Land Mobile Radio (LMR) System Market To Record Remarkable Surge Through Accruing Of USD 50.12 Bn Earnings By 2028

According to report of Zion Market Research, Land Mobile Radio (LMR) System Market industry amassed earnings worth US$ 36.87 billion in 2021 and is set to garner ROI about US$ 50.12 billion by 2028. In addition to this, Land Mobile Radio (LMR) System Market is prognosis to record CAGR of almost 17% in 2022-2028. Apparently, growth of land mobile radio (LMR) system market over forecasting period is due to escalating demand for reliable & cost-effective land mobile radio systems. In addition to this, large-scale use of these systems in myriad sectors such as transport and defense will steer expansion of land mobile radio (LMR) system industry.       Apart from this, transition from analog land mobile radios to digital ones will pave a way for progression of land mobile radio (LMR) system industry. Rise in land mobile radio systems in commercial, construction, mining, utilities, and military sectors will prop up scope of land mobile radio (LMR) system industry in ensuing years. Additionally, escalating demand for LMR systems will favorably leverage land mobile radio (LMR) market earnings.

Digital LMR System To Lead Technology Segment Over 2022-2028

Growth of segment over forecasting timeline is subject to beneficial features of digital LMR systems such as rapid voice call set-up, group calling, priority access to end-user, and high quality audio. In addition to this, digital LMR systems can be utilized to monitor crimes, natural disasters, terrorist attacks, and cybercrimes.

North American Land Mobile Radio (LMR) System Market To Expand Remarkably By 2028

Rapid expansion of land mobile radio (LMR) system market in North America over forecasting timespan is due to favorable initiatives in the U.S. along with high-speed communication services provided by government to defense personnel. Presence of giant participants in sub-continent will contribute substantially towards regional market size.

Key players profiled in report and leveraging market growth are TE Connectivity, BK Technologies, Nokia Networks, Cassadian Communications Incorporation, L3Harris Technologies, Thales Group, Motorola Solutions, Inc., Airbus DS Communications, Inc., The Raytheon Company, Honeywell International, Inc., and JVC Kenwood Holdings Inc.

Browse the full “Land Mobile Radio (LMR) System Market- By Type (Mobile LMR System and Portable LMR System), By Technology (Analog LMR System and Digital LMR System) and By End-User (Defense & Public Safety, Commercial, Transportation, and Construction): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/land-mobile-radio-lmr-system-market

The global Land Mobile Radio (LMR) System Market is segmented as follows:

By Type

• Mobile LMR System
• Portable LMR System

By Technology

• Analog LMR System
• Digital LMR System

By End-User

• Defense & Public Safety
• Commercial
• Transportation
• Construction

 By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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