by Land Mobile Radio (LMR) systems, also known as police radios, are used for on-site, real-time communication by public safety agencies and private organizations. LMR systems play a vital role in enabling group communication between first responders and field personnel during emergencies and daily operations. There are various types of LMR systems such as project 25 (P25), tetra, and digital mobile radio (DMR) that provide reliable voice and data transmission in different frequency ranges. LMRs offer features like push-to-talk functionality, multi-site connectivity, interoperability with other communication networks for coordinated response. They are an essential tool for organizations managing large vehicle fleets, logistics operations and public events requiring seamless coordination.
The global Land Mobile Radio (LMR) Systems Market is estimated to be valued at US$ 23416.91 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends in the LMR systems market is the rising adoption of broadband data capabilities. Modern LMR systems are being integrated with broadband capabilities to support multimedia applications like video streaming, GIS mapping, database access, etc. This enables real-time information sharing between emergency responders. System providers are focusing on developing 3G/4G-integrated LMR solutions offering high-speed data to support advanced technologies critical for public safety operations. The deployment of broadband-enabled LMR networks will continue to grow alongside the increasing demand for integrated multi-agency networks.
Porter’s Analysis
Threat of new entrants: The Land Mobile Radio (LMR) Systems market has moderate threat of new entrants due to high initial investments required for infrastructural investments and R&D.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternate options in the market.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power as there are many suppliers in the market.
Threat of new substitutes: Threat of new substitutes is low as LMR systems provide mission critical communication requirements for various industries.
Competitive rivalry: The competitive rivalry in the market is high.
Key Takeaways
The Global Land Mobile Radio (LMR) Systems Market Size is expected to witness high growth. The global Land Mobile Radio (LMR) Systems Market is estimated to be valued at US$ 23416.91 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030.
Regional analysis related content comprises North America is currently dominating the Land Mobile Radio Systems market. The region accounts for over 30% share attributed to ongoing public safety projects in the US and growing investments in military communication systems by governments in the region. Asia Pacific is expected to witness fastest growth owing to modernization initiatives in communication infrastructure by developing countries such as India and China.
Key players related content comprises Key players operating in the Land Mobile Radio (LMR) Systems market are Tech4Imaging LLC, SGS SA, ROSEN Group, Acuren Group Inc., Olympus Corporation, Mistras Group Inc., Intertek Group PLC, Applus Services SA, Infrastructure Preservation Corporation, Bureau Veritas SA, and FLIR Systems Inc. Tech4Imaging LLC is focusing on developing advanced integrated solutions to cater to the evolving needs of industries.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
