Land Mobile Radio System Market Recent Trends, Demand, Dynamic Innovation in Technology & Insights 2022-2032

 Global land mobile radio system market demand is anticipated to be valued at US$ 22350.0 Million in 2022, forecast to grow at a CAGR of 9.7% to be valued at US$ 56187.0 Million from 2022 to 2032. Growth is attributed to the increasing advancement in communication technology. From 2016-2021 a CAGR of 8.6% was registered for the land mobile radio system market.

The demand for a two way wireless communication for critical and emergency military circumstances were eliminated with the introduction of Land Mobile Radio Systems. Since its introduction, continuous advancements and implementation of the system has led to an adoption of Land Mobile Radio Systems in various commercial sectors as well.

Land Mobile Radio Systems are terrestrial-based professional communication systems intended for critical communications among emergency response and public safety organizations. The fundamental components of a Land Mobile Radio System are radio, network infrastructure, base station and a repeater.

A transition from conventional Land Mobile Radio Systems to trunked Land Mobile Radio Systems is observed due to the latter's increased capacity and interoperability, reduced congestion and an efficient communication channel.

Major applications of Land Mobile Radio System is observed in public safety organizations such as police, taxis, ambulances, firefighting and others. Besides, public safety organizations, a major application of Land Mobile Radio System is also witnessed in the military industry for enabling an efficient two-way wireless communication.

Land Mobile Radio System Market: Drivers and Challenges

An increased adoption of digital Land Mobile Radio Systems is witnessed over analog Land Mobile Radio Systems recently. Therefore, the transition towards digitalization is expected to be a major driving factor for the growth of Land Mobile Radio Systems Market.

In addition to this, an increased demand for portable Land Mobile Radio Systems is observed after its introduction. This demand for portable Land Mobile Radio Systems is expected to drive the overall growth of the respective market. Furthermore, multiple applications of Land Mobile Radio Systems in various industry verticals are a driving factor for respective markets as well.

High costs associated with Land Mobile Radio Systems act as the major restraining factor for the overall Land Mobile Radio Systems market. In addition to this, installation of a repeater, a major component of a Land Mobile Radio Systems, for increasing the range of low VHF signal furthermore increases the overall cost of Land Mobile Radio system. Additionally, the complexity associated with manufacturing and licensing to avoid interference with other frequencies of Land Mobile Radio System also hampers the growth.

Government and Public, and Military segments are expected to hold majority of market share in the Global Land Mobile Radio System Market. Additionally, Digitalization has led to the adoption of Land Mobile Radio Systems in Corporate sector as well.

Market Competition

Some of the key participants present in the global land mobile radio system market are Motorola Solutions, Inc., Airbus DS Communications, Cobham plc, Vertex Standard LMR, Inc., Harris Corporation, Midland Radio, Nokia, Thales Defense & Security, Inc. and PowerTrunk.com among others.

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Motorola Solutions, Inc., Airbus DS Communications, and Cobham plc account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.

  • In July 2022 –The Santa Fe Ministry of Security has awardedMotorola Solutionsto deliver a state-of-the-art, integrated end-to-end emergency management system for multi-agency coordination and to shorten response times to emergency calls from the public.
  • In July 2022 –L3Harris Technologies has developed a new waveform to both counter current and future electronic warfare attacks and protect tactical lines of communication. Wraith™ is a first-of-its-kind frequency-hopping Mobile Ad Hoc Network (MANET) waveform for wideband voice and data with advanced, multi-layer anti-jam capabilities to support multi-domain interoperability.

For More Info - https://www.futuremarketinsights.com/reports/land-mobile-radio-system-market 

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