Mission Critical Communication (MCX) Market Research Report - Global Forecast to 2030

Mission Critical Communication (MCX) Market Research Report: by Component (Hardware (Command and Control Center, Router and Gateways, Distribution Management System), Software, Services (Consulting, Integration, Maintenance)), by Technology (land Mobile Radio (LMR), Long-Term Evolution), By Vertical (Public Safety and Government agencies, Transportation, Energy and Utilities, Mining) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) - Forecast till 2030

ID: MRFR/ICT/7182-CR | February 2020 | Region: Global | 158 pages         

Mission Critical Communication (MCX) Market

Mission Critical Communication Market size would be worth USD 45.22 Billion with CAGR of 11.1% by 2030.

Segmentation

By Product Type Hardware Services Software
By Technology land Mobile Radio (LMR) Long-Term Evolution
By Vertical Public Safety and Government agencies Transportation Energy and Utilities Mining

Key Players

  • Motorola Solutions
  • Inc. (US)
  • Nokia (Finland)
  • ZTE Corporation (China)
  • Telefonaktiebolaget LM Ericsson (Sweden)
  • Huawei Technologies Co. Ltd (China)
  • AT&T Inc. (US)
  • Harris Corporation (US)
  • Hytera Communication Corp Ltd (China)
  • Cobham Wireless (UK)
  • Ascom (Switzerland)

Drivers

  • MCX technology shows great potential in a variety of sectors
  • Increasing Demand of Reliable
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Mission Critical Communication (MCX) Market Overview:


According to the latest research report, it is projected that the Global Mission Critical Communication Market size is valued at USD 13.63 billion in the year 2019 and would be worth USD 45.22 Billion by the end of the forecast year, expanding at a compound annual growth rate of CAGR of 11.1 percent during the forecast timeframe 2020–2030. Mission-critical communications relate to communication systems operations, such as push-to-talk, which support operations that include a high threat to health and assets. In clearer words, mission-critical communications relate to the capability of communications technology to supply reliable connectivity in situations where traditional networks are unable to satisfy the requirements for interaction. Because of commuter traffic, traditional networks are unable to ensure superior communication during critical public events when a significant number of connections are operating at the same moment. Such devices are utilized in these situations.


The growing need for a dependable network during crises, as well as the advanced features provided with mission-critical communication systems, are the primary drivers driving the growth of the global market. The capacity of MCX devices to interact in situations when regular communication networks are unable to function has contributed to their widespread acceptance. Users may call for assistance with ease using mission-critical communication devices, regardless of geographic location or the accessibility of the commercial connection, according to the manufacturer. Mission Critical Communications systems improve communication skills and reduce transmission delay, which contributes to increased national security in the event of an emergency. As an added benefit during disaster events, mission-critical communication systems are expected to provide critical components of regulation such as call prioritization and pre-programmed interoperability, enabling the neighboring processes being used and other primary users to be decided to add onto the system, regardless of the communications systems utilized in their respective platforms. Unfortunately, a lack of available spectrum capacity is one of the most significant issues impeding the expansion of such a mission-critical telecommunication sector.


This report contains all the information on the global Mission Critical Communication Market analysis and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. 


Covid 19 Analysis:
The COVID-19 pandemic had a significant impact on the mission-critical communication sector, resulting in significant lost profits to end-use companies, which then, in turn, caused their MCX implementation plans to be further postponed. The pandemic also caused operations at key MCX hardware manufacturing factories to be interrupted, resulting in a temporary closure of the facilities. Additionally, many major component manufacturers and technology companies were compelled to cut costs and output as a result of this.


Market Dynamic:
Drivers:
The prognosis for the mission-critical communication industry seems to be positive. MCX technology shows great potential in a variety of sectors, including aerospace and military, electric energy, petroleum & gas, automobile, and others. Also contributing to market development is the high demand for MCX technologies from microprocessor makers, device makers, technology providers, app developers, and network operators.


Opportunities:
During the time under consideration, private organizations would make significant expenditures in the advancement of technology, thus creating mission-critical communication market opportunities expansion.


Restraints:
The high level of capital expenditures needed to implement MCX solutions is a significant impediment to the market's expansion and development.


Challenges:
The market's development is challenged by high implementation costs, restricted data transfer capacities, and restricted spectrum frequency availability.


Cumulative Growth Analysis:
The advanced features provided by mission-critical communication (MCX) network systems are expected to have a direct impact on the development of the mission-critical communication market during the forecast timeframe of 2019 to 2025, according to the market research firm. Also anticipated to contribute to the development of the market is a high need for a dependable network during times of crisis.


In addition, the increasing use of devices connected is having a favorable effect on the industry's growth and development. Additionally, the capacity of mission-critical communication (MCX) systems to interact in situations when corporate or regular networks are unavailable is anticipated to serve as an actively growing driver for the mission-critical communication (MCX) market. The fast change in consumer choice from present tech to LTE technology, in turn, is generating growing support for mission-critical communication (MCX) and propelling the development of the market as a whole.


