Land Professional Mobile Radio Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Land Professional Mobile Radio Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Land Professional Mobile Radio Market is expected to register a CAGR of 11.3% during the forecast period (2022 - 2027). The market has been witnessing positive growth owing to the rapidly increasing focus on the improvement of communication technologies among law enforcement agencies and public safety organizations. Moreover, LMR systems are also majorly being used in transportation, utilities, manufacturing, and healthcare, among other industry verticals.

Key Highlights

• The digital technology market is driving the growth of this market. For instance, TETRA has excellent spectrum efficiency and critical communication features such as security, short call set-up time, voice calls feature set, and high-speed data services. Moreover, TETRA does not require broadband data, which increases its use in public safety communications networks and different manufacturing sectors.
• Around the world, public safety organizations like fire departments, emergency medical services (EMS), and police departments are adopting land mobile radio (LMR) systems in a variety of locations, including hotels, manufacturing plants, warehouses, and theme parks. These systems' capacity to provide trustworthy and quick communication services is among the key elements promoting acceptance. As a result, the global market for land mobile radio (LMR) systems is growing as more people embrace these systems.
• The number of natural disasters, such as earthquakes, floods, storms, and landslides, has increased over the past several years. Additionally, accidents on the roads and at work are becoming more frequent worldwide. These elements have increased the workload for various emergency response organizations around the world. These organizations have started using LMR radio systems in recent years because of their spectral efficiency and robustness. The market for professional mobile radio (LMR) systems is experiencing development potential due to this factor.
• Due to the increased voice quality and battery performance of these newest devices, organizations from a variety of end-use industries are increasingly choosing to replace their outdated systems with digital LMRs. As a result, the market for land mobile radio (LMR) systems is growing as more people throughout the world adopt technological developments.
• Numerous sectors saw a dramatic change in their operations as a result of the COVID-19 epidemic. The market for land mobile radio (LMR) systems has been significantly impacted by China's quick closure of its industry in an effort to stop the COVID-19 outbreak. Additionally, this pattern persisted in Europe and North America regions, where factories temporarily shut down due to the COVID-19 outbreak. It is anticipated that businesses will spend less on new product development and technological advancement in the upcoming years as a result of their losses.

Key Market TrendsLaw Enforcement Agencies are Expected to Witness Significant Growth

• One of the primary tasks of law enforcement agencies is to maintain law and order and protect citizens and the critical infrastructure of the state. In law and enforcement, the lives of others depend on the ability to respond quickly to a critical situation and coordinate actions using timely and accurate information.
• The demand for LMR is continuously rising due to its quick and secure transmissions in a broad spectrum of environments. Moreover, mission-critical communication has supported law enforcement organizations to stream video and access data in real time. Therefore it also improves decision-making capabilities by incorporating video streaming and data applications.
• Governments across regions are investing in enhancing their surveillance and communication systems. For instance, the Netherland Government has already deployed a significant number of radios, which include 57,000 hand-portable terminals and 10,000 SRG3900 mobiles radios for public safety vehicles for its regional police forces. Hence, these investments are evident across regions and indicate the increasing reliance on LMR solutions for public safety purposes.
• In August 2022 - The Parana Public Safety Secretariat and Motorola Solutions, Inc. signed a contract to upgrade the public-safety communications infrastructure in Parana, Brazil. The agreement will allow the police departments in the Latin American nation to modernize their dated communications infrastructure and improve coordination for mission-critical applications. According to the agreement, Motorola will enable sophisticated digitally encrypted radio communications based on the P25 standard to offer a secure and reliable private communications system. The P25 standards offer interoperable digital two-way radio products and digital Land Mobile Radio services for local, state, and federal (federal) public safety organizations and agencies.

North America holds the Largest Market Share for this Market

• The rapid demand for LMR solutions is fuelling the growth of this market. The united states have 12 agencies that function under the Public Safety Department. Moreover, it has a public safety department for each State and a few private institutes and firms that are following its public safety initiative.
• The high adoption of innovative LMR solutions and rapid investment in extensive research works are driving the growth of this market. Moreover, P25, a group of standards for digital mobile radio communications in North America, provides the capability to transfer voice and data, which is very useful for any public safety organization. Furthermore, different government initiatives are also propelling the growth of this market. For instance, the Ontario government in Canada invested USD 765 million to rebuild the core components of the aging Public Safety Radio Network (PSRN).
• Large distribution channels, reliable surveillance systems, and established industry connections are what Tier I corporations typically provide in this sector. However, small, specialist rivals might increase their market share with customized products for particular industry sectors, like retail or airports.
• Major vendors in this market focus on incorporating intelligent solutions to provide a unique customer experience. Moreover, to increase their reach and maintain competition, players have been engaging in several mergers and acquisitions.

Competitive Landscape

The competitive rivalry in the market is high owing to the presence of some key players in this market, which include Harris Corporation, Sepura PLC, BK Technologies, Inc, Hytera Communications Corporation Limited, etc. The market appears to be moderately concentrated, with the market players moving towards providing innovative products through extensive investments in research and development that can offer them a competitive advantage over other players in the market.

• May 2021 - L3Harris Technologies expanded its XL product line with the XL Connect 95 Portable Radio, a flexible single-band, P25 radio for local government, public safety, utilities, education, transportation, and other agencies needing affordable and secure communications.

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• The market estimate (ME) sheet in Excel format
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