Public Safety LTE Market for Services is expected to grow at The Highest Rate between 2018-2023


Posted July 1, 2019 by robertemma27

The public safety LTE market for the hybrid LTE deployment model is expected to grow at a high rate between 2017 and 2023
 
The public safety LTE market is expected to grow at a double digit CAGR during the forecast period. The market is expected to reach USD 3,091.3 Million by 2023 from USD 642.8 Million in 2016, growing at a CAGR of 25.7% between 2017 and 2023.

The objective of the report is to provide a detailed analysis of the market based on infrastructure and services, deployment method, application, and geography; as well as highlights the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges); and a detailed value chain analysis.

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The government initiatives toward public safety, interoperability concerns, and rising demand for unmanned operations and remote surveillance is propelling the growth of the market for infrastructure and services.

The market for law enforcement and border control is expected to hold the largest size by 2023. The high number of users in this segment is the major reason for a high share of this application in the said market. The government initiatives on citizen safety and increasing expenditures on public safety and security are expected to drive this market.

The public safety LTE market for end-use devices is projected to grow at the highest CAGR during the forecast period. The high growth rate can be attributed to the demand for end-use devices arising from the implemented public safety LTE networks during the forecast period. Interoperable devices will rule the market for at least a decade. Companies manufacturing end-use devices that are interoperable with LMR or TETRA network will be benefitted the most.

Law enforcement and border control include agencies such as police and military. Broadband in public safety gives law enforcement the advantage to access information, stream video, and collaborate in real time. Law enforcement and border control remains the largest application of public safety LTE.

Europe accounted for the largest share of the overall public safety LTE market in 2016. The establishment of emergency services network (ESN) in Europe is driving the growth of the market.

The market for hybrid LTE is expected to grow at the highest rate during the forecast period. Higher reliability than commercial LTE and lower cost as compared to private LTE are the reasons that are expected to drive the market for hybrid LTE between 2017 and 2023.

Spectrum scarcity is a major restraint for this market, with the usable frequency spectrum extending from ~3 kHz to ~300 GHz only; network planning and spectrum management cannot be neglected.

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The key players in this market are General Dynamics Corporation (US), Airbus SE (Netherlands), Motorola Solutions, Inc. (US), Cobham PLC (UK), Nokia Corporation (Finland), Bittium Corporation (Finland), Samsung Electronics Corporation Limited (South Korea), Cisco Systems, Inc. (US), Ericsson AB (Sweden), AT&T Inc. (US), Mentura Group OY (Finland), Sonim Technologies Inc. (US), Kyocera Corporation (Japan), Leonardo-Societa Per Azioni (Italy), and Hytera Communication Co. Ltd. (China).

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Issued By Emma
Country United States
Categories Mobile , Telecom
Tags public safety lte market
Last Updated July 1, 2019