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Global Land Mobile Radio (LMR) Systems Market Expected to Reach USD 30.06 Billion in 2020(GlobeNewswire Via Acquire Media NewsEdge) Albany, NY, Oct. 30, 2014 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Land Mobile Radio (LMR) Systems (TETRA, Project 25, dPMR, DMR, and TETRAPOL) Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014" the global LMR systems market was valued at USD 10.57 billion in 2013. The market, on the basis of types, is segmented into hand portable and mobile (vehicular) LMR systems. On the basis of applications, the market is segmented as military, commercial, construction, transportation and others. The military applications segment was the largest contributor and accounted for 36.1% of the global LMR systems revenue in 2013. However, commercial application segment is expected to record highest growth rate during the forecast period, 2014 - 2020. The growth is mainly driven by the rising adoption of LMR systems by the small, medium and large scale business organization for streamlining their business operations. Moreover, the transportation applications of the LMR systems are expected to drive this market in the long run as government of several countries are focusing on streamlining the traffic control operations with 100% interoperability and coordination within the public transport. Browse the fullGlobal Land Mobile Radio Systems Marketat http://www.transparencymarketresearch.com/land-mobile-radio-systems.html The LMR systems market is expected to be dominated by digital LMR systems in 2020, with demand largely driven by growing transformation of communication technologies from analog to digital. The digital technologies are further classified as terrestrial trunked radio (TETRA), Project 25 (P25), digital private mobile radio (dPMR), digital mobile radio (DMR) and TETRAPOL. Of these, the TETRA and P25 digital technologies are expected to contribute highest revenue in 2013, and retain their leading position throughout the forecast period. This is due to their advance features such as encryption capabilities and interoperability with LTE networks. However, in 2013, analog LMR systems dominated the market, due to, large product offerings as these radios have been around for a longer time, and are expected to be overtaken by digital LMR systems only by 2020. Hand portable LMR systems dominated the market in terms of revenue share in 2013 and are expected to see stable growth throughout the forecast period. This is attributed to their durability in harsh environments and wide usage of digital and encrypted hand portable land mobile radios in enterprises and construction sectors. Moreover, the demand for hand portable LMR systems is expected to increase further with rise in mining activities, especially across countries such as, Chile, Peru, South Africa, Zambia and DR Congo. For further inquiries, ask here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1252 Geographically, North America was the largest market for LMR systems, in 2013, closely followed by Europe. However, with the increasing demand for LMR systems in Europe it is expected that by 2020 Europe will be the leading revenue contributor, followed by Asia Pacific. This is due to the rising adoption of LMR systems by government sector and construction industry in Europe. Asia Pacific is expected to show the fastest revenue growth, with demand primarily driven by fast expanding automotive sector in countries such as India and China. In addition, the developing trade environment in these countries is supporting the growth of logistic, which in turn presents opportunities for growth in transport applications. The global LMR systems market is highly consolidated, with top three players accounting for near about two-third of the global market revenue. The major industry participants include Raytheon Company, Cassidian Communications, Harris Corporation, Motorola Solutions, Inc., TE Connectivity Ltd., JVC KENWOOD Holdings, Inc. (Kenwood Communications), Relm Wireless Corporation, Thales Group and Nokia Networks. Among these, Motorola Solutions, Inc. dominated the market followed by Harris Corporation. Motorola Solutions, Inc. contributed approximately 50% of the global revenue generated in 2013 by LMR systems. Related & Recently Published Report by Transparency Market Research Wearable Technology Market: http://www.transparencymarketresearch.com/wearable-technology.htmlDistributed Control Systems Market: http://www.transparencymarketresearch.com/distributed-control-systems-market.htmlCurved Televisions Market: http://www.transparencymarketresearch.com/curved-televisions-market.htmlThe report studies the global LMR systems market and provides market estimates and forecast in terms of revenue (USD Billion) for the period 2012 to 2020. Market estimates are provided on the basis of type of LMR systems, their applications and technology used across each geographic section. The market has been segmented as follows: Land Mobile Radio Systems Market, by Type Hand PortableMobile (Vehicular)Browse Press Release ofGlobal Land Mobile Radio Systems Market: http://www.transparencymarketresearch.com/pressrelease/land-mobile-radio-systems.htm Land Mobile Radio Systems Market, by Technology AnalogDigitalTETRAProject 25 (P25)dPMRDMRTETRAPOLLand Mobile Radio Systems Market, by Applications MilitaryCommercialConstructionTransportationOthersLand Mobile Radio Systems Market, by Geography North AmericaEuropeAsia PacificRest of the World (RoW)About Us Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. More Links: https://smartwatchesmarket.wordpress.com https://www.linkedin.com/today/post/article/20141030090221-73190868-smart-watches-market-global-segment-and-forecasts-up-to-2020 http://marketresearchreport.edublogs.org/ CONTACT: Ms. Sheela AK 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Source: Transparency Market Research 2014 GlobeNewswire, Inc. |