Global Land Mobile Radio (LMR) Systems Market to Reach $16.25 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Land Mobile Radio Systems market. World land mobile radio systems market is forecast to reach US$16.25 billion by the year 2017. As the world economy navigates its way through recession and towards recovery, organizations will regain their appetite for cost effective solutions, and the relentless trend to digital radio will continue to expand market revenues.

Land Mobile Radio (LMR) Systems: A Global Strategic Business Report

Governments and businesses across the world require secure, reliable, and effective wireless communications capabilities to carry out various protective, enforcement, and security missions, and LMR systems are perceived to be the vital tool to communicate in this field. Also, LMR equipment and systems deliver such control, command, and communications capabilities that cannot be delivered by commercial wireless networks. Land mobile radio (LMR) network consist of infrastructure components (transmitters, receivers, base stations), network switches, and hand-held and mobile two-way radios. From large emergency medical service agencies that coordinate volunteers and relief efforts in a disaster recovery mission to small companies conducting routine status checks or dispatching technicians on service calls, both public and private sectors benefit from basic and inexpensive wireless radio communication in the form of Land Mobile Radio.

Whilst the global economic downturn has slowed the expansion of land mobile radio systems market in the years 2008 and 2009, fiscal stimuli from governments and the inherent demand for cheap and reliable mobile radio communications mitigated the magnitude of the impact. The growth is mainly due to large-scale improvements in ease-of-use applications and technological advances in the form of digital radio, which makes the solutions more reliable. While homeland security, and mission-critical communications remain unfazed by the taxing financial meltdown, the industry had seen reduced demand growth in the manufacturing and construction markets. Slowing levels of economic activity, which exerted a disproportionate impact on transport and commercial end-use industries, as a result of reduced employment levels, commercial activity, and supply surpluses, resulted in a less urgent need for wireless communication systems, thus impacting both new and replacement demand for land mobile radio systems. High employee attrition will cause LMR system revenues to suffer, as they are lesser number of mobile workers to use these products.

Despite the weakening in market variables brought about by the recession, the LMR systems market has successfully weathered the downturn without recording hurting erosion in sales and revenues. This is largely because the underlying economics of LMR goes beyond the temporary weakness in the market’s climate. Companies cannot afford to cut corners on LMR systems for long, given the disproportionately higher costs associated with loss in productivity and performance.

As stated by the new market research report, North America accounts for a major share of the global Land Mobile Radio Systems market revenues. TETRA, the most widely accepted digital technology standard in the land mobile radio industry showed resilience to tough economic conditions in the year 2009. With revival in economic conditions and large contracts presently under consideration, global TETRA shipments is expected to surge at a healthy rate until 2017. The economic slowdown, cutthroat competition, saturating developed markets, have all brought to the fore the importance of innovation in land mobile radio industry. Also, faced with fierce competition from low cost digital technologies, such as NXDN, DMR, and dPMR, market participants are pushed to put more emphasis on R&D and product innovation.

Major players in the global marketplace include Axell Wireless Ltd, DAMM Cellular Systems A/S, Datron World Communications Inc, EADS NV, EF Johnson Technologies Inc, Harris Corporation, ICOM Inc, Kenwood USA Corporation, Motorola Inc, MIDLand Radio Corporation, PowerTrunk Inc, Raytheon JPS Communications Inc, RELM Wireless Corporation, Rohde & Schwarz GmbH & Co KG, Sepura Plc, Smartlink Radio Networks Inc, Tait Radio Communications Electronics Ltd, and Thales Communications Inc., among others.

The research report titled “Land Mobile Radio (LMR) Systems: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The single segment report provides market estimates and projections (in US$ Millions) for major geographic markets including the North America and Rest of World.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Land_Mobile_Radio_LMR_Systems_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
E-mail: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website

Media