Public safety network is wireless communication used by emergency services such as medical, police, and fire department to respond to incidents. The carrier network for public safety and general public networks is growing rapidly causing more spectrum and speed for the communication. The technology required to further the growth needs to be mapped up with rising speed causing the government to search for high-speed technologies in public safety. Public safety wireless communication is being adopted by federal, state, as well as the local authorities in the police, fire, and other emergency responses.
Market Statistics:
The North America public safety wireless communication market is expected to surpass US$ 23,023.4 Mn in terms of value by the end of 2028.
Market Driver
Reduced cost of traveling by wireless communication is expected to boost the North America public safety wireless communication market growth over the forecast period. The public safety communication expanding rapidly due to help of wireless technology. As a result of this, the cost of traveling in public safety with the help of advanced devices reduces over time. As new technologies are emerging at a rapid pace, the demand for public safety devices is expected to increase significantly. This, in turn, leads to a decrease in prices of the devices since the demand increase. It also helps the public safety personnel to save a lot of time and money in traveling as real-time data can be fetched only at that particular time.
Market Opportunity
Improve public safety and efficient city government can present lucrative growth opportunities in the North America public safety wireless communication market. The municipal wireless will help the public safety in improving communication over the network. This is because the public safety personnel will have access to the municipal wireless in case of emergency or when there is congestion in the public safety spectrum. The public safety personnel will also have some control over the transfer of data in that network which can help in tracing the real-time information and video surveillance over the network.
North America Public Safety Wireless Communication Market: Recent Developments
- Major companies are focused on product launches, in order to enhance the product portfolio. For instance, in November 2018, Hariss Corporation launched VIDA Network System Release to Improve security for public safety customers.
- Key players are involved in collaboration and partnership, in order to enhance the market presence. For instance, May 2020, Inmarsat plc in collaboration with Cobham SATCOM launched new Broadband Global Area Network (BGAN) push-to-talk solution.
- In January 2018, Bluewave entered into partnership with Mimosa Networks to deliver ultrafast wireless broadband. By joining the broadband high-speed market, Bluewave can offer network stability and value-for - money advantages for Bermudians and businesses alike.
North America Public Safety Wireless Communication Market - Impact of Coronavirus (Covid-19) Pandemic
The outbreak of COVID-19 pandemic had a mixed impact on the North America safety wireless communication market. With stringent regulations on physical distancing and nationwide lockdown policies, economic activities slowed down enormously across the globe. However, one of the major applications of public safety wireless communication was delivering critical information to fellow agencies, in order to coordinate effectively. Besides, it provided timely event details to residents and community members to help ensure safety. The market is expected to witness significant growth in the near future with many countries relaxing their COVID-19 regulations and resuming international travel and trade. Moreover, rollout of vaccines is expected to support the market growth in the near future.
Key Takeaways:
- The U.S. public safety wireless communication market was valued at US$ 9,838.7 Mn in 2020 and is forecast to reach a value of US$ 18,165.5 Mn by 2028 at a CAGR of 7.8% between 2021 and 2028. This is owing to the increasing demand for interoperable communication and public safety in U.S. market.
- The network infrastructure segment was valued US$ 4,714.7 Mn in 2020 and is expected to witness a CAGR of 7.9% over the forecast period. This is owing to rise in adoption of connected devices and integrated sensors.
Market Restraint
Lack of available funds is expected to hinder the North America public safety wireless communication market growth over the forecast period. The maintenance and operation of a sophisticated communication system in public safety requires high investment. The use of wireless technology is increasing rapidly with the increase in the cost of wireless devices that in turn causes the defragmentation of available funds. This leads to a lack of funds in maintaining the wireless communication system. Moreover, maintenance and operation of new wireless technology a lot of amounts is being invested in the marketing and sales, around 43% of the total revenue. The rest is used in network operation and other activities for network performance and growth. Since technology evolution is taking a fast pace with which new technology is providing more coverage and advancement over the previous one.
To know the latest trends and insights prevalent in the North America Public Safety Wireless Communication Market, click the link below:
Market Trends
- Lower crime rates are a major trend
The municipal wireless network will have wireless devices that will support real-time data transfer. This will help in increasing the efficiency of the public safety personnel. The real-time data transfer with the help of video surveillance devices will help in lowering the crime rate. At the crime scene, the video surveillance devices will transfer the real-time data that will help in predicting the image of the thief or terrorist in that city.
- Advertisement-based networks is another major trend
The municipal wireless network can be used for advertising the various brands to generate revenue as well as provide the advertisement to the end user with more accuracy and efficiency. The advertisement based networking will help in encouraging more advertisers in that city. It will also help in improving the lifestyle of the city users with time saving and cost-effective advertising.
Competitive Section
Key players operating in the North America public safety wireless communication market are Holding AG, Hytera Communication Corporation Ltd., Motorola Solutions, Telefonaktiebolaget LM Ericsson, Nokia Corporation, ZTE Corporation, Huawei Technologies Co., Mentura Group, Hariss Corporation, AT&T, Inmarsat plc, and Telestra Corporation Ltd.
