According to the new market research report "Public
Safety-LTE Market by
Infrastructure (E-UTRAN, EPC), Service (Consulting, Integration), Deployment
Model (Private, Commercial, Hybrid), Application (Law Enforcement & Border
Control, Firefighting Services), End User, Region - Global Forecast to
2024", published by MarketsandMarkets™, the Public
Safety-LTE Market is projected to grow from USD 4.7 billion by 2019 to USD
11.7 billion by 2024; it is expected to grow at a CAGR of 20.2% from 2019 to
2024.
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The PS-LTE market has enormous potential for growth
across various applications such as law enforcement & border control,
emergency medical services, firefighting services, and disaster management.
Communication is imperative for public safety agencies as they require
effective communication to deal with natural or man-made disasters. Public
safety-LTE, which integrates voice communication and data transfer abilities
with robust purpose-built systems, devices, and control centers, helps police,
military, and other security forces to work safely and smartly by assisting
them in improving their real-time decision-making capabilities.
Infrastructure segment to hold the largest size of
the PS-LTE market from 2019 to 2024
The infrastructure segment accounted for the largest
share of the PS-LTE market in 2018. The dominance of the infrastructure segment
can be attributed to new public safety projects being undertaken in Europe,
especially in the UK, Finland, and France and in Asian countries such as South
Korea and Japan. The end-use devices segment of the PS-LTE market for
infrastructure is projected to grow at the highest CAGR during the forecast
period. The growth of this segment can be attributed to the increasing demand
for LTE technology- and hybrid (LTE and TETRA)-enabled devices across the
globe.
Hybrid LTE segment of the PS-LTE market is projected
to grow at the highest CAGR during the forecast period
The hybrid LTE deployment model is expected to offer
significant opportunities for the PS-LTE industry as it provides highly
reliable services at costs lower than the private LTE deployment model. Due to
the high costs incurred in adopting a completely dedicated public safety
network, government agencies are expected to opt for the hybrid LTE deployment
model. Shared network running costs is one of the prime drivers for the growth
of the hybrid LTE segment of the PS-LTE market.
Europe accounted for the largest size of the PS-LTE
market in 2018
The growing requirement for strong security measures
and compliance management in Europe owing to increase in online public safety
applications to carry out video surveillance activities and rise in image and
video sharing, as well as an increase in demand for unmanned vehicles, have
made the region a highly lucrative market for vendors of public safety
solutions. The market in North America is expected to grow at the highest CAGR
from 2019 to 2024. The growth of the PS-LTE market in North America is mainly
driven by increase in the instances of terrorist attacks and the occurrence of
natural calamities such as floods, cyclones, forest fires, and earthquakes, and
cyberattacks in the region.
118 – Tables
48 – Figures
173 – Pages
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Major players operating in the PS-LTE market are Airbus SE
(Netherlands), Motorola Solutions, Inc. (US), General Dynamics Corporation
(US), Bittium Corporation (Finland), Nokia (Finland), Harris Corporation (US),
ZTE Corporation (China), Huawei Technologies Co. Ltd. (China), Samsung
Electronics Co. Ltd. (South Korea), AT&T, Inc. (US), Hytera Communications
Corporation (China), and KT Corporation (South Korea).
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