Need for Secure Communications and Technology Developments to Drive the Land Mobile Radio (LMR) Systems Market, 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 markets. Global market for Land Mobile Radio (LMR) Infrastructure is forecast to reach US$16.2 billion by the year 2017, driven by factors such as growing threat of natural disasters and subsequent need for emergency communication solutions, undying need for secure communications among government agencies, increasing investments in R&D and resulting technology improvements. Growing awareness about the benefits of LMR also augurs well for the future of this market.

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

Follow us on LinkedIn – Driven by rapid and unrelenting evolution of telecom technologies, wireless communications such as mobile/cellular telephony and wireless networking, have been witnessing robust growth over the last few years, and will continue to do so, largely dictated by convergence of communications and computing and accelerated growth of mobile broadband and data services. However, these next generation mobile/wireless technologies continue to suffer from coverage and reliability issues, which are key considerations for law enforcement, emergency medical services, disaster recovery and other public safety applications. As a result, a large number of critical services continue to remain committed to narrowband analog connectivity such as a Land Mobile Radio network. Presenting high level of reliability required for public safety missions, LMR networks, and therefore LMR systems have been gaining widespread adoption among government agencies and public safety departments such as fire, police and emergency services, and even among business establishments such as hotels, airports, transportation service providers and construction firms. Growing instances of emergency situations such as terrorist attacks, natural disasters such as earthquakes and Tsunamis over the years have especially put the spotlight on LMR systems.

Capable of providing immediate and assured access to networks with high-level of reliability and extended coverage, and enabling priority access in case of emergencies LMR systems have been gaining robust demand in recent years. Although growth in demand for LMR systems slowed down temporarily during 2008 & 2009, fiscal stimuli from Governments and the inherent demand for cheap and reliable mobile radio communications mitigated the magnitude of the impact. Government agencies, with their characteristic never-ending demand for reliable and effective wireless communication solutions for carrying out various protective, enforcement, and security missions, continued to rely on LMR systems as a vital communications tool, thereby helping sustain market demand during the period. Typically perceived as essential for ensuring public safety, LMR systems continued to attract substantial government funding despite recession.

Rising need for secure communications and the need for convenience will continue to drive growth in the global LMR Systems market over the next few years. Capable of transmitting information in a secure environment that too in an encrypted format, modern LMR systems fulfill the need for infallible security among government agencies and other information sensitive business organizations, thus attracting opportunities from these segments. Development of such encryption and decryption methodologies has resulted in wider adoption of the latest Advanced Encryption Standard (AES) among LMR users. Growing investments on R&D by market participants in a bid to gain competitive edge in the marketplace will help foster development of new product varieties with high price to value benefits, which will in turn help boost opportunities for LMR systems market over the next few years. Growing awareness among corporate users about the time and cost benefits offered by LMR systems will also help expand the perceived value of this technology, which will help drive growth in the upcoming years.

As stated by the new market research report on Land Mobile Radio (LMR) Systems, North America represents the largest regional market for LMR systems, accounting for a majority share in the global market. Migration from analog to digital LMR and widespread availability of latest products in Digital LMR are the primary factors driving LMR systems market in North America.

Major players in the global marketplace include Axell Wireless Ltd, DAMM Cellular Systems A/S, Datron World Communications Inc, Cassidian Communications, Inc., EF Johnson Technologies Inc, Harris Corporation, ICOM Inc, Kenwood USA Corporation, Motorola Solutions Inc, MIDLand Radio Corporation, PowerTrunk Inc, Raytheon Company, RELM Wireless Corporation, Sepura Plc, 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$ Million) for geographic markets - 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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: 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