Land Mobile Radios Market - Expected to Grow From $7.52 Billion in 2014 to $15.65 Billion by 2020

Jan 27, 2016, 07:10 ET from Research and Markets

DUBLIN, Jan. 27, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/4sd85r/land_mobile_radio) has announced the addition of the "Land Mobile Radio Market - Global Trend & Forecast to 2020" report to their offering.

This industry forecast the land mobile radios market size to grow from $7.52 Billion in 2014 to $15.65 Billion by 2020, at a CAGR of 13.09% from 2015 to 2020. This market is driven by factors such as the growing demand for reliable & inexpensive LMRs, transition from analog to digital LMR products, and infiltration of LMRs into diverse industries.

Digital-based LMRs are expected to hold the largest market share and dominate the land mobile radios market from 2015 to 2020 due to the growing demand for digitalized products, which have more spectral range availability and provide efficient results than other LMR technologies. This segment is expected to dominate the global land mobile radios market in terms of shipments and also total revenue by 2020.

North America is expected to hold the highest market share and dominate the land mobile radios during the forecast period due to the presence of a large number of security vendors. APAC offers potential growth opportunities.

The major factors which are restraining the growth of the global land mobile radios market are the spectrum shortages and limited channel capacity and high costs for building LMRs over new technologies. Currently, the cost of a spectrum for a new system is almost equal to the cost of a new system, but getting spectrum approval from the regulatory bodies is a difficult task for the operators.

Companies Mentioned:

  • Harris Corporation
  • Hytera Communications
  • Jvc Kenwood Corporation
  • Motorola Solutions, Inc.
  • Raytheon Co.
  • Relm Wireless Corporation
  • Sepura Plc.
  • Simoco
  • Tait Radio Communications
  • Thales SA

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market, By Type

8 Market, By Technology

9 Land Mobile Radio Market, By Industry

10 Market, By Standard

11 Market, By Geography

12 Competitive Landscape

13 Company Profiles

For more information visit http://www.researchandmarkets.com/research/4sd85r/land_mobile_radio

 

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



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