Digital Mobile Radio Market
The digital mobile radio (DMR) market is growing rapidly. Advancements in wireless broadband networks and Project 25 digital two-way radio interoperability standards for emergency communications are major factors boosting the market growth. Besides, policies by the non-federal government about funding and sustainment of DMR systems for first responders and to educate decision-makers on the possible impact of emerging technology on DMR act as a major tailwind for the market growth.
The other documents intended DMRs to help acquisition managers understand standards-based procurement for public safety interoperability accelerates the market shares. Over recent years, the need for advanced communication devices is growing pervasively. With the rising demand for DMR devices in private security services, the market is likely to witness substantial traction in the next six years.
According to Market Research Future (MRFR), the global digital mobile radio (DMR) market would reach exponential valuation by 2027, registering a phenomenal CAGR during the forecast period (2020-2027). Growing defense budgets for safety systems in countries across the globe accelerate the growth of the DMR market.
Due to the increasing urbanization, the demand for manned guarding services has been rising, and the need to protect civilians is too growing. Simultaneously, the demand for trained security personnel in the defense sector is on the rise. Quadrupling malls, shopping centers, and IT parks that warrant wireless communication devices indicate the increasing need for security services that can offer a trusted communication medium.
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Digital Mobile Radio Market Segments
The DMR market is segmented into tier, industry verticals, and regions. The tier segment is sub-segmented into tier 1 (unlicensed), tier 2 (conventional), and tier 3 (trunked). The industry vertical segment is sub-segmented into commercial, defense & public safety, mining, oil & gas, transportation, and others. The region segment is sub-segmented into North America, Europe, Asia Pacific, and Rest-of-the-World.
DMR Market Regional Analysis
North America dominates the global digital mobile radio (DMR) market. The region is witnessing augmenting demand for radio systems for surveillance, law enforcement, and security featuring GPS connectivity, Bluetooth connectivity, and other advanced functionalities. Besides, the market growth is driven by the strong presence of key players such as L3Harris Technologies and Motorola Solutions.
Also, large technological advancements and their uptake, alongside the increasing instances of criminal activities and the need for efficient security systems, propel the growth of the DMR market in this region. Various telecommunication equipment providers and the introduction of multiple safety standards in this region create opportunities for the market to grow.
Major Players
Players leading the market for the DMR market include ICOM Inc. (Japan), Hytera Communications Corporation Ltd. (China), Jvckenwood Corporation (Japan), Leonardo SpA (Italy), L3Harris Technologies, Inc. (US), Motorola Solutions, Inc. (US), Simoco Wireless Solutions Limited (UK), RELM Wireless Corporation (US), Tait Ltd. (New Zealand), Thales Group (France), Comita Group (Slovenia), MCS Digital (Australia), talent Technology Services Limited (UK), Rolta Incorporated (US), and RADIODATA GmbH (Germany), among others.
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Digital Mobile Radio (DMR) Market Competitive Analysis
The DMR market appears to be highly competitive, owing to the presence of a number of small and large-scale players. Mergers & acquisitions, brand reinforcement, and innovation remain the key trends for the leading players. The uptake of the latest communication networking technologies and interoperability solutions remains their primary focus.
Industry/Innovation/Related News:
Aug.24, 2021 --- Samsung announced enhancements for public safety networks driving next-gen mission-critical communications. The solution enables interoperability between MCPTX & LMR technology and digital mobile radio (DMR), Project 25 Phase I & II, and Tetra, building a bridge of seamless communications between MCPTX and legacy technologies. LMR technology users can now communicate with other users of MCPTX technology.
