Land Mobile Radio Market is expected to reach US$ 13.9 billion by 2030

Rising Importance of Effective Critical Communication Operations Drives Land Mobile Radio Market Growth

According to our latest study on “Land Mobile Radio Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type, Technology, Frequency, and Application,” the land mobile radio market size is expected to reach US$ 13.9 billion by 2030 from US$ 6.9 billion in 2022, with an estimated CAGR of 9.0% from 2022 to 2030.

Land Mobile Radio Market – by Region, 2022 and 2030

Land mobile radio (LMR) technology has evolved over time from traditional analog voice service (such as two-way communications) to complex systems with trunking and digital capabilities. With an increase in crime, terrorism, and natural disasters, industries are required to adopt new technologies to enable rapid and effective real-time reactions. Effective communication is critical for public safety responders who must keep connected with one another at the control center while also acquiring situational information in real time when reacting to situations. With increasing security threats and demands for greater efficiency, cross-agency coordination, and better information sharing, the development of efficient public safety communications networks has emerged as a top priority for organizations. Looking at the scope and demand, major global land mobile radio market players are expanding in several regions across the world. In August 2022, Motorola acquired Barrett Communications Pty Ltd, a global provider of specialist radio communications, for US$ 18 million. This acquisition adds to the company's current radio portfolio, enabling it to leverage high-frequency and very high-frequency radio communications to support mission-essential activities. Such trends are fueling the land mobile radio market growth.

The land mobile radio market is segmented on the basis of type, technology, frequency, and application. Based on type, the land mobile radio market is bifurcated into handheld and in-vehicle. By technology, the land mobile radio market is segmented into analog and digital. The market for the digital segment is further segmented into TETRA, DMR, P25, and others. Based on frequency, the land mobile radio market is segmented into 25–174 VHF, 200–512 UHF, and 700 MHz and above. Based on application, the land mobile radio market is segmented into commercial, industrial, public safety & government, and military. By region, the land mobile radio market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Impact of COVID-19 Pandemic on Land Mobile Radio Market Growth

The COVID-19 pandemic had short- and long-term impacts on the global land mobile radio market size. During the initial phase of the pandemic, many industrial facilities and manufacturing plants had to shut down or operate at reduced capacity due to lockdowns and restrictions. Therefore, the demand for land mobile radio solutions was decreased as businesses focused on cost-cutting measures and maintaining essential operations. The COVID-19 pandemic also led to notable disruptions in global supplies, adversely affecting the production and delivery of land mobile radio systems. Many organizations and government agencies postponed planned installations and upgrades of land mobile radio systems due to the uncertainty caused by the pandemic. Budget and shifting priorities during the pandemic crisis negatively impacted investment decisions. All these factors hampered the global land mobile radio market size growth. As the world is recovering from the COVID-19 pandemic aftermath and the situation becomes normal, the adoption of land mobile radio systems has exceeded the pre-COVID-19 levels since the pandemic underscored the importance of reliable communication networks, especially in times of crisis. Organizations and governments will emphasize communication resilience and preparing for future emergencies or crises, thus driving the adoption of advanced land mobile radio systems globally.

L3Harris Technologies Inc, Motorola Solutions Inc, Tait Communications Ltd, Thales SA, Simoco Wireless Solutions Ltd, JVCKENWOOD Corp, BK Technologies Corp, Hytera Communications Corp Ltd, Icom Inc, and Sepura Ltd are among the key players that are profiled during this market study. In addition to these companies, various other essential land mobile radio market players were explored and analyzed to get a holistic view of the global land mobile radio market and its ecosystem.

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