Professional Mobile Radio (PMR) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The professional mobile radio (PMR) market size has grown rapidly in recent years. It will grow from $23.11 billion in 2023 to $26.26 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to rise in the globalization and interconnectivity, increased adoption of remote work, demand for mobile communication, government regulations and standards, and increassed public safety.
The professional mobile radio (PMR) market size is expected to see rapid growth in the next few years. It will grow to $44.41 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to rising usage of land mobile radios, the need for interoperable communication, increasing broadband networks, increasing threat of cyberattacks, and growing concerns about environmental sustainability. Major trends in the forecast period include advancements in radio technology, advanced radio communication systems, integration with the Internet of Things (IoT) and artificial intelligence (AI) technologies, mission-critical communication, long-term evolution (LTE) technology, and cloud-based solutions
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Scope Of Professional Mobile Radio (PMR) Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Professional Mobile Radio (PMR) Market Overview
Market Drivers –
Rising adoption for public safety is expected to propel the growth of the professional mobile radio (PMR) market going forward. Public safety refers to the welfare and protection of the general public, encompassing the government’s responsibility to ensure people are safe from harm and danger. The increase in public safety concerns is due to several factors, such as global events and crises, socioeconomic disparities, environmental factors, and social and political dynamics. Professional mobile radio (PMR) is an essential communication tool that provides extensive coverage and is frequently designed with extra components to ensure that emergency responders have access to communication channels when they are most needed without interfering with civilian network traffic. For instance, in December 2023, according to the National Crime Records Bureau (NCRB), an India-based government agency responsible for collecting and analyzing crime data, a total of 4,45,256 cases of crime against women were reported in 2022, marking a 4% increase from 2021. Furthermore, in July 2023, according to Statistics Canada, a Canada-based government agency, police reported 874 homicides in Canada in 2022, 78 more than the year before. Therefore, rising adoption for public safety is driving the professional mobile radio (PMR) market. Therefore, rising adoption for public safety is driving the professional mobile radio (PMR) market.
Market Trends –
Major companies operating in the professional mobile radio (PMR) market are focused on developing innovative solutions, such as digital mobile radio (DMR), to gain a competitive edge in the market. Digital mobile radio (DMR) refers to a digital radio standard designed for professional mobile radio (PMR) systems used by businesses, governments, and other organizations for voice and data transmission on non-public radio networks. For instance, in July 2022, Hytera Communications Corporation Limited, a China-based communications equipment company, introduced its line of professional mobile radios featuring 5G, digital mobile radio (DMR), and LTE technologies. The new line of professional radios includes the AP & BP Series business radios, H Series DMR radios, Push-to-Talk over Cellular (PoC) radios, and Body Worn Camera, which are developed to ensure that enterprises and government agencies operate smoothly in a variety of indoor and outdoor work locations in Indonesia. These provide clear and reliable digital voice communication, offering better audio quality and noise reduction.
The professional mobile radio (PMR) market covered in this report is segmented –
1) By Frequency: 25 MHz–174 MHz (VHF), 450 MHz–512 MHz (UHF), 700 MHz And Above (SHF)
2) By Technology: Digital, Analog
3) By Application: Commercial, Public Safety
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Regional Insights –
North America was the largest region in the professional mobile radio (PMR) market in 2023. The regions covered in the professional mobile radio (PMR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the professional mobile radio (PMR) market are Airbus SE, Rostec, Ericsson, Thales Group, L3Harris Technologies Inc., Motorola Solutions Inc., Maxon America Inc., JVCKenwood Corporation, SITA, VIAVI Solutions Inc., Kontron AG, Anritsu Corporation, Hytera Communications Corporation Limited, Icom Inc. , Rexon Technology Co. Ltd., Sepura Limited, Zetron Inc., Uniden Holdings Corporation, Simoco Wireless Solutions, Midland Radio Corporation, Ritron Inc., PowerTrunk.com
Table of Contents
1. Executive Summary
2. Professional Mobile Radio (PMR) Market Report Structure
3. Professional Mobile Radio (PMR) Market Trends And Strategies
4. Professional Mobile Radio (PMR) Market – Macro Economic Scenario
5. Professional Mobile Radio (PMR) Market Size And Growth
…..
27. Professional Mobile Radio (PMR) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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