[December 30, 2020]
The Worldwide Public Safety-LTE Industry is Expected to Reach $15.4 Billion by 2025
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The public safety LTE market is expected to be valued at USD 5.9 billion in 2020 and is likely to reach USD 15.4 billion by 2025 at a CAGR of 21.1%
Adoption of LTE technology to eliminate the existing interconnectivity issues between different networks, increase in demand for unmanned vehicles globally, seamless data connectivity offered by LTE technology, and the COVID-19 pandemic is driving the need for efficient and extensive network capacity are expected to help the growth of the PS-LTE market during the forecast period.
E-UTRAN segment is estimated to hold the largest share of PS-LTE market for infrastructure during the forecast period.