Public Safety LTE Market is predicted to touch USD 41.28 Billion at a healthy 21.37% CAGR between 2020- 2030, reveals the latest Market Research Future’s (MRFR) public safety LTE market forecast report. The strong growth of the market can be accredited to rapid urbanization and its efficiency to respond during an emergency.
The COVID-19 pandemic has already had its impact on almost all major industries, with the exception of a few, such as the public safety LTE market. This crisis has increased the need for extensive and efficient network capacity that is adding market growth. This technology is widely used by operators in public safety communications as it helps to eliminate the issues of interconnectivity, thereby offering a perk at the time of group communications.
There has been a growing adoption of public safety LTE following the rise in national relief funds and the growing deployment of crowd control teams. Mandatory lockdowns, regulated curfews, and social distancing trends have been imposed all across the world to keep people away from the streets. These legislations, coupled with rising funds from the government in the law enforcement sector, are adding market growth.
Public safety LTE networks are playing a vital part to combat the outbreak. In the US, for instance, FirstNet communications is being widely used to offer location services, video, data, and voice for medical personnel and first responders alike, including mobile telehealth applications for facilitating monitoring and screening, capacity expansion, and temporary coverage for healthcare facilities, quarantine centers, and pop-up testing sites using in-building wireless systems and rapidly deployable cellular assets.
Need for Good Network Capacity to Boost Market Growth
Public safety LTE is playing a pivotal part in mission-critical services. It is increasingly being used as a communication standard during the COVID-19 outbreak to ensure a quick response from the public safety agency to take care of the safety of the people impacted by the outbreak. This emergency response of the pandemic worldwide has thrown light on the significance of LTE mission-critical communications. First responders and emergency responders are making the most of LTE-enabled networks to deploy diagnostic systems instantly and also deploy response teams in military bases, vacant buildings, parking lots, and other forms of first-line-of-defense environments. Thus the need for good network capacity during the pandemic is likely to add to the public safety LTE market share.
Other factors boosting the public safety LTE market size include the use of the technology to remove interconnectivity issues, demand for unmanned vehicles, seamless data connectivity, and top quality service, and increased data security provided by LTE technology.
Increasing Use of Lower-power Wide-area Technology to Offer Robust Opportunities
Increasing use of lower-power wide-area (LPWA) technologies in various public safety applications is likely to offer robust opportunities to market players in the near future.
Extensive Reliance on Traditional Legal Systems to Act as a Restrain
Extensive reliance on traditional legal systems due to spectrum scarcity may have a negative impact on the public safety LTE market demand over the forecast period.
High Development and Maintenance Cost to Challenge Industry Players
The high cost of development and maintenance of LTE network is likely to act as a challenge for industry players.
Global Public Safety LTE Market has been segmented based on Application and Product.
Product-based Private LTE Segment to Lead the Market
By product, the global public safety LTE market is segmented into hybrid LTE, commercial LTE, and private LTE. Of these, the private LTE market is predicted to lead the market over the forecast period. It is likely to touch USD 1222.9 million by 2025. The commercial segment, on the other hand, is predicted to grow at a healthy 24.7% CAGR over the forecast period.
Application-based Law Enforcement and Border Control Segment to Dominate the Market
By application, the global public safety market is segmented into disaster management, firefighting services, emergency medical services, and law enforcement and border control. Of these, the law enforcement and border control segment is predicted to dominate the market over the forecast period. Burgeoning demand for controlling and surveillance in border areas is adding to the growth of the segment. It is predicted to touch USD 1190.8 million at a whopping 24.935% CAGR by 2025.
Europe to Dominate the Market
By region, the global public safety LTE market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Among these, Europe is predicted to dominate the market over the forecast period. In 2017, it accounted for a 40.34% share. Increasing concern for public safety, rising penetration of the internet of things, rapid urbanization, favorable initiatives to use PS-LTE systems in place of TETRA network, and availability of LTE-based communication to first responders are adding to the global public safety LTE market growth in the region.
North America to Hold Second Largest Share in the Market
In North America, the global public safety LTE industry is predicted to have the second-largest share over the forecast period. In 2017, it accounted for a 30.76% share. Technological developments, early adoption of public safety LTE technology, the presence of various public safety technologies, and the rising awareness about the benefits of using public safety LTE technology are adding to the global public safety LTE market growth in the region. It is predicted to touch USD 1118 Million at a healthy 23.99% CAGR by 2025.
