What Is The Scope Of The Global Professional Mobile Radio (PMR) Market?
Professional mobile radio (PMR) refers to a type of wireless communication system that is utilized by businesses and organizations to provide reliable and safe voice and data communication over radio frequencies, typically using handheld or vehicle-mounted radios. PMR systems offer two-way communication, allowing users to send and receive messages, to facilitate efficient and effective communication among users in various professional settings.
Professional Mobile Radio (PMR) Global Market Report 2024 provides data on the global professional mobile radio (pmr) market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The professional mobile radio (pmr) market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Forecasted Market Size And Growth Rates For Global Professional Mobile Radio (PMR)?
The professional mobile radio (PMR) market has experienced substantial growth in recent years, increasing from $23.11 billion in 2023 to $26.26 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. This growth has been driven by factors such as globalization and interconnectivity, the rising adoption of remote work, increased demand for mobile communication, government regulations, and heightened public safety concerns. Looking ahead, the market is projected to grow to $44.41 billion by 2028 at a CAGR of 14.0%, spurred by the rising use of land mobile radios, the demand for interoperable communication, expanded broadband networks, concerns about cyberattacks, and a focus on environmental sustainability. Key trends include advancements in radio technology, integration with IoT and AI, mission-critical communication, LTE technology, and cloud-based solutions.
What Factors Are Driving Growth In The Professional Mobile Radio (PMR) Market?
The growing focus on public safety is expected to drive the expansion of the professional mobile radio (PMR) market. Public safety pertains to protecting the general public from harm and ensuring their well-being. Concerns related to public safety are rising due to various factors like global crises, social inequalities, environmental influences, and political dynamics. Professional mobile radio (PMR) is a critical communication tool designed for emergency responders, offering widespread coverage and specialized features to guarantee communication access during emergencies, independent of civilian networks. For example, in December 2023, the National Crime Records Bureau (NCRB) reported 4,45,256 cases of crimes against women in India in 2022, marking a 4% increase from 2021. Additionally, Statistics Canada reported 874 homicides in Canada in 2022, an increase of 78 from the previous year. As a result, the increasing emphasis on public safety is propelling the growth of the PMR market.
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What Are The Main Segments Of The Global Professional Mobile Radio (PMR) Market?
The professional mobile radio (PMR) market covered in this report is segmented –
1) By Frequency: 25 MHz–174 MHz (VHF), 450 MHz–512 MHz (UHF), 700 MHz And Above (SHF)
2) By Technology: Digital, Analog
3) By Application: Commercial, Public Safety
What Emerging Trends Are Influencing The Growth Of The Professional Mobile Radio (PMR) Market?
Leading companies in the professional mobile radio (PMR) market are focused on developing innovative solutions such as digital mobile radio (DMR) to strengthen their market position. DMR is a digital standard for professional radio systems used by various organizations, including businesses and governments, for voice and data transmission. In July 2022, Hytera Communications Corporation Limited, a China-based company, launched a new range of professional radios that combine 5G, DMR, and LTE technologies. These radios, which include the AP & BP Series business radios, H Series DMR radios, Push-to-Talk over Cellular (PoC) radios, and Body Worn Cameras, are designed to ensure smooth operations in diverse environments in Indonesia, providing clear, reliable voice communication with enhanced audio quality and noise reduction.
What Is The Largest Region In The Professional Mobile Radio (PMR) Market?
North America was the largest region in the professional mobile radio (PMR) market in 2023. The regions covered in the professional mobile radio (PMR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
