The global public safety wireless communication systems market accounted for US$ 16.00 Bn in 2021 and is projected to reach US$ 32.14 Bn by 2030, growing at a CAGR of 8.1% throughout the forecast period from 2023 to 2030. Public safety wireless communication systems are currently driven by next-gen mobile technology enablers for meeting the new requirements of public safety. Public safety is one of the key responsibilities of any government including protecting the public from terrorist attacks, crimes, and natural disasters. An effective way to manage public safety needs is to have interagency coordination between various organizations such as law enforcement and military, fire department, and emergency medical services. Effective communication is vital for these organizations while dealing with public safety issues. Thus, driving the growth of the public safety wireless communication systems market. The propulsion in the demand for public safety wireless communication systems market can also be associated with rising adoption of digital technology by multiple organizations. Thus, driving the growth of the public safety wireless communication systems market.
Digital Signals to Dominate and Register Maximum Growth throughout the Forecast Period
Based on type, the global public safety wireless communication systems market is categorized into Analog Signals and Digital Signals. The widespread use of digital signals technology has overshadowed the market for analog signals technology which was a dominant technology over the past few decades. The adoption of digital products worldwide has led to the dominant position of digital signal technology. Digital signal is followed by Analog signal, which is gradually losing its popularity due to the replacement of this technology by digital technology. Digital signal is expected to register faster growth during the forecast period of 2023-2030. The demand for digital signals is fuelled by the advances made in this technology, which in turn propels the growth of global public safety wireless communication systems market.
North America Dominates; Asia Pacific Touted to Register Fastest Growth during the Forecast Period
North America region dominates and is the leader of the market, contributing largest revenue share to the global public safety wireless communication systems market followed by Europe and Asia Pacific respectively. This is due to emergence of advanced technologies and its implementation by various organizations in this region. North America being the early adopter of digital technology, which drives the growth of the public safety wireless communication systems market in this region. In contrast, Asia Pacific is set to register the fastest and largest growth during the forecast period. This growth is associated with the emergence of smart cities, increased terrorist activities and rising natural disasters among others, which creates the demand for effective and efficient public safety systems. Thus bolstering the growth of the public safety wireless communication systems market in this region.
Some of the leading manufacturers profiled in the study include Nokia Corporation, AT&T, Inc., Motorola Solutions, Inc., Huawei Technologies Co., Ltd, Telefonaktiebolaget LM Ericsson, Hariss Corporation, ZTE Corporation, Cobham Wireless Plc, Inmarsat Plc, Hytera Communication Corporation Ltd., JVCKENWOOD Corporation, Mentura Group, Tait Communications, Telestra Corporation Ltd., Ascom Holding AG among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Public Safety Wireless Communication Systems market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report