Land Mobile Radio (LMR) Systems Market, By Type (Hand Portable and Mobile), By Technology (Analog, Digital (TETRA, Project 25, dPMR, DMR, and TETRAPOL)), By Application (Military (Government), Commercial, Construction, Transportation, and Others (Mining and Utilities)), and By Region (North America, Europe, APAC, RoW) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023

Code : CMI4198

Pages :150

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Challenges And Opportunities

Market Opportunity

Rising adoption by corporate users can provide major business opportunities

Organizations need to equip their employees with the right communication tools for doing their jobs, owing to the growing pace and demands of today’s business environment. Growing awareness among corporate users regarding time and cost benefits offered by LMR systems provides growth opportunities for the LMR market. Existing two-way radio users have been using older devices that are approaching the end of life. Now the users are looking for better operability and enhanced functionality in these LMR devices. LMR is integrated into the workplace via smartphones and smart devices. Kenwood Corporation offers integration between LMR and smartphones through its NEXEDGE hand-portable devices, thereby improving communication and enhancing safety at the workplace.

Research and development activities can present lucrative growth opportunities

Key companies in the market are focused on research and development activities, in order to enhance their market presence. For instance, in August, Harris Corporation launched BeOn technology that would allow LMR devices to extend its voice capability over the 700MHz LTE communication network. Furthermore, in March 2011, JVC Kenwood introduced portable transceiver platforms in three model types, suited for different applications.

Market Restraint

Security concerns regarding theft and alteration of mission-critical information are expected to restrain the growth of the global land mobile radio (LMR) systems market during the forecast period

Public safety communication systems are constantly evolving from traditional analog (LMR) systems to digital systems. Analog systems process mainly voice communications; whereas, the benefit of digital systems is the ability to process voice, data, and multimedia communications. Moreover, LMR systems are exposed to risk of infiltration when they are connected to other networks, or when they are provisioned for remote access. These security threats could result in disclosure, destruction, or modification of sensitive information that could adversely impact system operations. Hence, these factors are expected to restrain growth of the market during the forecast period.

High capital investment is expected to hamper the global land mobile radio (LMR) systems market growth over the forecast period

Despite its numerous advantages, the global land mobile radio (LMR) systems market faces numerous challenges. Installing the LMR system requires significant capital investment. Besides, it needs to be operated by skilled personnel and technicians. Hence, these factors are expected to hamper the global land mobile radio (LMR) systems market during the forecast period.