DELRAY BEACH, Fla., Sept. 10, 2024 /PRNewswire/ -- The land mobile radio market is projected to grow from USD 17.60 billion in 2024 and is expected to reach USD 28.50 billion by 2029, growing at a CAGR of 10.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. Land mobile radio systems are terrestrial voice communication networks, including portable radios, fixed base stations, repeaters, vehicle-mounted mobile radios. These systems are commonly used by security forces like police, fire-brigade, or emergency services for reliable communication among one another. However these systems have found many applications in the business world in sectors such as transportation, utility, and military & defense. A large number of users is one of the factors contributing to growth of land mobile radio system market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27811764

Browse in-depth TOC on "Land Mobile Radio Market" 
195 – Tables
66 – Figures
228 – Pages

Land Mobile Radio Market Report Scope:

 

Hand portable radio market is expected to witness higher CAGR during the forecast period.

Hand portable radio segment is expected to witness a higher CAGR during the forecast period in the land mobile radio market. An increase in the need for compact sized, feather weight and portable means of communication particularly in the public safety and business sector has led to the rise of this industry. This is because portable radios are very versatile and mobile thus suitable for various operations at the field. Furthermore, their growing adoption is also aided by battery life improvements as well as durable nature.

The digital technology segment in the land mobile radio market is expected to capture a higher share during the forecast period.

Increasingly widespread use of digital radios by commercial enterprises and public safety agencies has driven the demand. These agencies are adopting more advanced systems that would enable them to make some better decisions. Digital segment growth may be attributed to superior aspects such as voice quality improvements, better safety measures among other things or even more efficient broad-casting places.

The 700 MHz & above segment is expected to witness the highest CAGR in the land mobile radio market during the forecast period.

The 700 MHz & above segment is projected to hold the largest market share as well as witness highest CAGR during the forecast period, primarily due to its long-range capability, which enables operators to broadcast over extended distances. This frequency range offers better signal penetration and coverage, making it ideal for reliable, long-distance communication in critical situations. Additionally, the shift to digital communication and the growing demand for interoperable communication systems among various agencies are further boosting the adoption of this frequency band.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=27811764

North America is expected to hold the largest share of the land mobile radio market during the forecast period.

North America dominates in the land mobile radio industry driven by significant focus on public safety and emergency services. The technological improvements and existing players have also fostered stability and expanded the market. Motorola Solutions, Inc. (US), and L3Harris Corporation, Inc. (US), are among such key firms in North America. Furthermore, Project 25 is extensively utilized across North America by federal, state, and municipal public safety agencies to facilitate communication with other agencies and mutual aid response teams during emergencies. Consequently, there is a high demand for Project 25 land mobile radios in North America.

Key Players

Leading players in the land mobile radio companies include Sepura Limited (UK), Motorola Solutions, Inc. (US), L3Harris Technologies, Inc. (US), JVCKENWOOD Corporation (Japan), Thales (France), Icom Inc. (Japan), BK Technologies (US), Hytera Communications Corporation Limited (China), Leonardo S.p.A. (Italy), and Codan Limited (Australia). Scottish Communications Group (UK), JNB Electronics PTY LTD. (Australia), Burk Technology (US), Anritsu (Japan), Midland Radio (US), Maxon America, Inc. (US),  Helios (Australia), Retevis (China), Crescend Technologies, LLC3 (US), Viavi Solutions Inc. (US), Tait Communications (New Zealand), Simoco Wireless Solutions (UK), Entel Group (UK), Tera (US), and PierCon Solutions (US), are few other key companies operating in the land mobile radio market.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=27811764

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Millimeter Wave Technology Market Size, Share & Industry Growth Analysis Report by Product (Scanning System, Telecommunication Equipment, Radar and Satellite Communication System, Others), License Type, Component, Frequency Band, End Use and Region - Global Forecast to 2029

Mobile Video Surveillance Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Cameras, Monitors, Storage Devices, Accessories, Software, VSaaS), System (IP, Analog), Application (Public Transit, Fleet Management, Emergency Vehicles, Drones), Vertical & Region - Global Forecast to 2029

IoT Chip Market Size, Share by Hardware (Processor, Connectivity IC, Sensor, Memory Device and Logic Device), Power Consumption, End-use Application (Wearable Devices, Consumer Electronics, Building Automation and Retail) and Region - Global Forecast to 2025

5G Infrastructure Market by Communication Infrastructure (Small Cell & Macro Cell), Core Network (SDN & NFV), Network Architecture (Standalone & Non-standalone), Operational Frequency (Sub 6GHz & Above 6GHz), End User & Geography - Global Forecast to 2027

Cellular IoT Market Size, Share & Industry Growth Analysis Report by Component (Hardware, Software, and Services), Technology (2G, 3G, 4G, LTE-M, NB-LTE-M, NB-IoT, and 5G), Application, Vertical and Geography (North America, Europe, APAC, South America & MEA) - Global Growth Driver and Industry Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/land-professional-mobile-radio-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/land-professional-mobile-radio.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

 

View original content:https://www.prnewswire.com/news-releases/land-mobile-radio-market-worth-28-50-billion-by-2029---exclusive-report-by-marketsandmarkets-302243144.html

SOURCE MarketsandMarkets