December 4 2019
Global LTE for Critical Communication Market Information: By Component (Hardware, Software, Solution), Technology (Digital Mobile Radio, Terrestrial Trunked Radio (TETRA), P25), Application (IT & Telecommunication, Government, Utilities) - Forecast till 2023
LTE for Critical Communication Global Market - Overview
According to the latest report published by Market Research Future (MRFR), the global LTE for critical communication market is set to post 17% CAGR between 2017 and 2023. The market is expected to generate USD 13 Bn towards the end of the forecast period. Rise of the TETRA and 4G networks is a major growth enabler for the market. LTE For Critical Communication Market is benefiting for the integration of TETRA-LTE solution in critical communications.
Network providers are leveraging LTEtraNode solution to improve mobile broadband for business-critical communications. Critical communication is used for various purposes (disaster relief, public protection, etc.) Preference for LTE for critical communication is growing also due to low bandwidth and minimum redundancies requirement. The aforementioned factors are expected to support the growth of the LTE for critical communication throughout the assessment period.
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LTE for critical communication is gaining traction in the advanced countries. Increased need for critical communication such as disaster emergency service and public safety are proving an impetus to the global LTE for critical communication. LTE deployment for mobile broadband services such as voice transmission and video transmission can make a massive difference to critical communication network. Integration of LTE in critical communication creates maximum availability, low redundancies, high level of coverage and minimum faulter.
Technology companies such as Motorola, Inc. and Qualcomm Technologies are utilising TETRA, 4G technology, P2D technology among the others to improve their services and develop seamless platform with high flexibility in communications. Companies are also joining forces to expand their product portfolio and improve current services.
The segmental analysis of the global LTE for critical communication market has been conducted on the basis of technology, component, end users and region. Based on technology, the market has been segmented into LTE-Advanced, digital mobile radio, terrestrial trunked radio (TETRA), P25, and others. Based on component, the market has been segmented into solution, software and hardware. Based on end user, the market has been segmented into aerospace, utilities, IT & telecommunication, oil & gas, government & defense, transportation, and others.
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).
On the basis of region, the market has been segmented into Asia Pacific, North America, Europe, and Rest of the World (RoW). In terms of revenue, North America leads the global LTE for critical communication market. LTE for critical communication is witnessing tremendous success in North America owing to its credibility and efficiency, which are the fundamental need in public safety. In Europe, the LTE for critical communication is expanding partly due to the presence of several leading market players such as Teltronic S.A. (Spain), Rohill Technologies B.V. (The Netherlands) and Sepura plc. (U.K.) In terms of revenue, Europe holds the second spot. Many of these European companies specialize in LTE and are investing heavily to enhance their competence. APAC LTE for critical communication market is projected to exhibit a relatively higher CAGR during the forecast period. Increased focus on strengthening telecommunication networks and deployment of public safety networks is driving the market growth in APAC.
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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Market, By Component
Table 2 Market, By Technology
Table 3 Market, By Application
Table 4 Market, By Region
Table 5 North America Market, By Component
Table 6 North America Market, By Technology
Table 7 North America Market, By Applicatio
Table 8 U.S. Market, By Component
Table 9 U.S. Market, By Technology
Table 10 U.S. Market, By Application
Table 11 Canada Market, By Component
Table 12 Canada Market, By Technology
Table 13 Canada Market, By Application
Table 14 Mexico Market, By Component
Table 15 Mexico Market, By Technology
Table 16 Mexico Market, By Application
Table 17 Europe Market, By Component
Table 18 Europe Market, By Technology
Table 19 Europe Market, By Application
Table 20 U.K. Market, By Component
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