Land Mobile Radio Market 2024 - Market Size, Emerging Trends, Market Opportunities, Key Drivers And Forecast To 2033 | Motorola Solutions Inc., Harris Corporation, Cartel Communication Systems Inc., BK Technologies Inc., TE Connectivity Ltd.

Overview and Scope
Land mobile radio (LMR) is a wireless communications technology that is primarily utilised for vital communications by public safety groups such as police, firefighters, and other emergency response organizations. LMR systems are widely used in the commercial world, including industrial, transportation, utilities, security, logistics, and even the military, in addition to the public safety sector. It enables push-to-talk two-way communication between radio transceivers.

Sizing and Forecast
The land mobile radio market size has grown rapidly in recent years. It will grow from $18.17 billion in 2023 to $21.01 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period can be attributed to public safety communications, military and defense applications, transportation and logistics, construction and infrastructure, oil and gas industry.

The land mobile radio market size is expected to see rapid growth in the next few years. It will grow to $36.38 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to autonomous vehicles, mining and extraction, utilities and energy, healthcare integration, space exploration. Major trends in the forecast period include 5g integration, internet of things (iot) and sensor networks, integration of artificial intelligence (ai) and machine learning, energy-efficient radios, satellite communication integration.

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Segmentation & Regional Insights
The land mobile radio market covered in this report is segmented –
1) Land Mobile Radio Market By Type: Hand Portable, In-Vehicle (Mobile)
2) vBy Technology: Analog, Digital
3) Land Mobile Radio Market By Frequency: 25-174 (VHF), 200-512 (UHF), 700 MHZ And Above
4) Land Mobile Radio Market By Application: Commercial, Public Safety, Mining, Oil and Gas, Energy, Defense, Transportation, Construction, Other Applications

Top Major Players

Motorola Solutions Inc.

Harris Corporation

Cartel Communication Systems Inc.

BK Technologies Inc.

TE Connectivity Ltd.

North America was the largest region in the land mobile radio market in 2023. Asia-Pacific is expected to be the fastest-growing region in the land mobile radio market share during the forecast period. The regions covered in the land mobile radio market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
An increase in the usage of land mobile radio (LMR) systems in military applications is expected to drive the growth of the land mobile radio market over the coming years. Military installations all over the world employ a wide range of specialised radio systems that operate on frequencies ranging from extremely low frequencies (ELF) to super-high frequencies (SHF). Tactical, data, SATCOM, and other specialised communications are all carried out on these bands. The military relies on essential radio communications to coordinate deployments and response actions at its bases around the world. The LMR network allows military emergency services to communicate with other federal, state, and local public safety agencies securely. For instance, in January 2022, the United States Department of Defense announced that it had exercised a contract option to keep Motorola as the operator and maintainer of the US Navy’s land mobile radio (LMR) system. The $29 million contract ensures that critical radio communications are maintained at US Navy facilities around the world. Hence, the increased usage of LMR systems in military applications will drive the growth of the land mobile radio market.

Key Industry Players
Major companies operating in the land mobile radio market include Motorola Solutions Inc., Harris Corporation, Cartel Communication Systems Inc., BK Technologies Inc., TE Connectivity Ltd., Sepura Ltd., Simoco Telecommunications Ltd., JVC Kenwood Corporation, Nokia Networks B.V., Thales Group, TTG Global Ltd., Codan Communications, Midland Radio Corporation, EF Johnson Technologies Inc., Airbus DS Communications, L3Harris Technologies Inc., Tait Communications Ltd., Hytera Communications Corp Ltd., Icom Inc., Raytheon Company, Relm Wireless Corporation, Vertex Standard LMR Inc., Zetron Inc., Daniels Electronics Ltd., PowerTrunk Inc., Alinco Incorporated, Yaesu Musen Co. Ltd., Axell Wireless Ltd., DAMM Cellular Systems A/S, Datron World Communications Inc., Cassidian Communications Inc., E-TECH Global Services, Schnoor Industrieelektronik, Iconet Services, Anritsu Corp., Leonardo SpA

The land mobile radio market report table of contents includes:

1. Executive Summary

2. Land Mobile Radio Market Characteristics

3. Land Mobile Radio Market Trends And Strategies

4. Land Mobile Radio Market – Macro Economic Scenario

5. Global Land Mobile Radio Market Size and Growth

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32. Global Land Mobile Radio Market Competitive Benchmarking

33. Global Land Mobile Radio Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Land Mobile Radio Market

35. Land Mobile Radio Market Future Outlook and Potential Analysis

36. Appendix