Global Land Mobile Radio Market is Expected to Grow at a CAGR of over 15.23% During 2021-2026
DUBLIN, March 1, 2022 /PRNewswire/ -- The "Global Land Mobile Radio Market (2021-2026) by Application Type, Type, Device Type, Technology Type, Frequency Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Land Mobile Radio Market is estimated to be USD 12.56 Bn in 2021 and is expected to reach USD 25.52 Bn by 2026, growing at a CAGR of 15.23%.
The Global Land Mobile Radio Market is estimated to fastest-growing market due to the growing importance of critical effective communication operations. The development in communication devices to provide seamless and interoperability communication for businesses, and increasing adoption of land mobile radios in various industries such as transportation, mining, and home security, etc., majorly in military and defense devices includes portable two-way radios like walkie-talkies are driving the growth of the market.
Additionally, the transition of land mobile radios from analog to digital and the rising demand for inexpensive and reliable land mobile radio are fuelling the market's growth. On the other hand, limitations in bandwidth and high costs associated with building portable radio are restricting growth and hampering the market.
1. Motorola Solutions, Inc acquired Openpath Security, Inc to combine the power of video security and access control and provide unprecedented situational awareness - July 13, 2021
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
For more information about this report visit https://www.researchandmarkets.com/r/bscmjn
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SOURCE Research and Markets