Huge Growth for Public Safety LTE Market led by Hybrid LTE Deployment Model

According to the latest report of ReportsnReports, the public safety LTE market is expected to grow at a CAGR of 25.7% and is expected to be valued at USD 782.9 million in 2017 and is projected to reach USD 3,091.3 million by 2023, growing at a CAGR of 25.7% between 2017 and 2023.

Government initiatives toward public safety, interoperability concerns, and rising demand for unmanned operations and remote surveillance is driving the public safety LTE market for infrastructure and services.

The key restraining factor for the growth of the public safety LTE market is the limited availability of spectrum. For communication purposes, the usable frequency spectrum extends from ~3 kHz to ~300 GHz only.

The public safety LTE market for end-use devices is projected to grow at the highest CAGR during the forecast period. The high growth rate can be attributed to the demand for end-use devices arising from the implemented public safety LTE networks during the forecast period. Interoperable devices will rule the market for at least a decade. Companies manufacturing end-use devices that are interoperable with LMR or TETRA network will be benefitted the most.

IHS Markit Public Safety Report

The report (134 pages) can be purchased ReportsnReports for $5650, however you might want to wait purchasing this report, as yet another report, put together by Jesus M. Gonzalez, Analyst, Security Technology at IHS Markit, will be published within a couple of days. 

This IHS Markit 2017 "Critical Communications Broadband" research will take a deep dive into the infrastructure, services and devices that will enable new forms of communication for mission critical users and tend to be very compehensive.