The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Professional Mobile Radio (PMR) Global Market Report 2024 offers crucial insights into the professional mobile radio (PMR) market help businesses analyse and build stronger strategies.

Rapid Market Growth

The professional mobile radio (PMR) market has witnessed significant growth in recent years.

• 2023 to 2024 Growth: Expected to rise from $23.11 billion to $26.26 billion, with a CAGR of 13.6%.
• Historic Factors: Increased globalization, adoption of remote work, demand for mobile communication, and government regulations have contributed to this growth.

Future Growth Predictions

Anticipated rapid expansion is on the horizon for the PMR market.

• 2024 to 2028 Growth: Projected to reach $44.41 billion by 2028, with a CAGR of 14.0%.
• Key Growth Drivers:
  • Usage of land mobile radios
  • Need for interoperable communication
  • Expansion of broadband networks
  • Growing threat of cyberattacks
  • Rising concerns about environmental sustainability

Impact of Public Safety Concerns

Driving Market Growth

Rising public safety concerns are set to propel the PMR market forward.

• Increased Adoption: PMR solutions are essential for public safety, ensuring effective communication during emergencies.
• Factors Contributing to Concerns: Global events, socioeconomic disparities, environmental factors, and social-political dynamics.
• Statistics: Instances like reported crime against women and homicides underline the importance of robust communication systems.

Read The Full Professional Mobile Radio (PMR) Market Report Here:
https://www.thebusinessresearchcompany.com/report/professional-mobile-radio-pmr-global-market-report

Key Players in the Market

Major companies driving innovation in the PMR market include:

• Airbus SE
• Rostec
• Ericsson
• Thales Group
• L3Harris Technologies Inc.
• Motorola Solutions Inc.
• Maxon America Inc.
• JVCKenwood Corporation
• SITA
• VIAVI Solutions Inc.
• Kontron AG
• Anritsu Corporation
• Hytera Communications Corporation Limited
• Icom Inc.

Innovations in Digital Mobile Radio

Driving Efficiency

Companies are focusing on innovative digital mobile radio solutions for enhanced communication efficacy.

• Digital Mobile Radio (DMR): Utilizes digital standards for voice and data transmission on non-public radio networks.
• Advancements: Better audio quality, noise reduction, and improved reliability in various work environments.
• Example: Hytera Communications Corporation Limited introduced a line of professional mobile radios featuring 5G, DMR, and LTE technologies for seamless operations.

Strategic Acquisitions

Expanding Services

Strategic acquisitions play a crucial role in expanding service offerings.

• Motorola Solutions Inc. Acquires TETRA Ireland Communications Limited: Aims to enhance mission-critical voice and data communications in Ireland.
• Benefits: Strengthens managed and support services business, delivering superior communication solutions to organizations.

Market Segmentation

The PMR market is segmented based on various factors:

• Frequency: VHF (25 MHz–174 MHz), UHF (450 MHz–512 MHz), SHF (700 MHz and Above)
• Technology: Digital, Analog
• Application: Commercial, Public Safety

Regional Insights

North America’s Dominance

• Market Leader: North America held the largest share in the PMR market in 2023.
• Future Outlook: Continued leadership driven by technological advancements and widespread adoption across industries.

The professional mobile radio market continues to evolve, driven by the need for effective communication solutions in various sectors. As public safety concerns rise and technological innovations advance, PMR solutions are becoming increasingly vital for ensuring seamless communication and coordination during critical situations. With strategic acquisitions, innovative solutions, and a focus on interoperability and reliability, the PMR market is poised for sustained growth in the coming years.Top of Form

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The Professional Mobile Radio (PMR) Global Market Report 2024  provides a comprehensive outlook of the professional mobile radio (PMR) market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The professional mobile radio (PMR) market forecast offers a thorough analysis on professional mobile radio (PMR) market size, professional mobile radio (PMR) market share, prominent players and their strategies.

The Table Of Content For The Professional Mobile Radio (PMR) Market Include:
1. Professional Mobile Radio (PMR) Market Executive Summary
2. Professional Mobile Radio (PMR) Market Segments
3. Professional Mobile Radio (PMR) Market Size And Professional Mobile Radio (PMR) Market Growth Rate
4. Key Professional Mobile Radio (PMR) Market Trends
5. Major Professional Mobile Radio (PMR) Market Drivers
……
25. Key Mergers And Acquisitions In The Professional Mobile Radio (PMR) Market
26. Top Professional Mobile Radio (PMR) Companies
27. Professional Mobile Radio (PMR) Market Opportunities And Strategies
28. Professional Mobile Radio (PMR) Market, Conclusions And Recommendations
29. Appendix

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