The report "Public Safety-LTE Market by Infrastructure (E-UTRAN, EPC), Services (Consulting and Integration), Deployment Model (Private, Hybrid), Application (Law Enforcement, Firefighting Services), and Region - Global Forecast to 2025", is expected to be valued at USD 5.9 billion in 2020 and is likely to reach USD 15.4 billion by 2025; it is expected to grow at a CAGR of 21.1% during the forecast period. Seamless data connectivity offered by LTE technology and increased data security and high quality of services offered by LTE technology are expected to help the growth of the PS-LTE market during the forecast period.
Browse 297 market data Tables and 61 Figures spread through 286 Pages and in-depth TOC on "Public Safety-LTE Market by Infrastructure (E-UTRAN, EPC), Services (Consulting and Integration), Deployment Model (Private, Hybrid), Application (Law Enforcement, Firefighting Services), and Region - Global Forecast to 2025"
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The infrastructure segment of the PS-LTE market is expected to hold for largest market share during forecast period
The infrastructure segment accounted for a larger share of the market during forecast period. The growth of the infrastructure segment can be attributed to the new public safety projects being undertaken in Europe, especially in the UK, Finland, and France and in Asian countries, such as South Korea and Japan. The growth of the PS-LTE market for infrastructure in Europe can be attributed to the ongoing initiatives in the region to replace the fully functional TETRA network with PS-LTE systems by 2020.
Emergency medical services application of PS-LTE market to grow at highest CAGR during forecast period
The emergency medical services application is expected to register the highest CAGR during the forecast period. LTE networks in emergency services lead to the sharing of real-time videos of patients that help in obtaining the vitals of patients virtually. It also enables the command centres to send the nearest responders to the locations where they are required by tracking GPS details of patients. LTE networks in emergency services provide information related to the hospital assets so that the EMS personnel can shift patients to the best-suited facilities nearby. They also provide insights into the pre-existing conditions of patients to the EMS personnel by providing them access to their medical record databases and prescribed medicines.
PS-LTE market in North America projected to grow at highest CAGR from 2020 to 2025
The protection of critical infrastructures is considered to be the most severe economic and national security challenge by the governments of both the US and Canada, thereby leading to the growth of the PS-LTE market in North America. Moreover, the deployment of new PS-LTE networks in Mexico has further supplemented the growth of the market in this region.
Major players operating in the PS-LTE market are Motorola Solutions, Inc. (US), General Dynamics Corporation (US), Airbus SE (Netherlands), Nokia (Finland), Harris Corporation (US), Huawei Technologies Co. Ltd. (China), Bittium Corporation (Finland), Samsung Electronics Co. Ltd. (South Korea), AT&T, Inc. (US), ZTE Corporation (China), Hytera Communications Corporation (China), and KT Corporation (South Korea).
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