Outlook of the PMR market in North America
Technavio’s market research analyst has estimated the professional mobile radio (PMR) market in North America to grow at an impressive CAGR of more than 12% during the forecast period. The rising demand for reliable and cost-effective solutions for communication will foster the prospects for growth in this market. Organizations like public safety agencies, government agencies, and enterprises seek a transparent communication system to obtain clear communication and efficiency in the network. Advantages like the ability of PMR to provide features like group calls, broadcast calls, prioritization of users, and emergency calls that help in the smooth operation of organizations will result in its increased adoption during the predicted period.
In this market research, analysts have estimated factors like the augmented demand for devices supporting LTE and PMR networks to foster market growth until 2020. Recently, it has been observed that LTE networks are being extensively adopted across the commercial and public safety sectors due to the consumer’s preference for LTE-enabled devices. Due to the high availability of PMR and the prospect of using LTE technology in critical communication processes, the demand for devices that support both LTE and PMR networks will rise among organizations.
Usage-based segmentation and analysis of the PMR market in North America
- Commercial applications
- Public safety
During 2015, the commercial applications segment dominated this market in terms of revenue and is anticipated to retain its dominating hold over the market until 2020 owing to the extensive use of PMR radios in the transportation sector. Extensive market research carried out by analysts at Technavio has shown that the revenues for the commercial applications segment will exceed USD 2.4 billion by 2020.
Segmentation by commercial applications and analysis of the PMR market in North America
- Transportation
- Mining
- Retail
In this market study, analysts have estimated the transportation sector to account for an impressive market revenue of about USD 1,180 million by 2020. During the forecast period, the market will grow steadily as most PMR projects in the transportation sector are in the pilot testing or deployment phase. The extensive use of PMR radios by cab operators to communicate and receive the addresses of people awaiting service will lead to its increased usage during the estimated period.
Competitive landscape and key vendors
The market for PMR in North America is gradually becoming competitive due to the entry of new providers in the market. To gain market shares, it becomes essential for vendors to distinguish their product and service offerings through clear and unique value propositions.
Leading vendors in the market are -
- Airbus Group (Secure Land Communications)
- Harris
- Motorola Solutions
- Thales Group
Other prominent vendors in this market are Cartel Communication Systems, EF Johnson (JVCKENWOOD), EXACOM, Hytera America, ICOM America, JVCKENWOOD, PowerTrunk, Sepura, Simico, SITA, Tait Communications, Teltronic (Sepura), Uniden, and Zetron.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the PMR market in North America?
- What are the key market trends impacting the growth of the PMR market in North America?
- What are the challenges to market growth?
- Who are the key vendors in the PMR market in North America?
- What are the market opportunities and threats faced by the vendors in the PMR market in North America?
- Trending factors influencing the market shares of North America.
- What are the key outcomes of the five forces analysis of the PMR market in North America?
Technavio also offers customization on reports based on specific client requirement.
Related reports