The public
safety LTE market is expected to grow at a double digit CAGR during the
forecast period. The market is expected to reach USD 3,091.3 Million by 2023
from USD 642.8 Million in 2016, growing at a CAGR of 25.7% between 2017 and
2023.
The objective of
the report is to provide a detailed analysis of the market based on
infrastructure and services, deployment method, application, and geography; as
well as highlights the major factors influencing the growth of the market
(drivers, restraints, opportunities, and challenges); and a detailed value
chain analysis.
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The government
initiatives toward public safety, interoperability concerns, and rising demand
for unmanned operations and remote surveillance is propelling the growth of the
market for infrastructure and services.
The market for
law enforcement and border control is expected to hold the largest size by
2023. The high number of users in this segment is the major reason for a high
share of this application in the said market. The government initiatives on
citizen safety and increasing expenditures on public safety and security are
expected to drive this market.
The public
safety LTE market for end-use devices is projected to grow at the highest
CAGR during the forecast period. The high growth rate can be attributed to the
demand for end-use devices arising from the implemented public safety LTE
networks during the forecast period. Interoperable devices will rule the market
for at least a decade. Companies manufacturing end-use devices that are
interoperable with LMR or TETRA network will be benefitted the most.
Law enforcement and border control include
agencies such as police and military. Broadband in public safety gives law
enforcement the advantage to access information, stream video, and collaborate
in real time. Law enforcement and border control remains the largest
application of public safety LTE.
Europe accounted for the largest share of the
overall public safety LTE market in 2016. The establishment of emergency
services network (ESN) in Europe is driving the growth of the market.
The market for hybrid LTE is expected to grow
at the highest rate during the forecast period. Higher reliability than
commercial LTE and lower cost as compared to private LTE are the reasons that
are expected to drive the market for hybrid LTE between 2017 and 2023.
Spectrum scarcity is a major restraint for
this market, with the usable frequency spectrum extending from ~3 kHz to ~300
GHz only; network planning and spectrum management cannot be neglected.
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The key players in this 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), AT&T Inc. (US), Mentura Group OY
(Finland), Sonim Technologies Inc. (US), Kyocera Corporation (Japan),
Leonardo-Societa Per Azioni (Italy), and Hytera Communication Co. Ltd. (China).
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MarketsandMarkets™
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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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