Professional Mobile Radio (PMR) System Market Size Share and Forecast Outlook from 2023 to 2029

CAGR of Professional Mobile Radio (PMR) System Market is expected to be 9.1% during the forecast period and the market size is expected to reach nearly US$ 39.92 Bn by 2029.


Professional Mobile Radio (PMR) System Market Overview:

The Professional Mobile Radio (PMR) System Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Professional Mobile Radio (PMR) System Market, as well as the causes for variances in the industry’s growth in various places

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Professional Mobile Radio (PMR) System Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Professional Mobile Radio (PMR) System Market Drivers:

Rising demand of improved radio communications systems for safety security of the crowdie public places is primarily responsible for the high adoption of PMR systems. Convergence of public and private long-term evolution (LTE) networks with the help of PMR technology has resulted to the growth of the global professional mobile radio market. Furthermore, increase in demand for inexpensive and reliable PMRs is anticipated to supplement the market growth during the forecast period. With technological progressions, incorporation of PMR systems with high-speed cellular networks is estimated to drive the growth of the PMR systems market. However, application of land mobile radios in different industries, mainly in military defense as well as high rate of transition of land mobile radios from analog to digital has fuelling the market growth and expected to further drive the market in forecasted time span.

On the contrary, high costs of building LMRs and spectrum bandwidth constraint hindering market growth. Additionally, growth of Internet of Things (IoT) devices is emerging as a major challenge for the growth of the market. Although, requirement of voice encryption for secure communication expected to offer huge opportunity in the forecast period. While, dynamic spectrum access opportunities for LMRs can also be foreseen as an opportunity for the growth of the market in forecasted years.

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Professional Mobile Radio (PMR) System Market Segmentation:

by Technology

Digital Technology
TETRA (Terrestrial Trunked Radio)
TETRAPOL
Project 25 (P25)
DMR (Digital Mobile Radio)
Others (NXDN, dPMR, PDT etc.)
Analog Technology

by Application

Commercial
Retail
Transportation
Utility
Mining
Others
Public Safety
Military Defense
Home Security
Emergency Medical Services
Fire Department
Others

Professional Mobile Radio (PMR) System Market Key Players: The key players are

1. Sepura PLC.,
2. Motorola Solutions, Inc.,
3. Harris Corporation,
4. Jvckenwood Corporation,
5. Tait Communications,
6. Codan Radio Communications,
7. Hytera Communications Corporation Limited,
8. Raytheon Company
9. Airbus Group
10.Thales
11.Sepura
12.Cartel Communication Systems
13.EXACOM
14.PowerTrunk
15.Simoco
16.Uniden
17.Zetron

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Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Professional Mobile Radio (PMR) System Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the Professional Mobile Radio (PMR) System Market Report are:

1. Which region has the largest share in Global Professional Mobile Radio (PMR) System Market?

2. What is the growth rate of Global Professional Mobile Radio (PMR) System Market?

3. What is scope of the Global Professional Mobile Radio (PMR) System Market report?

4. Who are the key players in Global Professional Mobile Radio (PMR) System Market?

5. What is the study period of this Market?

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