Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.53 Billion | USD 47.57 Billion | 10.5% | 2024 |
The global land mobile radio (LMR) system market size was worth around USD 17.53 Billion in 2024 and is predicted to grow to around USD 47.57 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 10.5% between 2025 and 2034. The study provides assessment and analysis of the Land Mobile Radio (LMR) System Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).
Land mobile radio system is a 2-way wireless communication tool utilized for critical communications by public safety firms. Furthermore, it is massively used by terrestrial users for communicating with a base station. It consists of vehicle-mounted mobile & portable radios as well as repeaters & network infrastructure. These tools provide interoperability between various agencies, integrate voice & data solutions, and improve compatibility with current tools including marine, construction, transport, military, and defense sectors.
Land Mobile Radio (LMR) System Market: Growth Drivers
Key factors driving growth of land mobile radio (LMR) system market over next six years can be credited to LMR system integration with LTE network. In addition to this, rapid increase in mission critical communication functions undertook by myriad industries will proliferate size of land mobile radio (LMR) system industry over ensuing years. Furthermore, massive utilization of LMR tools in defense & military and transport sectors will steer expansion of land mobile radio (LMR) system industry in years to come. Apart from this, land mobile radio technologies find extensive applications in utilities, hospitality, and manufacturing sectors.
Moreover, these new solutions offer improved signal coverage, enhanced voice quality, and elongated battery life, thereby driving market trends. Additionally, LMR technologies are utilized by fire agencies, law enforcement firms, ambulatory service providers, and paramedics. This will steer growth of land mobile radio (LMR) system industry. Surging demand for cost-efficient and reliable land mobile radio systems across globe will prop up progression of land mobile radio (LMR) system industry space.
Report Attributes | Report Details |
---|---|
Report Name | Land Mobile Radio (LMR) System Market |
Market Size in 2024 | USD 17.53 Billion |
Market Forecast in 2034 | USD 47.57 Billion |
Growth Rate | CAGR of 10.5% |
Number of Pages | 181 |
Key Companies Covered | BK Technologies, L3Harris Technologies, Thales Group, Motorola Solutions Inc., Cassadian Communications Incorporation, Airbus DS Communications Inc., TE Connectivity, Honeywell International Inc., The Raytheon Company, Nokia Networks, JVC Kenwood Holdings, and others. |
Segments Covered | By Type, By Technology, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Land Mobile Radio (LMR) System Market: Segmentation
Some of the key applications of the Land mobile radio system include military, commercial, construction, transportation, and others. Military application segment held the largest market share for the LMR system in 2015, which accounted for 36% market share of total market. It is followed by commercial, construction and transportation segments.
Based on technology, the land mobile radio systems market is segmented as analog and digital. Analog segment is one of the leading segments of land mobile radio system market. Digital segment is another key outlet of the market and expected to exhibit significant growth within the forecast period. Different standards involved in the land mobile radio are P25, terrestrial trunked radio, digital mobile radio, and others.
Land Mobile Radio (LMR) System Market: Regional Landscape
Asia Pacific Land Mobile Radio (LMR) System Market To Register Remarkable Growth Over 2022-2028
Expansion of land mobile radio (LMR) system market in Asia Pacific over forecasting timeline is subject to massive use of high-speed communication services in region. In addition to this, huge demand for enhancing efficiency of critical mission functions will provide new growth opportunities for land mobile radio (LMR) system industry in Asia Pacific. Presence of giant manufacturers in region will boost regional market size.
Land Mobile Radio (LMR) System Market: Competitive Landscape
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the land mobile radio (LMR) system market on a global and regional basis.
Key participants profiled in report and influencing growth of land mobile radio (LMR) system industry are
Report Scope:
The global Land Mobile Radio (LMR) System Market is segmented as follows:
By Type
By Technology
By End-User
By Region
FrequentlyAsked Questions
The global land mobile radio (LMR) system market is expected to grow due to increasing demand for reliable communication in public safety, defense, and industrial sectors, advancements in LMR technology, the need for secure and real-time communication systems, and the growing adoption of digital LMR solutions.
According to a study, the global land mobile radio (LMR) system market size was worth around USD 17.53 Billion in 2024 and is expected to reach USD 47.57 Billion by 2034.
The global land mobile radio (LMR) system market is expected to grow at a CAGR of 10.5% during the forecast period.
North America is expected to dominate the land mobile radio (LMR) system market over the forecast period.
Leading players in the global land mobile radio (LMR) system market include BK Technologies, L3Harris Technologies, Thales Group, Motorola Solutions Inc., Cassadian Communications Incorporation, Airbus DS Communications Inc., TE Connectivity, Honeywell International Inc., The Raytheon Company, Nokia Networks, JVC Kenwood Holdings, among others.
The report explores crucial aspects of the land mobile radio (LMR) system market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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