Global Land Mobile Radio (LMR) Systems Market Expected to Reach USD 30.06 Billion in 2020

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Transparency Market Research published a new report titled "Land Mobile Radio (LMR) Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" to its report store.

Transparency Market Research

Transparency Market Research

Land Mobile Radio (LMR) Systems (TETRA, Project 25, dPMR, DMR, and TETRAPOL) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

According to a new market report published by Transparency Market Research "Land Mobile Radio (LMR) Systems (TETRA, Project 25, dPMR, DMR, and TETRAPOL) Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014," the global LMR systems market was valued at USD 10.57 billion in 2013. The market, on the basis of types, is segmented into hand portable and mobile (vehicular) LMR systems. On the basis of applications, the market is segmented as military, commercial, construction, transportation and others. The military applications segment was the largest contributor and accounted for 36.1% of the global LMR systems revenue in 2013. However, commercial application segment is expected to record highest growth rate during the forecast period, 2014 - 2020. The growth is mainly driven by the rising adoption of LMR systems by the small, medium and large scale business organization for streamlining their business operations. Moreover, the transportation applications of the LMR systems are expected to drive this market in the long run as government of several countries are focusing on streamlining the traffic control operations with 100% interoperability and coordination within the public transport.

Browse the full Global Land Mobile Radio Systems Market: http://www.transparencymarketresearch.com/land-mobile-radio-systems.html

The LMR systems market is expected to be dominated by digital LMR systems in 2020, with demand largely driven by growing transformation of communication technologies from analog to digital. The digital technologies are further classified as terrestrial trunked radio (TETRA), Project 25 (P25), digital private mobile radio (dPMR), digital mobile radio (DMR) and TETRAPOL. Of these, the TETRA and P25 digital technologies are expected to contribute highest revenue in 2013 and retain their leading position throughout the forecast period. This is due to their advance features such as encryption capabilities and interoperability with LTE networks. However, in 2013, analog LMR systems dominated the market, due to large product offerings as these radios have been around for a longer time, and are expected to be overtaken by digital LMR systems only by 2020.

Hand portable LMR systems dominated the market in terms of revenue share in 2013 and are expected to see stable growth throughout the forecast period. This is attributed to their durability in harsh environments and wide usage of digital and encrypted hand portable land mobile radios in enterprises and construction sectors. Moreover, the demand for hand portable LMR systems is expected to increase further with rise in mining activities, especially across countries such as, Chile, Peru, South Africa, Zambia and DR Congo.

A sample of the report in PDF obtained by visiting: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1252

Geographically, North America was the largest market for LMR systems, in 2013, closely followed by Europe. However, with the increasing demand for LMR systems in Europe it is expected that by 2020 Europe will be the leading revenue contributor, followed by Asia Pacific. This is due to the rising adoption of LMR systems by government sector and construction industry in Europe. Asia Pacific is expected to show the fastest revenue growth, with demand primarily driven by fast expanding automotive sector in countries such as India and China. In addition, the developing trade environment in these countries is supporting the growth of logistic, which in turn presents opportunities for growth in transport applications.

The global LMR systems market is highly consolidated, with top three players accounting for near about two-third of the global market revenue. The major industry participants include Raytheon Company, Cassidian Communications, Harris Corporation, Motorola Solutions, Inc., TE Connectivity Ltd., JVC KENWOOD Holdings, Inc. (Kenwood Communications), Relm Wireless Corporation, Thales Group and Nokia Networks. Among these, Motorola Solutions, Inc. dominated the market followed by Harris Corporation. Motorola Solutions, Inc. contributed approximately 50% of the global revenue generated in 2013 by LMR systems.

Related & Recently Published Report by Transparency Market Research

The report studies the global LMR systems market and provides market estimates and forecast in terms of revenue (USD Billion) for the period 2012 to 2020. Market estimates are provided on the basis of type of LMR systems, their applications and technology used across each geographic section. The market has been segmented as follows:

Land Mobile Radio Systems Market, by Type

  • Hand Portable
  • Mobile (Vehicular)

Browse Press Release of Global Land Mobile Radio Systems Market: http://www.transparencymarketresearch.com/pressrelease/land-mobile-radio-systems.htm

Land Mobile Radio Systems Market, by Technology

  • Analog
  • Digital
  • TETRA
  • Project 25 (P25)
  • dPMR
  • DMR
  • TETRAPOL

Land Mobile Radio Systems Market, by Applications

  • Military
  • Commercial
  • Construction
  • Transportation
  • Others

Land Mobile Radio Systems Market, by Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

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