Report: Global LMR market to reach $16 billion-plus by 2017
From PR Newswire: A new research report titled “Land Mobile Radio (LMR) Systems: A Global Strategic Business Report” announced by Global Industry Analysts provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The single segment report provides market estimates and projections (in US$ Millions) for major geographic markets including the North America and Rest of World.
As stated by the new market research report, North America accounts for a major share of the global Land Mobile Radio Systems market revenues. TETRA, the most widely accepted digital technology standard in the land mobile radio industry showed resilience to tough economic conditions in the year 2009. With revival in economic conditions and large contracts presently under consideration, global TETRA shipments is expected to surge at a healthy rate until 2017. The economic slowdown, cutthroat competition, saturating developed markets, have all brought to the fore the importance of innovation in land mobile radio industry. Also, faced with fierce competition from low cost digital technologies, such as NXDN, DMR, and dPMR, market participants are pushed to put more emphasis on R&D and product innovation.
For more details about this comprehensive market research report, visit www.strategyr.com/Land_Mobile_Radio_LMR_Systems_Market_Report.asp