%20Systems%20Market.jpg "Global Land Mobile Radio (LMR) Systems Market Size") |
| Global Land Mobile Radio (LMR) Systems Market Size |
The land mobile radio (LMR) systems market comprises radio communication technologies that are used for business-critical voice communication for sectors where failure is not an option. LMR systems provide reliable and secure group communications for emergency services, transportation, utilities, mining, construction, and other industries.
The global
Land Mobile Radio (LMR) Systems Market is estimated to be valued at US$ 23416.91 Mn in 2023 and is expected
to exhibit a CAGR of 16% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends:
Migration to Digital LMR Platforms
The key trend fueling the growth of the LMR systems market is the migration
from analog to digital LMR platforms. Digital LMR systems provide better audio
quality, offer a wider coverage area, enable seamless integration of data
services, and deliver higher bandwidth capabilities. The transition to digital
is allowing organizations to utilize their spectrum resources more efficiently
while gaining access to broadband applications. Many public safety agencies and
businesses are upgrading their aging analog systems to reap the benefits of
digital LMR technologies. This widespread replacement of legacy analog systems
with feature-rich digital solutions is propelling the demand for LMR systems.
Segment Analysis
The global land mobile radio (LMR) systems market is dominated by the project
25 (P25) segment. P25 is an open digital land mobile radio standard developed
by the Association of Public-Safety Communications Officials-International
(APCO). It is the most widely used digital mobile radio system in North America
for public safety networks. P25 provides network interoperability, higher
spectral efficiency, advanced features like integrated voice and data
capability, and better utilization of bandwidth over traditional analog
systems. Hence, it is widely adopted by governments and public safety agencies
across regions.
Key Takeaways
Global
Land Mobile Radio (LMR) Systems Market Size is expected to witness high
growth. The global Land Mobile Radio (LMR) Systems Market is estimated to be
valued at US$ 23416.91 Mn in 2023
and is expected to exhibit a CAGR of 16%
over the forecast period 2023 to 2030.
Regional analysis
North America currently dominates the global LMR systems market. Growing
modernization of aging radio communication networks for public safety and need
for interoperable communication systems is driving demand in the region. The
Asia Pacific region is expected to be the fastest growing market during the
forecast period. Increasing public investments in critical communication
infrastructures and adoption of advanced digital LMR technologies by
governments are factors propelling the APAC LMR systems market.
Key players
Key players operating in the land mobile radio (LMR) systems market are Bose
Corporation, Beats Electronics, 3M, Alclair Audio, Audio-Technica Ltd,
Panasonic Corporation, Apple Inc., Bowers & Wilkins Group Ltd., David Clark
Inc., GN Group, Harman International, Inc., Sony Corporation, Logitech
International S.A., Koninklijke Philips N.V., Pioneer Corporation, and
Sennheiser Electronic GmbH & Co. KG.
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