Services Segment to Register Substantial Growth in United States Critical Communication Market During Forecast Period
Advanced features and extensive scope of coverage provided by critical communication solutions to drive the growth of United States critical communication market
According to TechSci Research report, “United States Critical Communication Market By Offering, By Technology, By Application, By Region, Forecast & Opportunities, 2024”, the United States critical communication market is expected to grow at a steady CAGR through 2024 on account of growing need for a reliable and high quality critical communication system. However, high procurement costs and interoperability issues can restrict growth of the market during forecast period.
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The United States critical communication market is segmented based on offering, technology, application, company and region. Based on offering, the market can be categorized into hardware, software and services. The services segment is expected to observe robust growth during forecast period. This can be attributed to the increasing instances of threats, cyberattacks and emergence of sophisticated hacking attacks as a result of which several organizations and government organizations are upgrading their communications systems. Based on technology, the market can be fragmented into land mobile radio, long term evolution and others. The land mobile radio segment is expected to witness significant growth over the coming years attributable to their widespread use by first responders such as police, ambulance, fire services, among others.
Qualcomm Technologies Inc., Motorola, Inc., Samsung America Inc., Rohill Engineering U.S., Inc., Nokia Corporation, AT&T Inc., Harris Corporation, ZTE USA, Inc., Cobham Wireless Plc, Simoco Wireless Solutions Limited and others are some of the leading players operating in United States critical communication market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, In March 2018, Harris received a 5-year, single-award Indefinite Delivery Indefinite Quantity (IDIQ) contract from the U.S. Navy in the fiscal year 2018 for HF and multiband handheld and manpack radio systems and accessories.
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“United States critical communication market is expected to witness significant growth during the forecast period, owing to the ongoing technological advancements and rising adoption of digital LMR products by government and commercial sectors in the region. Additionally, the government has made the interoperability standard available to ensure efficient use of LMR technology products, fast and uninterrupted communication in case of catastrophic situations similar to the 9/11 attack or Hurricane Katrina.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Critical Communication Market By Offering, By Technology, By Application, By Region, Forecast & Opportunities, 2024” has evaluated the future growth potential of United States critical communication market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States critical communication market.
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