Digital Mobile Radio (DMR) Market size was USD 7.42 Bn in 2023 and is expected to reach USD 11.53 Bn by 2030

(IT-NEWSWIRE.COM, July 30, 2024 ) As per Maximize Market research, the Digital Mobile Radio (DMR) Market size was USD 7.42 Bn in 2023 and is expected to reach USD 11.53 Bn by 2030, at a CAGR of 6.5 percent during forecast period.

Digital mobile radio (DMR) is and digital mobile communication standard which is developed by European Telecommunications Standards Institute (ETSI) defining digital standard of Private, Professional, or Personal mobile radio (PMR). report also helps in understanding Global Market dynamics, and structure by analyzing the market segments and projects the Global Digital Mobile Radio (DMR) Market.

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Improved professional environment and requirement of advanced communication equipment are major driving factors behind the growth of market. DMR standard provides some benefits such as better coverage, clearer and better sound quality, improved data capabilities, longer battery life, cost effectiveness, enhanced security and lightweight device which are further expected to improve the growth of market.

North America held the largest market share in 2023 and is expected maintain its dominance at CAGR of xx% during forecast period. The US and Canada are major key contributors behind the growth of market.

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Digital Mobile Radio (DMR) Market Segmentation:

by Tier

Tier 1 (Unlicensed)

Tier 2 (Conventional)

Tier 3 (Trunked)

by Industry

Commercial

Defense & Public Safety

Mining, Oil & Gas

Transportation

Others

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Digital Mobile Radio (DMR) Market Key Players:

Hytera Communications Corporation Ltd

ICOM Inc

JVCKENWOOD Corporation

L3Harris Technologies, Inc.

Leonardo SpA

Motorola Solutions, Inc

RELM Wireless Corporation

Simoco Wireless Solutions Limited

Tait Ltd.

Thales Group

Maximize Market Research is leading Electronics research firm, has also published the following reports:

RF Test Equipment Market is expected to grow at a CAGR of 5.23% during the forecast period. RF Test Equipment Market is expected to reach US$ 4.98 Bn. by 2029.

Smart Speaker Market was valued at USD 11.39 Billion in 2023, and it is expected to reach USD 34.40 Billion by 2030, exhibiting a CAGR of 17.1 % during the forecast period (2024-2030).

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Digital Mobile Radio (DMR) Market size was USD 7.42 Bn in 2023 and is expected to reach USD 11.53 Bn by 2030