Professional Mobile Radio Market – Snapshot
A professional mobile radio (PMR) system is a wireless communication system that is used in emergency services, public works organizations, fire and police departments, transportation, and companies with vast vehicle fleets and an expansive network of on-field staff. It is one of the most convenient means of communication today. It provides advanced features such as broadcast calls, group calls, emergency calls, and prioritization of users that help in the well-organized functioning of enterprises and government establishments. PMR is widely used as a convenient means of communication by enterprises and government establishments. Rise in need to improve efficiency of radio communications systems and public safety organizations is primarily driving the adoption of PMR systems. Convergence of public and private long-term evolution (LTE) networks with PMR technology has led to the expansion of the global professional mobile radio market. Moreover, increase in demand for reliable and cost effective PMRs is expected to fuel the expansion of the market during the forecast period. The professional mobile radio market is expected to expand to US$ 15,779.5 Mn in 2026 from US$ 36,285.7 Mn in 2017, expanding at a CAGR of 9.8%.
Professional mobile radio systems are designed for mission critical communication operation in different sectors. Professional mobile radio is a rapidly expanding and dynamic area. Professional mobile radios are built on digital and analog technology. Although in more recent times, the demand for digital technology-based mobile radios has increased significantly. The professional mobile radio market is expected to expand significantly in the near future due to rise in importance of efficient mission-critical operations and the expansion of long term evolution (LTE) network, which is leading to higher demand for LTE-integrated PMR devices.
Demand for reliable and cost-effective PMR devices and increasing usage of PMR devices in public safety and mission critical applications in government organizations have led to the expansion of the global professional mobile radio market. With technological advancements, there has been multi-pronged development, especially in digital PMR systems. Integration of PMR systems with high-speed cellular networks is expected to boost the expansion of the PMR systems market. However, rise in adoption of LTE and increase in concerns regarding cross border security issues are projected to hamper the expansion of the professional mobile radio market.
Based on technology, the professional mobile radio market can be segmented into digital technology and analog technology. The project 25 (P25) sub-segment of the digital technology segment accounted for a significant market share globally in 2017. The sub-segment is projected to maintain its leading position over the forecast period. Moreover, this segment is estimated to expand rapidly during the forecast period due to a large user base in North America and Asia Pacific. The digital mobile radio (DMR) sub-segment is also estimated to expand at a significant pace over the forecast period due to increase in application of DMR in various end-use sectors. In terms of application, the public safety segment accounted for a major share of the professional mobile radio market and is estimated to maintain its leading position over the forecast period. Rise in adoption of PMR systems in the military and defense sector, fire department, and emergency & medical services sector is expected to propel demand during the forecast period. In terms of application, the public safety sector is one of the most favored application areas of professional mobile radio devices and is evolving steadily due to increase in number of users in various end-use industries.
The global professional mobile radio market is expected to expand at a rapid pace during 2018–2026. North America is anticipated to contribute a significant amount of revenue to the professional mobile radio market during the forecast period due to a large number of existing customers. Asia Pacific is anticipated to follow a similar trend during 2018–2026. Further, the market in Middle East & Africa is projected to expand at a significant CAGR growth after South America and Asia Pacific.
Attracted by this steadily expanding market and underlying demand, many players are driven to invest in the professional mobile radio devices market. System and software developers, integrators, and professional services providers across industries are strengthening their position in the professional mobile radio market. Product innovation and upgrade of research and development are constantly taking place in the professional mobile radio market. For instance, in October 2014, Motorola Solutions introduced MOTOTRBO SL300 digital portable radio, a reliable push-to-talk communication device. Prominent players identified in the professional mobile radio market and profiled in the study include Sepura PLC. , Motorola Solutions, Inc., Harris Corporation, Jvckenwood Corporation, Tait Communications, Codan Radio Communications, Hytera Communications Corporation Limited, and Raytheon Company.
Professional Mobile Radio Market: Overview
This comprehensive report by Transparency Market Research analyzes and provides growth forecast for the professional mobile radio market at the global and regional level, which includes Asia Pacific, South America, North America, Middle East & Africa (MEA), and Europe. The report provides analysis for the period between 2016 and 2026, wherein 2018 to 2026 is the forecast period, and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers insightful and accurate analysis. The report emphasizes on all the major trends and services playing a key role in the expansion of the professional mobile radio market between 2018 and 2026. It also focuses on restraining factors, market drivers, and opportunities of the expansion of the professional mobile radio market during the said period.
The report includes detailed pestle analysis, which is focused to enlighten a widespread view of the global professional mobile radio market. The Porter’s Five Forces analysis is also provided to understand the competitive scenario in the global professional mobile radio market. The study incorporates professional mobile radio market attractiveness analysis, wherein the market segments, for instance digital technology and analog technology, are benchmarked based on their market size, growth rate, and attractiveness, in terms of opportunity. Every geographic region mentioned in the report has been provided with attractiveness analysis in order to provide a complete analysis of the overall competitive scenario in the professional mobile radio market.
An overview of the professional mobile radio market, detailing key market trends and dynamics has been included for providing clear understanding of ecosystem forces. Dynamics include impact analysis of market restraining factors, drivers, and opportunities for the professional mobile radio market. Additionally, the report also provides analysis of different business strategies being adopted by the market leaders of professional mobile radio market. Trends and services related to professional mobile radio systems along with their applications have also been explained in the report.
Global Professional Mobile Radio Market: Scope of the Report
The study provides a decisive view on the global professional mobile radio market, broadly segmented by technology as digital technology and analog technology, by application as commercial and public safety. Furthermore, the report provides detailed breakdown of the professional mobile radio market across geographic regions, which include North America, Europe, Asia Pacific, Middle East & Africa, and South America, thus providing valuable insights at micro and macro levels.
The report highlights the competitive scenario within the professional mobile radio market, thus ranking all the major players according to the key recent developments and their geographic presence. The insights for the professional mobile radio market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal and technological factors.
In terms of country, the market in North America is segmented into the U.S., Canada, and Mexico. Furthermore, the market in Europe is segregated into France, Germany, the U.K., and Rest of Europe. The professional mobile radio market in Asia Pacific is also segmented at country level into China, Japan, India, and Rest of Asia Pacific. The market in Middle East & Africa is segmented into GCC Countries, South Africa, and Rest of Middle East & Africa. Similarly, South America includes Brazil and Rest of South America. This report provides all the strategic information required to understand the professional mobile radio market along with its technology and application.
Global Professional Mobile Radio Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, World Bank database, and industry white papers are usually referred for developing preliminary market understanding.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the professional mobile radio market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research, is again discussed and examined by our expert panel.
Global Professional Mobile Radio Market: Competitive Dynamics
The research study includes profiles of major companies operating in the global professional mobile radio market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as investment & spending and developments by the major players of the market are tracked. Key players operating in the global professional mobile radio market include Motorola Solutions, Inc., Harris Corporation, JVCKenwood Corporation, Tait Communications, Codan Radio Communications, Hytera Communications Corporation Limited, Simoco Wireless Solutions, and Raytheon Company.
The professional mobile radio market has been segmented as follows:
Global Professional Mobile Radio Market
- Digital Technology
- TETRA (Terrestrial Trunked Radio)
- Project 25 (P25)
- DMR (Digital Mobile Radio)
- Others (NXDN, dPMR, PDT etc.)
- Analog Technology
- Public Safety
- Military & Defense
- Home Security
- Emergency & Medical Services
- Fire Department
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America