Global Land Mobile Radio Market is Likely to Grow at CAGR of 16.4% from 2016 to 2020 | Market Report by Hexa Research

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“Land mobile radio market” is expected to grow over the forecast period due to the significance of mission critical operations and expansions of long term evolution. North America is expected to dominate the land mobile radio market followed by Europe.

According to the recent Research study by Hexa Research, Land mobile radio system is also known as Private land mobile Radio or public land mobile radio. It is basically a wireless communications systems widely used in areas like public work organizations, in taxis, firms with large manpower, ambulance services and in police and fire departments. These systems, shares frequency with private users, important are many day to day activities that population is US have adapted whether directly or indirectly., Land Mobile Radio market is rapidly growing in global market and is likely to grow at the CAGR of 16.4% from 2016 to 2020.This market is anticipated to increase from over US$ 10 billion in 2015 to US$ 30 billion by the end of 2020.

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Key players in Land Mobile Radio Market are Honeywell International Inc., Nokia Solutions and Networks, Harris Corporation, Raytheon Company, TE Connectivity Ltd, Thales group S.A, Tyco Electronics, JVC KENWOOD Corporation and Airbus DS Communications.

According to Hexa Research, Land Mobile Radio industry is segmented into Hand Portable LMR systems and mobile (vehicular) LMR systems. In Corporate, a mining and construction activity, Hand Portable LMR a system is growing its applications which has made is a dominant segment. Hand Portable LMR systems contributed for over 50% of total market share in last few years. Land Mobile Market is segmented into Analog and digital. Digital LMR systems are likely to grow rapidly by 2020, they include DMR, Project 25 (P25), TETRAPOL, TETRA and dPMR. The most superior features of all is TETRA  digital LMR systems and P25 which are likely to dominate the global market in next five years.LMR is used in many industries and as well as in many fields as it is considered as the primary means of communication.

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