Companiesandmarkets.com

Land mobile radio industry to hit $16.2 billion

Press Release   •   Aug 01, 2012 16:33 BST

The global land mobile radio industry has been forecast to hit a total market value of $16.2 billion by 2017.

Growth within the land mobile market looks set to be driven by factors such as the growing threat of natural disasters and the subsequent need for emergency communication solutions, the undying need for secure communications among government agencies, increasing investments in R&D and resulting technology improvements.

The growing awareness of land mobile radio and the benefits it can bring also bodes well for the future of the market.

Land mobile radio systems are used by public safety over more common methods of communication because the more common methods break down during a weather related disaster or a security incident.

In the past ten years the land mobile radio market has become more accessible, more standardised, and less expensive. These positive changes have allowed for the industry to expand from just public safety to also include public transportation and public utilities.

The US represents the largest region within the land mobile radio market, accounting for a majority share of the global market. This is predominantly down to the migration from analog to digital land mobile radio and the widespread availability of latest products in digital land mobile radio.

For more information on the land mobile radio market, see the latest research: Land Mobile Radio Market Report

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