The critical communication market is expected to grow from USD 13.9 billion in 2019 to USD 19.8 billion by 2024, at a CAGR of 7.4%. Advanced features of critical communication network, increase the need to modernize old equipment, and high demand for critical communication solutions from diverse industries such as public safety, transportation & medical are the major driving factors for the market’s growth during the forecast period.
Owing to factors
such as the critical communication infrastructure includes group calling, rapid
voice call setup, and high-quality audio and video. Complex systems
incorporating trunking and digital capabilities enable multiple features, such
as video conferencing and real-time HD videos. Also, modern critical
communication networks have state-of-the-art features such as multi-network
operation with spectrum sharing techniques, network security capabilities,
temporary deployable systems, and quality of services.
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Hardware to dominate critical
communication market during the forecast period
A few of the vital components forming a critical communications
system are command and control systems, infrastructure equipment, and end-user
devices. Hardware is expected to hold a larger share of the critical
communication market, because of the rising demand from the ongoing as well as
new deployment of critical communication networks in various end-use verticals
such as public safety, transportation, utilities, mining, others. Moreover,
major developments in oil and gas plants to improve their operations through
intrinsically safe and highly reliable networks and concerns toward public
safety and security are the key factors fueling the growth of the market.
LTE technology to account for
the highest demand in the critical communication market during the forecast
period
LTE is the next global standard for critical communications,
according to several industry representatives, consultants, and end-users.
Factors such as the adoption of LTE by FirstNet by public safety organizations
in the US, the inclination of the UK Home Office toward LTE, and plans of South
Korea to build a nationwide LTE network for public safety are driving the
development of LTE for critical communications. The requirements of public
safety communications are rapidly changing, involving the adoption of
broadband-based multimedia applications, remote surveillance, and robotic
technologies such as unmanned aerial vehicles (UAVs). As a result, public
safety agencies are replacing their narrowband public safety networks with
LTE-based networks.
North America to hold a major share of the critical communication market during the forecast period
North America is
currently leading the global critical communication industry, followed by
Europe and Asia Pacific, mainly due to ongoing technological advancements and
rising adoption of digital LMR products by government and commercial sectors.
The US government made the interoperability standard available to ensure
efficient use of LMR technology products and fast and uninterrupted
communication in case of catastrophic situations, such as the September 11
attack or Hurricane Katrina. North America is considered to be the most
advanced region with regard to the adoption of critical communication
technology and infrastructure. The protection of critical infrastructure is
considered to be the most severe economic and national security challenge by
the government of these countries.
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