The Public Safety LTE Market size is estimated at USD 11.92 billion in 2024, and is expected to reach USD 30.20 billion by 2029, growing at a CAGR of 20.43% during the forecast period (2024-2029).
The public safety LTE market is characterized by fragmentation, featuring major players such as General Dynamics Mission Systems, Inc., Airbus SE, Motorola Solutions, Inc., Telefonaktiebolaget LM, Ericsson, and AT&T, Inc. These key industry participants are actively employing strategies such as partnerships and acquisitions to expand their product portfolios and secure a sustainable competitive edge.
In March 2023, Honeywell initiated phase one of the Bangalore Safe City project. The project's aim is to establish a secure, efficient, and empowering environment for women and girls by leveraging Honeywell's intelligent and interconnected safety and security technologies. This project involves the deployment of over 7,000 video cameras at more than 3,000 strategic locations throughout Bengaluru.
In December 2022, Hexagon acquired Qognify, a developer of enterprise incident management and physical security software. Qognify's video management software (VMS) offers an integrated video monitoring solution utilizing cloud computing and video analytics derived from camera feeds. This strategic acquisition is poised to enhance Hexagon's offerings in the field of public safety solutions.
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