Market Highlights
Market Research Future (MRFR)’s latest report covers the global public safety LTE market 2020 and the latest trends that are expected to gain traction during the forecast period (2018 to 2025). MRFR says that the market is likely to remain highly profitable and can post a remarkable growth rate of 22.07% during the appraisal period. The market valuation by 2025 is estimated to be USD 3,246.5 Mn, projects MRFR.
Top Drivers and Main Barriers
Touted to be the latest de-facto standard for public safety broadband communications, LTE has been gaining immense momentum in the public safety sector as a feasible alternative to non-cellular technologies like Land Mobile Radio (LMR). While renowned public safety communications companies like Motorola Solutions Inc. strongly support LMR, the public safety LTE market is expanding rapidly with the efforts of leading technology suppliers as well as communications service providers.
Today’s LMR networks face issues with respect to mobility and roaming between networks for various reasons, such as the lack of a common technology between the organizations that assist with the response, even after being located in nearby entities. Given these reasons, LMR is rapidly being replaced by next-generation systems that are enabled with the Long Term Evolution (LTE) cellular communications standard.
Fast-paced urbanization across various regions has boosted the demand for the safety of life and property. This has ramped up the demand for remote surveillance as well as unmanned operations, thus, leading to the expansion of the global public safety LTE market.
Public Safety LTE Market Trends
E-UTRAN
E-UTRAN refers to the air interface of LTE technology that makes extensive use of orthogonal frequency division multiple access (OFDMA) for downlink as well as single-carrier frequency divisional multiple access (SC-FDMA) for uplink. The expansion of the E-UTRAN segment in the public safety LTE industry for infrastructure is a rising trend, backed by the surging number of new public safety projects in Europe, especially in Finland, France, and the UK, along with Asian countries like Japan and South Korea.
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Segmentation:
The prime segments, such as product and application have been listed in the report for a detailed assessment of the global market for public safety LTE.
Given the product segment, the market comprises commercial LTE, hybrid LTE as well as private LTE. The private LTE segment is likely to garner a relatively bigger customer base by 2025 and procure a valuation of USD 1222.9 Mn the same year. The commercial LTE segment is projected to record the highest growth rate of 24.7% in the following years.
The various applications of public safety LTE are emergency medical services, law enforcement, and border control, disaster management and firefighting services. Out of these, the law enforcement and border control segment led the worldwide market in the year 2017. The segment is prognosticated to expand significantly in the coming years on account of the soaring demand for surveillance as well as control in the border areas. The disaster management segment can progress at a relatively higher growth rate of 24.93% during the appraisal timeframe. It is estimated to seize a maximum share in the public safety LTE market and can be worth USD 1190.8 Mn by the end of 2025.
Regional Outlook
The regions across which the public safety LTE market size is anticipated to expand at a rapid pace in the near future include Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW).
In 2017, Europe commanded the global market with the largest share of 20.34%. The regional market is performing quite well on the back of the rising need for strong security measures as well as compliance management. This has been the case due to the surging online public safety applications that carry out video surveillance activities coupled with the increase in image and video sharing. The European market also benefits from the rising demand for unmanned vehicles.
North America, in 2017, was identified as the second leading market for public safety LTE with a share of 30.76%. The future growth prospects of the regional market look promising, thanks to the technological advancements and the early adoption of the latest technologies. The market in North America is deemed to touch a valuation of USD 1118 Mn by 2025-end and can develop at a rate of 23.99%, estimate MRFR analysts.
The APAC market valuation by the end of 2025 can be USD 502.6 M, after having reached a valuation of USD 145.3 Mn in 2017. The market resonates a high expansion potential and can record a robust CAGR of 17.29% in the ensuing years. The market growth in the region can be catalyzed by the increasing adoption of LTE public safety solutions across China and India.
The market for public safety LTE shares in RoW can mushroom at a steady pace in the next couple of years, with MEA presumed to progress at a higher growth rate compared to that of Latin America in the years ahead.
Renowned Players
The highly renowned players contributring towards public safety LTE growth in the market include Nokia Corporation, Cisco Systems, Inc., General Dynamics Corporation, Samsung Electronics, Bittium, Cobham PLC, AT&T Inc., Motorola Solutions, Telefonaktiebolaget LM Ericsson, Airbus SE, and others.
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