10-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Test and Measurement Equipment for LMR Market By Equipment Type (Spectrum Analyzer, Digital Protocol Test Sets, Watt Meters, and Fiber Optic), By Frequency (9kHz to 100kHz, 100 kHz to 500 kHz, and 500 kHz & Above), and By Industry Vertical (Military & Government, Commercial, Marine, Transportation & Railroad, and Construction & Mining): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global Test and Measurement Equipment for LMR market is predicted to be valued at approximately USD 1,472 million in 2018 and is expected to reach a value of around USD 2,022 million by 2027, at a CAGR of around 3.6% between 2019 and 2027.
Test and Measurement Equipment is broadly utilized in a spectrum of domains. Business verticals such as electronics, research labs, material analysis, manufacturing, and particle analysis all make utilization of test and measurement devices. The land mobile radio system is one of the major systems that make usage of the test and measuring equipment. Moreover, land mobile radio systems also referred to as LMRS find extensive applications across the public safety firms and hence exactness & precision of these instruments is vital. Apparently, the rise in the acceptance of T&M solutions by end-use sectors such as electronics & telecommunication service providers coupled with technological breakthroughs across the communication sector is predicted to increase the use of these devices.
Browse the full “Test and Measurement Equipment for LMR Market By Equipment Type (Spectrum Analyzer, Digital Protocol Test Sets, Watt Meters, and Fiber Optic), By Frequency (9kHz to 100kHz, 100 kHz to 500 kHz, and 500 kHz & Above), and By Industry Vertical (Military & Government, Commercial, Marine, Transportation & Railroad, and Construction & Mining): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/test-and-measurement-equipment-for-lmr-market-by-196
Change of land mobile radios from analog to digital will drive the market trends
Today, land mobile radios are mainly utilized for commercial purposes according to the requirements. The consistent breakthrough in the wireless systems is set to steer business growth during the period from 2019 to 2027. Apparently, the land mobile radio is experiencing the change from analog to digital mobile radio systems as the latter uses less power and provides high-quality coverage along with long display as well as personalized software uses.
Furthermore, the escalating requirement of faultless interoperable communication technologies for key operations is set to leverage the demand for land mobile radios globally. Moreover, digital land mobile radio systems exhibit excellent spectral efficacy, elongated battery life, improved calling features, and transition ease. This has enhanced the acceptance of digital LMR across myriad verticals. Apart from this, these devices are needed to be tested for their operational efficiency & precision. All these factors are expected to drive the growth of the market over the forecast timeline.
In addition to this, the rise in the use of land mobile radios across military & defense and transport sectors will further steer the growth of the market during the forecast timeline. Nevertheless, high cost related to test & measurement equipment is anticipated to impede the business growth over the forecast timeline. However, growing need for various sectors like defense, mining, commercial, and construction for improving message & chat communications will generate new avenues for the market over the forecast period.
Report Scope
Report Attributes |
Details |
Market Size in 2018 |
USD 1,472 Million |
Projected Market Size in 2027 |
USD 2,022 Million |
Growth Rate |
CAGR 3.6% |
Base Year |
2017 |
Forecast Years |
2018 – 2027 |
Key Market Players |
Anritsu, Boonton, Cobham plc, HUTTON, Allegiant Technology, Keysight Technologies, Bird Technologies, Talley Inc., TESSCO Technologies Inc., Pericle Communications Company, Rohde & Schwarz, Tektronix, Db Spectra, and HP. |
Key Segment |
By Equipment Type, By Frequency, By Industry Vertical, By Regional |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Spectrum Analyzer to dominate the equipment type segment by 2027
The segmental growth during the forecast period is attributed to the ability of the equipment to measure the power & magnitude of the unknown signals. In addition to this, the spectrum analyzer tests the frequency range for communication purposes in LMR that can prove to be the utmost significance in the defense sector.
Military & government segment to lead the industry vertical landscape by 2027
The growth of the segment over the forecast timeline is due to the massive usage of land mobile radios across the military & government segment.
North America to account for the major market revenue share by 2027
The expansion of the market in North America during the period from 2019 to 2027 is owing to stringent legislations put in practice by the defense sector across countries like the U.S. in order to preserve data confidentiality. Additionally, huge investments in the defense sector- the highest end-user of land mobile radios- will further boost the regional market surge.
Some of the major players in the business include Anritsu, Boonton, Cobham plc, HUTTON, Allegiant Technology, Keysight Technologies, Bird Technologies, Talley Inc., TESSCO Technologies Inc., Pericle Communications Company, Rohde & Schwarz, Tektronix, Db Spectra, and HP.
This report segments the Test and Measurement Equipment for LMR market as follows:
Test and Measurement Equipment for LMR Market: By Equipment Type Analysis
- Spectrum Analyzer
- Watt Meters
- Fiber Optic
- Digital Protocol Test Sets
Test and Measurement Equipment for LMR Market: By Frequency Analysis
- 9 kHz to 100 kHz
- 100 kHz to 500 kHz
- 500 kHz and Above
Test and Measurement Equipment for LMR Market: By Industrial Vertical Analysis
- Military and Government
- Marine
- Construction and Mining
- Commercial
- Transportation & Railroad
- Others
Test and Measurement Equipment for LMR Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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