Global Land Mobile Radio (LMR) Systems Industry

Global Land Mobile Radio (LMR) Systems Industry

  • July 2020 •
  • 352 pages •
  • Report ID: 5442605 •
  • Format: PDF
Global Land Mobile Radio (LMR) Systems Market to Reach $32.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Land Mobile Radio (LMR) Systems estimated at US$13.7 Billion in the year 2020, is projected to reach a revised size of US$32.2 Billion by 2027, growing at aCAGR of 13% over the period 2020-2027. In-Vehicle (Mobile), one of the segments analyzed in the report, is projected to record 11.7% CAGR and reach US$15.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hand Portable segment is readjusted to a revised 14.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 17.1% CAGR

The Land Mobile Radio (LMR) Systems market in the U.S. is estimated at US$3.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2027 trailing a CAGR of 16.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 11.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.We bring years of research experience to this 16th edition of our report. The 352-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Airbus DS Communications
  • Cobham AvComm
  • DAMM Cellular Systems A/S
  • EF Johnson Technologies, Inc.
  • Harris Corporation
  • Hytera Communications Corporation Ltd.
  • ICOM America Inc.
  • JVCKENWOOD USA Corporation
  • Midland Radio Corporation
  • Motorola Solutions, Inc.
  • Nokia Networks
  • PowerTrunk Inc.
  • Raytheon Company
  • RELM Wireless Corporation
  • Sepura Plc
  • Tait Ltd.
  • Thales Defense & Security, Inc.
  • Vertex Standard LMR, Inc.