Professional Mobile Radio Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026
Albany, NY -- (SBWIRE) -- 06/22/2018 -- 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.
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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.
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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.