Market Highlights:
Market Research Future (MRFR)’s report reveals that the global public safety LTE market is likely to remain highly lucrative in the foreseeable future. It is projected to strike a CAGR of 22.07% during the forecast period 2018 to 2025. The valuation of the market is expected to reach USD 3,246.5 Mn over 2025. Public safety is a crucial concern for the governments which has intensified the demand for public safety LTE technology. The efficiency of LTE solution in responding to an emergency is likely to catapult the public safety LTE market on the trajectory of growth.
Technological innovations such as the introduction of LTE-advanced has paved the way for accelerated adoption of the technology to ensure public safety. In addition, the rapid urbanization has further generated demand for the safety of life and property. It has led to an upsurge in demand for remote surveillance and unmanned operations, thus, favoring the expansion of the global market. However, the widespread dependency on traditional legacy systems is likely to hinder the growth of the public safety LTE market through the projection period.
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Major Key Companies:
- AT&T Inc.,
- Telefonaktiebolaget LM Ericsson,
- Cisco Systems, Inc.,
- Samsung Electronics,
- Bittium,
- Nokia Corporation,
- Cobham PLC,
- Motorola Solutions,
- Airbus SE,
- General Dynamics Corporation.
This MRFR report covers historical trends, market dynamics, forecast, key players’ market share analysis, and market factor analysis that includes supply chain analysis and Porter’s five forces analysis. The report also includes the value of the global public safety LTE market by region as well as segmentation and a country-level analysis for each segment.
Market Segmentation:
This MRFR report offers a detailed segmental analysis of the global public safety LTE market based on product and application. By product, the market is segmented into private LTE, commercial LTE, and hybrid LTE. Among these, the commercial LTE segment had the largest customer base in 2017 and was valued at USD 278.8 Mn. The segment is projected to expand at a relatively higher CAGR of 24.7% over the assessment period reaching a valuation of 1134.6 Mn by 2025-end. Meanwhile, the private LTE segment is expected to get hold of the maximum market share in the foreseeable future. The segment is estimated to be valued at USD 1222.9 Mn towards the end of 2025.
By application, the global public safety LTE market has been segmented into law enforcement and border control, emergency medical services, firefighting services, and disaster management. Among these, the law enforcement & border control segment held the maximum share of the global public safety LTE market in 2017. It is forecasted to value at USD 1036.1 Mn by the end of 2025 striking a CAGR of 21.4% during the projection period. Meanwhile, the disaster management segment is poised to expand at the highest CAGR of 24.93% during the review period. It is also estimated to emerge as the largest segment valuing at USD 1190.8 Mn by the end of 2025.
Regional Analysis:
The global public safety LTE market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Among these, Europe is expected to hold the maximum share of the global market and emerge as the fastest growing regional market over the assessment period. The valuation of the market is projected to grow from USD 278.5 Mn in 2017 to USD 1511.6 Mn by the end of 2025. It is poised to strike a CAGR of 24.15% over 2025.
North America is poised to secure the second spot in the global public safety LTE market through the forecast period. The region is conducive to growth and is presumed to thrive at a strong CAGR of 23.99% in the foreseeable future.
Asia Pacific resonates strong growth opportunities and is anticipated to expand at a healthy growth rate. The public safety LTE market in the region is forecasted to reach a valuation of USD 502.6 Mn by the end of 2025 from USD 145.3 Mn in 2017. China is prognosticated to become a major country-level market responsible for expediting the expansion of the global market.
The Rest of the World is expected to command the least share of the global public safety LTE market. It has been estimated to thrive at a CAGR of 10.04% throughout the projection period. The Middle East & Africa is expected to drive the growth of the regional market in the upcoming years.
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Intended Audience
- Research organizations
- Professional service providers
- Public safety LTE service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
List of Tables
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 GLOBAL PUBLIC SAFETY LTE MARKET, BY PRODUCT, 2013–2025 (USD MILLION)
TABLE 4 GLOBAL PUBLIC SAFETY LTE MARKET, BY APPLICATION, 2013–2025 (USD MILLION)
TABLE 5 GLOBAL PUBLIC SAFETY LTE MARKET, BY REGION, 2013–2025 (USD MILLION)
TABLE 6 NORTH AMERICA: PUBLIC SAFETY LTE MARKET, BY COUNTRY, 2017–2025
TABLE 7 NORTH AMERICA: PUBLIC SAFETY LTE MARKET, BY PRODUCT, 2013-2025
Continued……
List of Figures
FIGURE 1 GLOBAL PUBLIC SAFETY LTE, MARKET OUTLOOK 2013-2025
FIGURE 2 GLOBAL PUBLIC SAFETY LTE MARKET: MARKET STRUCTURE
FIGURE 3 GLOBAL PUBLIC SAFETY LTE REVENUE (USD MILLION) COMPARISON, BY REGIONS
FIGURE 4 GLOBAL PUBLIC SAFETY LTE MARKET GROWTH RATE, BY REGION
Continued……
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