Players Focus on R&D Activities to Stay at the Forefront
Key industry players are investing substantially in research and development activities and product launches. They are developing LTE devices as well as related functionalities that are likely to boost the market growth.
For instance, Motorola is focusing on research and development efforts associated with the current technologies, and the advances of its business comprise the creation of smart public safety solutions and new-age public safety solutions.
|Market Size||USD 41.28 Billion (2020-2030)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product, v|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||General Dynamics Corporation, Airbus SE, Motorola Solutions, Cobham PLC, Nokia Corporation, Bittium, Samsung Electronics, Cisco Systems Inc, Telefonaktiebolaget LM Ericsson, AT&T Inc|
|Key Market Opportunities||Increasing use of lower-power wide-area (LPWA) technologies in various public safety applications is likely to offer robust opportunities to market players in the near future.|
|Key Market Drivers||Technological advancements, rapid urbanization are increasing the adoption of LTE technology for public safety.|
The global public safety LTE market is expected to record a substantial market valuation of USD 41.28 Billion by 2030.
Technological advancements, rapid urbanization are increasing the adoption of LTE technology for public safety.
the extensive reliance on traditional legacy systems is likely to hamper the growth of the public safety LTE market over the review period.
The global public safety LTE market is projected to register a moderate 21.37% CAGR in the forecast period.
The hybrid LTE segment is slated to expand as the fastest-growing segment.
The disaster management segment is slated to expand as the fastest-growing segment.
A few major market players operating in the global public safety LTE market are AT&T Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Samsung Electronics, Bittium, Nokia Corporation, among others.
The global public LTE safety market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, and frequent changes in government policies are key factors that confront market growth. The vendors compete based on quality of service, pricing, and reliability. It is crucial for the vendors to provide advanced technology and value-added services for public safety LTE vendors to survive and succeed in an intensely competitive market environment.
The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and advancement in digital services. General Dynamics Corporation, Airbus SE, MOTOROLA SOLUTIONS, Cobham PLC, Nokia Corporation, Bittium, Samsung Electronics, Cisco Systems, Inc, Telefonaktiebolaget LM Ericsson, AT&T Inc are major companies in the market that compete in terms of services offered, pricing of IPN devices, and availability of components from suppliers. These companies primarily focus on the unmanned operations and remote surveillance. Although the global players are dominating the market, regional players with small market shares also have a presence in the market. The global players are expected to strengthen their presence worldwide through organic and inorganic growth during the forecast period.
The vendors with better technical and financial resources can develop innovative product that render the competitors' products, obsolete and non-competitive even before they are launched, or costs are recovered. Therefore, vendors must develop new technologies and stay in touch with emerging technologies that could affect the continuing competitiveness of their product lines in the market.
Nokia provides network and Internet protocol (IP) infrastructure, software, and related services. The company operates through four segments: global services, IP networks and applications, Nokia technologies, and ultra-broadband networks. The company operates in Finland, China, the US, India, France, Japan, the UK, Germany, Italy, and other countries. Nokia is aimed at increasing its existing market presence and wide customer base. By following organic growth strategies such as extensive investments in research and development and advancements in existing technologies, the company is able to easily tap into new market segments.
General Dynamics Corporation is one of the major vendors in public safety LTE market. The company engages in the provision of wireless communication and smart system solutions for US military. The company operates in three segments such as aerospace, combat systems, information systems and technology and marine systems. Few public safety LTE products from the list are Fortress LTE 20W ENodeB (RN2420), FirstRunner Compact Rapid Deployable 4G LTE System, Fortress LTE Virtual Core Network (VCN).
Samsung Electronics is another major player in the public safety LTE market. The company has been operating for more than 45 years with a strong industrial expertise. Samsung Electronics provides public safety LTE solutions for government agencies, organization, industries and for commercial safety. The company has launched 3GPP standard based public safety LTE solution in South Korea to share precise information such as videos and images.
Motorola Solutions provides communication infrastructure, devices, accessories, software, and services. The company has a wide customer base that includes federal, state, county, province, territory, municipal, and departmental independent bodies, along with its commercial and industrial consumers. The company operates in the US, the UK, and rest of the world. Motorola Solutions focuses on organic and inorganic growth strategies and continues its innovation in standards-based voice and data solutions spanning APCO 25, TETRA, DMR, and LTE technologies.
These companies contributed a major proportion towards market revenue of public safety LTE market.