Market Highlights
Public Safety Long-Term Evolution (LTE) can transform the flood of data moving in and around an organization or a city into actionable intelligence. It allows data to move freely between devices and networks so that a user can respond more smartly. Data has huge potential to enhance the safety of cities. As per the global public safety LTE market published by Market Research Future (MRFR) sums up gains for this market at 22.07% CAGR between 2018 and 2025. By value, the market can be worth the USD 3,246.5 mn by the end of the forecast period.
The most vital factor pushing the global public safety LTE market forward is a huge set of technological innovations that covers the introduction of LTE-advanced technology. LTE-advanced has accelerated the adoption of technology to ensure public safety. Other factors guiding the market growth include rapid urbanization, growing demand for public safety, upsurge in demand for remote surveillance & unmanned operations. However, the usual dependency on traditional legacy systems can hamper market growth.
Top Drivers and Main Barriers
Touted to be the latest de-facto standard for public safety broadband communications, LTE has been gaining immense momentum in the public safety sector as a feasible alternative to non-cellular technologies like Land Mobile Radio (LMR). While renowned public safety communications companies like Motorola Solutions Inc. strongly support LMR, the public safety LTE market is expanding rapidly with the efforts of leading technology suppliers as well as communications service providers.
Today’s LMR networks face issues with respect to mobility and roaming between networks for various reasons, such as the lack of a common technology between the organizations that assist with the response, even after being located in nearby entities. Given these reasons, LMR is rapidly being replaced by next-generation systems that are enabled with the Long Term Evolution (LTE) cellular communications standard.
Fast-paced urbanization across various regions has boosted the demand for the safety of life and property. This has ramped up the demand for remote surveillance as well as unmanned operations, thus, leading to the expansion of the global public safety LTE market.
Segmentation:
The global public safety LTE market share segmentation covers application and product.
According to the application-based segmentation, this market covers disaster management, firefighting services, emergency medical services, and law enforcement & border control. The law enforcement & border control segment holds the largest market share, and it is expected to grow during the forecast period due to controlling in the border areas and rising demand for surveillance. The disaster management segment is expected to rise as the fastest-growing segment at 24.935% CAGR, and its market worth can be USD 1190.8 mn.
Based on product, the market is being segmented into commercial LTE, private LTE, and hybrid LTE. During the forecast period, the private LTE segment is expected to hold the largest market share with a market value of USD 1222.9 mn. On the other hand, the commercial LTE segment is expected to grow at 24.7% CAGR during the forecast period.
Regional Analysis:
The regional segmentation of the global public safety LTE market covers Europe, North America, Asia Pacific, and Rest of the World (RoW).
At 40.34%, Europe holds the largest share in the global market due to factors that include rapid urbanization, growing concern regarding public safety, and market penetration of Internet of Things (IoT). In this region, the strong economies that can become relevant country-specific markets are France, Germany, and the UK.
Holding 30.76% share, North America is the second-largest regional market in the global market due to technological developments and its early adoption. Growing at 23.99% CAGR, it can attain the market value of USD 1118 mn by 2025. USA and Canada have the potential to generate maximum revenue for this market.
During the forecast period, the Asia Pacific region has been forecasted to grow at 17.29% CAGR, attaining the market value of USD 502.6 mn due to the accelerated adoption of LTE public safety solutions in China. Other strong economies that might emerge as powerful country-specific markets in this region are India, Japan, and South Korea.
The RoW segment covers Latin America and the Middle East & Africa (MEA) region. In Latin America, the market can grow due to the decent availability of technology. In the MEA region, the market is limited due to constraints of technology.
Competitive Dashboard:
Major players in the global public safety LTE market include Airbus SE (Netherlands), AT&T Inc. (USA), Bittium (Finland), Cisco Systems Inc. (USA), Cobham PLC (UK), General Dynamics Corporation (USA), Motorola Solutions (USA), Nokia Corporation (Finland), Samsung Electronics (South Korea), and Telefonaktiebolaget LM Ericsson (Sweden).
Latest Industry News
The Oregon-based Linx Technologies CW Series and PW Series single-band monopole whip antenna lines to support low power wide area (LPWA) applications for cellular IoT {Long Term Evolution for Machines (LTE-M) and Narrowband IoT (NB-IoT)}, Sigfox, and Long-Range Wide Area Network (LoRaWAN), as well as, cellular public safety applications in LTE Band 14. 23 JUL 2019
Browse Complete Report @ https://www.marketresearchfuture.com/reports/public-safety-lte-market-6997