Information Technology
Land Mobile Radio Market worth $32.24 billion by 2030 - Exclusive Report by MarketsandMarkets™
By type, the hand-portable segment is projected to witness a higher CAGR than the in-vehicle (mobile) segment during the forecast period. An increase in the need for compact-sized, featherweight, and portable means of communication in the public safety and business sectors has led to the growth of the segment. This growth can also be attributed to the versatility and mobility of hand-portable systems. These characteristics make these systems suitable for various operations in the field.
By technology, the digital segment is projected to lead the land mobile radio market during the forecast period. This growth can be attributed to the increasingly widespread use of digital radios by commercial enterprises and public safety agencies. These agencies are adopting advanced systems to enable themselves to make better decisions. The growth of the segment can also be attributed to the superior aspects of digital radio technology. Some of these aspects include voice quality improvements and better safety measures in broadcasting places.
By frequency, the 700 MHz & above segment is projected to achieve the highest CAGR during the forecast period. This growth is primarily due to the band's long-range capability, which enables operators to broadcast over extended distances. Additionally, this frequency range offers better signal penetration and coverage, making it ideal for reliable, long-distance communication in critical situations. Moreover, the shift to digital communication and the growing demand for interoperable communication systems among various agencies are further boosting the adoption of this frequency band.
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North America is projected to dominate the land mobile radio industry during the forecast period, driven by a significant focus on public safety and emergency services. Motorola Solutions, Inc. (US), and L3Harris Corporation, Inc. (US), are among such key firms in North America . Additionally, the technological improvements and existing players in the region have fostered stability and expanded the market. For example, Project 25 is extensively utilized across North America by federal, state, and municipal public safety agencies to facilitate communication with other agencies and mutual aid response teams during emergencies. Consequently, there is a high demand for Project 25 land mobile radios in North America .
Leading players in the land mobile radio companies include Sepura Limited (UK), Motorola Solutions, Inc. (US), L3Harris Technologies, Inc. (US), JVCKENWOOD Corporation ( Japan ), Thales ( France ), Icom Inc. ( Japan ), BK Technologies (US), Hytera Communications Corporation Limited ( China ), Leonardo S.p.A. ( Italy ), and Codan Limited ( Australia ), among others.
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