Global Public Safety-LTE market is expected to witness a huge growth over the forecast period. IN 2019 the PS-LTE will be accounted for 4.2 billion. This market is expected to grow at CAGR of 18.3% over the period of 2020 to 2026.
The on-going lockdown across the globe has negatively impacted the public safety market. Many companies remained shut down for a longer period which has affected the supply chain. With the current social distancing norm it has become difficult for companies to find vendors for supplying equipments.
For more details, visit: Global Public safety-LTE Market By Product(Commercial, Private, Hybrid), By Services(Consulting, Integration, Maintenance, Others), By Application(Law Enforcement and border control, Emergency Medical Services, Others), By Region–Forecast & Opportunities to 2026
The global pandemic has increased the demand for some new kinds of communication systems for the people who are constantly working in these pandemic like fire fighters, police, doctors, nurses etc. Such public safety operators working non-stop, need to work in cross-functional teams. LTE in Public safety sector has introduced an efficient way in which everyone can be connected with each other one work efficiently. This has created huge opportunity in this field.
Public safety-LTE market is segmented based on product into Private-LTE, Hybrid-LTE and Commercial-LTE. Out of all this segments the commercial-LTE market is expected to witness huge growth. It is projected to account for maximum market share over the forecast period.
Based on services, the public safety LTE market has been segmented into consulting, maintenance and integration services. The integration services is expected to register growth at highest CAGR during the forecast period as major enterprises across the globe are adopting integration services driving this market to witness growth at highest CAGR
Public safety-LTE market is segmented into Law Enforcement and border control, Emergency Medical Services, Firefighting Services and Disaster management. Out of all these sectors the Law Enforcement and border control application sector is expected to witness highest growth over the forecast period of 2020-2026.
North America region market size valued USD XX million in 2019. It is projected to grow at a CAGR of XX% during the period of 2020-2026. However, Europe is considered to be a hub of technology. This region is expected to witness huge growth and it is projected to experienced largest market share during the forecast period. There is a strong requirement of public safety measures in this region. Technological advancement is a major driving force in this region during the forecast period
The key players in PS-LTE Sector are contributing more toward technological advancement. The key players in this sector are Airbus SE, Motorola Solution, Cobham PLC, Nokia corporation, Bittium, Samsung Electronics, Cisco, AT&T Inc, Telefonaktiebolaget LM, Ericsson, Huawei, Kyocera, Harris Corporation, Sierra Wireless, Leonardo and General Dynamics Corporation.
- What are the expected industry trends over the next three to five years?
- Which of the public safety-LTE product is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?