LMR market trends and industry forecast, 2012-18

A new report has been released that forecasts the market trends for the LMR industry over the 2012-18 time frame.

The report says that the expansion of the LMR systems market slowed down during the recent global economic downturn; however, with the world economy returning back to stability, the market is expected to witness considerable growth in upcoming years.

The demand for cost-effective and reliable radio communication systems is increasing rapidly, which is the major market driver for the LMR industry. The growth of the systems market is mainly attributed by technological developments and extensive enhancement in ease-of-use applications with digital radios.

This research report analyses this market depending on its market segments, major geographies (North America, Asia-Pacific, Europe and rest of the world), and current market trends.

The analysis covers: market-growth drivers; factors limiting market growth; current market trends; market structure; and market projections for upcoming years.