March 20, 2020
— The public safety LTE market is projected to grow from USD 4.7 billion by 2019 to USD 11.7 billion by 2024; it is expected to grow at a CAGR of 20.2% from 2019 to 2024. Elimination of connectivity issues between networks and increase in demand for unmanned operations and remote surveillance are among the factors fueling the growth of the PS-LTE market globally. High speed and seamless connectivity offered by LTE technology is expected to further supplement the growth of the public safety LTE market.
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E-UTRAN segment to hold the largest size of the public safety LTE market for infrastructure from 2019 to 2024
E-UTRAN is the air interface of LTE technology. It uses orthogonal frequency division multiple access (OFDMA) for downlink and single-carrier frequency divisional multiple access (SC-FDMA) for uplink, along with multiple in multiple out (MIMO) up to four antennas per station. The growth of the E-UTRAN segment of the PS-LTE market for infrastructure can be attributed to new public safety projects being undertaken in Europe, especially in the UK, Finland, and France and in Asian countries such as South Korea and Japan.
Utilities segment of public safety LTE market projected to grow at the highest CAGR during the forecast period
In the utilities vertical, PS-LTE channels are widely used to notify emergencies. Moreover, emergency medical services and firefighting services are also being publicly or privately deployed to ensure the safety of the masses. This vertical uses audio and video surveillance systems for securing people and assets.
Law enforcement & border control segment is expected to grow at the highest rate from 2019 to 2024
Law enforcement & border control agencies include police and military forces. The use of broadband for public safety enables law enforcement & border control agencies to access relevant information, stream videos, and collaborate with control rooms in real-time. Public safety-LTE, which integrates voice communication and data transfer abilities with robust purpose-built systems, devices, and control centers, helps police, military, and other security forces to work safely and smartly by assisting them in improving their real-time decision-making capabilities.
Europe projected to account for the largest size of the public safety LTE market from 2019 to 2024
The growing requirement for strong security measures and compliance management in Europe owing to increase in online public safety applications to carry out video surveillance activities and rise in image and video sharing, as well as an increase in the demand for unmanned vehicles, have made the region a highly lucrative market for vendors of public safety solutions. Several agencies such as the European Union Agency for Network and Information Security (ENISA), the European Computer Emergency Response Team (CERT-EU), and the Network & Information Security (NIS) have been formed in Europe to increase their involvement in the development of public safety networks for the private sector.
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Key market players
The major companies in the public safety LTE market are Motorola Solutions, Inc. (US), General Dynamics Corporation (US), Airbus SE (Netherlands), Nokia (Finland), Harris Corporation (US), Huawei Technologies Co. Ltd. (China), Bittium Corporation (Finland), Samsung Electronics Co. Ltd. (South Korea), AT&T, Inc. (US), ZTE Corporation (China), Hytera Communications Corporation (China), and KT Corporation (South Korea).
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