Value Chain Analysis:
According to the reports, The mission-critical communication industry forecast is divided into four categories: components, technologies, verticals, and regions. The component sector is further subdivided into three categories: hardware, software, and services. It is possible to further divide sub-segment hardware into command and control centers, routers and gateways, distribution management systems, and other sub-segments. In a similar vein, the sub-segment service is further subdivided into three categories: consultation, integration, and support. LMR, long-term evolution and other technologies are subdivided into segments within the technological section. It is subdivided into the following vertical segments: community security & government agencies, transportation, energy & utilities, mining, and others. The Americas, Europe, Asia-Pacific, and the Rest of the World are subdivided into the region section.


Mission Critical Communication Market Segmentation Overview:
The market is segmented on the basis of components, technologies, verticals, and regions. The global mission-critical communication market is expected to witness decent growth during the forecast period.


By Application:
Based on the application, the market is segmented into consultation, integration, and support.


By End-users:
Based on the propulsion types, the market is segmented into community security & government agencies, transportation, energy & utilities, mining, and others.


Mission Critical Communication Market Regional Analysis:
According to the report, Region-wise, the mission-critical communication industry has been divided into four groups: North America, Europe, Asia-Pacific, and the rest of the globe. Despite the fact that North America had the highest market share of 33.6 percent in the year 2018, with a market estimated value Of us$ 4.58 billion, the mission-critical communication segment is likely to grow at a compound annual growth rate of CAGR of 10.3 percent during the forecast timeframe. Growing expenditures by emergency services in P25 2 way radio technology, as well as a change in consumer choice away from current technology and toward LTE technology, are propelling the market's expansion in North America. Internet techniques, such as PMR and LMR, are widely used in the area.


European countries emerged as the second-largest mission-critical communication market share, owing to the widespread use of critical communications networks by different consumers including the military and defense, and the ongoing development efforts of numerous well-established players in the region. Europe has been divided into four sections: the United Kingdom, France, Germany, and the rest of Europe.


Competitive Landscape:
As a result of strong rivalry among the current players, the Mission Critical Communication Market growth is anticipated to continue to grow. Integrating Mission Critical Communications solutions with LTE-advanced connectivity for public health and safety is expected to intensify competition as manufacturers continue to spend significantly on research and innovation for Mission Critical Mobile communications. The solutions provided by the businesses are also comparable and therefore do not differ significantly in terms of price, which is anticipated to increase competitiveness.


Major Key Players:


  • Motorola Solutions, Inc. (US)

  • Nokia (Finland)

  • ZTE Corporation (China)

  • Telefonaktiebolaget LM Ericsson (Sweden)

  • Huawei Technologies Co. Ltd (China)

  • AT&T Inc. (US)

  • Harris Corporation (US)

  • Hytera Communication Corp Ltd (China)

  • Cobham Wireless (UK)

  • Ascom (Switzerland)

  • Mentura Group OY (Finland)

  • Leonardo SpA (Italy)

  • Inmarsat PLC (UK)

  • Zenitel (Norway)

  • Telstra (Australia)


Report Overview:
The following report comprises of –


  • Market overview

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview

  • By Application

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Development:
Hytera introduced the VM780 body-worn camera in September of this year. With the VM780, you get a bodycam and a point-of-contact radio in one device that allows you to broadcast data and video in real-time via 3G, 4G, and Wi-Fi connections. All popular broadband wavelengths in Europe are supported by the gadget, which has been developed mainly for capturing high-definition 256-bit encrypted video, sound, and picture data and then storing and sharing it with others.


On the basis of Product Type:


  • Hardware

  • Services

  • Software


On the Basis of the End Users/Applications:



  • Energy and Utilities

  • Public Safety and Government Agencies

  • Mining

  • Transportation

  • Others


On the Basis of Region:
North America:



  • Europe

  • Asia-Pacific

  • South America

  • The Middle East and Africa



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 45.22 Billion
  CAGR   11.1%
  Base Year   2019
  Forecast Period   2020–2030
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Services
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   Motorola Solutions Inc. (US) Nokia (Finland) ZTE Corporation (China) Telefonaktiebolaget LM Ericsson (Sweden) Huawei Technologies Co. Ltd (China) AT&T Inc. (US) Harris Corporation (US) Hytera Communication Corp Ltd (China) Cobham Wireless (UK) Ascom (Switzerland)
  Key Market Opportunities   During the time under consideration, private organizations would make significant expenditures in the advancement of technology, thus creating mission-critical communication market opportunities expansion.
  Key Market Drivers   The prognosis for the mission-critical communication industry seems to be positive.


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Frequently Asked Questions (FAQ) :

The historical assessment of the global mission-critical communication market is recorded to be USD 13.63 Billion, which was in 2018.

The advanced features offered by mission-critical communication (MCX) systems, as well as rising demand for a reliable network during emergencies, are noted as the prime motivating factors of the market.

It is the North America region that verified for acquiring the largest market share. The recorded number for the share is USD 4.58 billion in the latest research report.

The market players are investing heavily in the field of research and development for MCX solutions, integration with LTE-advanced technology for public safety, and more.

The market’s progression is recorded to be USD 45.22 Billion by the year 2030.