Global Land Mobile Radio Systems Market (LMR) is expected to grow USD 25.74 Bn by 2022- Credence Research

Land mobile radio systems market was valued at US$ 10.8 Bn in 2014 and is expected to reach US$ 25.74 Bn, expanding at a CAGR of 11.8% during the forecast 2015 to 2022.

As stated in a new market report published by Credence Research, “Land Mobile Radio (LMR) Systems (Public Safety (Military & Defense, Law Enforcement, Fire Department, Emergency & Medical Services (EMS)), Transportation, Utilities, Oil and Gas, Mining, Construction and Other Verticals) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022” the land mobile radio systems market was valued at US$ 10.8 Bn in 2014 and is expected to reach US$ 25.74 Bn, expanding at a CAGR of 11.8% during the forecast 2015 to 2022.
Market Insights
Land mobile radio systems, sometimes referred as private land mobile radios or public land mobile radios are communications system used by terrestrial users while on foot (portable land mobile radio) or in vehicles (mobile land mobile radio). Examples include tow-way radios and walkie talkies. Generally, these systems are deployed independently, but can also be connected to other stationary systems such as cellular networks or public switched telephone network (PSTN). Land mobile radios increasingly find applications in military and first responder agencies including police department, fire rescue department, emergency and medical service providers, disaster preparedness organizations, and other home security organizations. The advancements in technology, resulting in a gradual shift from analog to digital communication has expanded application base of land mobile radio systems beyond military and public safety agencies into corporate and enterprise users.
Browse the full Land Mobile Radio (LMR) Systems Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/land-mobile-radio-systems-lmr-market
Competitive Insights
The global land mobile radio systems market is highly consolidated and concentrated across different vertical markets, especially public safety and military. The top four manufacturers accounted for over 60 percent of the global market revenue share in 2014. Motorola Solutions Inc., Harris Corporation, Raytheon Company, Thales Group S.A., and JVC Kenwood Corporation are identified as the leading land mobile radio system manufacturers while other players including Cassadian Communications, Inc. (Airbus DS Communications, Inc.), Relm Wireless Corporation, Hytera Communications, Nokia Networks B.V., TE Connectivity Ltd., and Tait Radio Communications have been marked as promising and emerging players in the land mobile radio industry. Developing LTE-integrated land mobile radio systems/units is expected to be the future market strategy for the players in the market
Key Trends
• Shift from Analog Land Mobile Radio Systems to Digital Land Mobile Radio Systems
• Escalating Demand for Portable Land Mobile Radio Units
• Compliance with Terrestrial Trunked Radio (TETRA) and Project25 Standard
Request Sample: http://www.credenceresearch.com/sample-request/57713
Related Reports:
• http://www.credenceresearch.com/report/head-up-display-market
• http://www.credenceresearch.com/report/land-mobile-radio-systems-lmr-market
• http://www.credenceresearch.com/report/web-content-filtering-market

Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com


Contact Details

Company Name: Credence Research
Issued By: Robson Tolson
Phone: 18003618290
Address: 105 N 1st ST #429, SAN JOSE, CA 95103, United States
City: SANJOSE
State: CALIFORNIA
Zip: 95103
Country: United States
Website: Visit the website

Keywords : Land Mobile Radio Systems Market,

by Robson Tolson (few months ago!)

Latest Press Releases

Global Molybdenum Powder Market by Manufacturers, Countries, Type and Application, Forecast t..

Hypercholesterolemia Market Professional Survey Report 2023 Emerging Opportunities

Digital Forest Interactive Offers Three Bespoke SEO Plans

Through Hole Resistor Market : Growth, Demand and Key Players to 2027

Don’t Miss These Aspects Of Hiring Home And Bedroom Cleaning Services

Global LED Obstruct Lighting Market by Manufacturers, Countries, Type and Application, Foreca..

Fosfomycin Calcium Market 2023 Trends, Challenges and Growth Drivers Analysis

Software Defined Video Networking Market Volume Analysis, Segments, Value Share and Key Trend..

Stages an animated video goes through before it gets life

Buy Prescription Drugs From The Best Online Drug Store In Canada

Remove this press release ?

Due to extra work required to remove the press-releases we have started charging $1.99 for press release removal.

Your press release will be removed in 24 hours, once the payment has been received.

Search Press Release
e.g. Business, Computer, etc.