The global land mobile radio market was valued at US$ 15.5 Bn in 2018 and is expected to reach US$ 29.9 Bn in 2026, growing at a CAGR of 8.75% during the forecast period. Increase in need for advanced communication devices, increase in demand for efficient critical communication operations, growing demand for communication devices in military & defense, and transportation and defence budget expenditure in various developing countries is expected to drive the growth of the land mobile radio market.
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Land mobile radio is a mobile communication device that is primarily used for critical communications by public safety organizations such as police, fire-fighters, and other emergency response organizations. There are two types of land mobile radio which include hand portable and in-vehicle.
Land mobile radio has a huge application in the public safety and commercial sectors. It is used by various end-users such as military and defense, home security, emergency and medical services (ems), and fire department. The public safety sector requires interoperable, dependable, pervasive radio communications. Also, it is widely used in public safety due to updated range accessibility, government-managed rebranding/narrow-banding, and Up-to-date advancements.
Rising demand for land mobile radio in end-use industries like military and defense, emergency and medical services, and transportation sectors in emerging countries is the key factors attributed to the market growth. Furthermore, the increasing awareness towards improving communication technologies in public safety applications also expected to fuel the market growth during the forecast period. On the other hand, high costs of development, bandwidth limitation of land mobile radio, and automated security systems is restraining the overall market demand. However, continuous development in digital land mobile radio systems and voice encryption for secure communication is expected to create further accelerate the maket demand for land mobile radio during the forecast period.
Key Findings:
Based on the type, the hand portable segment is expected to grow at the highest CAGR of around 11.5% during the forecast period
Based on the technology, the digital segment is expected to hold the largest market share in the market during the forecast period
Based on the frequency, the 700 MHz and above segment accounted for the largest share in the market in 2018
Based on the application, the commercial segment accounted for the largest share in the market and held 62% of the total market share in 2018
North America accounted for 32% share of the global land mobile radio market in 2018
Recent News:
In March 2018, Motorola Solutions, Inc. developed 3 new solutions namely LEX L11 Mission-Critical LTE Device, APX 8500HP Mobile Radio and Capture Mobile Camera App. These solutions are developed for the enhancement of mission critical communications including an app for sharing the digital evidence. These solutions help in strengthening of LTE networks and communications for the first responders using land mobile radio.
In May 2017, Hytera Communications Corporation Limited acquired Sepura Group PLC. Sepura Group PLC provider of innovative professional mobile radio (PMR) communications solutions. The acquisition helps the Hytera Communications Corporation Limited for enhance its product portfolio and increase its customer base.
In December 2017, Harris Corporation signed partnership agreement with Florida Power & Light Company (FPL). The partnership focuses on digital communication solutions and provided significant growth opportunities in the R&D and innovation domain.
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