Public Safety LTE Market Forecast : $70.44 Billion by 2028 at a CAGR of 24.9% | AMR

Public Safety LTE Market

The report provides a detailed analysis of changing market dynamics, key segments, value chain, regional scenario, top investment pockets, competitive landscape

WILMINGTON, NEW CASTLE, DE, UNITED STATES, December 5, 2024 /EINPresswire.com/ — The global 𝐏𝐮𝐛𝐥𝐢𝐜 𝐒𝐚𝐟𝐞𝐭𝐲 𝐋𝐓𝐄 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at $12.00 billion in 2020, and is projected to reach $70.44 billion by 2028, registering a CAGR of 24.9% from 2021to 2028. Increase in investments to improve network connectivity and rise in network dependency for crucial public welfare and economical activities drive the growth of the global public safety LTE market. However, limited availability of spectrum and high implementation and maintenance costs hinder the market growth. On the other hand, surge in digitalization trends and technological advancements in the field of LTE networks present new opportunities in the coming years.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 – 320 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/A11868

Networks play a vital role in public infrastructure and safety facilities, as the consumer technologies are developed with newer devices and applications. Public safety networks are used by governments, police authorities, fire departments, healthcare agencies, and other public bodies for communication and public service announcements.

Based on type, the infrastructure segment held the highest share in 2020, accounting for more than 90% of the total share, and is projected to maintain its lead position throughout the forecast period. However, the services segment is estimated to witness the highest CAGR of 28.3% from 2021 to 2028.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/public-safety-lte-market/purchase-options

In 2020, by type, the infrastructure segment garnered the major share of the global public safety LTE industry and is expected to maintain its dominance in the upcoming years, owing to the developments such as higher data transfer rates and improved spectral performance. In addition, surge in demand for LTE public safety infrastructure is expected to drive the growth of the market in the coming years. The consulting services associated LTE technologies help in gaining knowledge of technologies, which is driving the growth of the market. Moreover, advancements in LTE technologies and adoption of various deployments are providing ample opportunities for the growth of the public safety LTE market trends.

Based on application, the law enforcement and border control segment held the largest share in 2020, contributing to more than three-fifths of the total market share, and is estimated to continue its lead position by 2028. However, the disaster management segment is expected to garner the highest CAGR of 30.4% during the forecast period.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

Hytera Communications Corporation Limited, AT&T INC., Airbus SE, General Dynamics Corporation, L3Harris Technologies, Inc., Motorola Solutions, Inc., Nokia Corporation, Bittium, HUAWEI TECHNOLOGIES CO., LTD., Cobham Limited

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A11868

Based on region, Europe accounted for the highest share in 2020, contributing to nearly two-fifths of the total market share, and is expected to maintain its dominance in terms of revenue by 2028. However, Asia-Pacific is expected to register the fastest CAGR of 26.7% during the forecast period.

Based on deployment model, the commercial LTE segment contributed to the highest market share, holding more than half of the global public safety LTE market in 2020, and is expected to maintain its lead in terms of revenue throughout the forecast period. However, the hybrid LTE segment is expected to manifest the largest CAGR of 26.9% from 2021 to 2028.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A11868

Public safety networks are required to be completely reliable and functional to manage or prevent a possible disaster and catastrophe. LTE networks provide faster speed and lower latencies than their previous generation counterparts.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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David Correa
Allied Market Research
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