Land Mobile Radio (LMR) systems market to grow at a CAGR of 11.8% during the forecast 2017 - 2025

Source: researchandmarkets

According to researchandmarkets in a new report, the global land mobile radio systems market is highly consolidated and concentrated across different vertical markets, especially public safety and military. The top four manufacturers accounted for over 60 percent of the global market revenue share in 2014. Motorola Solutions Inc., Harris Corporation, Raytheon Company, Thales Group S.A., and JVC Kenwood Corporation are identified as the leading land mobile radio system manufacturers while other players including Cassadian Communications, Inc. (Airbus DS Communications, Inc.), Relm Wireless Corporation, Hytera Communications, Nokia Networks B.V., TE Connectivity Ltd., and Tait Radio Communications have been marked as promising and emerging players in the land mobile radio industry. Developing LTE-integrated land mobile radio systems/units is expected to be the future market strategy for the players in the market

Key trends identified by researchandmarkets are; a shift from analog LMR systems to digital LMR Systems, the escalating demand for portable land mobile radio units and compliance with Terrestrial Trunked Radio (TETRA) and the Project25 standard.