Land Mobile Radio Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Digital, Analog), By Industry (Military And Defense, Aviation, Mining, Marine, Others), And By Geography - Forecasts From 2021 To 2026

The land mobile radio market is projected to witness a CAGR of 14.19% during the forecast period to reach a total market size of US$33.764 billion by 2026, increasing from US$13.337 billion in 2019.

Land Mobile Radio (LRM), is a two-way radio transceiver communication system that uses push-to-talk technology. This can occur in a number of mediums, including portable, vehicle-mounted, and fixed bases. LMR is a key mode of communication for various businesses, allowing for secure and instant continuous contact.

Increased demand for dependable and cost-effective LMR systems, as well as increased applications in major industries such as transportation and military & defense, an increase in the transition of land mobile radios from analog to digital, and an increase in market research and development activities, are all critical factors accelerating market growth. Furthermore, technical improvements and the modernization of manufacturing processes, as well as an increase in demand from emerging countries, would provide new market opportunities.

However, constraints such as restricted channel capacity, complexity in deployment, frequency spectrum scarcity, and high manufacturing and setup costs are limiting market expansion.

Growth Factors:

• Growing application in military and defense sector:

Law enforcement and emergency responders in the military and defense sectors are increasingly using LMR systems to provide rescue services during natural disasters, terrorist attacks, and other emergencies. Abiom, for instance, has deployed a considerable number of radios by November 2019, including 57,000 hand-portable terminals and 10,000 SRG3900 mobile radios for public safety vehicles to replace Dutch National Police TETRA radio terminals. Abiom was also granted a contract to deliver over 400 specialized Intrinsically-Safe radios, which are utilized by emergency responders in hostile situations. Law enforcement organizations may use mission-critical communication and intelligence to broadcast video, access data, and collaborate in real-time. The integration of voice communications, data applications, and command centers in an LMR system allow responders to enhance real-time decision-making abilities, which has increased its demand in the defense sector.

Restrains:

• High initial cost and power consumption:

LMR equipment offers one of the best coverage for any wireless communications technology, but it comes at a cost. LMR systems are notorious for having high initial costs. In other cases, the initial expenses do not even include the cost of equipment and only comprise the cost of using the service. When the cost of equipment is included, the prices can quickly skyrocket. Furthermore, high-power mobile radios require a lot of power and, as a result, have large batteries. ore battery power is required to transmit across large distances for extended periods of time.

Impact of Covid-19 on the Land Mobile Radio Market

The Land Mobile Radio market is undergone massive changes due to the COVID-19 pandemic. The majority of industries throughout the world have been adversely affected. This is due to production and supply-chain disruptions caused by various precautionary lockdowns and other restrictions imposed by regulatory bodies throughout the world. However, when the mandated lockdowns are lifted, the market is expected to recover.

Key Developments:

• September 2021 - Pryme demonstrated its new PrymeMAX portfolio of industrial-grade accessories that are adaptable enough to function with both LMR phones and LTE devices that provide push-to-talk-over-cellular (PoC) services and will be sold at a cheaper price than equivalent LMR accessories offered by the company.
• September 2021 - Anterix and Evergy signed an agreement that will allow Evergy to use 900 MHz broadband spectrum by Anterix throughout Evergy's 28,130-square-mile service region in Kansas and Missouri.

Land Mobile Radio Market Scope:

Market Segmentation

• By Type
  • Digital 
  • Analog 
• By Industry
  • Military and Defense
  • Aviation
  • Mining
  • Marine
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
    • Others
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Russia
    • France
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the land mobile radio market size by 2026?
A1. The land mobile radio market is projected to reach a market size of US$33.764 billion by 2026.

Q2. What is the size of the global land mobile radio market?
A2. Land Mobile Radio Market was valued at US$13.337 billion in 2019.

Q3. What are the growth prospects for the land mobile radio market?
A3. The land mobile radio market is projected to witness a CAGR of 14.19% during the forecast period.

Q4. What factors are anticipated to drive the land mobile radio market growth?
A4. Increased demand for dependable and cost-effective LMR systems, as well as increased applications in major industries such as transportation and military & defense, are the major factors accelerating land mobile radio market growth.

Q5. How is the global land mobile radio market segmented?
A5. The global land mobile radio market has been segmented by type, industry, and geography.