Professional Mobile Radio (PMR) Market 2024 – Market Insights, Industry Drivers, Market Size, Share And Forecast To 2033 | Airbus SE, Rostec, Ericsson, Thales Group, L3Harris Technologies Inc.

Overview and Scope
Professional mobile radio (PMR) refers to a type of wireless communication system that is utilized by businesses and organizations to provide reliable and safe voice and data communication over radio frequencies, typically using handheld or vehicle-mounted radios. PMR systems offer two-way communication, allowing users to send and receive messages, to facilitate efficient and effective communication among users in various professional settings.

Sizing and Forecast
The professional mobile radio (PMR) market size has grown rapidly in recent years. It will grow from $23.11 billion in 2023 to $26.26 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to rise in the globalization and interconnectivity, increased adoption of remote work, demand for mobile communication, government regulations and standards, and increassed public safety.

The professional mobile radio (PMR) market size is expected to see rapid growth in the next few years. It will grow to $44.41 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to rising usage of land mobile radios, the need for interoperable communication, increasing broadband networks, increasing threat of cyberattacks, and growing concerns about environmental sustainability. Major trends in the forecast period include advancements in radio technology, advanced radio communication systems, integration with the Internet of Things (IoT) and artificial intelligence (AI) technologies, mission-critical communication, long-term evolution (LTE) technology, and cloud-based solutions

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Segmentation & Regional Insights
The professional mobile radio (PMR) market covered in this report is segmented –

1) By Frequency: 25 MHz–174 MHz (VHF), 450 MHz–512 MHz (UHF), 700 MHz And Above (SHF)
2) By Technology: Digital, Analog
3) By Application: Commercial, Public Safety

North America was the largest region in the professional mobile radio (PMR) market in 2023. The regions covered in the professional mobile radio (PMR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Rising adoption for public safety is expected to propel the growth of the professional mobile radio (PMR) market going forward. Public safety refers to the welfare and protection of the general public, encompassing the government’s responsibility to ensure people are safe from harm and danger. The increase in public safety concerns is due to several factors, such as global events and crises, socioeconomic disparities, environmental factors, and social and political dynamics. Professional mobile radio (PMR) is an essential communication tool that provides extensive coverage and is frequently designed with extra components to ensure that emergency responders have access to communication channels when they are most needed without interfering with civilian network traffic. For instance, in December 2023, according to the National Crime Records Bureau (NCRB), an India-based government agency responsible for collecting and analyzing crime data, a total of 4,45,256 cases of crime against women were reported in 2022, marking a 4% increase from 2021. Furthermore, in July 2023, according to Statistics Canada, a Canada-based government agency, police reported 874 homicides in Canada in 2022, 78 more than the year before. Therefore, rising adoption for public safety is driving the professional mobile radio (PMR) market. Therefore, rising adoption for public safety is driving the professional mobile radio (PMR) market.

Key Industry Players
Major companies operating in the professional mobile radio (PMR) market are Airbus SE, Rostec, Ericsson, Thales Group, L3Harris Technologies Inc., Motorola Solutions Inc., Maxon America Inc., JVCKenwood Corporation, SITA, VIAVI Solutions Inc., Kontron AG, Anritsu Corporation, Hytera Communications Corporation Limited, Icom Inc. , Rexon Technology Co. Ltd., Sepura Limited, Zetron Inc., Uniden Holdings Corporation, Simoco Wireless Solutions, Midland Radio Corporation, Ritron Inc., PowerTrunk.com

The professional mobile radio (pmr) market report table of contents includes:

1. Executive Summary

2. Professional Mobile Radio (PMR) Market Characteristics

3. Professional Mobile Radio (PMR) Market Trends And Strategies

4. Professional Mobile Radio (PMR) Market – Macro Economic Scenario

5. Global Professional Mobile Radio (PMR) Market Size and Growth

…..

32. Global Professional Mobile Radio (PMR) Market Competitive Benchmarking

33. Global Professional Mobile Radio (PMR) Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Professional Mobile Radio (PMR) Market

35. Professional Mobile Radio (PMR) Market Future Outlook and Potential Analysis

36. Appendix

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