Professional Mobile Radio Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Rising Adoption of New Technology for Public Safety Has Increased the Demand for Professional Mobile Radio Market

Globally, the professional mobile radio market is expected to grow with a CAGR of 12.3% during the forecast period from 2021 to 2029 and has a market value of around US$ 20.24 Bn in 2020. Professional mobile radio (PMR) is a type of wireless system, which is used for communication during emergency services. Public organizations, police departments, fire departments, transportation companies, and others also use these systems. The PMR systems offer various features that allow the professionals to perform various tasks simultaneously, for instances PMR provides features such as group calls, emergency calls, broadcast calls, and others.

Similarly, these systems are a convenient means of communication systems for various enterprises and government organizations. The advancement in technology has led to the development of public and private long-term evolution (LTE) networks with PMR technology. These technologies reduce the response time and provide the information in real-time. The systems are also used for transmission of both audio and video data allowing the emergency departments to gain information about the current situation. Hence, the increasing demand for real-time and reliable communication networks and the system is driving the PMR market.

Professional Mobile Radio with Digital in its Technology Segment Continue Dominating the Market

In 2020, the overall PMR market is lead by the digital segment in its technology segment contributing to a high percentage of the market share of the total revenue generated globally in 2020 and is expected to grow with a CAGR of more than 14.5% during the forecast period. The growing requirement of a reliable network by various end-users such as government, military, mining, utility, healthcare, police, and fire department is one of the factors driving the digital segment. The digital technology allows the user to send digital information in real-time, which drive the growth of the market.

North America Dominates the Market by Region

The global professional mobile radio market was led by North America with a market share of more than 40.0% in the year 2020. The North America has well established technological infrastructure. The North America is expected to grow with a CAGR of more than 11.0% during the forecast period. Similarly, the government in the region spend highly in the development of new technology. For instance after the attack of 9/11, the US government has increases the security and has invested in land communication systems. Additionally, the presence of various companies such as Motorola Solutions, Inc., Harris Corporation and others are contributing in the growth of the market.

Some of the prominent players operating in the professional mobile radio are Motorola Solutions, Inc., Sepura PLC, Harris Corporation, Thales SA, Jvckenwood Corporation, Raytheon Company, Hytera Communications Corporation Limited, RELM Wireless Corporation, Tait Radio Communications, Codan Radio Communication, and Simoco Wireless Solutions.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

The professional mobile radio market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global professional mobile radio market based on technology, application, and geography. Key segments covered in the report are as follows:

Technology Segment (2019-2029; US$ Bn)

• Digital
• Analog

Application Segment (2019-2029; US$ Bn)

• Retail
• Transportation
• Utility
• Mining
• Military & Defence
• Fire Department
• Healthcare
• Others

Geography Segment (2019-2029; US$ Bn)

• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

• What was the market size of professional mobile radio in 2020 and forecast up to 2029?
• Which is the largest regional market digital in its technology segment?
• What are the major trends followed in professional mobile radio market across different regions?
• Who is the key professional mobile radio companies leading the market?
• What are the key strategies adopted by the leading professional mobile radio companies in market?

Unique data points of this report

• Statistics on professional mobile radio penetration and spending worldwide
• Recent trends across different regions in terms of adoption of professional mobile radio.
• Notable developments going on in professional mobile radio market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

This product will be delivered within 2 business days.