Global Land Mobile Radio Market to reach USD 40.98 billion by 2027.
Global Land Mobile Radio Market is valued approximately at USD 16.08 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 14.3% over the forecast period 2021-2027. Land Mobile Radio systems are wireless communications systems which are essential for voice communications among the crucial and emergency public services used by defense personnel, state, local, federal, tribal emergency responders, public safety personnel and other crucial services. These systems are beneficial in the difficult terrains and regions where high speed voice communications network cannot reach. The global Land Mobile Radio market is being driven by increasing defense operations due to rising terrorism, natural disasters, cross border conflicts and other incidences where the communications among personnel becomes crucial. For instance, according to the jewishvirtuallibrary.org, in 2018 total terrorist incidents occurred were 8,093 worldwide. Also, in May 2021, Israel-Gaza conflict led to many attacks amongst each other. The other driving factor for the market is the rising demand for inexpensive and reliable land mobile radios. Furthermore, the rising demand for voice encryption for secure communication and technological advancements will provide new opportunities for the global Land Mobile Radio industry. However, high costs of building LMRs and restricting industry expansion due to limited spectrum bandwidth may impede market growth over the forecast period of 2021-2027.

The regional analysis is segmented for the major regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World of the global Land Mobile Radio Market. North America is the leading region across the world in terms of market share due to growing aerospace operations, many military missions around the world and enhanced research & development activities have stimulated product demand in the region. Whereas, Asia Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to the technological upgraded devices and increase in military operations due to cross border conflicts in the region.

Major market player included in this report are:
Harris Corporation
Motorola Solutions, Inc.
Simoco
Raytheon Company
JVCKENWOOD Corporation
Thales SA
Sepura PLC RELM Wireless Corporation
Hytera Communications Corporation Limited
Tait Radio Communications Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Hand Portable
In-Vehicle (Mobile)
By Technology:
Analog
Digital
By Frequency:
25-174 (VHF)
200-512 (UHF)
700 MHZ & Above
By Application:
Commercial
Public Safety


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Land Mobile Radio Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers