LAND MOBILE RADIO (LMR) SYSTEMS MARKET ANALYSIS

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

Land Mobile Radio (LMR) Systems MarketSize and Trends

The global land mobile radio (LMR) systems market is estimated to account for US$ 17312.91 Mn in terms of value by the end of 2021 and is expected to grow at a CAGR of 16.3% during the forecasted period (2022-2030).

Statistics:

Europe held dominant position in the global land mobile radio (LMR) systems market in 2021, accounting for 34.1% share in terms of value, followed by North America, APAC, and RoW respectively.

Figure 1: Global Land Mobile Radio (LMR) Systems Market Share (%), By Region, 2021

Europe is expected to be one of the prominent regions in the global market and witness high growth during the forecast period. This is owing to increasing demand for LMR systems.

Figure 2: Global Land Mobile Radio (LMR) Systems Market (US$ Mn) Analysis and Forecast, 2017 – 2030

The Global Land Mobile Radio (LMR) Systems Market was valued at US$ 17312.91 Mn in 2021 and is expected to reach US$ 66237.86 Mn by 2030, growing at a CAGR of 16.3% between 2022 and 2030.