New York, Jan. 05, 2023 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “Public Safety LTE Market Size, Share, Growth Trends and Global Forecast to 2028 - COVID-19 Impact and Global Analysis By Infrastructure (Radio Access Network, Evolved Packet Core & Policy, and Mobile Backhaul & Transport), Management & Integration Solutions (Network Integration & Testing, Device Management & User Services, Managed Services, Operations & Maintenance, and Cybersecurity), Device (Smartphones & Handportable Terminals, Vehicle Mount Routers & Terminals, Tablets & Notebook PCs, USB Dongles, and Others), Subscription (Private LTE and Commercial LTE), Application (Video Applications, GIS, AVLS & Mapping, Mobile VPN Access & Security, CAD, Remote Database Access, Telemetry & Remote Diagnostics, Bulk Multimedia/Data Transfers, PTT & Voice over LTE, and Situational Awareness Applications), and Geography”; The public safety LTE market size is projected to grow from USD 7.00 billion in 2021 and to reach USD 26.85 billion by 2028; it is estimated to grow at a compound annual growth rate of 21.5% from 2022 to 2028.
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Global Public Safety LTE Market Study, Size, Share, Segmentations and Regional Scope:
| Market Size Value in | USD 7.00 billion in 2021 |
| Market Size Value by | USD 26.85 billion by 2028 |
| Growth rate | CAGR of 21.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| No. of Pages | 150 |
| Historical data available | Yes |
| Segments covered | Infrastructure, Management & Integration Solution, Device, Subscription, and Application |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, South & Central America |
| Country scope | US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Public Safety LTE Market: Competitive Landscape and Key Developments
Amdocs; Apple Inc.; Alcatel-Lucent SA; AT&T Inc.; Broadcom Ltd.; Cisco Systems Inc.; Dell Inc.; Eden Rock Communications; Ericsson; and Fujitsu Ltd are among the key players operating in the public safety LTE market.
In May 2019: KT Corporation, a telecom company in South Korea—entered into a strategic partnership with Samsung Electronics to deploy and extend the private LTE network in the country. The partnership aims to provide public-safety network solutions based on 3GPP standard release 13 and will cover 10 major metropolitan regions in the country including Seoul.
In March 2019: Sequans Communications partnered with Lockheed Martin, one of the leading players in defense, security, aerospace, and other innovative technologies. The partnership aims to develop advanced new 4G LTE for satellite technology applications for global deployment. Moreover, the two companies enabled LTE end user devices to connect directly to geostationary satellites with wide application.
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Public Safety LTE Market – Regional Scope:
North America dominated the market in 2021 and is expected to continue its dominance during the forecast period. An increase in terrorist attacks and natural calamities such as floods, cyclones, forest fires, earthquakes, and cyberattacks accelerated the growth of the public safety LTE market in North America. For instance, the 9/11 attack in the US triggered the massive requirement for public safety communication, as there were several cases of communication breakdown among different government agencies during the attack. The protection of critical infrastructures has become a severe economic and national security challenge by the regional governments, thereby driving the growth of public safety LTE market in North America.
In Europe, companies are increasingly focused on making extensive investments in research and development to launch devices required to manage public safety LTE solutions. Key players are extending their portfolio by targeting to deploy an advanced communication network for the national infrastructure. Such extension in the broadband spectrum aims to enable security and rescue teams for public safety by using key communication services. As a result, a growing number of initiatives, investments, and new launches are significantly boosting the growth of the public safety LTE market in the region.
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Public Safety LTE Market: Subscription Overview
Based on subscription, the public safety LTE market is segmented into private and commercial LTE. The commercial LTE segment dominated the market in 2021 and is expected to grow significantly in the coming years. The growth of this segment can be attributed to the increased deployment and high popularity of commercial public safety LTE networks in law enforcement and border control applications. Due to reduced deployment time and low initial cost of deployment, public safety agencies opt for this deployment model, thereby propelling the public safety LTE market growth.
Global Public Safety LTE Market: COVID-19 Overview
An increase in the demand for unmanned vehicles globally, seamless data connectivity offered by LTE technology, and the adoption of LTE technology to eliminate the existing interconnectivity issues between different networks are the major factors driving the need for efficient and extensive network capacity during the pandemic situation. Since the factories were shut down, OEMs found it difficult to find vendors and suppliers, mainly due to the disruptions caused by the pandemic and the social distancing norms. This resulted in slowing down the existing and new deployments. Ericsson—a leading provider of 5G network equipment—reported that the COVID-19 pandemic affected its sales and service delivery due to lockdown and travel restrictions. Conversely, public safety-LTE gained massive demand during the pandemic. It provides efficient and effective communication to ensure faster response from public safety agencies to ensure the safety of people affected by the pandemic.
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