According to a market report by Lucintel, the future of the global digital mobile radio market looks promising with opportunities in the aerospace & defense, commercial, transportation, oil & gas, mining, automotive, and industrial markets. The global digital mobile radio market is expected to reach an estimated $8.5 billion by 2030 from $5.5 billion in 2023, at a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are growing importance of optimizing critical communication operations for public safety responders, increase in the occurrence of crime, terrorism, and natural disasters, and rising demand for upgradation of radio communication infrastructure.
A more than 150-page report to understand trends, opportunity and forecast in digital mobile radio market to 2030 by frequency (25 to 174 MHz, 200 to 512 MHz, and more than 700 MHz), tier [tier 1 (unlicensed), tier 2, and tier 3], product type (hand portable and in-vehicle), end use industry (aerospace & defense, commercial, transportation, oil & gas, mining, automotive, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that more than 700 MHz is expected to witness highest growth over the forecast period .
Within this market, commercial will remain the largest segment.
North America is expected to witness highest growth over the forecast period.
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Mcs Digital, L3Harris Technology, BK Technologies, Leonardo, Simoco Wireless Solutions, Thales Group, Tait Communications, Raytheon Technologies Corporation, Motorola Solutions, Hytera Communications are the major suppliers in the digital mobile radio market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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