Global Land Mobile Radio global market 2024, Forecast To 2033
2 Feb, 2024
The land mobile radio market has witnessed rapid growth, increasing from $18.17 billion in 2023 to $21.01 billion in 2024, with a compound annual growth rate (CAGR) of 15.7%. The historic period growth is attributed to applications in public safety communications, military and defense, transportation and logistics, construction and infrastructure, and the oil and gas industry. The market is expected to continue its rapid growth, reaching $36.38 billion in 2028, with a CAGR of 14.7%. Contributing factors include applications in autonomous vehicles, mining and extraction, utilities and energy, healthcare integration, and space exploration. Key trends in the forecast period encompass 5G integration, the internet of things (IoT) and sensor networks, integration of artificial intelligence (AI) and machine learning, energy-efficient radios, and satellite communication integration.
Global Land Mobile Radio Market Key Driver
The land mobile radio market is expected to grow with the increased usage of land mobile radio (LMR) systems in military applications. The United States Department of Defense exercised a $29 million contract option to retain Motorola as the operator and maintainer of the US Navy's LMR system in January 2022. Military installations worldwide rely on LMR systems for essential radio communications, and the increased usage in military applications will drive the land mobile radio market, indicating growth by 2023, 2024, and 2028.
Get A Free Sample Of The Global Land Mobile Radio Market ReportGlobal Land Mobile Radio Market Segments
The global land mobile radio market covered in this report is segmented –
1) By Type: Hand Portable, In-Vehicle (Mobile)
2) By Technology: Analog, Digital
3) By Frequency: 25-174 (VHF), 200-512 (UHF), 700 MHZ And Above
4) By Application: Commercial, Public Safety, Mining, Oil and Gas, Energy, Defense, Transportation, Construction, Other Applications
By Geography: The regions covered in the Land Mobile Radio market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Land Mobile Radio Industry Players
Motorola Solutions Inc., Harris Corporation, Cartel Communication Systems Inc., BK Technologies Inc., TE Connectivity Ltd., Sepura Ltd., Simoco Telecommunications Ltd., JVC Kenwood Corporation, Nokia Networks B.V., Thales Group, TTG Global Ltd., Codan Communications, Midland Radio Corporation, EF Johnson Technologies Inc., Airbus DS Communications, L3Harris Technologies Inc., Tait Communications Ltd., Hytera Communications Corp Ltd., Icom Inc., Raytheon Company, Relm Wireless Corporation, Vertex Standard LMR Inc., Zetron Inc., Daniels Electronics Ltd., PowerTrunk Inc., Alinco Incorporated, Yaesu Musen Co. Ltd., Axell Wireless Ltd., DAMM Cellular Systems A/S, Datron World Communications Inc., Cassidian Communications Inc., E-TECH Global Services, Schnoor Industrieelektronik, Iconet Services, Anritsu Corp., Leonardo SpA
Get The Full Global Land Mobile Radio Market ReportLand Mobile Radio Market Overview
Land mobile radio (LMR) is a wireless communications technology that is primarily utilised for vital communications by public safety groups such as police, firefighters, and other emergency response organizations. LMR systems are widely used in the commercial world, including industrial, transportation, utilities, security, logistics, and even the military, in addition to the public safety sector. It enables push-to-talk two-way communication between radio transceivers.
Land Mobile Radio Global Market Report 2023 provides data on the global land mobile radio market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The land mobile radio market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.