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

  • Date Submitted: 11/22/2015 11:47 PM
  • Flesch-Kincaid Score: 36 
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Rising significance of efficient mission-critical operations has fueled the demand for land mobile radio (LMR) systems, states Transparency Market Research in its latest report. The study, titled “Land Mobile Radio Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, indicates that at a 16.9% CAGR from 2014 to 2020, the global LMR systems market is poised to expand from US$10.57 billion in 2013 to US$30.6 billion by 2020.North America is the dominant regional segment of the global land mobile radio systems market. However, rising demand for LMR systems from the construction and government sectors is likely to make Europe the leading revenue generator by 2020. Asia Pacific, on the other hand, will be the fastest developing segment thanks to growth of the automotive industry in China and India.

Browse the full Land Mobile Radio (LMR) Systems Market report at:
http://www.transparencymarketresearch.com/land-mobile-radio-systems.html

On the basis of type, the land mobile radio systems market is fragmented into mobile (vehicular) LMR systems and hand portable LMR systems. Growing applications of hand portable LMR systems in construction activities, mining, and corporate use have made this segment the dominant one. In terms of revenue, the hand portable LMR system held a 55.9% share of the land mobile radio systems market in 2013. By technology, the market for LMR systems is segmented into digital and analog. The analog segment dominated the overall market in 2013 owing to their presence in the market over a longer period of time and large product offerings. However, digital LMR systems are anticipated to surpass analog LMR systems by 2020, driven by a shift from analog communication technologies to digital ones. Digital LMR systems include Project 25 (P25), TETRA, DMR, dPMR, and TETRAPOL. Given the advanced features of P25 and TETRA digital LMR systems, these two dominate the overall market and are forecast to retain...

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