Land mobile radio is a wireless communication system developed for terrestrial users for the purpose of emergencies and instant communications in fields such as public safety sector, home security, medical emergency, industries, mining, police, firefighters, and transportation.
Market Analysis and Insights: Global Land Mobile Radio Equipment Market
Due to the COVID-19 pandemic, the global Land Mobile Radio Equipment market size is estimated to be worth US$ 20880 million in 2022 and is forecast to a readjusted size of US$ 29750 million by 2028 with a CAGR of 6.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Analog accounting for % of the Land Mobile Radio Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Transportation segment is altered to an % CAGR throughout this forecast period.
North America is expected to lead the overall land mobile radio market between 2018 and 2025. The high adoption of technologically advanced land mobile radios, and extensive research and development activities in the region are propelling the growth of the market in this region. The presence of major regulatory bodies, research institutes, and companies in this region are some the other factors driving market in this region. The market in APAC is expected to witness the highest growth rate during the forecast period. The use of land mobile radios in the commercial sector, mainly in transportation and utility applications, is the major factor driving the growth of the market in the APAC region.
Global Land Mobile Radio Equipment Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Land Mobile Radio Equipment Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Analog
Digital
Segment by Application
Transportation
Utility
Mining
Military and Defense
Others
By Company
Sepura
Motorola
Harris
Jvckenwood
Thales
Raytheon
RELM Wireless
Hytera Communications
Tait Radio Communications
Simoco
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina