Dublin, July 19, 2023 (GLOBE NEWSWIRE) -- The "Public Safety LTE: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Public Safety LTE estimated at US$7.5 Billion in the year 2022, is projected to reach a revised size of US$28.8 Billion by 2030, growing at a CAGR of 18.3% over the analysis period 2022-2030.
Infrastructure, one of the segments analyzed in the report, is projected to record 17.3% CAGR and reach US$19.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 20.7% CAGR for the next 8-year period.
Select Competitors (Total 63 Featured) -
- Cisco Systems, Inc.
- AT&T, Inc.
- Atos SE
- Cobham PLC
- Anritsu Corporation
- Airspan Networks, Inc.
- Aviat Networks, Inc.
- Cradlepoint, Inc.
- Frequentis AG
- Atdi S.A.
- Athonet Srl
- Bittium Corporation
- Dali Wireless, Inc.
- Advanced RF Technologies, Inc.
- Expedition Communications
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 366 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $7.5 Billion |
| Forecasted Market Value (USD) by 2030 | $28.8 Billion |
| Compound Annual Growth Rate | 18.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- The Ever-Present Need for Mission Critical Communications Provides the Foundation for the Growth of Public Safety LTE
- Global Economic Update
- Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
- Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
- Competition
- Public Safety LTE - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Need to Manage Disaster Risk Against the Backdrop of Climate Change to Spur Growth of Public Safety LTE
- Growing Frequency of Extreme Weather Events & Related Losses Drives the Focus on Disaster Preparedness, Promising to Bring Out Larger Budget Outlays for Public Safety LTE: Global Number of Extreme Weather Events & Financial Losses (In US$ Billion) for the Years 2000, 2005, 2010, 2015, 2020 and 2022
- Focus On Developing Long-Term Emergency Medical Services Infrastructure to Benefit Growth in the Market
- Growing Percentage of Population With Chronic Diseases Highlights the Dire Need for Investing in Mission Critical Communications as Part of the Healthcare Preparedness and Response Strategy: % of Global Population Who Are Chronically Ill for the Years 2010, 2015, 2020, 2025 and 2030
- Rapidly Aging Population & Escalation in Demand for Geriatric Healthcare Highlights the Need for Efficient Emergency Medical Response Teams: Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Expanding Opportunity for PERS Will Encourage Development of Robust Emergency Response Systems & Communication Networks: Global Opportunity for PERS (In US$ Million) for Years 2023, 2025 and 2027
- Growing Demand for Ambulance Services Highlights the Need for Robust Public Safety Communication Systems & Network: Global Market for Ambulance Services (In US$ Billion) for Years 2023, 2025, and 2027
- Rising Geopolitical Unrest & Healthy Defense Budgets to Benefit Demand for Mission Critical Communication Systems
- Robust Defense Spending Amid the Unfortunate State of Global Geo-Political Affairs Opens Opportunities for Increased Spending on Critical Communication Systems: Military Spending by Top Countries in 2022 (In US$ Billion)
- Ever-Present Risk of Fires, Stringent Fire Safety Regulations & Increase in Fire Response Services to Benefit Growth of Public Safety LTE
- Growing Investments in Smart Cities Drives Demand for Advanced Public Safety LTE Solutions
- Growing Spending on Smart Cities to Open Up Parallel Opportunity for Public Safety LTE Deployments: Global Spending on Smart Cities (In US$ Billion) for Years 2023, 2025 and 2027
- Ensuring Safety Inside Public Buildings Emerges Into the Spotlight
- LTE-Railway (LTE-R) - A Version of LTE to Support Mission-critical Requirements of Rail Operators
- From AI, LPWA to New Gen Hardware, Public Safety Innovations Hit the Spotlight
- Will Public Safety Communication Move From LTE to 5G?
- Rapid Penetration of 5G Will Drive Interest in What 5G Can Do to Improve Public Safety: Global 5G Subscription (In Million) for Years 2023, 2025, 2027 and 2029
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/8i8vpx
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