Critical Communication Market Size & Analysis Forecasts To 2025 By Offering [Hardware (Command & Control Centers, Infrastructure Equipment, Handheld Device), Services (Consulting, Integration, Maintenance)], By Network Technology (Land Mobile Radio, Long-Term Evolution), By Application (Utilities, Mining, Public Safety, Transportation, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa) End-Use Landscape, Vendor Landscape and Market Share & Competitor Landscape - Global Market Estimates
Critical Communication Market Insights
The global critical communication market is anticipated to witness a healthy CAGR of 6.9% over the forecast period. This growth is mainly attributed to rising adoption of critical communication by diverse industries to modernise and replace their conventional equipment with new ones.
Moreover, the growing need for high bandwidth to reduce the problem of data trafficking along with increasing demand for utilities, mining, transportation and public safety sectors are expected to foster market growth.
However, factors such as multiple communication standards in devices such as 2G, 3G, 4G LTE, LMR and limited spectrum bandwidth are expected to hinder market growth as they increase complexities within the network, thereby increasing overall cost.
Critical Communication Market: Offering Insights
The global critical communication market is segmented into hardware and services, based on offerings. The hardware segment is further divided into command & control centres, infrastructure equipment and handheld device. The service segment is also sub-divided into consulting, integration, and maintenance. The services segment is anticipated to register a significant growth rate over the forecast owing to the rising global demand from ongoing deployment of critical communication networks.
The hardware segment is projected to witness a steady growth rate due to high costs associated with the deployment of hardware. The hand-held devices which have software defined radios pose problems related to size and weight of the devices.
Critical Communication Market: Network Technology Insights
The industry is segmented into Land Mobile Radio (LMR) and Long-Term Evolution (LTE). The LMR segment is expected to occupy the highest share in the industry. This growth is attributed to the extensive use of LMR’s for ensuring public safety.
Critical Communication Market: Application Insights
The global critical communication market is divided into public safety, transportation, utilities and mining among others, based on applications. The transportation sector is anticipated to occupy the highest share over the years owing to the increasing use of product in airports. Moreover, the rising demand for replacing the conventional networks to networks such as LTE & TETRA is also projected to aid the market growth.
Critical Communication Market: Regional Insights
The market in Asia Pacific is anticipated to witness an accelerated growth over the forecast period. Demand is expected to arise from countries such as India, South Korea and China due to growing number of projects related to metro and railway communication in these regions. The ongoing development in infrastructure and technology is also expected to stimulate regional growth. Moreover, investments by government and various organizations in critical communication for overcoming problems such as natural disasters and terrorist attacks are also projected to boost the market growth.
Critical Communication Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase from critical communication market over the coming years. Some leading consumers of this market are United Parcel Service and Glencore among others.
Critical Communication Market Share & Competitor Analysis
The global market is highly competitive due to the presence of numerous manufacturers. The Key players profiled in the market include ZTE, Ascom, Huawei, Cobham Wireless, and Zenitel.
Please note: This is not an exhaustive list of companies profiled in the report.
In November 2017, BMW announced that it is enhancing traffic safety with Cooperative Intelligent Transport Systems (C-ITS) which is expected to help make traffic much more efficient, reduce accidents and provide added value information to vehicle’s driver.
In November 2017, Spirent Communications, a key communications and network testing company announced collaboration with China Telecom China Co. Ltd., Guangzhou Research Institute and Huawei to verify the 400 Gb/s Ethernet (400GE) short and long-range technologies. The test included verification of port functions such as line-speed forwarding, multi-service stacking, and fault reporting for short and long-range technologies.
Check the Press Release on Critical Communication Market Report
We value your investment and offer free customization with every report to fulfil your exact research needs.
The global critical communication market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the critical communication market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
Tailor made solutions just for you
80% of our clients seek made-to-order reports. How do you want us to tailor yours?