Land mobile radio (LMR) systems, commonly known as two-way radios or walkie-talkies, are portable or mobile wireless communication devices used by public safety organizations, militaries and commercial enterprises. LMR systems provide critical push-to-talk voice communication capabilities that facilitate real-time coordination between teams in the field.
The global Land Mobile Radio (LMR) Systems Market is estimated to be valued at Us$ 24 Billion In 2023 and is expected to exhibit a CAGR Of 12% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The adoption of LTE-based systems is a major trend propelling the growth of the land mobile radio (LMR) systems market. Traditional land mobile radio systems operate on analog or digital private radio networks with limited coverage and capacity. However, public safety organizations are now transitioning from proprietary LMR systems to commercial LTE networks that support mission-critical push-to-talk (MCPTT) over LTE capabilities. This enables seamless voice and data communication over a larger coverage area using broadband LTE technology. As commercial carriers continue to deploy their LTE networks globally, more countries are adopting MCPTT standards, driving the replacement of aging LMR infrastructure with LTE-based systems. Additionally, LTE-based systems provide higher bandwidth to support capabilities like real-time video streaming and IoT integration, meeting the evolving communication needs of customers.
Segment Analysis
The land mobile radio (LMR) systems market is segmented by technology, type, and application. Based on technology, the analog segment dominates the market as analog systems are cost-effective and are commonly used by small organizations. Analog LMR systems provide the basic need of reliable group voice communication at an affordable price, which is the primary reason for its high demand.
Key Takeaways:
The Global Land Mobile Radio (LMR) Systems Market Demand is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis:
The Asia Pacific region is expected to be the fastest growing regional market owing to rapid infrastructure development and increasing investments in critical communication networks by governments in developing countries such as India and China. North America currently dominates the global LMR systems market with the United States holding the major share.
Key players:
Key players operating in the Land Mobile Radio (LMR) Systems market include Motorola Solutions, Harris Corporation, JVC Kenwood Corporation, Raytheon Company, Relm Wireless, and Thales Group. Motorola Solutions holds the leading position in the market, helped by its wide geographic presence and strong portfolio of P25 compliant digital and analog LMR solutions for public safety, transportation, and commercial industries.
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