The land mobile radio market (LMR) is expected to grow from USD 9.35 billion in 2016 to USD 20.82 billion by 2022, growing at a CAGR of 14.3% between 2016 and 2022. The growth of this market is propelled by the growing significance of efficient critical communications, transition of communication devices from analog to digital, and high demand for inexpensive and reliable land mobile radios.
Land mobile radios are two-way communication devices used between two or more user groups. These are developed primarily to provide maximum interoperability and seamless communication for businesses that need critical communication 24×7. These devices operate wirelessly on specified frequencies designed for terrestrial users. Different types of LMR products have different frequency ranges specified with access in the respective band range. LMRs were considered as a breakthrough in the radio industry and they serve as a reliable source of communication. Many applications (such as the commercial and public safety) make use of land mobile radio systems as a primary means of communication. This report analyzes the land mobile radio market segmented on the basis of type, technology, frequency, application, and geography.
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The hand portable segment led the global market in terms of market share in 2015. As hand portable land mobile radios are handy and easy to use, they account for the largest market share. Handheld land mobile radios are mainly used for group call communications and are also known as Professional Mobile Radio (PMR) or two-way wireless radios. Portable two-way radios are often called walkie-talkies or handie-talkies.
The market for digital technology will likely hold a larger market size by 2022 due to the presence of advanced technologies such as TETRA, which provide features such as group chats, enhanced voice clarity, higher quality coverage, longer battery life, and availability of customized software applications. Land mobile systems are witnessing a shift from analog to a variety of digital formats, such as TETRA, DMR, P25, and others-including dPMR, NXDN, and TETRAPOL.
The market for 700 MHz and above land mobile radio frequency is expected to hold a major share and grow at a high rate during the forecast period. The frequency band 700 MHz and above has long-range capability, which allows operators to broadcast over a greater range.
North America is expected to lead the overall market between 2016 and 2022. The high adoption of technologically advanced land mobile radios, and extensive research and development activities in the region are propelling the growth of the land mobile radio market in this region. The presence of major regulatory bodies, research institutes, and companies in this region are some the other factors driving market in this region. The land mobile radio market in APAC is expected to witness the highest growth rate during the forecast period. The use of land mobile radios in the commercial sector, mainly in transportation and utility applications, is the major factor driving the growth of the market in the APAC region.
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