The global public safety wireless communication systems market is valued at US$ 12.75 Bn in 2018 and is expected to reach US$ 25.60 Bn expanding at a CAGR of 8.1% during the forecast period from 2019 to 2027.
Market Insights
The combination of factors including data & analytics, artificial intelligence (AI) and crowdsourcing among others are propelling the growth of the public safety wireless communication systems market. Cyber security threat poses as a major challenge and to overcome this challenge measures are taken by the technology companies to ensure data security. This may hinder the growth of the public safety wireless communication systems market. Public safety communication systems is a wireless communication technology used for emergency services, by police department, fire department, medical services to prevent incidents which endangers public safety. It is an interdepartmental collaboration between multiple organizations involving police force, criminal justice and emergency response services. Through the help of this network information sharing and functional interoperability needs for public safety are addressed.
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Based on type, Digital segment is leading the public safety wireless communication market as data can be exchanged seamlessly using digital platforms as compared to analog systems. The effectiveness and efficiency of response in emergency situations can be greatly improved as information flow gets enhanced through digital signals. For instance, fire department, police department and defense & military can use data analytical tools to detect and capture data important to public and national security. The rapid adoption and application of digital technology is expected to propel the growth of the public safety wireless communication systems market.
Based on geography, public safety wireless communication systems market is dominated by North America region in terms of revenue, owing its dominance to the implementation of digital age products such as AI. Asia Pacific region to witness fastest growth throughout the forecast period, owing to an upsurge in its smart city projects and increasing adoption of security solutions to counter terrorism and natural disasters. The emerging countries such as China and India of the APAC region provide enormous opportunities of growth, due to ever-growing incidents of terrorist activities and natural disasters among others. Thus bolstering the growth of the public safety wireless communication systems market.
Digital Signals to Dominate and Register Maximum Growth throughout the Forecast Period
Based on type, the global public safety wireless communication systems market is categorized into Analog Signals and Digital Signals. The widespread use of digital signals technology has overshadowed the market for analog signals technology which was a dominant technology over the past few decades. The adoption of digital products worldwide has led to the dominant position of digital signal technology. Digital signal is followed by Analog signal, which is gradually losing its popularity due to the replacement of this technology by digital technology. Digital signal is expected to register faster growth during the forecast period of 2019-2027. The demand for digital signals is fuelled by the advances made in this technology, which in turn propels the growth of global public safety wireless communication systems market.
North America Dominates; Asia Pacific Touted to Register Fastest Growth during the Forecast Period
North America region dominates and is the leader of the market, contributing largest revenue share to the global public safety wireless communication systems market followed by Europe and Asia Pacific respectively. This is due to emergence of advanced technologies and its implementation by various organizations in this region. North America being the early adopter of digital technology, which drives the growth of the public safety wireless communication systems market in this region. In contrast, Asia Pacific is set to register the fastest and largest growth during the forecast period. This growth is associated with the emergence of smart cities, increased terrorist activities and rising natural disasters among others, which creates the demand for effective and efficient public safety systems. Thus bolstering the growth of the public safety wireless communication systems market in this region.
Some of the leading manufacturers/developers profiled in the study include Nokia Corporation, AT&T, Inc., Motorola Solutions, Inc., Huawei Technologies Co., Ltd, Telefonaktiebolaget LM Ericsson, Hariss Corporation, ZTE Corporation, Cobham Wireless Plc, Inmarsat Plc, Hytera Communication Corporation Ltd., JVCKENWOOD Corporation, Mentura Group, Tait Communications, Telestra Corporation Ltd., Ascom Holding AG among others.
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