Significant growth in global public safety LTE critical communications industry
The public safety LTE communications market worldwide is projected to grow by US$3.8 Million, guided by a compounded growth of 25.9%. Staying on top of trends is essential for decision makers to leverage this emerging opportunity. The report addresses this very need and provides the latest scoop on all major market segments. E-UTRAN ( he air interface of 3rd Generation Partnership Project (3GPP) Long Term Evolution (LTE) upgrade path for mobile networks) one of the segments analyzed and sized in this study, displays the potential to grow at over 26.3%.
While global megatrends sweeping through the market influence the primary direction of growth, regional markets are swayed by more granular locally unique business drivers. Representing the developed world, the United States will maintain a 31.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$310.2 Thousand to the region’s size and clout in the next 5 to 6 years. Over US$209.4 Thousand worth of projected demand in the region will come from other emerging Eastern European markets. In Japan, E-UTRAN will reach a market size of US$125.2 Thousand by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 23.9% over the next couple of years and add approximately US$598.8 Thousand in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.