DUBLIN--(BUSINESS WIRE)--The "Land Mobile Radio Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Land mobile radio market is projected to witness a compound annual growth rate of 12.64% during the forecast period, reaching a total market size of US$21.274 billion in 2023 from US$10.419 billion in 2017.
Land mobile radios are used for public safety and commercial applications according to their needs. The continuous advancement in wireless technology is the key driver of the global land mobile radio market. There is a transition from analog to digital mobile radio system as the latter consumes less power, provides higher quality coverage and log display, and customized software applications. Growing demand for seamlessly interoperable communication in the military as well as commercial applications is further fuelling the demand for land mobile radios across the globe.
Growing military and defence sector in various regions across the globe is significantly augmenting the demand for digital land mobile radio systems to ensure strong communication and band high efficiency. High investment in public safety and increase in the protection against cyber threats will propel the growth of global land mobile radio market during the forecast period.
North America accounts for the largest market share due to the presence of a large number of key players in the region. APAC region is anticipated to witness the fastest regional market growth owing to growing telecommunication industry and increasing demand for public safety. However, the market growth is being restrained by factors such as limited channel capacity, complex deployment, and frequency spectrum shortage.
Land Mobile Radio Market has been segmented on the basis of type, industry and geography as follows:
- By Industry
- Military and Defense
Key industry players profiled as part of this section are Harris Corporation, Sepura, Thales, BK Technologies, and Tait Radio Communications among others.
For more information about this report visit https://www.researchandmarkets.com/research/p278h9/land_mobile_radio?w=4