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The land mobile radio (LMR) market size is forecast to increase by USD 15.07 billion at a CAGR of 13.64% between 2023 and 2028. The market is witnessing significant growth due to the increasing importance of efficient critical communication operations in various industries, particularly in public safety and transportation sectors. The need for real-time, reliable, and secure communication is driving the demand for advanced LMR systems. Another key trend is the upgradation of land mobile radios from analog to digital technology, which offers enhanced features such as better voice quality, increased capacity, and improved security. However, the market faces challenges such as limitations of LMR technology in terms of coverage range and interference issues. Additionally, the emergence of alternative communication technologies like broadband PTT and cellular networks poses a threat to the LMR market. Despite these challenges, the market is expected to grow steadily due to the continued demand for reliable and efficient critical communication solutions.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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