The Digital Mobile Radio (DMR) Market demonstrates significant revenue growth. Growing defense budgets in countries across the globe to purchase safety systems would accelerate the DMR market growth. Market Research Future (MRFR) states that the global digital mobile radio (DMR) market is poised to escalate from USD 4.91 BN in 2022 to USD 13.20 BN by 2030, registering a 13.2% CAGR throughout the review period (2022-2030).
Advances in wireless broadband networks and the introduction of Project 25 digital two-way radio interoperability standards for emergency communications boost the DMR market size. Besides, policies on funding and sustainment of DMR systems for first responders and educating decision-makers on the possible impact of emerging technologies on DMR act as a major tailwind for market growth.
The other documents intended to help acquisition managers understand standard-based procurement for public safety interoperability accelerate the DMR market shares. The demand and use of advanced communication devices is growing steadily over recent years. Moreover, the rising demand for DMR devices in private security services would substantiate the market growth in the next few years.
The growing demand for manned guarding services and the need to protect civilians, led by the increasing urbanization, boosts the DMR market size. Simultaneously, the rising demand for trained security personnel in the defense sector fosters market revenues. Quadrupling numbers of malls, shopping centers, and IT parks create a vast demand for security services that can offer a trusted communication medium.
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Major Players
Leading DMR market players are Hytera Communications Corporation Ltd. (China), ICOM Inc. (Japan), Jvckenwood Corporation (Japan), L3Harris Technologies, Inc. (US), Leonardo SpA (Italy), Motorola Solutions, Inc. (US), RELM Wireless Corporation (US), Simoco Wireless Solutions Limited (UK), Tait Ltd. (New Zealand), Comita Group (Slovenia), Thales Group (France), MCS Digital (Australia), Rolta Incorporated (US), talent Technology Services Limited (UK), and RADIODATA GmbH (Germany), among others.
Digital Mobile Radio (DMR) Market – Segments
The market report is segmented into tiers, industry verticals, and regions. Of these, the tier segment is bifurcated into tier 1 (unlicensed), tier 2 (conventional), and tier 3 (trunked). Further, the industry vertical segment is bifurcated into commercial, mining, defense & public safety, oil & gas, transportation, and others. By region, the DMR market is segmented into North America, Europe, Asia-Pacific, and rest-of-the-world.
Global DMR Market – Geographical Analysis
North America is the largest market for digital mobile radios. The augmenting demand and implementation of radio systems featuring GPS, Bluetooth connectivity, and other advanced functionalities for surveillance, law enforcement, and security boost the DMR market size. Besides, the strong presence of key players such as L3Harris Technologies and Motorola Solutions influences the DMR market revenues.
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Digital Mobile Radio (DMR) Market – Competitive Analysis
The DMR market appears highly competitive, with the presence of several small and large-scale players. Key strategies traced from recent developments of industry players include agreement & partnership, acquisitions, expansion, and product or technology launch. On the other hand, the latest communication networking technologies and interoperability solutions remain their primary focus.
Industry/ Innovation/Related News:
Sept. 27, 2022 — Hytera Communications, a leading global professional communications technologies and solutions provider, announced the addition of two new models, HM68X and HM65X, to its DMR mobile two-way radio portfolio. These new-generation DMR devices are designed to offer reliable voice and data connectivity for workers on the road.
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