Technavio Says the Emergence of LTE Technology in Public Safety Domain Will Aid the Public Safety LTE Market in the US to Post a 19% CAGR Through 2020

LONDON--()--According to the latest market study released by Technavio, the public safety LTE market in the US is expected to grow at a CAGR exceeding 19% during the forecast period.

This research report titled ‘Public Safety LTE Market in the US 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

The public safety LTE market in the US will gain traction during the forecast period due to the emergence of LTE technology in the public safety domain. The increase in the number of users and the need for high-speed data applications will boost the demand for LTE technology. The deployment of LTE networks has also increased at a rapid rate. By August 2014, 341 LTE networks were deployed in 111 countries worldwide. Heightened adoption of LTE technology for pre-emptive communication has made it a mainstream technology among mobile broadband service providers.

Abhishek Sharma, a lead M2M and connected devices research analyst, says, “Governments worldwide are increasing its spending on LTE technology to facilitate sharing of complex real-time data. Also, the growing awareness of efficient mission-critical processes will increase the demand for dedicated, efficient, and reliable LTE networks during the forecast period.”

Request a sample report: http://www.technavio.com/request-a-sample?report=52736

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Based on devices, the report categorizes the public safety LTE market in the US into the following segments:

  • eNB
  • Smartphones and handheld devices
  • Router and modules

Public safety LTE market in the US by eNB devices

The eNB device segment will grow steadily during the forecast period. eNB is a key component in LTE networks and has been successful in data-intensive markets worldwide. Samsung offers network operators with a compact and high-capacity solution that is easily deployed across existing networks to offer 4G mobile services. “The unrivaled performance of this technology creates an enhanced end-user experience. This technology is the next logical step to enable operators to improve outdoor and indoor LTE coverage efficiently and economically,” adds Abhishek.

General Dynamics Mission Systems has a 4G LTE technology that offers instant access to video, voice, data, and text to first responders with exclusive eNB products and open-source platforms. The benefits of 4G LTE public safety network include ease of deployment, interoperability between agencies, and the ability to offer HD full-motion video on demand. In February 2016, Parallel Wireless (a provider of heterogeneous networks) and its partners installed an LTE network for public safety to be used during the Super Bowl.

Technavio expect the global spending on LTE infrastructure, including eNB, mobile core, and backhaul, to reach USD 2 billion annually by the end of 2020. The installed base of private and public safety LTE eNBs will reach nearly 155,000 globally, and will serve around 4 million public safety LTE subscribers worldwide.

Public safety LTE market in the US by smartphone and handheld devices

The handheld devices segment is envisaged to grow during 2015-2017 and then decline post 2017 because of high demand for value-added services such as LBS, navigation, and digital mapping. The growth is attributable to several factors such as increased availability of internet connectivity, demand for handheld devices, and rise in popularity of location-based applications in public safety.

The adoption of handheld devices is driven by the decline in prices of these devices. The market is also driven by improvements in navigation technology. A large number of satellites are being launched, which helps improve the accuracy and reliability of LBS as they work on real-time data. However, the situation is likely to change in the near future as a large number of telecom operators are deploying LTE networks in the region.

Public safety LTE market in the US by routers and modules

The public safety LTE market in the US by routers and modules was valued at USD 13.17 million in 2015 and will reach USD 40.52 million by 2020, growing at a CAGR of over 25%.

The segment will grow steadily during the forecast period because of an increased demand for value-added services such as location-based services, navigation, and digital mapping. The growth rate is likely to be stable until 2019 and decline thereafter. Public safety routers support both IPv4 and IPv6 protocols such as IP, RIP, BGP4+, MPLS, multicast, and others. They comply with IEEE 1613 and IEC61850-3 for rugged applications.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • General Dynamics Mission Systems
  • Harris
  • Motorola Solutions
  • Raytheon

Browse Related Reports:

Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact enquiry@technavio.com with your requirements and our analysts will be happy to create a customized report just for you.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the public safety LTE market in the US is expected to grow at a CAGR exceeding 19% during the forecast period.

$Cashtags

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com