According
to a new market report published by Lucintel, the future of the European land mobile
radio (LMR) market looks promising with opportunities in the public safety,
transportation, retail, construction, private security, and public utilities sectors.
The European LMR market is forecast to reach $2.8 billion by 2025 with a CAGR
of 4.3% from 2020 to 2025. The major drivers for this market are increasing
need for secure and effective critical communication and increasing demand for
LMRs in the transportation, public utility, and industrial sectors.
In this market, digital (TETRA, DMR, P25,
and others) and analogue mobile radios are used for wireless communication in
various end use industries. Lucintel forecasts that digital LMR technology will
remain the largest segment, and it is also expected to witness the highest
growth over the forecast period due to the shift from analog to digital technology and
increasing deployment of TETRA technology due to its fast call set-up, group
calls, and direct mode communication advantages.
Within this market, LMRs for public
safety will remain the largest end use industry due to the increasing adoption
of LMRs in critical communication in police departments and emergency services,
such as fire department, paramedics, and others. Lucintel forecasts that the
use of LMRs in the commercial market is expected to witness the highest growth
over the forecast period due to the increasing demand for LMRs in
transportation, public utilities, construction, retail, private securities, and
others.
An emerging trend which has a direct impact on the dynamics of the industry,
includes growing inclination towards LTE integrated LMR system. Motorola, Hytera,
Airbus (Secure Land Communication), JVC Kenwood Corporation, Thales, Harris
Corporation, and Simoco Wireless Solutions are among the major LMR manufacturers.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities in the European LMR market by end use industry, technology, product,
offering, and country. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the European LMR Market
2020-2025: Trends, Forecast, and Opportunity Analysis”. This
Lucintel report serves as a catalyst for growth strategy, as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes trends and forecast for the European LMR market by end use
industry, application, technology, offering, and country as follows:
By End Use Industry [$M and thousand units shipment analysis for 2014 – 2025]:
·
Public
Safety
o
Military
and Defense
o
Other
Public Safety
·
Commercial
o
Transportation
o
Retail
o
Construction
o
Public
utilities
o
Private
Security
o
Others
By Technology [$M
and thousand units shipment analysis
for 2014 – 2025]:
·
Analogue
·
Digital
o
TETRA
o
DMR
o
P25
o
Others(NXDM,
DPMR, etc)
By Product [$M
and thousand units shipment analysis
for 2014 – 2025]:
·
Hand
Portable
·
In-Vehicle
By Offering [$M
and thousand units shipment analysis
for 2014 – 2025]:
·
Hardware
·
Solution
By Country [$M
and thousand units shipment analysis
for 2014 – 2025]:
·
Germany
·
Italy
·
Spain
·
United
Kingdom
·
France
·
Other
European Countries
This 132 pages research report will
enable you to make confident business decisions in this globally competitive
marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or visit us at helpdesk@lucintel.com. Lucintel offerings
include Telecommunication Report, Telecommunication Market Report, Market Research Report, Capital Investment Feasibility and SWOT
Analysis.
About Lucintel
Lucintel, the premier
global management consulting and market research firm, creates winning
strategies for growth. We offer market assessments, competitive analysis,
opportunity analysis, growth consulting, M&A, and due diligence services to
executives and key decision makers in a variety of industries. For further
information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q.1 What are some of the
most promising potential, high-growth opportunities for the European LMR market
by end use (commercial, and public safety), technology (analogue, and digital),
offering (hardware and solution), product (hand portable, in-vehicle) and country?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 Which countries will
grow at a faster pace and why?
Q.4 What are the key
factors affecting market dynamics? What are the drivers and challenges of the European
LMR market?
Q.5 What are the business
risks and threats to the European LMR market?
Q.6 What are emerging
trends in the European LMR market and the reasons behind them?
Q.7 What are some changing
demands of customers in the European LMR market?
Q.8 What are the new
developments in the European LMR market? Which companies are leading these
developments?
Q.9 Who are the major
players in the European LMR market? What strategic initiatives are being
implemented by key players for business growth?
Q.10 What are some of the
competitive products and processes in the European LMR market, and how big of a
threat do they pose for loss of market share via technology or product
substitution?
Q.11 What M&A
activities did take place in the last five years in the European LMR market?
No comments:
Post a Comment