Published on : Aug 22, 2016
ALBANY, New York, August 22, 2016: ResearchMoz.us has announced that its repository now features a report titled “Global Public Safety LTE Devices Market 2016-2020.” The report offers key insights into various aspects such as top vendor offerings, historical data, and future projections of growth and revenue of the global public safety LTE devices market. It presents a detailed study of drivers, restrains, opportunities, and trends in the market. The key players in the market are mentioned in the report along with their product portfolios. The research report thus provides qualitative and quantitative insights into the global public safety LTE devices market.
The report discusses the transformation the public safety LTE devices industry has undergone in the last few years due to the changing end user preferences. For instance, there is a growing application of LTE in private and public safety agencies for convenient communication. Based on the report, the global public safety LTE devices market is anticipated to expand at an 18.52% CAGR between 2016 and 2020. The report calculates the growth of the global public safety LTE devices market considering its spectrum flexibility, booming network, and performance metrics.
The report gives a detailed description of the factors influencing the growth of the global public safety LTE devices. The increasing cases of natural disaster and terrorism have made it vital for many countries across the globe to adopt effective measures to cope with such events. This scenario is leading to the growth of the global public safety LTE devices market. LTE devices enable communication of the right information to the right individual at the most crucial time for safety and security reasons. Personnel such as police officers and firemen responding to an incident can access data through these devices and prepare themselves accordingly.
Another factor acting as a driver for the growth of the global public safety LTE devices market is the increasing research and development initiatives in the field of communications. Several players are engaging more workforce and capital in R&D to develop public safety LTE devices.
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However, the global public safety LTE devices market is still in its nascent stage and the strong presence of alternative services such as PMR and LMR technologies is hampering the growth of the market. Another factor challenging the growth of the global public safety LTE devices market is the rising cross-border security issues. Nevertheless, the continuous development in the field of public safety LTE devices is likely to resolve these issues. Moreover, the increasing shipment of devices supporting LTE networks is likely to provide notable opportunities to the growth of the global public safety LTE devices market.
The report also discusses the segmentation of the market by various criteria. Based on device type, the global public safety LTE devices market has been segmented into handheld devices, router and modules, and enhanced node B (eNB). The eNB segment is the leading segment due to its success in data-intensive markets, and is anticipated to reach about US$1 bn by the end of 2020.
By geography, the market is segmented into North America, Asia Pacific, EMEA, and South and Central America. North America emerged as the leading regional market in 2015, when the segment accounted for nearly 49% of the global public safety LTE devices market. The growing awareness about the presence and benefits of public safety technologies will maintain the region’s strong growth rate in the near future as well.
In the final section, the report presents a comprehensive study of the competitive landscape of the public safety LTE devices market. The report talks about the market share, revenue generation, latest developments, and market strategies of key players in the industry. The competition in the market is anticipated to become more intense in the coming years, with companies actively working on the implementation of advanced LTE devices independently or along with channel partners to consolidate their market position. The key vendors mentioned in the report are Motorola Solutions, General Dynamics Mission Systems, Alcatel-Lucent, Harris, and Raytheon. Some of the other prominent vendors are Airspan Networks, Huawei Technologies, Airbus, Ericsson, Cisco Systems, and ZTE.
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