Public Safety LTE and Mobile Broadband Market 2022
With global economy on the verge of recovery, digital adoption as well as transformation is being witnessed, that too, at the higher level. Also, implementation of the IoT technologies within a short time-span is actually meant to change business paradigm. 5G network would be deployed through fiber optics. This would be the behavior of Public Safety LTE and Mobile Broadband Market pertaining to telecommunication vertical going forward.
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The global Public Safety LTE and Mobile Broadband market to poised to grow atrociously in the subsequent decade. Artificial Intelligence is expected to have an indelible impact on the day-to-day functionalities. It has already made a beeline to speech and image recognition, smartphone personal assistants, navigation apps, ride-sharing apps, and likewise. This would also help in generating greater employment opportunities. This would be the scene with ICT vertical in the forecast period.
The global public safety LTE and mobile broadband market was valued at around US$ 11 Bn in 2019, and this value is projected to rise at an impressive CAGR of 18% over the forecast period of 2020 – 2030. This strong growth rate can be attributed to the implementation of nationwide public safety LTE and mobile broadband across countries such as the United States, United Kingdom, and South Korea.
Mission-critical communications have primarily relied on conventional technologies such as P25 and TETRA. However, cellular communication applications have evolved at a great pace to accommodate multimedia calling, wideband audio, and high bandwidth data connectivity. First responders require Land Mobile Radio (LMR) communication technology that has not prospered at the same pace, and mission-critical cellular communication methods have not yet evolved to offer the required mission-critical communication abilities. This lack of capability makes public safety LTE and mobile broadband a much preferred option. It supports communication technologies such as peer-to-peer communicational operations and Push-To-Talk (PTT) communication.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Cobham Wireless, Hytera, AT&T, Bittium, Huawei, Harris, Nokia, Motorola Solutions, Airbus, General Dynamics and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Public Safety Lte And Mobile Broadband.
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Key Takeaways from Public Safety LTE and Mobile Broadband Market Study
- Public safety LTE and mobile broadband is a viable alternative to conventional cellular communication technologies.
- Spectrum-related scarcities and high implementation costs are restricting market growth.
- The COVID-19 pandemic is having a positive impact on the adoption of public safety LTE and mobile broadband.
- The public safety LTE and mobile broadband markets in Latin America and the Middle East and Africa will present the most lucrative opportunities over the coming years.
“Implementation of public safety LTE and mobile broadband is being driven by national governments striving to establish nationwide broadband network coverage to prevent or at least minimize damage to property and loss of life due to natural calamities, minimize socio-economic effects of cyber-attacks, and tackle terrorist attacks,” says a PMR analyst.
Focus of Public Safety LTE and Mobile Broadband Market Players on Technological Innovation
Some of the key players operating in the global public safety LTE and mobile broadband market are Cobham Wireless, Hytera, AT&T, Bittium, Huawei, Harris, Nokia, Motorola Solutions, Airbus, and General Dynamics. These market players captured around 85% of the global public safety LTE and mobile broadband market in 2019.
- Promising players in the global public safety LTE and mobile broadband market are striving to gain entrance to public-private partnerships.
- Well-established players are relying on distributors and system integrators to fulfill service level agreements.
Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others
Key Stakeholders
Public Safety Lte And Mobile Broadband Market Manufacturers
Public Safety Lte And Mobile Broadband Market Distributors/Traders/Wholesalers
Public Safety Lte And Mobile Broadband Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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