Public Safety LTE Market

Market Leaders - Public Safety-LTE Market

The capability of long-term evolution (LTE) networks to support a wide variety of high bandwidth data services and real-time communication services has led to the adoption of LTE-based public safety solutions by public safety agencies.

The PS-LTE market is projected to reach USD 11.7 billion by 2024, from USD 4.7 billion in 2019; it is expected to grow at a CAGR of 20.2% from 2019 to 2024. The use of LTE technology to eliminate the existing interconnectivity issues between different networks, increased demand for unmanned vehicles globally, and seamless data connectivity offered by LTE technology are the key drivers for the growth of the market. The adoption of low power wide area networks (LPWA) in LTE technology acts as a growth opportunity for companies operating in the PS-LTE market.

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The PS-LTE market is highly competitive, with the increasing presence of a number of multinational and domestic companies. Product developments and launches are the key strategies adopted by these players to grow in the PS-LTE market. Companies such as Motorola Solutions, General Dynamics, Airbus, Huawei, Bittium, and Hytera adopted these strategies to enhance their PS-LTE business. Besides organic growth strategies, companies have adopted the strategies of collaborations and partnerships to strengthen their position in the PS-LTE market. Major telecom giants such as Nokia, Harris, Huawei, and Motorola Solutions have also adopted these strategies.

Motorola Solutions was among the frontrunners in the PS-LTE market in 2018 based on its product offerings, R&D activities undertaken by it, and market strategies adopted by it. The company primarily offers LTE devices and systems for public safety-LTE. It has a robust 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. It has also adopted the strategy of acquisitions to bridge the technological gaps and improve its geographic footprint in new markets.

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. It has an even geographic footprint, and the majority of its revenue comes from developed markets of North America and Europe. The company has witnessed an increase in its top line from technology emerging countries such as China and India. Currently, Nokia is focusing 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.

Related Reports:

Public Safety-LTE Market by Infrastructure (E-UTRAN, EPC), Service (Consulting, Integration), Deployment Model (Private, Commercial, Hybrid), Application (Law Enforcement & Border Control, Firefighting Services), End User, Region - Global Forecast to 2024

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Report Code
SE 5575
RI Published ON
11/20/2019
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