The Public safety LTE market 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. Adoption of LTE technology to eliminate the existing interconnectivity issues between different networks, increase in demand for unmanned vehicles globally, seamless data connectivity offered by LTE technology, and the COVID-19 pandemic is driving the need for efficient and extensive network capacity are expected to help the growth of the PS-LTE market during the forecast period.
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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Top 2 players in the Public Safety LTE Market are:
Motorola Solutions (US)
Motorola Solutions held the first position in the PS-LTE market in 2019 based on its product offerings, R&D activities undertaken by it, and market strategies adopted by it over the past 2 years. For PS-LTE, the company primarily offers LTE devices and systems. It has a strong product line of PS-LTE devices and offers a complete set of relevant services ranging from infrastructure services to device services and managed and support services. Moreover, Motorola Solutions has continuously increased its R&D spending over the years that has resulted in significant new product launches and developments and provided it the first-mover advantage in terms of upcoming technologies. Furthermore, the company has adopted the strategy of acquisitions to bridge the technological gaps and improve its geographic footprint in new markets
In January 2020, Motorola Solutions announced its ongoing development of a 900 MHz private broadband solution that will offer high-power and interoperable communications to critical infrastructure entities. The announcement anticipates a regulatory proceeding by the Federal Communications Commission (FCC) to realign the 900 MHz band, one of the prime sub-GHz dedicated spectrum, to increase capacity for broadband use.
Nokia is among the key players operating in the PS-LTE market. The company offers end-to-end solutions for public safety that comprise various hardware and software solutions for public safety LTE communication service providers and end users. Nokia has an even geographic footprint, and the majority of its revenue comes from developed markets in North America and Europe. It has witnessed an increase in its top line from technology emerging countries such as China and India. Moreover, currently, Nokia is emphasizing on collaborations and partnerships with providers of public safety services in countries such as China, India, and Peru to increase its share in the PS-LTE market.
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
Mr. Aashish Mehra
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