The Land Mobile Radio (LMR) Market is being driven by Growing significance of efficient critical communication operations
The Land Mobile Radio (LMR) Market is expected to grow at a CAGR of 21.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 49271.3 million. The Land Mobile Radio (LMR) market is undergoing substantial transformation in 2024, with digital radios gaining prominence over traditional two-way analog systems. Since the 1990s, military services have predominantly utilized analog radios. However, the shift towards digital LMRs is accelerating due to their superior functionalities and benefits. Digital radios provide clearer voice transmission, eliminate background noise, and maintain consistent voice quality within the LMR range. Moreover, they offer advanced features such as GPS, data tracking, simultaneous conversations, text messaging, and emergency alarms. In 2024, the market is witnessing further digital evolution, with hybrid LMR-LTE systems gaining popularity, offering the benefits of both digital and LTE technologies.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
244 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21.1% |
Market growth 2025-2029 |
USD 49271.3 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
7.1 |
Key countries |
US, China, Germany, Japan, UK, India, Canada, France, South Korea, and Mexico |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Land Mobile Radio (LMR) market encompasses various radio solutions and systems for both voice and data communication. These radio networks and infrastructures cater to various sectors including critical, mission-critical, emergency, public safety, enterprise, industrial, and wireless communication. Radio technology innovation drives deployments of these systems, prioritizing performance, reliability, security, and integration. Services such as maintenance, upgrades, management, consulting, training, licensing, and compliance are integral to the LMR market.
The Land Mobile Radio (LMR) market encompasses the provision of two-way radio communication solutions for business operations. This includes mobile radios for in-vehicle use and portable radios for on-the-go communication. The global media and entertainment industry, which includes LMR, is a significant market with substantial revenue generation. According to Technavio, this market size is calculated by combining the revenues of device manufacturers, software, services, and solution providers. Key sectors contributing to this industry are advertising agencies, broadcasting services, cable and satellite television providers, and publishing companies. These entities offer services ranging from content creation to distribution via various electronic media.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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