According to
the new market research report "Public
Safety LTE Market by Infrastructure (E-UTRAN, EPC), Services (Consulting and
Integration), Deployment Model (Private, Hybrid), Applications (Law
Enforcement, Firefighting Services), and Region - Global Forecast to 2023",
the public safety LTE market is expected to be valued at USD 3,091.3 Million by
2023, growing at a CAGR of 25.7% from USD 782.9 Million in 2017.
The factors
that are driving the growth of this market are the rising demand for unmanned
operations and remote surveillances, and elimination of connectivity issues
between networks.
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“Public
safety LTE market for services is expected to grow at the highest rate during
the forecast period”
The market
for services is expected to grow at the highest CAGR between 2017 and 2023. The
high growth rate of services is because of the expectation that the network
would be fully set up in most regions by 2021 and there would be more revenue
from services than the LTE infrastructure.
“The public
safety LTE market for the hybrid LTE deployment model is expected to grow at a
high rate between 2017 and 2023”
Among
various deployment models, the hybrid LTE deployment model accounted for the
highest CAGR of the overall public safety LTE market between 2017 and 2023. The
hybrid model is expected to offer significant opportunities for public safety
LTE market. Due to the high cost incurred in adopting the completely dedicated
public safety network, government agencies are expected to opt for the hybrid
model.
“Europe is
expected to lead the public safety LTE market between 2017 and 2023”
Europe is
expected to hold the largest size of the public safety LTE market during the
forecast period. This growth is mainly attributed to growing need for strong
security measures and compliance management owing to the increase in public
safety online applications for video surveillances, operating unmanned
vehicles, and image and video sharing.
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The major
players operating in the public safety LTE market are General Dynamics
Corporation (US), Airbus SE (Netherlands), Motorola Solutions, Inc. (US),
Cobham PLC (UK), Nokia Corporation (Finland), Bittium Corporation (Finland),
Samsung Electronics Corporation Limited (South Korea), Cisco Systems, Inc. (US),
Ericsson AB (Sweden), and AT&T Inc. (US).
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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