Report

Global Mission Critical Communication Market Size study, by Component, by Technology (Land Mobile Radio, Long-Term Evolution, 5G, Mission-Critical Push-to-X), by End-user and Regional Forecasts 2022-2032

  • Publish Date: Sep,2024
  • Report ID: 03-06-1943
  • Page : 200
  • Report Type : PDF (Email)
The Global Mission Critical Communication (MCX) Market is valued approximately at USD 23.45 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 14.28% over the forecast period 2024-2032. Mission critical communication systems and networks provide vital support for users to interact efficiently during critical times when regular cellular networks fail to operate effectively. The market for mission critical communication is driven by the advanced features these systems offer, such as call prioritization and pre-programmed interoperability, which enhance communication capabilities and reduce latency.

The rising adoption of 5G technology is set to revolutionize mission critical communication systems, providing ultra-high reliability and low latency. This allows emergency services to utilize more modern communication methods akin to those available on smartphones, ensuring real-time capabilities with minimal network delay. This technological advancement promises to expand the range of applications and use cases, enabling efficient, safer, and cost-effective solutions via commercial mobile networks with specific mission-critical capabilities. The introduction of features such as Push-to-Video, video sharing, group chat, file sharing, and location sharing, all while prioritizing mission-critical scenarios, is anticipated to drive the market growth significantly. However, high costs of mission critical communication systems and complexity in integration with existing systems restrain growth of the market during the forecast period 2024-2032.

The key region in the Global Mission Critical Communication (MCX) Market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2023, North America held the largest revenue share driven by product launches and strategic growth initiatives by key players. For instance, Motorola Solutions introduced the APX N series of next-generation mission-critical portable two-way radios, featuring enhanced ergonomics, security, and ruggedness. The Asia Pacific region, particularly China, India, and Japan, is expected to experience the highest growth rate due to the flourishing industries such as mining, energy, and utilities, which significantly drive the demand for mission critical communication solutions.

Major market players included in this report are:
Motorola Solutions, Inc.
Nokia
ZTE Corporation
Telefonaktiebolaget LM Ericsson
Huawei Technologies Co. Ltd.
AT&T Inc.
L3harris Technologies, Inc.
Hytera Communications Corp. Ltd.
Cobham Wireless
Ascom
Mentura Group Oy
Leonardo S.P.A.
Inmarsat Plc
Zenitel
Telstra
The detailed segments and sub-segment of the market are explained below:
By Component
Hardware
Software
Services
By Technology
Land Mobile Radio (LMR)
Long-Term Evolution
5G
Mission-Critical Push-to-X (based on 3GPP)
By End-user
Public Safety and Government Agencies
Transportation
Energy and Utilities
Mining
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.