defense.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.