Mission Critical Communication Market

Mission Critical Communication Market Size (2022 - 2027)

The Mission Critical Communication Market was worth US$ 13.63 billion in 2021, and it is estimated to reach a valuation of US$ 26.6 billion by the end of 2026, expanding at annual growth rate of 10.5% between 2021 and 2026.

The ability of a solution to deliver the communication means to end users where the conventional systems cannot meet the required demands of the end user is known as the mission critical communication. These provides seamless communication and supports operations which involves high risk to life and property. These critical communication devices are used to inform a large number of public such as in public places about a critical condition. These critical communication devices are also used in disaster prone areas to increase the public safety.

Market Growth

The growing demand for a reliable network during emergencies is a factor that is expected to lead the Mission Critical Communication market during the forecast period.

Market Drivers

Rise in demand for critical communications solutions from various industries is expected to play an essential role in the growth of market of Mission Critical Communication across the globe. Another factor such as global rise in terrorism and public safety which influence the growth of Mission Critical Communication market during the forecast period. Rising adoption of MCX technologies in aerospace and defense, energy & power, oil and gas, automotive and other industries are some of the major driving factors which promotes the growth of the revenue rate of Mission Critical Communication market during the forecast period. Furthermore, the proliferation of industrial automation, data center and enterprise communication networking is also another major growth supporting factor of Mission Critical Communication market. Increasing of investments by the government implementing the mission critical communications solutions in the defense sector acts as major driving factor for the growth of the market.

Market Restraints

High implementation cost is one of the important barriers to market growth. Limited data transport capabilities and limited spectrum bandwidth acts as an important deterrent to the growth of the Mission Critical Communication market.

MISSION CRITICAL COMMUNICATION MARKET REPORT COVERAGE:

Market Segmentation

The Mission Critical Communication market is segmented based on component, technology and end user.

Mission Critical Communication Market - By component:

the Mission Critical Communication Market is divided into hardware, software and services. The hardware segment is further bifurcated into command and control canter, router & gateways, distribution management system and others. The services segment is further bifurcated into consulting, integration and maintenance. The Hardware segment holds the major share of the market and is expected to hold the dominance during the forecast period.

Mission Critical Communication Market - By Technology:

the Mission Critical Communication Market is divided into land mobile radio and long-term evolution. The land mobile radio segment holds the major share of the market and this segment is expected to hold the dominance during the forecast period.

Mission Critical Communication Market - By End Users:

the Mission Critical Communication Market is divided into public safety and government agencies, energy and utilities, transportation, mining and other segments. The public safety and government agencies segment hold the major share of the market and is expected to hold the dominance during the forecast period.

Regional Analysis

On the basis of region, the Mission Critical Communication market is segmented into North America region, Asia Pacific region, Europe region, Latin America region and Middle East and Africa region.

North America region hold the prominent share of the market due to the factors such as increasing investments by public safety agencies in P25 two way radio technology an also the shift in customer preference to LTE technology from the existing ones. The North America region is expected to hold the dominance during the forecast period.

Europe region is also expected to increase the market growth due to the high adoption of critical communication systems and also the continual developments by various notable players in the region promotes the growth. Furthermore, increasing uptake of MCX technologies in rapidly developing end user industries such as military and defence, transportation also one of the major driving factors which promotes the growth of the market during the forecast period.

Asia Pacific region is also expected to increase the market value in the upcoming years followed by North America region and Asia Pacific region.

Leading Company

Huawei Technologies company is the leading company in Mission Critical Communication market.

Key Players

Key market participants of Mission Critical Communication market are Hytera Communication Corp Ltd (China), Inmarsat PLC (UK), Mentura Group OY (Finland), Leonardo SpA (Italy), Ascom (Switzerland), AT&T Inc. (U.S), Cobham Wireless (UK), Huawei Technologies Co. Ltd (China), , Harris Corporation (U.S.), Motorola Solutions, Inc. (U.S), Nokia (Finland),  Motorola Solutions, Inc. (U.S), Nokia (Finland) , Telefonaktiebolaget LM Ericsson (Sweden),  Zenitel (Norway)  and  ZTE Corporation (China)

Impact of COVID-19 on Mission Critical Communication Market

COVID 19 pandemic has affected severely on the mission critical communications market in a significant manner and also the global economic conditions whereas the lockdowns which was imposed by the government authorities of several countries to ensure the stoppage of spread of the corona virus and social distancing which has resulted in closure of the industries across the globe for a period of time. Increase in demand for communication solutions owing to help the police personnel to maintain the law and order and also the healthcare workers for the better communication and to handle the situation more efficiently. The market is expected to increase much further in the upcoming years to come.