The Public Safety-LTE Market is expected to be valued at USD 5.9 billion in 2020 and is likely to reach USD 15.4 billion by 2025; it is expected to grow at a CAGR of 21.1% during the forecast period. Adoption of LTE technology to eliminate the existing interconnectivity issues between different networks, increase in demand for unmanned vehicles globally, seamless data connectivity offered by LTE technology, and the COVID-19 pandemic is driving the need for efficient and extensive network capacity are expected to help the growth of the PS-LTE market during the forecast period.
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The services segment of the PS-LTE market is projected to grow
at highest CAGR during forecast period
The services segment
is projected to grow at the highest CAGR from 2020 to 2025. The growth of
the services segment can be attributed to the expectation that the PS-LTE
services would be fully deployed in most of the regions of the world by 2020,
and there would be increased revenue from these services than the PS-LTE
infrastructure. Moreover, the developed PS-LTE networks in countries such
as Australia, China, Qatar, the UAE, and the US are expected to proliferate
the demand for managed and other professional services.
Emergency medical services application of PS-LTE market to grow
at highest CAGR during forecast period
The
emergency medical services application is expected to register the highest CAGR
during the forecast period. LTE networks in emergency services lead to the
sharing of real-time videos of patients that help in obtaining the vitals of
patients virtually. It also enables the command centers to send the nearest
responders to the locations where they are required by tracking GPS details of
patients. LTE networks in emergency services provide information related to the
hospital assets so that the EMS personnel can shift patients to the best-suited
facilities nearby. They also provide insights into the preexisting conditions
of patients to the EMS personnel by providing them access to their medical
record databases and prescribed medicine.
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PS-LTE market in North America projected
to grow at highest CAGR from 2020 to 2025
The protection of critical infrastructures is considered to be the most severe economic and national security challenge by the governments of both the US and Canada, thereby leading to the growth of the PS-LTE market in North America. Moreover, the deployment of new PS-LTE networks in Mexico has further supplemented the growth of the market in this region.
Major players
operating in the PS-LTE market are Motorola Solutions, Inc. (US), General
Dynamics Corporation (US), Airbus SE (Netherlands), Nokia (Finland), Harris Corporation (US), Huawei
Technologies Co. Ltd. (China), Bittium
Corporation (Finland), Samsung Electronics Co. Ltd. (South
Korea), AT&T, Inc. (US), ZTE Corporation (China),
Hytera Communications Corporation (China), and KT
Corporation (South Korea).
Opportunities: Adoption of LPWA connectivity
technologies in LTE
Presently, low-power wide-area (LPWA) technologies such as LoRa and narrowband IoT (NB-IoT) are limited to IoT applications such as smart meters and smart parking. Large-scale adoption of these LPWA technologies in public safety applications is expected to offer growth opportunities for different stakeholders. Frequent broadcast of sizeable payloads and mobility support are the 2 major applications of LPWA technologies in public safety. In February 2019, AT&T started the evaluation of LTE for machines or LTE-M for the public safety networks of the US through FirstNet. The company is evaluating the adoption of LTE-M to ensure the quality of service, priority, and preemption (QPP) on LTE networks. In May 2019, KT and Samsung partnered to deploy NB-IoT in South Korea by 2020 for different public safety applications.
Challenges: High costs of developing and maintaining LTE network infrastructures
The key components of PS-LTE solutions are end-use
devices, radio access networks (RANs), backhaul networks, EPC, and application
and operation support systems. These solutions are customized according to the
applications wherein they are to be used or depending on the requirements of
public safety agents and authorities. A dedicated LTE spectrum, cleared of any
previous service, is a prerequisite for a public safety model. It requires long
planning cycles and high investments. Significant upfront investments are
required for developing and maintaining a dedicated network. If the allocated
spectrum band is not in use in the commercial sector, costs/CAPEX of the entire
system, including that of network elements and devices increase. In some
countries, the narrowband spectrum allocated for public safety applications can
limit the operating capacity of PSAPs. Thus, public safety authorities are
required to establish service level agreements (SLAs) with the mobile network
operators to define the trade-off between coverage, availability, and
prioritization, and resilience requirements of mission-critical applications.
Such SLAs incur a high cost in the form of subscription or setup fee.
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