Critical Communication Market Insights Forecast 2024

Posted by Tom C on April 9th, 2024

According to the new research report the global the critical communication market is projected to reach USD 19.8 billion in 2024 from USD 13.9 billion in 2019, at a CAGR of 7.4% between 2019 and 2024.

High demand for critical communication solutions from diverse industries such as public safety, transportation, and medical; advanced features of critical communication networks; and increased need to modernize old equipment are the major factors contributing to the growth of the critical communication market globally.

The report profiles key players such as Motorola Solutions (US), Ericsson (Sweden), Nokia (Finland), Huawei (China), AT&T (US), Harris (US), ZTE (China), Cobham Wireless (UK), Inmarsat (UK), Hytera (China), JVCKENWOOD Corporation (Japan), Mentura Group (Finland), Tait Communications (New Zealand), Telstra (Australia), Ascom (Switzerland), Zenitel (Belgium), Leonardo (Italy), Secure Land Communications (France), and Simoco Wireless Solutions (UK).

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=95862445

Transportation vertical is estimated to be the fastest growing market

Transportation vertical is expected to register the highest CAGR in the critical communication market from 2019 to 2024. The market growth can be attributed to the increasing need for transforming conventional analog networks to digital networks (LTE and TETRA).

Land Mobile Radio (LMR) to account for a larger share of the critical communication market 

LMR is a wireless communication system intended for use by terrestrial users in vehicles or on foot. Also, it offers several features such as, ease of use, reliability, familiarity, and extensive coverage. Thus, LMR is estimated to account a larger share of the critical communication market.

North America to account for a significant share of the global critical communication market

North America is expected to witness significant growth during the forecast period due to the increasing deployment of critical communication networks by the First Responder Network Authority (FirstNet), an independent authority within NTIA to provide emergency responders with the first nationwide, high-speed, broadband network dedicated to critical communication.