Report : Europe Public Safety and Government Agencies Mission Critical Communication (MCX) Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware, Software, and Services), and Technology [Land Mobile Radio (LMR), Long-Term Evolution (LTE), and Wi-Fi Mesh]
The Long-Term Evolution (LTE) Segment to Dominate Europe Public Safety and Government Agencies Mission Critical Communication (MCX) Market during 2021-2028
According to a new market research study on “Europe public safety and government agencies mission critical communication (MCX) Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Component, Technology and Country,” is expected to reach US$ 2,729.77 million by 2028 from US$ 1,693.24 million in 2021. The market is estimated to grow at a CAGR of 7.1% from 2021 to 2028. The report provides trends prevailing in the Europe public safety and government agencies mission critical communication (MCX) market along with the drivers and restraints pertaining to the market growth. Rise in the need for reliable network during emergencies and incrementing demand from various government agencies are major factors driving the growth of the Europe public safety and government agencies mission critical communication (MCX) market. However, limitation in spectrum bandwidth may hinder the growth of Europe public safety and government agencies mission critical communication (MCX) market.
The COVID-19 pandemic has significantly affected the market-critical communication industry in Europe, resulting in substantial financial losses for end-user industries, compeling them to postpone their market-critical communication implementation plans. The pandemic impacted operations at key market-critical communication hardware manufacturing sites, requiring a brief halt. As a result, several significant component suppliers and technology providers have shifted their focus on cutting costs and decreasing manufacturing scales. As the demand for electronics remained unaltered, it is helping the market players to resume growth during the recovery period. The increasing adoption of 5G smartphones had some positive impact on the market growth after the lockdown period. Due to continuous upgrades in technology and increased acceptance of digital LMR products by the government and commercial sectors, European countries are exhibiting high adoption of critical communications technology. The US government to enable optimal use of LMR technology products and fast and uninterrupted communication during disasters. Europe is regarded as the most advanced region in terms of essential communication technology and infrastructure adoption.
The market for Europe public safety and government agencies mission critical communication (MCX) is segmented into component, technology, and country. Based on component, the market is segmented into hardware, software, and services. In 2020, the hardware segment held the largest share in Europe public safety and government agencies mission critical communication (MCX) market. Based on technology, the Europe public safety and government agencies mission critical communication (MCX) market is divided into land mobile radio (LMR), long-term evolution (LTE), and WiFi mesh. The WiFi mesh segment is expected to be the fastest growing segment over the forecast period. Based on country, the Europe public safety and government agencies mission critical communication (MCX) market is divided into Germany, France, Italy, UK, Russia and rest of Europe. In 2020, Germany held the largest share in Europe public safety and government agencies mission critical communication (MCX) market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe public safety and government agencies mission critical communication (MCX) market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for public safety and government agencies mission critical communication (MCX).
Ascom Holding AG (Ascom); Globalstar.; Inmarsat Global Limited; Iridium Communications Inc.; SES S.A; Telesat; Thuraya Telecommunications Company; AT&T Inc.; and SPACEX are some of the leading companies in the Europe public safety and government agencies mission critical communication (MCX) market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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