Attractive Opportunities in Critical Communication Market


Posted March 27, 2020 by ctom7000

What are the major technologies used for critical communication and its impact on the critical communication market and growth trends in the respective technology?
 
March 27, 2020 — The critical communication market is expected to grow from USD 13.9 billion in 2019 to USD 19.8 billion by 2024, at a CAGR of 7.4%. Advanced features of critical communication network, increase the need to modernize old equipment, and high demand for critical communication solutions from diverse industries such as public safety, transportation & medical are the major driving factors for the market’s growth during the forecast period.

Owing to factors such as the critical communication infrastructure includes group calling, rapid voice call setup, and high-quality audio and video. Complex systems incorporating trunking and digital capabilities enable multiple features, such as video conferencing and real-time HD videos. Also, modern critical communication networks have state-of-the-art features such as multi-network operation with spectrum sharing techniques, network security capabilities, temporary deployable systems, and quality of services.

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Hardware to dominate critical communication market during the forecast period

A few of the vital components forming a critical communications system are command and control systems, infrastructure equipment, and end-user devices. Hardware is expected to hold a larger share of the critical communication market, because of the rising demand from the ongoing as well as new deployment of critical communication networks in various end-use verticals such as public safety, transportation, utilities, mining, others. Moreover, major developments in oil and gas plants to improve their operations through intrinsically safe and highly reliable networks and concerns toward public safety and security are the key factors fueling the growth of the market.

LTE technology to account for the highest demand in the critical communication market during the forecast period

LTE is the next global standard for critical communications, according to several industry representatives, consultants, and end-users. Factors such as the adoption of LTE by FirstNet by public safety organizations in the US, the inclination of the UK Home Office toward LTE, and plans of South Korea to build a nationwide LTE network for public safety are driving the development of LTE for critical communications. The requirements of public safety communications are rapidly changing, involving the adoption of broadband-based multimedia applications, remote surveillance, and robotic technologies such as unmanned aerial vehicles (UAVs). As a result, public safety agencies are replacing their narrowband public safety networks with LTE-based networks.
North America to hold a major share of the critical communication market during the forecast period

North America is currently leading the global critical communication industry, followed by Europe and Asia Pacific, mainly due to ongoing technological advancements and rising adoption of digital LMR products by government and commercial sectors. The US government made the interoperability standard available to ensure efficient use of LMR technology products and fast and uninterrupted communication in case of catastrophic situations, such as the September 11 attack or Hurricane Katrina. North America is considered to be the most advanced region with regard to the adoption of critical communication technology and infrastructure. The protection of critical infrastructure is considered to be the most severe economic and national security challenge by the government of these countries.

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Key Market Players

Key players in the market include Motorola Solutions (US), Ericsson (Sweden), Nokia (Finland), Huawei (China), AT&T (US), Hariss (US), ZTE (China), Cobham Wireless (UK), Inmarsat (UK), Hytera (China), JVCKENWOOD Corporation (Japan), Mentura Group (Finland), Tait Communications (New Zealand), Telestra (Australia), Ascom (Switzerland), Zenitel (Belgium), Leonardo (Italy), Secure Land Communications (France), and Simoco Wireless Solutions (UK).

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Contact Email [email protected]
Issued By Tom
Country United States
Categories Technology , Telecom
Tags Critical Communication Market
Last Updated March 27, 2020
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