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Study on Professional Mobile Radio Market Reveals Positive Outlook in Market Revenue during Forecast 2018-2026

Press release Description

Albany, New York, August 2, 2018: Nowadays, increasing technological advancements across the world is giving so much to the communication sector. In this sector, professional mobile radio is a rapidly expanding and dynamic area. It has been analyzed that increasing adoption of digital technology in the communication sector driving the global professional mobile radio market. Market Research Reports Search Engine (MRRSE) has freshly publicized a study titled “Professional Mobile Radio Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026” to its online repository, which is a professional and in-depth analysis on the current state and future prospect of the professional mobile radio market by 2026 end. It provides reliable information to industry insiders, potential entrants and investors.

Professional mobile radio is widely used as a convenient means of communication by enterprises and government establishments across the world. Rise in need to improve the efficiency of radio communications systems and public safety organizations is primarily driving the adoption of PMR systems. As per active research evaluations, the professional mobile radio market is expected to expand to US$ 15,779.5 Mn in 2026 from US$ 36,285.7 Mn in 2017, expanding at a remarkable CAGR of 9.8%.

To elaborate further on the market status, the report covers market dynamics that influence the current nature and future status of this market. In addition, this report provides all the essential information required to understand the professional mobile radio and its application and technology. The research study has found that the ability of PMR devices to offer cost-effective and reliable communication systems is fueling the demand for them. On the basis of application, the research segregates the market into commercial and public safety. These segments are further sub-segmented into major industries such as transportation, retail, utility, mining, military and defense, emergency and medical devices, home security, fire department and others. On the basis of technology, the study covers digital and analog. According to the research study, the digital technology segment of the market held a prominent share and is anticipated to maintain its dominant position, both in terms of revenue and volume.

Moving further in the study, geographical expansion of the market has been deliberated. The section highlights the market scenario in some prime regions, including Asia-Pacific, North America, Europe, South America, and Middle East & Africa. According to the research findings, the market in the North America region is anticipated to expand at an impressive rate until the end of 2026. Technical advancements increased digitization, and the presence of a large number of professional mobile radio manufacturers are anticipated to significantly influence the global professional mobile radio market in North America.

The final section of the report deals with the competitive landscape which highlights the key players that are operating in the global professional mobile radio market. They include Codan Radio Communications, Tait Communications, Motorola Solutions, Inc., Simoco Wireless Solutions, Harris Corporation, JVCKenwood Corporation, Hytera Communications Corporation Limited, and Raytheon Company.

Browse Full Global Professional Mobile Radio Market Report with TOC :

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