At 8.9% CAGR, the Europe Land Mobile Radio Market is Projected to be worth US$ 3,749.42 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe land mobile radio market was valued at US$ 1,894.44 million in 2022 and is expected to reach US$ 3,749.42 million by 2030, registering a CAGR of 8.9% from 2022 to 2030. Growing importance of effective critical communication operations and increasing demand in emerging markets are the critical factors attributed to the Europe land mobile radio market expansion.             

5G, when combined with technologies such as mobile edge computing and IoT, can improve workplace efficiency and safety, and new solutions such as machine automation or video analytics for quality control or security can be developed. However, the industry does not need to go entirely IP-based and virtual overnight. Operators such as Orange have declared to integrate 5G into industry solutions, while Mastercom collaborates with partners to provide broadband alongside analog radio. Companies such as Motorola Solutions and Tait Communications are developing systems that handle both LMR and broadband communications. For instance, Motorola's MOTOTRBO Ion Smart Radio combines LMR and cellular in a single portable device that runs an Android operating system. In contrast, Tait combines LMR and cellular network integration with radios and ruggedized smartphones to accommodate a variety of scenarios. Vendors should build next-generation networks to complement existing networks, integrating them in useful and secure ways. As companies are moving toward implementing 5G and IoT-based solutions in LMR-related technologies, this would create lucrative opportunities in the Europe land mobile radio market.  

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

Based on type, the Europe land mobile radio market is bifurcated into handheld and In-vehicle. The handheld segment held 58.9% market share in 2022, amassing US$ 1,115.30 million. It is projected to garner US$ 2,413.00 million by 2030 to expand at 10.1% CAGR during 2022–2030.

Based on technology, the Europe land mobile radio market is bifurcated into analog and digital. The digital segment held 40.4% market share in 2022, amassing US$ 765.17 million. It is projected to garner US$ 1,321.10 million by 2030 to expand at 7.1% CAGR during 2022–2030.

Based on frequency, the Europe 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 50.4% market share in 2022, amassing US$ 954.03 million. It is projected to garner US$ 1,974.49 million by 2030 to expand at 9.5% CAGR during 2022–2030.

Based on application, the Europe land mobile radio market is categorized into commercial, industrial, public safety & government, and military. The public safety & government segment held 33.4% market share in 2022, amassing US$ 633.59 million. It is projected to garner US$ 1,344.13 million by 2030 to expand at 9.9% CAGR during 2022–2030.

Based on country, the Europe land mobile radio market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe.  Our regional analysis states that the Rest of Europe captured 25.6% share of Europe land mobile radio market in 2022. It was assessed at US$ 485.45 million in 2022 and is likely to hit US$ 1,077.47 million by 2030, exhibiting a CAGR of 10.5% during 2022–2030.            

Key players operating in the Europe 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 Nov 2019, KENWOOD LAUNCHED A NEW DIGITAL/ANALOGUE TWO-WAY RADIO SERIES.
• In Oct 2022, L3Harris Introduces Iridium DTCS Mission Module, Enhancing Global Connectivity for AN/PRC-163 Tactical Radios.

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