(MENAFN- GetNews) 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.
Market Scenario:
Long-Term Evolution (LTE) is a high-speed wireless communication standard based on the GSM/EDGE and UMTS/HSPA technologies for mobile devices and data terminals. The global LTE for critical communication market is anticipated to generate approximately USD 13.0 billion, at a CAGR of 17% during the forecast period of 2017 to 2023.
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Market Dynamics:
Drivers
The growing adoption of digital and broadband technologies in public services such as law enforcement, disaster relief, administration and others are the critical drivers of the market owing to generation of large demand. The switching to digital technologies from conventional analog systems is another driver of the market. The growing development of complimentary end user industry such as oil and gas, security and others are the commercial drivers of the market. other commercial driver of the market include increasing demand for TETRA and 4G technology and the growing integration of TETRA-LTE solution in critical communications. Greater use of real-time videos coupled with the inability of older communication technologies to handle them owing to low bandwidth and speeds are also driving the market. The technological advantages of switching to higher technology by leaping over technology generations has made Long-Term Evolution (LTE) technologies more attractive than the conventional ones.
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).
LTE for Critical Communication Global Market - Segmentation
Segmentation by component: hardware, software, solution
- Segmentation by technology: terrestrial trunked radio, P-25, LTE-Advanced, digital mobile radio
- Segmentation by Application: IT & Telecommunication, Transportation, Utilities, oil & gas, government and defence, aerospace, other
- Segmentation by region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
LTE for Critical Communication Global Market - Regional Analysis
On the basis of regional analysis, the market is segmented into North America, Europe, Asia Pacific and rest of the world. Among these regions, North America is dominating the market of LTE for Critical Communication and is expected to continue leading the market during forecast period. This is majorly due to the growing demand for voice, status, text, location, picture, and video transmission for public safety. Whereas, Europe region claims the second spot in this market. However, there is expected a high market growth during the forecast period in Asia Pacific.
Industry News
March 2018, Motorola Solutions unveils new mission-critical LTE smartphone. The company had announced a LTE specific mobile device for public safety. The device will be holding a P25 system with integrated communication which is designed to be used on FirstNet or other global networks.
February 2018, Azcom Technology to Demonstrate LTE Based Mission Critical Push to Talk Services at Mobile World Congress 2018. Azcom Technology is planning to work on its latest products and specialised wireless solutions, which the company displayed at the MWC.
March 2018, Sonim, Softil collaborate to launch the world's most rugged range of LTE devices for mission-critical first responders. Sonim Technologies and Softil, collaborated to enable Sonim to launch a rough range of LTE devices. These devices will have wide spread application in various industry verticals such as infrastructure and construction, public safety and security, oil and gas, transportation and logistics, and many others.
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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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