Market Research Future published a research report on “LTE For Critical Communication Market Research Report- Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India - September 20, 2019 /MarketersMedia/ —
Market Overview
The global LTE for critical communication market is anticipated to surpass a valuation of USD 13 billion, attaining a CAGR of 17% during the forecast period (2017-2023), Market Research Future (MRFR) unveils in a detailed analysis.
The requirement for critical communications like disaster emergency service and public safety are increasing at a rapid pace, which is contributing to the growth of the LTE for critical communication across the globe. The deployment of LTE technology for mobile broadband services like voice transmission and video transmission provides critical communication network, with high coverage level, maximum availability, fault-tolerance, and low redundancies. Companies like Motorola, Inc. and Qualcomm Technologies Inc., are offering 4G technology, P25 technologies, and TETRA to provide best services to their customers, based on a seamless, integrated technology platform.
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Public safety agencies extensively use critical communication solutions for voice communication specialized systems, which is based on private narrowband radio network systems like project 25 or TETRA. This is likely to contribute to the market growth across the globe.
On the contrary, LTE for critical communication will suffer limited data transport capabilities, low spectral efficiency, high costs, and slow evolution owing to lack of economies of scale. This is one of the major challenges faced by the LTE for critical communication market during the review period.
Key Players:
The prominent players in the global LTE For Critical Communication Market are – Sepura plc. (U.K), Rohill Technologies B.V. (The Netherlands), Samsung Group (South Korea), Nokia Corporation (Finland), Teltronic S.A. (Spain), Softil Ltd. (Israel), Qualcomm Technologies Inc. (U.S), Ericsson (Sweden), Motorola, Inc. (U.S), Telstra Corporation Ltd (Australia) and Huawei Technologies Co. Ltd. (China).
Global LTE for Critical Communication Market: Segmental Analysis
The global LTE for critical communication market is segmented on the basis of technology, component, and end users.
By component, the LTE for critical communication market is segmented into software, hardware, and solutions.
By technology, the LTE for critical communication market is segmented into LTE-Advanced, digital mobile radio, P25, terrestrial trunked radio (TETRA), and others. Of these, the terrestrial trunked radio (TETRA) segment is anticipated to gain prominence as it is reliable, robust, secure, cost-effective, and has the potential to deliver mission-critical data.
By end user, the market comprises government & defense, IT & telecommunication, transportation, aerospace, oil & gas, utilities, and others. Of these, the transportation vertical is anticipated to gain prominence due to the surging demand for critical communication solutions, especially at airports in developing nations of India ad China. The soaring need for upgrading conventional analog networks into digital networks is further influencing the market growth in the segment.
LTE for Critical Communication Global Market - Regional Analysis
Geographically, the LTE for critical communication market spans across North America, Asia Pacific, Europe, and Rest of the World (RoW).
Considering the global scenario, North America is considered to be one of the leading regions, in terms of market share. The regional market is gaining huge demand for its future requirements for status, voice, text, picture, location, and video transmission for public safety. As the LTE for critical communication is integrated with broadband data video services in critical voice communication and mobility, the demand is increasing at a rapid pace.
The European market for LTE for critical communication is anticipated to experience rapid growth in the foreseeable future. The Asia Pacific, on the other hand, is predicted to reflect the highest CAGR, due to the presence of emerging nations like Japan, China, and India.
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Intended Audience
• LTE for critical communication companies
• LTE for critical communication providers
• LTE for critical communication distributors
• Research organizations
• Professional service providers
• LTE for critical communication service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
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Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 88921022
