Market Research Future published a research report on “LTE For Critical Communication Market Research Report- Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India -- (SBWIRE) -- 10/25/2018 -- Market Scenario:
Long-Term Evolution (LTE) is a high-speed wireless communication standard based on the GSM/EDGE and UMTS/HSPA technologies for mobile devices and data terminals. The global LTE for critical communication market is anticipated to generate approximately USD 13.0 billion, at a CAGR of 17% during the forecast period of 2017 to 2023.
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The growing adoption of digital and broadband technologies in public services such as law enforcement, disaster relief, administration and others are the critical drivers of the market owing to generation of large demand. The switching to digital technologies from conventional analog systems is another driver of the market. The growing development of complimentary end user industry such as oil and gas, security and others are the commercial drivers of the market. other commercial driver of the market include increasing demand for TETRA and 4G technology and the growing integration of TETRA-LTE solution in critical communications. Greater use of real-time videos coupled with the inability of older communication technologies to handle them owing to low bandwidth and speeds are also driving the market. The technological advantages of switching to higher technology by leaping over technology generations has made Long-Term Evolution (LTE) technologies more attractive than the conventional ones.
The prominent players in the global LTE For Critical Communication Market are – Sepura plc. (U.K), Rohill Technologies B.V. (The Netherlands), Samsung Group (South Korea), Nokia Corporation (Finland), Teltronic S.A. (Spain), Softil Ltd. (Israel), Qualcomm Technologies Inc. (U.S), Ericsson (Sweden), Motorola, Inc. (U.S), Telstra Corporation Ltd (Australia) and Huawei Technologies Co. Ltd. (China).
The global LTE for critical communication market is segmented on the basis of component, technology, end users, and region. The component segment is sub-segmented into hardware, software, solutions. The technology is segmented into digital mobile radio, LTE-Advanced, terrestrial trunked radio (TETRA), P25, and others. The end user is segmented into IT & telecommunication, government & defense, aerospace, transportation, utilities, oil & gas, and others. The region includes North America, Europe, Asia Pacific, and the rest of the world.
Market Research Analysis:
Geographically, the global LTE for critical communication market is studied in the different regions as Americas, Europe, Asia Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the LTE for critical communication market. The LTE for critical communication are gaining huge demand due to its high reliability and efficiency which is best suited for public safety. In this market, Europe is estimated to hold the second largest market share for LTE for critical communication during the forecast period as the prominent player such as Sepura plc. (U.K), Rohill Technologies B.V. (The Netherlands), Teltronic S.A. (Spain), are leading providers of LTE for critical communication solutions and continuing to invest in improvement of these technology such as TETRA and P25 technology for the improvement of LTE for critical communication services. Asia-Pacific is expected to forecast the highest CAGR in the coming years is due to the advancement in technology and company such as Huawei Technologies Co. Ltd., Motorola solution are investing availing the capabilities of public safety networks in the Asia Pacific regions.
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- LTE for critical communication companies
- LTE for critical communication providers
- LTE for critical communication distributors
- Research organizations
- Professional service providers
- LTE for critical communication service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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