LTE For Critical Communication Market 2018: Global Trends, Historical Analysis, Sales Revenue, Opportunities and Industry Estimated to Rise Profitably with 17% CAGR by Forecast 2023

Market Research Future
Market Research Future published a research report on “LTE For Critical Communication Market Research Report- Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

Long-Term Evolution (LTE) is a high-speed wireless communication standard based on the GSM/EDGE and UMTS/HSPA technologies for mobile devices and data terminals. The global LTE for critical communication market is anticipated to generate approximately USD 13.0 billion, at a CAGR of 17% during the forecast period of 2017 to 2023.

Market Dynamics:

Drivers

The growing adoption of digital and broadband technologies in public services such as law enforcement, disaster relief, administration and others are the critical drivers of the market owing to generation of large demand. The switching to digital technologies from conventional analog systems is another driver of the market. The growing development of complimentary end user industry such as oil and gas, security and others are the commercial drivers of the market. other commercial driver of the market include increasing demand for TETRA and 4G technology and the growing integration of TETRA-LTE solution in critical communications. Greater use of real-time videos coupled with the inability of older communication technologies to handle them owing to low bandwidth and speeds are also driving the market. The technological advantages of switching to higher technology by leaping over technology generations has made Long-Term Evolution (LTE) technologies more attractive than the conventional ones.

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Industry News:

Dec, 2017 – Nokia Corporation expanded its new service with ViTrust critical communication portfolio to help public safety agencies. ViTrust critical communication offers end-to-end LTE solutions and reliability and works with multivendor LTE networks.

October, 2016 – Cision launched cloud platform Cision Communications Cloud integrating many of Cision’s technologies under one umbrella.

March, 2016 — Everbridge, release of its next generation critical technology platform and applications.

Key Players:

The prominent players in the global LTE For Critical Communication Market are – Sepura plc. (U.K), Rohill Technologies B.V. (The Netherlands), Samsung Group (South Korea), Nokia Corporation (Finland), Teltronic S.A. (Spain), Softil Ltd. (Israel), Qualcomm Technologies Inc. (U.S), Ericsson (Sweden), Motorola, Inc. (U.S), Telstra Corporation Ltd (Australia) and Huawei Technologies Co. Ltd. (China).

Market Segmentation:

To generate a bird’s view of the market the global LTE for critical communication market is segmented on the basis of component, technology, end users, and region.

  • Component – hardware, software, solutions. 
  • Technology – terrestrial trunked radio (TETRA), digital mobile radio, LTE-Advanced, P25, and others.
  • End user – IT & telecommunication, government & defense, aerospace, transportation, utilities, oil & gas, and others.
  • Region – North America, Europe, Asia Pacific, and the rest of the world.

Regional Analysis:

North America commands the largest market share of the global LTE for critical communication market owing to large scale applications and faster adoption of technologies. Large demand for data due to voice, status, picture, and video transmission for public safety applications has resulted in the dominance of the U.S. in the North America market.

Europe led by Germany, the U.K. and France is anticipated to account for the second largest market. Asia Pacific region is expected to generate the fastest growth led by nations such as China, Japan and India. The Middle East and Africa market is expected to generate a moderate growth skewed in favor of the Gulf economies of Saudi Arabia and UAE. The African region is anticipated to generate the lowest market share and moderate growth owing to poor economic and political conditions.

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Intended Audience

  • LTE for critical communication companies
  • LTE for critical communication providers
  • LTE for critical communication distributors
  • Research organizations
  • Professional service providers
  • LTE for critical communication service providers
  • Research and development companies
  • Market research and consulting firms
  • Solution providers
  • Technology standards organizations
  • Technology investors
  • System Integrators

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