PUBLISHER: The Business Research Company | PRODUCT CODE: 1484849
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484849
Professional mobile radio (PMR) encompasses wireless communication systems employed by businesses and organizations to ensure reliable and secure voice and data transmission via radio frequencies, typically utilizing handheld or vehicle-mounted radios. These systems facilitate two-way communication, enabling users to send and receive messages efficiently across various professional environments.
The primary categories of professional mobile radio frequencies comprise 25 MHz-174 MHz (VHF), 450 MHz-512 MHz (UHF), and 700 MHz and above (SHF). The VHF range spans electromagnetic waves from 25 to 174 megahertz (MHz) and incorporates diverse technologies, including digital and analog, catering to applications in commercial and public safety sectors.
The professional mobile radio (PMR) market research report is one of a series of new reports from The Business Research Company that provides professional mobile radio (PMR) market statistics, including professional mobile radio (PMR) industry global market size, regional shares, competitors with a professional mobile radio (PMR) market share, detailed professional mobile radio (PMR) market segments, market trends, and opportunities, and any further data you may need to thrive in the professional mobile radio (PMR) industry. This professional mobile radio (PMR) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The professional mobile radio (PMR) market size has grown rapidly in recent years. It will grow from $23.11 billion in 2023 to $26.26 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to several factors including the rise in globalization and interconnectivity, increased adoption of remote work practices, growing demand for mobile communication solutions, government regulations and standards, and heightened emphasis on public safety measures.
The professional mobile radio (PMR) market size is expected to see rapid growth in the next few years. It will grow to $44.41 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to several factors, including the rising usage of land mobile radios, the necessity for interoperable communication solutions, the expansion of broadband networks, the escalating threat of cyberattacks, and the growing concerns about environmental sustainability. Major trends anticipated in the forecast period include advancements in radio technology, the development of advanced radio communication systems, integration with internet of things (IoT) and artificial intelligence (AI) technologies, the emphasis on mission-critical communication capabilities, the adoption of long-term evolution (LTE) technology, and the increased utilization of cloud-based solutions.
The escalating focus on public safety is poised to drive growth in the professional mobile radio (PMR) market. Public safety, encompassing the government's responsibility for safeguarding the general public from harm and danger, has become increasingly pertinent due to various factors such as global events, socioeconomic disparities, environmental conditions, and social and political dynamics. Professional mobile radio (PMR) emerges as a critical communication tool, offering extensive coverage and additional components tailored to ensure emergency responders have uninterrupted access to communication channels during critical moments without disrupting civilian network traffic. For instance, according to the National Crime Records Bureau (NCRB), there was a 4% increase in reported cases of crime against women in India in 2022, reaching 4,45,256 cases, while Statistics Canada reported 874 homicides in Canada in 2022, 78 more than the previous year. These statistics underscore the growing adoption of PMR systems driven by heightened concerns for public safety.
Leading companies in the professional mobile radio (PMR) market are prioritizing the development of innovative solutions, notably digital mobile radio (DMR), to gain a competitive edge. DMR, a digital radio standard tailored for PMR systems, is utilized by businesses, governments, and organizations for voice and data transmission on non-public radio networks. For example, Hytera Communications Corporation Limited introduced its line of professional mobile radios in July 2022, featuring cutting-edge technologies such as 5G, DMR, and LTE. These radios, including business radios, DMR radios, Push-to-Talk over Cellular (PoC) radios, and Body Worn Cameras, are engineered to ensure seamless operations for enterprises and government agencies across various work environments in Indonesia, offering clear and reliable digital voice communication with enhanced audio quality and noise reduction.
In March 2022, Motorola Solutions Inc. bolstered its managed and support services business through the acquisition of TETRA Ireland Communications Limited, aiming to enhance its capabilities in delivering mission-critical voice and data land mobile radio (LMR) communications in Ireland. TETRA Ireland Communications Limited provides PMR services through the National Digital Radio Service (NDRS), complementing Motorola Solutions' portfolio and strengthening its position in the Irish market for professional mobile radio solutions.
Major companies operating in the professional mobile radio (PMR) market are 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., Rexon Technology Co. Ltd., Sepura Limited, Zetron Inc., Uniden Holdings Corporation, Simoco Wireless Solutions, Midland Radio Corporation, Ritron Inc., PowerTrunk.com
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 countries covered in the professional mobile radio (PMR) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The professional mobile radio (PMR) market includes revenues earned by entities by providing services such as voice communication, group calling, private calling, emergency communication, text messaging, location tracking, and data transmission. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Professional Mobile Radio (PMR) Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on professional mobile radio (PMR) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for professional mobile radio (PMR) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The professional mobile radio (PMR) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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