Global Professional Mobile Radio Market Estimated to Gain Noticeable Growth Driven by Rapid Adoption of Digital Technology by 2026

Posted on 2018-07-02 by Mark Hub in Technology // 0 Comments

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Albany, US, July 2, 2018: Presently, the rising need to improve the efficiency of radio communications systems and public safety organizations is primarily driving the adoption of PMR system. This is because it is one of the most convenient means of communication today. Recently, a novel study titled “Professional Mobile Radio Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026” has been broadcasted to the wide repository of Market Research Hub (MRH), which enumerates the impact of recent developments on the growth of professional mobile radio market.

As per the study key findings, the professional mobile radio market is expected to expand to US$ 15,779.5 Mn in 2026 from US$ 36,285.7 Mn in 2017, expanding at a notable CAGR of 9.8%. The growth has been attributable to various factors, such as the rise in importance of efficient mission-critical operations and the expansion of long-term evolution (LTE) network, which is leading to higher demand for LTE-integrated PMR devices.

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Factors Fueling Market Growth

The global market study on professional mobile radio reveals that PMR is widely used as a convenient means of communication between enterprises and government establishments. It offers some advanced features such as emergency calls, broadcast calls, group calls, and arranging of users that help in the well-organized functioning of enterprises and government establishments. Therefore, demand is further leading to expansion of the market during the forecast period.
Moreover, the research identifies that demand for steadfast and cost-effective PMR devices and swelling usage of PMR devices in public safety & mission-critical applications in government organizations have led to the expansion of the global professional mobile radio market. With technological advancements, there has been multi-pronged development, especially in digital PMR systems. Combination of PMR systems with high-speed cellular networks is expected to boost the expansion of the PMR systems market.
As the report proceeds, the research categorizes the global market for professional mobile radio on the basis of technology and application. Based on the segmentation, the research analyzes market opportunities and growth. By technology, it covers digital and analog. According to the research study, the digital technology segment of the market held a noticeable share and is anticipated to maintain its dominant position, both in terms of revenue and volume until the end of 2026.
In terms of geography, North America held a significant share of the professional mobile radio market, in terms of revenue, in 2017. The research finds that the market in the Asia Pacific is anticipated to expand at a considerable CAGR during the forecast period.

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Above all, company profiles of the market participants are deliberated in the final chapters of the report. This information is merged with awareness about recent developments achieved by these market participants. At present, key players operating in the global professional mobile radio market include Tait Communications, Motorola Solutions, Inc., Simoco Wireless Solutions, Harris Corporation, JVCKenwood Corporation, Codan Radio Communications, Hytera Communications Corporation Limited, and Raytheon Company.

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