Report : South America 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 Hardware Segment to Dominate South America Public Safety and Government Agencies Mission Critical Communication (MCX) Market during 2021-2028
According to a new market research study on “South America 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$ 395.00 million by 2028 from US$ 237.75 million in 2021. The market is estimated to grow at a CAGR of 7.5% from 2021 to 2028. The report provides trends prevailing in the South America public safety and government agencies mission critical communication (MCX) market along with the drivers and restraints pertaining to the market growth. Incrementing use of reliable network during the time of emergency and rising demand from government agencies are major factors driving the growth of the South America public safety and government agencies mission critical communication (MCX) market. However, restricted spectrum bandwidth may hinder the growth of South America public safety and government agencies mission critical communication (MCX) market.
The governments of various South American countries are taking several measures, such as trade bans, lockdowns, and travel restrictions, to control the spread of COVID-19 in the region. Such measures have had a direct negative impact on the region’s economic growth due to lower export revenues. Thus, the slowdown of an overall SAM economy due to poor exports and delays in various manufacturing projects is expected to hamper the demand for advanced technologies, including mission critical communication. Governments in Latin American countries are exploring broadband LTE for public safety. Installing LTE spectrum for private networks is difficult because of the financial difficulties and close regulation of the spectrum by the governments. This is further restraining the growth of public safety and government agencies mission critical communication (MCX) market in the region.
The market for South America 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 South America public safety and government agencies mission critical communication (MCX) market. Based on technology, the South America 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 South America public safety and government agencies mission critical communication (MCX) market is divided into Brazil, Argentina and rest of South America. In 2020, Brazil held the largest share in South America public safety and government agencies mission critical communication (MCX) market. Furthermore, in this present scenario of COVID 19 pandemic, the South America 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 South America 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).
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 South America 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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