Report : North America Mission Critical Communication Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware, Software, and Services), Technology [Land Mobile Radio (LMR) and Long-Term Evolution (LTE)], and Vertical (Public Safety and Government Agencies, Transportation, Energy and Utilities, Mining, and Others)
At 7.1% CAGR, the North America mission critical communication market is speculated to be worth US$ 7,844.15 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America mission critical communication market was valued at US$ 5,192.49 million in 2022 and is expected to reach US$ 7,844.15 million by 2028, registering an annual growth rate of 7.1% from 2022 to 2028. The increase in investments in new product initiative by players and increase in adoption of mission critical communication systems from energy & utility sector are the critical factors attributed to the market expansion.
The players operating in the mission critical communication market have increased their investments in the development of new and advanced systems and solutions, owing to the growing demand for mission critical communication solutions across end-use industries, including public safety & government, transportation, energy & utilities, mining, and defense. Motorola Solutions, Inc.; Nokia; Thales Group; Ericson; and Hytera Communication Corp Ltd are among the players operating in the market. A few of the major development initiatives adopted by the key market players are, In April 2019, Nokia and Nordic Telecom inaugurated a mission-critical communication-ready LTE network in the 410–430 MHz band. Nordic Telecom is likely to promote public protection and disaster relief activities with innovative services enabled by mobile broadband networks with the launch of Nokia's advanced and future-proof mobile broadband solution. In August 2020, Hytera Communication Corp Ltd launched a carrier-integrated mission critical version of its Push-to-Talk over Cellular (PoC) broadband solution. Hytera HyTalk MC is an end-to-end solution for mission- and business-critical communications that supports 3GPP Mission Critical Push-to-Talk (MCPTT), Mission Critical Data (MCData), and Mission Critical Video (MCVideo) services. Thus, the rise in investments in the new product developments by the mission critical communication system manufacturers are boost the growth of the North America mission critical communication market.
On the contrary, deployment problems of public safety LTE networks hurdles the growth of North America mission critical communication market.
Based on component, the North America mission critical communication market is classified into hardware, software, and services. The hardware segment held 47.0% market share in 2022, amassing US$ 2,441.59 million. It is projected to garner US$ 3,461.69 million by 2028 to expand at 6.0% CAGR during 2022–2028.
Based on hardware, the mission critical communication market is further categorized into command and control center, router and gateways, and distribution management system. The distribution management system segment held 47.0% market share in 2022, amassing US$ 1,147.33 million. It is projected to garner US$ 1,606.91 million by 2028 to expand at 5.8% CAGR during 2022–2028.
Based on technology, the North America mission critical communication market is classified into land mobile radio (LMR) and long-term evolution. With 57.9% share of the domain, the long-term evolution segment dominated the market in 2022. It accrued US$ 3,004.09 million in 2022 and is estimated to generate US$ 4,985.32 million by 2028 to grow at a CAGR of 8.8% over the forecast period.
Based on vertical, the North America mission critical communication market is segmented into public safety and government agencies, transportation, energy and utilities, mining, and others. With 37.4% share of the domain, the public safety and government agencies segment dominated the market in 2022. It accrued US$ 1,941.85 million in 2022 and is estimated to generate US$ 2,995.73 million by 2028 to grow at a CAGR of 7.5% over the forecast period.
The North America mission critical communication market, based on country, is segmented into US, Canada, and Mexico. Our regional analysis states that the US captured 75.0% market share in 2022. It was assessed at US$ 3,892.35 million in 2022 and is likely to hit US$ 6,038.43 million by 2028, exhibiting a CAGR of 7.6% during the forecast period.
Key players dominating the North America mission critical communication market are Ascom; Huawei Technologies Co. Ltd.; Hytera Communication Corporation Limited; L3Harris Technologies, Inc.; Motorola Solutions, Inc.; Nokia Corporation; Tassta GmbH; Telefonaktiebolaget LM Ericsson; and Zenitel among others.
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