Public Safety LTE Industry, Research Product development Demographic Growth, COVID – 19 Outbreak, Key Vendors Analysis, Import & Export, Revenue
Public Safety LTE
Industry Analysis:
According to the analysis
offered by Market Research Future (MRFR), the global Public Safety LTE Industry
is expected to reach a valuation of USD 3,246.5 Mn towards the end of 2025 from
USD 690.3 Mn in 2017. The market is poised to thrive at 22.07% CAGR during the
forecast period 2018 to 2025. It is one of the innovations in technology that
facilitates quick and correct response in an emergency, thus improving public safety
solutions. Rapid urbanization has intensified the demand for public safety LTE
in the recent years. According to a report published, more than 65% of the
population would be dwelling in urban areas by 2022. It is likely to have a
positive impact on the proliferation of the public safety LTE market over the
assessment period.
The advent of
LTE-advanced has opened new avenues for growth of the global market by
facilitating the transfer of high volumes of data. It is projected to optimize
the market presence of LTE for public safety, thus, augmenting the market.
Furthermore, the rising demand for unmanned operations and remote surveillance
is likely to boost the growth of the public safety LTE market in the
forthcoming years.
The initiatives
undertaken by the government such as smart city development, rising threats of
crimes and natural disasters, and market penetration of Internet of Things
(IoT), are some of the factors that are poised to propel the expansion of the
market in the upcoming years. However, the limited sophistication of
telecommunication and network infrastructure in developing countries is
expected to restrict the growth of the public safety LTE market.
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Competitive Dashboard:
Some of the major players
operating in the market are AT&T Inc., Telefonaktiebolaget LM Ericsson,
Cisco Systems, Inc., Samsung Electronics, Bittium, Nokia Corporation, Cobham
PLC, Motorola Solutions, Airbus SE, and General Dynamics Corporation.
Segmental Analysis:
The global public safety
LTE market is segmented on the basis of product and application in this MRFR
report for a detailed assessment.
By product, the market is
segmented into private LTE, commercial LTE, and hybrid LTE. The private LTE
segment is expected to attract a relatively larger customer base towards the
end of the forecast period. It is estimated to value at USD 1222.9 Mn by the
end of 2025. Meanwhile, the commercial LTE segment is poised to strike the
highest CAGR of 24.7% over the assessment period.
By application, the
global public safety LTE market has been segmented into law enforcement and
border control, emergency medical services, firefighting services, and disaster
management. Among these, the law enforcement and border control segment
accounted for the largest share of the market in 2017. It is prognosticated to
grow substantially owing to the rising demand for surveillance and controlling
in the border areas. Meanwhile, the disaster management segment is anticipated
to mark a relatively higher CAGR of 24.935 during the review period. It is
estimated to command the maximum share of the public safety LTE market by the
end of 2025 and value at USD 1190.8 Mn.
Regional Outlook:
By region, the global
public safety LTE market has been segmented into North America, Asia Pacific,
Europe, and the Rest of the World (RoW). Europe held the maximum share of the
market in 2017 which accounted for 40.34% share. The factors such as growing
concern regarding public safety, rapid urbanization, market penetration of
Internet of Things (IoT), etc. are projected to lead the expansion of the
global market in the foreseeable future.
North America is the
second largest market and held 30.76% share of the global public safety LTE
market in 2017. The future trajectory of the regional market is dominated by
technological developments and its early adoption. It is forecasted to reach a
valuation of USD 1118 Mn by 2025-end thriving at a CAGR of 23.99%.
Asia Pacific has been
forecasted to grow from USD 145.3 Mn in 2017 to USD 502.6 Mn by the end of
2025. It is estimated to resonate promising potential for expansion and strike
a CAGR of 17.29% during the assessment period. The growth of the market is
expected to be catalyzed by the accelerated adoption of LTE public safety
solutions in China.
The Rest of the World is
likely to exhibit a comparatively steadier but constant growth over the next
couple of years. The Middle East & Africa is presumed to expand at a higher
CAGR than Latin America throughout the projection period.
Table of Content
1 Executive Summary
2 Scope of The Report
2.1 Market Definition 14
2.2 Scope of The Study 14
2.2.1 Research Objectives
14
2.2.2 Assumption &
Limitations 15
2.3 Market Structure 15
3 Market Insights
Continued….
List of Tables
Table 1 Market Synopsis
12
Table 2 List of
Assumptions 15
Table 3 Global Public
Safety Lte Market, By Product, 2020–2027 (Usd Million) 34
Table 4 Global Public
Safety Lte Market, By Application, 2020–2027 (Usd Million) 37
Table 5 Global Public
Safety Lte Market, By Region, 2020–2027 (Usd Million) 39
Continued….
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List of Figures
Figure 1 Global Public
Safety Lte, Market Outlook 2020-2027 (Usd Million) 11
Figure 2 Global Public
Safety Lte Market: Market Structure 15
Figure 3 Global Public
Safety Lte Revenue (Usd Million) Comparison, By Regions (2013 Vs 2020 Vs 2027)
17
Figure 4 Global Public
Safety Lte Market Growth Rate, By Region (2020-2027) 17
Figure 5 North America
Public Safety Lte Market, Growth Rate (2020-2027) 18
Continued…..
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