Land Mobile Radio Systems Market Set for Strategic Business Growth
United States/WA: The global land mobile radio (LMR) systems market is estimated to account for US$ 145.6 Bn in terms of value by the end of 2027.
Report Pages:[150 Pages]
A land mobile radio system usually consists of two-ways radio transmitters (usually a repeater and a dedicated station), an indoor base station, and outdoor channels. The transmitters are installed in a vehicle on a permanent basis, while the bases are usually temporary installations held in place by screws or clamps. Most permanently installed base stations have at least three channels, whereas, most portable installations have two channels.
A land mobile radio system offers the convenience of voice communication without the bulky, unsightly, and costly handheld transmitters of earlier models. The system operates by allowing each channel to be independently controlled by a user with a handheld transmitter. By simultaneously pressing and holding the transmitters’ transmitter button, users can adjust each channel up or down and receive only the channels that are activated by the user. Thus, by simply pressing a button a multitude of channels can be activated with the Land Mobile Radio System.
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Competitive Analysis
Major players operating in land mobile radio (LMR) systems market include, Motorola Solutions, L3Harris Technologies, Inc. Astronics Corporation, Thales Group, JVCKENWOOD Corporation, Raytheon Technologies Corporation, and Anritsu Company
Major players operating in the land mobile radio (LMR) systems market are focused on launching new products to expand their product portfolio. For instance, in September 2020, Motorola Solutions launched the next generation of mission-critical radio technology and performance with CirrusCentral Core, a cloud-based secondary core for ASTRO 25 P25 land mobile radio (LMR) systems.
Market Dynamics
Launch of new products is expected to propel growth of the land mobile radio (LMR) systems market. For instance, in March 2020, Astronics Corporation launched the Freedom R8200 Communications System Analyzer, a next-generation land mobile radio (LMR) test instrument for public safety, maritime, commercial, and critical infrastructure communications systems.
Increasing investment in the military and defense sector is expected to offer lucrative growth opportunities for players in the land mobile radio (LMR) systems market. For instance, in March 2019, China’s Ministry of Finance announced a yearly budget of US$ 177.5 billion for the defense sector compared to US$ 167.4 billion in 2018.
However, high cost involved in installation and maintenance is expected to hinder growth of the land mobile radio (LMR) systems market. Emergence of COVID-19 is also expected to limit growth of the market.
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