the global professional mobile radio market is expected to reach US$ 36,285.7 Mn by 2026, expanding at a CAGR of 9.8% from 2018 to 2026. According to the report, the global market is expected to be influenced by a range of macroeconomic and industry-specific factors. North America is estimated to be at the forefront of global demand, with the market in the region expanding at a CAGR of more than 9.0% through 2026. Technical advancements, increased digitization, and the presence of a large number of professional mobile radio manufacturers are anticipated to significantly influence the global professional mobile radio market in North America.
Growing significance of efficient critical communication operations across the world and increasing adoption of digital technology in the communication sector driving the global professional mobile radio market
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Furthermore, convergence of public and private LTE network with PMR technology is expected to boost the demand for PMR devices across different application areas during the forecast period. Moreover, increased presence of a number of professional mobile radio manufacturers and post-sale service providers across the regions has led to a subsequent rise in the demand for professional mobile radio devices, which is likely to propel the market during the forecast period.
The global professional mobile radio market is broadly segmented based on technology into digital and analog. According to the research study, the digital technology segment of the market held a prominent share and is anticipated to maintain its dominant position, both in terms of revenue and volume, during the forecast period. The digital technology segment is further sub-segmented into TETRA (Terrestrial Trunked Radio), TETRAPOL, project 25 (P25), DMR (Digital Mobile Radio) and others (NXDN, dPMR, PDT). Among the sub-segments, project 25 accounted for a major share, globally, followed by the DMR sub-segment, in terms of revenue and volume. Moreover, the project 25 sub-segment is expected to expand significantly during the forecast period. The research study includes professional mobile radio market analysis by regions, which is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America held a significant share of the professional mobile radio market, in terms of revenue, in 2017. The market in the region is anticipated to expand at a CAGR of 9.1% during the forecast period. Analyzing the North America professional mobile radio market at country level, the U.S. is expected to hold a prominent share of the professional mobile radio market in North America, followed by Canada, in 2026. However, the market in Asia Pacific is anticipated to expand at a considerable CAGR during the forecast period.
The research study includes profiles of leading companies operating in the global professional mobile radio market. Profiles of market players details on company business overview, broad financial overview, business strategies, and recent developments. Key players operating in the professional mobile radio market as profiled in the study include Sepura PLC., Motorola Solutions, Inc., Harris Corporation, JVCKenwood Corporation, Tait Communications, Codan Radio Communications, Hytera Communications Corporation Limited, and Raytheon Company.