Public Safety Lte Market Size 2021 By Latest Innovation, Business Trends, Pricing Analysis, Emerging Technology, Prominent Players, New Project Investment, Development Status and Forecast to 2025

New York, United States, Fri, 08 Jan 2021 07:04:03 / Comserve Inc. / -- The valuation of the global market is prognosticated to reach USD 3,246.5 Mn towards the end of 2025 from USD 690.3 Mn in 2017

Global Public Safety LTE Market Research Report: By Product (Private LTE, Commercial LTE, Hybrid LTE), By Application (Law Enforcement and Border Control, Emergency Medical Services, Firefighting Services, Disaster Management) – Forecast to 2025

As per Market Research Future (MRFR)'s analysis, the global public safety LTE market is estimated to mark a CAGR of 22.07% during the forecast period 2018 to 2025. The valuation of the global market is prognosticated to reach USD 3,246.5 Mn towards the end of 2025 from USD 690.3 Mn in 2017. The market is expected to grow constantly over the next couple of years owing to the accelerated adoption of LTE by the governments globally for ensuring public safety.

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The rising threat of crimes and natural disasters have led to an upsurge in demand for LTE as it enhances efficiency and effectiveness of the public safety solutions. In addition, the reduction of connectivity issues in networks enabling transfer of high volumes of data is prognosticated to boost the growth trajectory of the public safety LTE market in the forthcoming years. The technological developments are presumed to dominate the expansion of the global market. For instance, the introduction of LTE-Advanced is poised to dictate the market growth over the next couple of years. On the flip side, the large-scale market presence of the traditional legacy systems is expected to check the proliferation of the public safety LTE market over the assessment period.

This MRFR report offers a detailed segmental analysis of the global public safety LTE market based on product and application. By product, the market is segmented into private LTE, commercial LTE, and hybrid LTE. Among these, the commercial LTE segment had the largest customer base in 2017 and was valued at USD 278.8 Mn. The segment is projected to expand at a relatively higher CAGR of 24.7% over the assessment period reaching a valuation of 1134.6 Mn by 2025-end. Meanwhile, the private LTE segment is expected to get hold of the maximum market share in the foreseeable future. The segment is estimated to be valued at USD 1222.9 Mn towards the end of 2025.

By application, the global public safety LTE market has been segmented into law enforcement and border control, emergency medical services, firefighting services, and disaster management. Among these, the law enforcement & border control segment held the maximum share of the global public safety LTE market in 2017. It is forecasted to value at USD 1036.1 Mn by the end of 2025 striking a CAGR of 21.4% during the projection period. Meanwhile, the disaster management segment is poised to expand at the highest CAGR of 24.93% during the review period. It is also estimated to emerge as the largest segment valuing at USD 1190.8 Mn by the end of 2025.

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Regional Analysis:

The global public safety LTE market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Among these, Europe is expected to hold the maximum share of the global market and emerge as the fastest growing regional market over the assessment period. The valuation of the market is projected to grow from USD 278.5 Mn in 2017 to USD 1511.6 Mn by the end of 2025. It is poised to strike a CAGR of 24.15% over 2025.North America is poised to secure the second spot in the global public safety LTE market through the forecast period. The region is conducive to growth and is presumed to thrive at a strong CAGR of 23.99% in the foreseeable future.

Asia Pacific resonates strong growth opportunities and is anticipated to expand at a healthy growth rate. The public safety LTE market in the region is forecasted to reach a valuation of USD 502.6 Mn by the end of 2025 from USD 145.3 Mn in 2017. China is prognosticated to become a major country-level market responsible for expediting the expansion of the global market.The Rest of the World is expected to command the least share of the global public safety LTE market. It has been estimated to thrive at a CAGR of 10.04% throughout the projection period. The Middle East & Africa is expected to drive the growth of the regional market in the upcoming years.

Competitive Tracking:

 Some of the key players profiled in the report are AT&T Inc., Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., Samsung Electronics, Bittium, Nokia Corporation, Cobham PLC, Motorola Solutions, Airbus SE, and General Dynamics Corporation.

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Market Research Future (MRFR)'s report reveals that the global public safety LTE market is likely to remain highly lucrative in the foreseeable future. It is projected to strike a CAGR of 22.07% during the forecast period 2018 to 2025. The valuation of the market is expected to reach USD 3,246.5 Mn over 2025. Public safety is a crucial concern for the governments which has intensified the demand for public safety LTE technology. The efficiency of LTE solution in responding to an emergency is likely to catapult the public safety LTE market on the trajectory of growth.

Technological innovations such as the introduction of LTE-advanced has paved the way for accelerated adoption of the technology to ensure public safety. In addition, the rapid urbanization has further generated demand for the safety of life and property. It has led to an upsurge in demand for remote surveillance and unmanned operations, thus, favoring the expansion of the global market. However, the widespread dependency on traditional legacy systems is likely to hinder the growth of the public safety LTE market through the projection period.

Report overview:

This MRFR report offers an outlook for the global public safety LTE market. It also sheds light on the current market status and latest developments. For market sizing, different products such as commercial LTE, hybrid LTE, and public LTE are profiled. A revenue assessment of the market based on application covers law enforcement and border control, emergency medical services, firefighting services, and disaster management. The geographical analysis of the global public safety LTE market encompasses North America, Europe, Asia Pacific, and the Rest of the World.

Companies Covered:

AT&T Inc., Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., Samsung Electronics, Bittium, Nokia Corporation, Cobham PLC, Motorola Solutions, Airbus SE, and General Dynamics Corporation.This MRFR report covers historical trends, market dynamics, forecast, key players' market share analysis, and market factor analysis that includes supply chain analysis and Porter's five forces analysis. The report also includes the value of the global public safety LTE market by region as well as segmentation and a country-level analysis for each segment.

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Research Methodology:

MRFR strives to employ robust methodologies for an accurate representation of the market foresight. A detailed assessment of the key market elements is offered backed by data curated from primary and secondary research. Both primary and secondary research covers a wide spectrum of sources such as interviews with top-notch executives (MDs, CEOs, VPs, Business Development Managers, etc.), questionnaires, surveys, SEC filings, whitepaper references, published annual reports and paid database services among others. Top-down and bottom-up approaches leveraged validate and re-validate the authenticity of the statistical observations offered in the report. In addition, a multi-layer verification process further reaffirms the premium quality of the market foresight.

Other Description:

Market Denomination USD Mn

Base Year 2017

Forecast Period 2018 – 2025

Segmental Analysis:

By Product

Commercial LTE

Private LTE

Hybrid LTE

By Application

Law Enforcement and Border Control

Emergency Medical Services

Firefighting Services

Disaster Management

Intended Audience

Research organizations

Professional service providers

Public safety LTE service providers

Research and development companies

Market research and consulting firms

Solution providers

Technology standards organizations

Technology investors

System Integrators

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