Pune, India, April 10, 2019 (GLOBE NEWSWIRE) -- Market Research Future’s in-depth analysis of the key to disaster mitigation is based upon the ability of first responders, government authorities, disaster relief teams to communicate seamlessly. As a result, the demand for public safety LTE is growing considerably. The market is anticipated to expand with a CAGR of 22.07 % while earning incomes worth USD 3,246.5 Mn in the forecast period from 2018 to 2025. Since the level of threats to the general populace have increased in recent times, the coordination of procedures to restore stability have become that much more important. The amplified emphasis on public safety by government authorities globally is expected to encourage the progress of the public safety LTE market.
The increased recurrence of large-scale emergency situations has raised the reliance on public safety LTE. The need for coordination between military, fire response, emergency services, and police has gained intensifying prominence leading to an enhanced implementation rate for public safety LTE globally. A marked level of improvement in the quality images and video due to network infrastructure development have contributed to the progress of the public safety LTE market. Also, the lessening of connectivity problems in networks is expected to raise the evolution of the public safety LTE market in the approaching years. Furthermore, the upsurge in government budgetary allocations and the penetration of the Internet of Things is forecasted to create a surge in the expansion of the public safety LTE market in the impending period.
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Market Segmentation
The segmental review of the public safety LTE market globally is based on application, product, and region. On the basis of product, the public safety LTE market is segmented into commercial LTE, private LTE, and hybrid LTE. The application-based segmentation of the public safety LTE market has been segmented into emergency medical services, law enforcement, and border control, firefighting services, and disaster management. The regions included in the public safety LTE market are North America, Europe, Asia Pacific, and the rest of the world.
Public Safety LTE Market to Gain Market Share Owing to Decrease in Connectivity Issues By 2025
The regional analysis of the public safety LTE market includes regional segments such as Asia Pacific, North America, Europe, and the rest of the world. The European region is anticipated to control the highest share of the market and appear as the fastest rising regional market over the forecast period. The North American region is primed to secure the next spot in the Public Safety LTE Market in the progression of the forecast period. The region is expected to be beneficial to the market’s development and is deduced to flourish at a solid CAGR of 23.99% in the future. Additionally, the Asia Pacific region is expected to display robust growth prospects and is set to expand at a healthy development rate. The market for public safety LTE in the region is estimated to achieve incomes of USD 502.6 Mn by the conclusion of 2025. China is predicted to develop into a major country-level market responsible for accelerating the development of the global market. The segment of the rest of the world is anticipated to control the smallest share of the public safety LTE market globally. It has been projected to flourish at a CAGR of 10.04% through the forecast period. The Middle East & Africa is projected to motivate the progress of the regional market in the forthcoming years.
Key Players
The notable competitors shaping the public safety LTE market globally are Telefonaktiebolaget LM Ericsson, AT&T Inc., Cisco Systems, Inc., Bittium, Nokia Corporation, Motorola Solutions, Samsung Electronics, Cobham PLC, Airbus SE, and General Dynamics Corporation.
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Key Updates
Mar 2019 Sequans Communications recently declared that Lockheed Martin, a world leader in defense, security, aerospace, and other innovative technologies, is working with Sequans to advance new 4G LTE for satellite technologies for global deployment. In addition to the satellite, Sequans has modified its technology for projects in other markets, as well as aviation, public safety, transportation, and government.
Mar 2019 Russia is planning to allot RUB 27 billion towards the development of its public safety LTE-450 network. The Russian government plans to use the LTE-450 network for the law enforcement bodies, military, and other special users. The network will be installed by the national operator Rostelecom, Tele2 Russia, the mobile operator and the state-owned broadcast operator RTRS.
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