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Public Safety LTE Market Expected to Reach $70.44 Billion by 2028

 
2022
Public Safety LTE Market

Report Code : A11868

quote The growth of the public safety LTE market in North America is driven by increase in terrorist attacks; occurrence of natural disasters such as floods, hurricanes, forest fires, and earthquakes; and rise in cyber-attacks in the region. For example, the 9/11 attacks in the U.S. highlighted the need for public safety communications, as there were several cases of communication breakdown between different government agencies during these attacks. Moreover, the surge in demand for unmanned operations, elimination of network connectivity problems, and rise in need for remote monitoring are expected to boost the public safety LTE market analysis in the coming years. quote

Abhijith Nair
Research Analyst, ICT at Allied Market Research

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According to a recent report published by Allied Market Research, titled, “Public Safety LTE Market by Type, Infrastructure, Services, Deployment Model, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2028, ”the global public safety LTE market size was valued at $12.00Billion in 2020, and is projected to reach $70.44billion by 2028, registering a CAGR of 24.9% from 2021 to 2028.

Networks play a vital role in public infrastructure and safety facilities, as the consumer technologies are developed with newer devices and applications. Public safety networks are used by governments, police authorities, fire departments, healthcare agencies, and other public bodies for communication and public service announcements.

Public safety networks are required to be completely reliable and functional to manage or prevent a possible disaster and catastrophe. LTE networks provide faster speed and lower latencies than their previous generation counterparts.

In 2020, by type, the infrastructure segment garnered the major share of the global public safety LTE industry and is expected to maintain its dominance in the upcoming years, owing to the developments such as higher data transfer rates and improved spectral performance. In addition, surge in demand for LTE public safety infrastructure is expected to drive the growth of the market in the coming years. The consulting services associated LTE technologies help in gaining knowledge of technologies, which is driving the growth of the market. Moreover, advancements in LTE technologies and adoption of various deployments are providing ample opportunities for the growth of the public safety LTE market trends.

The current estimation of 2027 is projected to be higher than pre-COVID-19 estimates. In terms of public safety LTE market growth, the public safety LTE market size is expected to take a hit during the forecast period. This is primarily attributed to the global lockdown, which has caused OEM supply chains to be disrupted and facilities to shut down. Owing to these interruptions created by the COVID-19 pandemic and social distancing conventions during this period, OEMs found it difficult to locate vendors ready to provide as the manufacturing facilities were shut down. As a result, current and future deployments were disrupted. For instance, Swedish telecommunications service provider and manufacturer, Ericsson claimed that the COVID-19 pandemic has impacted its sales and service delivery as a result of government-imposed lockdowns and travel restrictions to combat the outbreak's impacts.

Key Findings of The Study: 

  • By type, in 2020, the infrastructure segment is estimated to be the major shareholder. However, the services segment is expected to witness highest growth rate during the forecast period.
  • Depending on infrastructure, the evolved UMTS terrestrial radio access network (E-UTRAN) segment accounted for the highest revenue in 2020, however, the evolved packet core (EPC) segment is expected to witness highest growth during the forecast period.
  • On the basis of service, the consulting services segment generated the highest revenue in 2020, however, the maintenance segment is expected to witness highest growth during the forecast period.
  • On the basis of deployment model, the commercial LTE segment accounted for the highest revenue in 2020, however, the private LTE segment is expected to witness highest growth rate during the forecast period.
  • On the basis of end user, the public safety agencies segment accounted for the highest revenue in 2020, however, the utilities segment is expected to witness highest growth rate during the forecast period.
  • Region wise, the public safety LTE market share was dominated by Europe. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

Some of the key companies mentioned within the report are General Dynamics Corporation, Airbus SE, Motorola Solutions, Inc., Nokia Corporation, Harris Corporation, Huawei Technologies Co., Ltd, Bittium Corporation, AT&T Inc., Hytera, and Cobham Wireless.

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quote Public Safety LTE Market By Type (Infrastructure and Services), Infrastructure (Evolved UMTS Terrestrial Radio Access Network (E-UTRAN),Evolved Packet Core (EPC), and End-use Devices), Service (Consulting Services, Integration Services, Maintenance Services, and Other Services), Deployment Model (Private LTE, Commercial LTE, and Hybrid LTE), and Application(Law Enforcement & Border Control, Firefighting Services, Emergency Medical Services, Disaster Management) and End User (Public Safety Agencies, Industrial, Transport, and Utilities): Global Opportunity Analysis and Industry Forecast, 2021-2028 quote

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