Public Safety LTE & 5G Market to Witness a Growth Trajectory of US$ 1,26,570.5 Million By 2031
𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/public-safety-lte-5g-market
The desire for improved communication technologies in emergency services has caused the Public Safety LTE & 5G market to expand quickly in recent years. Mission-critical public safety applications require new capabilities that 5G technology has brought forth, such as ultra-fast data speeds, reduced latency, and expanded capacity.
As countries continue to modernize their current network infrastructure to improve communication speeds and offer better overall connection to their residents and services, LTE & 5G networks are being embraced in emerging countries at a rapid rate. For instance, the sale of telecom products and services in Southeast Asia and Australia generated over 750 million dollars in income for the Swedish provider of telecom equipment and services at Ericsson in 2020. 2019 had a 21% increase over the prior year in this statistic.
By the end of 2022, yearly investments in public safety LTE and 5G infrastructure will be close to US$ 1.6 billion, driven by the expansion of both new dedicated, hybrid government-commercial, and secure MVNO/MOCN networks as well as brand-new build-outs. This market will be supported by a quickly growing ecosystem of public safety-grade LTE/5G devices.
Governments and private businesses in emerging countries are eager to expand the nation's networking infrastructure and are investing more money in the LTE and 5G markets. The use of advanced communication technologies is growing due to the formation of fast response teams at hospitals and community emergency response programs. This is also driving up demand for strong, dependable, and dedicated networks throughout the region for crime control, medical safety, and other uses, which is ultimately driving up the adoption of public Safety LTE & 5G networks throughout the region. Smart cities are also emerging in developing regions, including the Asia Pacific.
Network Infrastructure Attained US$ 8,136 Million Revenue
The network infrastructure segment generated about $8,136 million in sales in 2022. In order to build and maintain reliable communication networks for public safety applications, network infrastructure is essential. The demand for network infrastructure has increased as public safety organizations around the world implement LTE and 5G technologies at an increasing rate. Governments and organizations are making significant investments in modernizing and extending their network infrastructure to guarantee dependable and seamless communication in times of crisis. As a result, the network infrastructure segment will maintain its market leadership during the forecast period.
LTE Technology Generation to Generate a Share of More Than 60%
The LTE market produced significant revenue in 2022 of about US$ 13,930.4 million. The high adoption of this category by significant public safety organizations and the subsequent expansion of this market are both largely attributed to its thriving ecosystem, performance measures, and spectrum flexibility.
Asia Pacific to Capture a Revenue Share of Over 36% in the Global Public Safety LTE & 5G Market
The Asia Pacific region generated the highest revenue in the market. Asia Pacific is expected to contribute more than US$ 409,800 million to the global market during the forecast period, or more than 36% of the overall market value. The region is seeing major investments in cutting-edge communication technologies due to its rapid economic expansion, growing urbanization, and growing public safety concerns.
The expansion and market dominance of this sector has been aided by growing endeavors by major telecom carriers to invest in and implement cutting-edge technologies to ensure smooth connections for public safety. For example, Nokia introduced two new network core platforms in May 2023 that scaled down its 5G-focused communication service provider (CSP) core product for the vital public safety and power utility verticals.
The public safety infrastructure in nations like China, Japan, South Korea, and India is actively being upgraded by the governments of these nations. The Chinese government places high importance on encouraging the building of new infrastructure as part of its overall national policy. A statewide 5G rollout began in 2019 with the official issuance of commercial 5G licenses by China's Ministry of Industry and Information Technology ('MIIT'). Nearly a year later, the MIIT presented more plans to quicken the speed of 5G development and enhance the technologies' capacity to promote innovation. According to the China Academy of Information and Communications Technology (CAICT), by 2025, the total amount invested in 5G infrastructure projects might be RMB 1.2 trillion (more than $170 billion).
𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐌𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/industry-report/public-safety-lte-5g-market
Competitive Landscape
Major players in the global public safety LTE & 5G market include Cisco Systems, Inc., BAE Systems, Dell Technologies, HCL Technologies, IBM Corporation, Enensys Technologies, etc. In order to develop and test public safety solutions and increase their market share, these businesses are consistently investing in strategic alliances with local telecom firms and governmental bodies.
Leading Players
• Abside Networks, Inc
• Cisco Systems, Inc
• AccelerComm Ltd
• Accelleran NV
• BAE Systems.
• BEC Technologies
• Celeno
• Dell Technologies
• HCL Technologies
• IBM Corporation
• A10 Networks, Inc
• Ace Technologies Corp.
• ADVA Optical Networking
• BandwidthX
• Blackberry
• Carlson Wireless Technologies, Inc.
• Dell Technologies
• Enensys Technologies
• GALTRONICS
• General Electric
• Other Prominent Players
Segmentation Outline
The global public safety LTE & 5G market segmentation focuses on Component, Technology Generation, Application, and Region.
By Component
• Network Infrastructure
• RAN (Radio Access Network)
Base Station (eNB/gNB) Cell Sizes
Macrocells
o Small cells
• RAN Base Station (eNB/gNB)
Fixed Base Stations
• Deployable Base Stations
NIB (Network-in-a-Box)
Vehicular COWs (Cells-on-Wheels)
Aerial Cell Sites
Maritime Platforms
Mobile Core
• Backhaul & Transport
Fiber & Wireline
Microwave
o Satellite
• Terminal Equipment
o Smartphones & Hand portable Terminals
o Mobile & Vehicular Routers
o Fixed CPEs (Customer Premises Equipment)
o Tablets & Notebook PCs
o Smart Wearables
o IoT Modules, Dongles
o Others
• Systems Integration & Management Tools
o Network Integration & Testing
o Device Management & User Services
o Managed Services, Operations & Maintenance
o Cybersecurity
• Services
o Dedicated & Hybrid Commercial-Private Networks
o Secure MVNO Networks
o Commercial Mobile Networks
By Technology Generation
• LTE
o Infrastructure
o Terminal Equipment
o Services
• 5G NR
o Infrastructure
o Terminal Equipment
o Services
By Application
• Mission-Critical Voice & Group Communications
• Real-Time Video Transmission
• Messaging
• File Transfer & Presence Services
• Mobile Office & Field Applications
• Location Services & Mapping
• Situational Awareness
• Command & Control
• AR/VR/MR (Augmented, Virtual & Mixed Reality)
By Region
• North America
o US
o Canada
o Mexico
• Europe
• Western Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
• Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
• Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o South Korea
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa
o UAE
o Saudi Arabia
o Rest of Middle East & Africa
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/public-safety-lte-5g-market
𝐀𝐛𝐨𝐮𝐭 𝐀𝐬𝐭𝐮𝐭𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐚:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
Aamir Beg
Astute Analytica
+1 888-429-6757
email us here
Visit us on social media:
Twitter
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
