Comprehensive Professional Mobile Radio (PMR) Market Analysis 2024: Size, Share, And Key Trends
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What is the Expected Growth Rate of the Professional Mobile Radio (PMR) Market from 2024 to 2033?
The professional mobile radio (PMR) market is expected to grow from $23.11 billion in 2023 to $26.26 billion in 2024, with a CAGR of 13.6%. Growth drivers include globalization, remote work trends, demand for mobile communication, and public safety regulations.
The professional mobile radio (PMR) market is projected to grow rapidly, reaching $44.41 billion by 2028 at a CAGR of 14.0%. Growth factors include land mobile radio usage, interoperability needs, and cyberattack concerns. Key trends include advancements in radio technology and integration with IoT.
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What Key Factors Are Fueling the Growth of the Comprehensive Professional Mobile Radio (PMR) Market Analysis 2024: Size, Share, And Key Trends Market?
The increasing focus on public safety is anticipated to boost the growth of the professional mobile radio (PMR) market in the future. Public safety encompasses the government’s role in ensuring the protection and welfare of the general public. Concerns about public safety are rising due to global crises, socioeconomic inequalities, environmental issues, and political dynamics. PMR serves as a vital communication tool, offering extensive coverage and additional features that ensure emergency responders can communicate effectively without disrupting civilian networks. For example, in December 2023, the National Crime Records Bureau (NCRB) reported that India saw a 4% increase in crimes against women, totaling 4,45,256 cases in 2022. Similarly, Statistics Canada reported 874 homicides in Canada for 2022, a rise of 78 from the previous year. Thus, the increasing emphasis on public safety is driving the PMR market.
What Are the Major Segments of the Professional Mobile Radio (PMR) Market?
1) By Frequency: 25 MHz–174 MHz (VHF); 450 MHz–512 MHz (UHF); 700 MHz And Above (SHF)
2) By Technology: Digital; Analog
3) By Application: Commercial; Public Safety
What New Trends Are Transforming the Professional Mobile Radio (PMR) Market?
Major companies in the professional mobile radio (PMR) market are developing solutions like digital mobile radio (DMR) for enhanced communication. In July 2022, Hytera Communications introduced a range of professional radios equipped with DMR and LTE technologies to ensure reliable communication in various settings.
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Which Regions Are Driving Growth in the Professional Mobile Radio (PMR) Market?
North America was the largest region in the professional mobile radio (PMR) market in 2023. The regions covered in the professional mobile radio (PMR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Professional Mobile Radio (PMR) Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the professional mobile radio (pmr) market, its market share, and analyzes key competitors along with their market positions.
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 Template 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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