Research and Markets (http://www.researchandmarkets.com/research/nkrw2z/land_mobile_radio) has announced the addition of the "Land Mobile Radio Market - Global Trend & Forecast to 2020" report to their offering.
The land mobile radios market is estimated to grow from $7.52 billion in 2014 to $15.65 billion by 2020, at a CAGR of 13.09% from 2015 to 2020. This market is driven by factors such as the growing demand for reliable & inexpensive LMRs, transition from analog to digital LMR products, and infiltration of LMRs into diverse industries.
The digital technology-based LMR segment is likely to hold the largest market share during the forecast period. In addition, due to the rise in demand for digitalized products, which give better and effective results than traditional analog products, is expected to gain traction and grow at the highest CAGR in the next five years.
The land mobile radios market is also projected to witness growth in the commercial industry, with the public safety industry accounting for the largest market share during the forecast period.
Companies Mentioned:
- Harris Corporation
- Hytera Communications
- Jvc Kenwood Corporation
- Motorola Solutions, Inc.
- Raytheon Co.
- Relm Wireless Corporation
- Sepura Plc.
- Simoco
- Tait Radio Communications
- Thales SA
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market, By Type
8 Market, By Technology
9 Land Mobile Radio Market, By Industry
10 Market, By Standard
11 Market, By Geography
12 Competitive Landscape
13 Company Profiles
For more information visit http://www.researchandmarkets.com/research/nkrw2z/land_mobile_radio
View source version on businesswire.com: http://www.businesswire.com/news/home/20160126006267/en/