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Global Land Mobile Radio (LMR) Systems Market to Ride Digitization Wave

The global land mobile radio (LMR) systems market finds a consistent user base among multiple public works organizations. The list also includes first-responder organizations such as fire departments, police departments, and medical service providers. The global LMR systems market also finds users that incorporate a large network of field staff that works in tandem with vast vehicle fleets.

Browse the full Land Mobile Radio Systems Market report at:

http://www.transparencymarketresearch.com/land-mobile-radio-systems.html

 

Growing Civilian Traffic Boosts Global LMR Systems Market

The 2013 global LMR systems market was dominated by the military applications segment, which held a 17.8% market share. This is steadily reducing as the number of vehicles on the roads increases. The surge in the automotive industry caused by a heightened demand has put pressure on many countries to incorporate better methods for streamlining communications for traffic management. LMR systems offer one of the most successful methods and therefore receive substantial demand from civilian transportation segments. Other application segments of the global LMR systems market, apart from military and transportation, include construction and commercial.

 

Digital LMR Systems to Overtake Analog Systems by 2020

One of the most prominent trends in the global LMR systems market is the shifting preference of users from analog LMR systems to digital ones. Digital LMR systems offer superior characteristics in terms of battery life and overall efficiency in power consumption. Another advantage that digital LMR systems have over analog systems is the complexity of encryptions involved in it, leading to better security. Digital LMR systems include TETRA, TETRAPOL, Project 25, DMR, and dPMR. Of these, TETRA and Project 25 land mobile radio systems hold the largest market shares due to their enhanced encryption capabilities over the rest. Both these systems can also handle a large number of users over a single channel, allowing networked services to work more efficiently.Key companies in the global LMR systems market are also expected to merge LMR systems with high-speed cellular networks to provide next-gen products.

For More Information About Land Mobile Radio Systems Market Get the Free PDF File at:

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1252

Hand Mobiles Dominate Global LMR Systems Market

The two types of land mobile radio systems employed include hand portable and mobile, which is also known as vehicular. Of the two, the hand portable LMR systems segment held the larger market share in 2013; 55.9% of the market was taken up by hand portable LMR systems. The segment owes its strong performance to the huge scope of applications for it, including in the industries of construction, mining, and commercial. Mobile LMR systems, on the other hand, are expected to show substantial growth rates over the forecast period. The segment’s growth is attributed to increasing government purchases for the defense sector in order for personnel to communicate over harsh conditions.

North America Leads Consolidated Global LMR Systems Market

The U.S. government has made heavy investments in the global LMR systems market in the recent past. The intention behind the investment was to provide high-speed communication services that will allow the defense sector to meet the growing demands of modern communication. This put North America firmly in the lead for the 2013 global LMR systems market. Key players in the market include Nokia Networks, Thales Group, TE Connectivity, Raytheon Company, and Motorola Solutions, Inc. all the top players are increasing their emphasis on the Asia Pacific LMR systems market due to the high demand observed in the region’s emerging economies. The top players are competing fiercely against each other and have to provide a consistent flow of innovations in order to sustain profits.

The global LMR systems market was previously worth US$10.57 billion in 2013. The market is expected to reach an overall value of US$30.6 billion in 2020 if it adheres to its estimated CAGR of 16.9% from 2014 to 2020. This extremely optimistic CAGR seems but natural after reviewing the drivers of the global LMR systems market, which comfortably outweigh its restraints.

Browse the Full Press Release of Land Mobile Radio Systems Market at:

http://www.transparencymarketresearch.com/pressrelease/land-mobile-radio-systems.htm

 

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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