Land Mobile Radio (LMR) Systems Market- Global Industry Analysis, Size, Share, Forecast 2014-2020

The presence of several large and small players and the continuous influx of a number of new players owing to the rising demand has made the vendor landscape of the global land mobile radio market largely fragmented and highly competitive, observes Transparency Market Research in a recent report. With the view of staying ahead of competitors, companies are ploughing in more resources into innovations, refinement of products through the integration of high-speed cellular networks and other technologies, and expansion across new regional markets.

Some of the leading companies in the market are RELM Wireless Corporation, TE Connectivity Ltd., Airbus DS Communications, Motorola Solutions, Inc., Harris Corporation, Nokia Solutions and Networks, Thales Group S.A., Honeywell International, Inc., and Raytheon Company.

According to the report, the market will rise to a revenue opportunity of US$30.6 bn by 2020. If the numbers hold true, the market would have registered an impressive CAGR of 16.90% from 2014 to 2020.

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North America Remains Most Lucrative Regional Market

In terms of type, the segment of hand portable land mobile radio systems accounted for a dominant 55.9% of the overall market in 2013. This can be attributed to the vast applications of hand portable LMR systems in defense and government sectors for enabling effective communication in harsh environmental conditions. The segment is also expected to continue on a winning streak over the next few years owing to the high flexibility allowed by this type of products.