Albany, NY -- (SBWIRE) -- 07/13/2015 -- Rising significance of efficient mission-critical operations has fueled the demand for land mobile radio (LMR) systems, states Transparency Market Research in its latest report. The study, titled "Land Mobile Radio Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020", indicates that at a 16.9% CAGR from 2014 to 2020, the global LMR systems market is poised to expand from US$10.57 billion in 2013 to US$30.6 billion by 2020.North America is the dominant regional segment of the global land mobile radio systems market. However, rising demand for LMR systems from the construction and government sectors is likely to make Europe the leading revenue generator by 2020. Asia Pacific, on the other hand, will be the fastest developing segment thanks to growth of the automotive industry in China and India.

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On the basis of type, the land mobile radio systems market is fragmented into mobile (vehicular) LMR systems and hand portable LMR systems. Growing applications of hand portable LMR systems in construction activities, mining, and corporate use have made this segment the dominant one. In terms of revenue, the hand portable LMR system held a 55.9% share of the land mobile radio systems market in 2013. By technology, the market for LMR systems is segmented into digital and analog. The analog segment dominated the overall market in 2013 owing to their presence in the market over a longer period of time and large product offerings. However, digital LMR systems are anticipated to surpass analog LMR systems by 2020, driven by a shift from analog communication technologies to digital ones. Digital LMR systems include Project 25 (P25), TETRA, DMR, dPMR, and TETRAPOL. Given the advanced features of P25 and TETRA digital LMR systems, these two dominate the overall market and are forecast to retain their lead through 2020.

Land mobile radio systems are used in sectors such as military, construction, transportation, and commercial. Accounting for 36.1% of the global LMR systems market in terms of revenue, the military application segment held the largest share in 2013. However, growing adoption of LMR systems by large as well as small and medium enterprises to streamline their business operations is likely to boost the demand for land mobile radio systems in the commercial sector. The need for LMR systems in the transportation sector is also likely to rise with governments around the world focusing on streamlining traffic control operations.

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The highly competitive land mobile radio systems market has numerous leading players operating at a global and domestic level. These include Thales Group S.A., TE Connectivity Ltd., Nokia Solutions and Networks, Airbus DS Communications, Motorola Solutions, Inc., Raytheon Company, Honeywell International, Inc., RELM Wireless Corporation, Harris Corporation, and JVC KENWOOD Corporation. Offering convergence of LMR systems with high-speed cellular networks is one of the many strategies companies are adopting to increase their competitive share in the LMR systems market.

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