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Mission Critical Communication (MCX) Market: Global Industry Growth at 10.5% CAGR With Size, Share, Segments and Regional Trends By 2025

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Jan 20, 2020 (Heraldkeepers) -- Mission Critical Communication Market Research Report 2020: Industry Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation By Component (Hardware (Command and Control Center, Router and Gateways, Distribution Management System), Software, Services (Consulting, Integration, Maintenance)), by Technology (land Mobile Radio (LMR), Long-Term Evolution), By Vertical (Public Safety and Government agencies, Transportation, Energy and Utilities, Mining) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) – Forecast till 2025

Some of the Prominent Players in the Global Mission-Critical Communication Market are –

Motorola Solutions, Inc. (US), Nokia (Finland), ZTE Corporation (China), Telefonaktiebolaget LM Ericsson (Sweden), Huawei Technologies Co. Ltd (China), AT&T Inc. (US), Harris Corporation (US), Hytera Communication Corp Ltd (China), Cobham Wireless (UK), Ascom (Switzerland), Mentura Group Oy (Finland), Leonardo SpA (Italy), Inmarsat PLC (UK), Zenitel (Norway), and Telstra (Australia).

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Market Highlights

The Global Mission-Critical Communication (MCX) Market is spanned across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America led the MCX market in 2018, generating the highest market value of USD 4.58 billion; it is expected to grow at a CAGR of 10.3%. Among countries, the US accounted for the largest market share in the region due to the presence of various local and key vendors in the country. Launch of LTE services by major service providers such as AT&T and deployment of FirstNet, a national security broadband network in 2012 using LTE 700 MHz spectrum results in the growth of the mission-critical communication market in the US. Whereas Canada is projected to witness the fastest growth rate owing to factors such as well-developed infrastructure for facilitating the adoption of advanced technologies. Canadian Advanced Technology Alliance (CATA) has coined a new term "Global Broadband" to achieve necessary broadband targets across the country. Sectors including mining and oil & gas will continue to adopt private LTE networks to make their operations more efficient which is expected to drive the growth of the market.

Europe has been the second-highest, the revenue-generating market for MCX in 2018 and is expected to grow with the fastest growing 11.8% CAGR. The high adoption of MCX by the military and defense sector is one of the major factors driving the growth of this market. In Europe, the UK is leading the MCX market. Airwave is the largest and fully operational mobile communication network for public safety professionals. However, the country is planning to replace the voice services provided by Airwave with its own national voice and broadband mobile communication service known as an emergency service network. The increasing demand to standardize commercial mobile communication on LTE or 4G technology is also expected to drive the growth of the mission-critical communication market in the UK.

Asia-Pacific is expected to be the second-fastest-growing region for the MCX market growing at a CAGR of 11.0% during the forecast period of 2019-2025; this is due to increasing investments and rapid developments in infrastructure and transportation facilities in the region. China accounts for the largest market share in the region due to the presence of various local and key vendors in the country. The region is prone to natural disasters such as hailstorms, floods, earthquakes, and others which affect the traditional communication networks; therefore various end-users are adopting the MCX systems and networks.

Key Developments

  • September 2019: Hytera launched VM780 body-worn camera. The VM780 combines a bodycam and PoC radio in a single device that enables real-time data and video streaming over 3G, 4G, and Wi-Fi networks. The device supports all common broadband frequencies in Europe and has been designed primarily to capture, store, and share high-definition, 256-bit encrypted video, audio, and image data.

  • August 2019: Motorola launched mission-critical security solutions named Avigilon video for radio site security and the KVL 5000 key variable loader for secure communications. The radio site video service, using Avigilon's cameras, is designed to secure remote sites from theft, vandalism, or natural calamities. KVL 5000 enables agencies to secure communications on ASTRO 25 networks and allows users to quickly and securely generate, transport, and load encryption keys into communication products.

  • July 2019: Motorola acquired WatchGuard, Inc., a mobile video solutions provider, for public safety which designs and manufactures in-car video systems, body-worn cameras, evidence management systems, and software. The acquisition is aimed at expanding the mission-critical portfolio of Motorola by adding video security solutions to the portfolio which includes fixed cameras and advanced analytics from Avigilon and license plate recognition (LPR) cameras and software from Vigilant Solutions.

Global mission-critical communication Market Segmentation

The Global Mission-Critical Communication Market has been segmented on the basis of Component, Technology, End-User, and Region. Based on the component, the market has been segmented into hardware, software, and services. The hardware segment has further been divided into command and control centers, distributed management systems, routers and gateways, and others. The services have been segmented into consulting, integration and maintenance segments. The technology segment has been sub-segmented into land mobile radio (LMR) and long-term evolution (LTE). The vertical segment has been sub-segmented into public safety and government agencies, energy and utilities, transportation, mining, and others.

Key questions addressed by the report

  • What was the historic market size (2016)?

  • Which segmentation (Component/Technology/ end-user) is driving the market?

  • What will be the growth rate by 2025?

  • Who are the key players in this market?

  • What are the strategies adopted by key players?

Access Report Details @ https://www.marketresearchfuture.com/reports/mission-critical-communication-market-8654

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

COMTEX_360803429/2582/2020-01-20T01:38:51

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