The 'Asia Pacific Mission Critical Communication Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, Technology and Vertical' report has been added to ResearchAndMarkets.com's offering.
The report reveals the latest insights and findings about this specific market, including outcomes for 2022 and expected changes or evolution up to 2028.
According to the report, the mission critical communication market in Asia Pacific is expected to grow from US$3,894.55 million in 2022 to US$ 6,951.60 million by 2028; it is estimated to grow at a CAGR of 10.1% from 2022 to 2028.
Companies operating in the mission critical communication market in APAC have increased their investments in the development of new and advanced systems and solutions, in response to the growing demands across end-use industries such as public safety and government, transportation, energy and utilities, mining and defence.
These devices provide great sound and functionality for a wide range of professional needs in industries such as hospitality, manufacturing, construction, logistics and security.
The MiT5000 has high-quality, easy-to-hear audio and a volume slider that filters out background noise automatically, the researchers state.
In August 2020, Hytera Communication Corp Ltd launched a carrier-integrated mission critical version of its Push-to-Talk over Cellular (PoC) broadband solution.
Hytera HyTalk MC, which is an end-to-end solution for mission- and business-critical communications, supports 3GPP Mission Critical Push-to-Talk (MCPTT), Mission Critical Data (MCData), and Mission Critical Video (MCVideo) services.
Thus, a rise in investments by manufacturers in new product developments is propelling the growth of the mission critical communication market in APAC.
In ResearchAndMarkets latest report, the Asia Pacific mission critical communication market is segmented on the basis of component, technology, vertical, and country.
Based on component, the market is segmented into hardware, software, and services. In 2022, the hardware segment is estimated to dominate the market.
The market for mission critical communication hardware is further segmented into command and control centres, routers and gateways, and distribution management systems. In 2022, the distribution management system segment is expected to dominate the market for hardware.
Based on technology, this market is categorised into land mobile radio (LMR) and long-term evolution. In 2022, the long-term evolution segment is likely to lead the market.
Based on vertical, the Asia Pacific mission critical communication market is segmented into public safety and government agencies, transportation, energy and utilities, mining, and others. In 2022, the public safety and government agencies segment is expected to dominate the market.