Transparency Market Research has published a new report titled "Land Mobile Radio (LMR) Systems (TETRA, Project 25, dPMR, DMR, and TETRAPOL) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" to its report store.

Albany, NY -- (SBWire) -- 11/25/2014 --Transparency Market Research states that the global land mobile radio systems market was worth US$10.57 billion in 2013 and is estimated to be worth US$30.6 billion by 2020. The report, titled “Land Mobile Radio (LMR) Systems (TETRA, Project 25, dPMR, DMR, and TETRAPOL) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020”, also states that the worldwide market for land mobile radio systems will grow at a 16.9% CAGR from during the forecast period.

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North America dominated the global land mobile radio systems market in 2013 owing to continuous efforts by the U.S. government to fulfil the operational requirements of the armed forces. Growing demand from the military structure for high-speed communication solutions drives the North American market for land mobile radio systems. Europe is the second-largest regional land mobile radio systems market and with rising demand from the construction industry and government sector, it is anticipated that European land mobile radio systems market will be the biggest revenue contributor by 2020.

The thriving automotive market in Asia-Pacific, especially in countries such as China and India, has resulted in an increasing demand for land mobile radio systems. Moreover, with growing global trade relations, the land mobile radio systems market has witnessed rising demand from the logistics sector.

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On the basis of type, the land mobile radio systems market can be bifurcated into mobile (vehicular) land mobile radio systems and hand portable land mobile radio systems. Key application areas of land mobile radio systems include military, transportation, commercial, construction, and others. By technology, land mobile radio systems can be divided into digital and analog.

Among major application areas, the military segment led the land mobile radio systems market in terms of revenue, accounting for 17.8% of the global share in 2013. However, the escalating number of vehicles on the road is expected to spur the demand for traffic management communications, thereby driving the use of land mobile radio systems for transport applications.

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Among the two types of land mobile radio systems, hand portable LMR systems generated 55.9% of the overall revenue in 2013 owing to a wide range of applications such as construction activities, mining, and corporate use. Nevertheless, growing usage by the defence industry and government sector is expected to fuel the demand for mobile land mobile radio systems during the forecast period. Among the key technologies used in land mobile radio systems, the market is expected to witness a shift in demand from analog LMR systems to digital LMR systems.

The report studies the competitive landscape of the global land mobile radio systems market. The land mobile radio systems market, as stated in the report, is extremely consolidated with the top three leaders generating two-thirds of the global revenue. Some of the key players identified and evaluated in the land mobile radio systems market report are Harris Corporation, JVC KENWOOD Corporation, Raytheon Company, TE Connectivity Ltd., Thales Group S.A., RELM Wireless Corporation, Nokia Networks B.V., Cassadian Communications, Inc., and Motorola Solutions Inc.

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