Land Mobile Market to Exhibit 16.9% CAGR from 2014 to 2020
The presence of several large and small players and the continuous influx of a number of new players owing to the rising demand has made the vendor landscape of the global land mobile radio market largely fragmented and highly competitive, observes Transparency Market Research in a recent report. With the view of staying ahead of competitors, companies are ploughing in more resources into innovations, refinement of products through the integration of high-speed cellular networks and other technologies, and expansion across new regional markets. Some of the leading companies in the market are RELM Wireless Corporation, TE Connectivity Ltd., Airbus DS Communications, Motorola Solutions, Inc., Harris Corporation, Nokia Solutions and Networks, Thales Group S.A., Honeywell International, Inc., and Raytheon Company. According to the report, the market will rise to a revenue opportunity of US$30.6 bn by 2020. If the numbers hold true, the market would have registered an impressive C...