Public Safety LTE Market 2019 Industry Analysis, Global Growth Opportunities, Size, Share, Recent Trends, Key Strategies and Regional Forecast 2025
The report on the global Public Safety LTE market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, key player’s market share analysis, competitive landscape and supply chain analysis.
Pune, India – March 27, 2019 /MarketersMedia/ —
Market Highlights:
Market Research Future (MRFR) is slated to strike a CAGR of 22.07%, with a valuation of USD 3,246.5 million during the forecast period (2018-2025). Public safety across the globe has intensified the demand for public safety LTE market. Public safety LTE (Long Term Evolution) is extensively used by public safety agencies as well as enterprises in order to communicate with convenience. Public safety LTE is one such innovation in technology which facilitates correct and quick response during an emergency, thereby improving public safety solutions.
Public safety agencies are taking interest to leverage commercial cellular network technology in order to support the rising demand for broadband applications owing to the bandwidth limitations offered by the traditional voice-centric LMR network systems. With its expanding network, performance metrics, and spectrum flexibility, LTE is considered one of the leading entrants for public safety mobile broadband networks. With the rapid urbanization, the demand for public safety LTE has intensified over the years. As per a recent report, more than 65% of the global population is predicted to dwell in the urban areas by the end of 2022, which is likely to impact the growth of the market positively.
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Major Key Companies:
• AT&T Inc.,
• Telefonaktiebolaget LM Ericsson,
• Cisco Systems, Inc.,
• Samsung Electronics,
• Bittium,
• Nokia Corporation,
• Cobham PLC,
• Motorola Solutions,
• Airbus SE,
• General Dynamics Corporation.
This MRFR report covers historical trends, market dynamics, forecast, key players’ market share analysis, and market factor analysis that includes supply chain analysis and Porter’s five forces analysis. The report also includes the value of the global public safety LTE market by region as well as segmentation and a country-level analysis for each segment.
As per Market Research Future (MRFR)’s analysis, the global public safety LTE market is estimated to mark a CAGR of 22.07% during the forecast period 2018 to 2025.
Industry Updates
March 14, 2019: A prominent provider of fully integrated device-to-cloud solutions for IoT, Sierra Wireless has announced the launch of AirLink RV55 LTE-Advanced Pro router which ensures to lower the cost and simplify connecting critical remote assets, mobile workforces in utility, infrastructure, smart city, energy, and public safety applications.
Market Segmentation:
The global public safety LTE market has been segmented on the basis of application and product.
By mode of product, the global public safety LTE market has been segmented into commercial LTE, private LTE, and hybrid LTE. Among these, the private LTE is considered to attract a larger customer base and is estimated to touch a valuation of USD 1222.9 million by 2025.
By mode of application, the global public safety LTE market has been segmented into emergency medical services, law enforcement & border control, disaster management, and firefighting services. Among these, the law enforcement & border control segment is anticipated to occupy the largest market share owing to the surging demand for surveillance & controlling in the border areas.
Regional Analysis:
Geographically, the public safety LTE market span across regions namely, Asia Pacific, North America, Europe, and the Rest-of-the-World (RoW).
Considering the global scenario, the European region is predicted to occupy the maximum share with 40.34% and is likely to retain its dominance in the coming years. The growth is credited to the surging concern regarding the safety of public, market proliferation of IoT, and rapid urbanization in this region.
The North American region is considered to hold the second largest position in the global market for public safety LTE. The region’s growth is chiefly directed by factors such as technological advancements coupled with early adoption of LTE. The region is estimated to garner USD 1118 million with a CAGR of 23.99% by the end of 2025.
Asia Pacific is forecasted to touch a valuation of USD 502.6 million by the end of 2025, striking a CAGR of 17.29% by the end of the forecast period. The growth is majorly directed by the accelerated population LTE public safety solutions, especially in China.
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Intended Audience
• Research organizations
• Professional service providers
• Public safety LTE service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
List of Tables
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 GLOBAL PUBLIC SAFETY LTE MARKET, BY PRODUCT, 2013–2025 (USD MILLION)
TABLE 4 GLOBAL PUBLIC SAFETY LTE MARKET, BY APPLICATION, 2013–2025 (USD MILLION)
TABLE 5 GLOBAL PUBLIC SAFETY LTE MARKET, BY REGION, 2013–2025 (USD MILLION)
TABLE 6 NORTH AMERICA: PUBLIC SAFETY LTE MARKET, BY COUNTRY, 2017–2025
TABLE 7 NORTH AMERICA: PUBLIC SAFETY LTE MARKET, BY PRODUCT, 2013-2025
Continued……
List of Figures
FIGURE 1 GLOBAL PUBLIC SAFETY LTE, MARKET OUTLOOK 2013-2025
FIGURE 2 GLOBAL PUBLIC SAFETY LTE MARKET: MARKET STRUCTURE
FIGURE 3 GLOBAL PUBLIC SAFETY LTE REVENUE (USD MILLION) COMPARISON, BY REGIONS
FIGURE 4 GLOBAL PUBLIC SAFETY LTE MARKET GROWTH RATE, BY REGION
Continued……
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: abhishek Sawant
Organization: Market Research Future
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/public-safety-lte-market-6997
Source: MarketersMedia
Release ID: 496122
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