At 11.7% CAGR, the Asia Pacific Land Mobile Radio Market is Projected to be worth US$ 3,562.59 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific land mobile radio market was valued at US$ 1,467.98 million in 2022 and is expected to reach US$ 3,562.59 million by 2030, registering a CAGR of 11.7% from 2022 to 2030. Growing importance of effective critical communication operations and increasing demand in emerging markets are the critical factors attributed to the Asia Pacific land mobile radio market expansion.

Analog radio systems have been in the market for a long time and are still used in many applications. These devices only have voice communications and are also known as professional mobile radios or walkie-talkies. As technology emerged, the demand for a better radio system with data communication technology increased from public safety agencies. Customer choice is evolving away from analog LMR systems and toward advanced digital variations that allow both voice and data connections. These cutting-edge technologies improve signal coverage, speech quality, radio capacity, and battery life. The digital radio systems technology provides voice as well as data communications for use by professionals in mission-critical operations for sharing videos or data and accessing intensive applications. Furthermore, digital radio systems provide several additional features over analog radio systems, such as better coverage, high battery life, better connectivity, and data transmission. This is increasing the demand for digital radio systems as a replacement for their analog counterparts. Several organizations in the market provide digital radio systems confirming different standards for digital wireless communication technology, such as TETRA, DMR, and P25. Transitions from analog to digital radio systems are increasing the applications of radio systems, and as a result, it is driving the land radio mobile market.  

On the contrary, high initial investment and limited spectrum availability hurdles the growth of Asia Pacific land mobile radio market. 

Based on type, the Asia Pacific land mobile radio market is bifurcated into handheld and In-vehicle. The handheld segment held 58.7% market share in 2022, amassing US$ 861.13 million. It is projected to garner US$ 2,259.67 million by 2030 to expand at 12.8% CAGR during 2022–2030.

Based on technology, the Asia Pacific land mobile radio market is bifurcated into analog and digital. The digital segment held 55.1% market share in 2022, amassing US$ 809.30 million. It is projected to garner US$ 2,119.40 million by 2030 to expand at 12.8% CAGR during 2022–2030.

Based on frequency, the Asia Pacific land mobile radio market is categorized into 25 - 174 VHF, 200 - 512 UHF, and 700 MHz and above. The 700 MHz and above segment held 54.2% market share in 2022, amassing US$ 796.00 million. It is projected to garner US$ 2,016.41 million by 2030 to expand at 12.3% CAGR during 2022–2030.

Based on application, the Asia Pacific land mobile radio market is categorized into commercial, industrial, public safety & government, and military. The public safety & government segment held 35.5% market share in 2022, amassing US$ 520.84 million. It is projected to garner US$ 1,348.06 million by 2030 to expand at 12.6% CAGR during 2022–2030.

Based on country, the Asia Pacific land mobile radio market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific.  Our regional analysis states that China captured 33.2% share of Asia Pacific land mobile radio market in 2022. It was assessed at US$ 487.52 million in 2022 and is likely to hit US$ 1,214.49 million by 2030, exhibiting a CAGR of 12.1% during 2022–2030.

Key players operating in the Asia Pacific land mobile radio market are Icom Inc, Sepura Ltd, Hytera Communications Corp Ltd, JVCKENWOOD Corp, L3Harris Technologies Inc, Motorola Solutions Inc, Tait Communications Ltd, Simoco Wireless Solutions Ltd, and Thales SA, among others.

• In Mar 2023, Motorola Solutions Secured $340M Contract to Support USAF's Land Mobile Radio Network.
• In Nov 2022, Tait and Kordia Secure Contract to Deliver P25 Critical Communications EMS Network Across New Zealand.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com