At 9.6% CAGR, the South & Central America Land Mobile Radio Market is Projected to be worth US$ 286.41 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South & Central America land mobile radio market was valued at US$ 137.09 million in 2022 and is expected to reach US$ 286.41 million by 2030, registering a CAGR of 9.6% from 2022 to 2030. Growing importance of effective critical communication operations and increasing demand in emerging markets are the critical factors attributed to the South & Central America land mobile radio market expansion.             

Land mobile radio (LMR) technology has evolved over time from traditional analog voice service (such as two-way communications) to complex systems with trunking and digital capabilities that enable features such as group calling, rapid voice call setup, high-quality audio, and guaranteed priority access to the end user. With an increase in crime, terrorism, and natural disasters, industries are required to adopt new technologies to enable rapid and effective real-time reaction. Effective communication is critical for public safety responders who must keep connected with one another at the control center while also acquiring situational information in real time when reacting to situations. To tackle critical communication operations, the LMR technology is witnessing advancements. For example, TETRA, the most widely used land mobile radio standard, has evolved and now it offers high spectrum efficiency and operates on a standardized spectrum. Tetra also includes exceptional vital communication characteristics such as security, a rapid call start-up time, a feature set for voice calls, and high-speed data services. It is used in present and new market areas such as public safety and commercial applications. Furthermore, TETRA does not require broadband data. With increasing security threats and demands for greater efficiency, cross-agency coordination, and better information sharing, the development of efficient public safety communications networks has emerged as a top priority for organizations, thereby driving the South & Central America market for LMR technology.

On the contrary, high initial investment and limited spectrum availability hurdles the growth of South & Central America land mobile radio market. 

Based on type, the South & Central America land mobile radio market is bifurcated into handheld and In-vehicle. The handheld segment held 50.5% market share in 2022, amassing US$ 69.27 million. It is projected to garner US$ 160.57 million by 2030 to expand at 11.1% CAGR during 2022–2030.

Based on technology, the South & Central America land mobile radio market is bifurcated into analog and digital. The analog segment held 50.2% market share in 2022, amassing US$ 68.81 million. It is projected to garner US$ 134.88 million by 2030 to expand at 8.8% CAGR during 2022–2030.

Based on frequency, the South & Central America 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 53.9% market share in 2022, amassing US$ 73.84 million. It is projected to garner US$ 160.94 million by 2030 to expand at 10.2% CAGR during 2022–2030.

Based on application, the South & Central America land mobile radio market is categorized into commercial, industrial, public safety & government, and military. The public safety & government segment held 38.3% market share in 2022, amassing US$ 52.50 million. It is projected to garner US$ 116.44 million by 2030 to expand at 10.5% CAGR during 2022–2030.

Based on country, the South & Central America land mobile radio market has been categorized into Brazil, Argentina, and the Rest of South & Central America.  Our regional analysis states that Brazil captured 50.6% share of South & Central America land mobile radio market in 2022. It was assessed at US$ 69.37 million in 2022 and is likely to hit US$ 143.78 million by 2030, exhibiting a CAGR of 9.5% during 2022–2030.            

Key players operating in the South & Central America land mobile radio market are Icom Inc, Sepura Ltd, Hytera Communications Corp Ltd, JVCKENWOOD Corp, L3Harris Technologies Inc, Motorola Solutions Inc, Tait Communications Ltd, and Thales SA, among others.

• In April 2022, Powerboat P1 Extended Partnership with Icom.
• In June 2023, Hytera partnered with ZimParks to Improve Staff Safety and Conserve Wildlife.

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