Rise in adoption of connected devices & integrated sensors and growth in concern of security and public safety. In addition, advancements in communication technology and growth in demand for cost-effective and real-time information fuel the growth of the market. However, the slow development rate of telecom infrastructure in underdeveloped nations restrict the market growth. Conversely, an increase in government expenditure toward public safety applications and growth in the adoption of smart devices in telecommunication network are expected to offer lucrative growth opportunities for wireless broadband in public safety market forecast.
The wireless broadband in public safety market size was valued at $18.67 billion in 2020, and is estimated to reach $127.71 billion by 2030, growing at a CAGR of 21.7% from 2021 to 2030.
Major market players – AT&T Intellectual Property, Huawei Technologies Co., Ltd,. L3Harris Technologies, Inc., Motorola Solutions, Inc., Nokia Corporation, Sierra Wireless, Tait Communications, Telefonaktiebolaget LM Ericsson, Verizon, and ZTE Corporation.
The wireless broadband for public safety market is projected to prosper in the COVID-19 situation, owing to various government, public, and other organization adopting work from home culture for their employees. In addition, various government organizations and NGOs use wireless broadband connection for improving the loss suffered, owing to natural disasters, pandemic situation, and to improve their market share.
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Region wise, wireless broadband in public safety market was dominated by North America in 2020, and is expected to retain its position during the forecast period, owing to rapid migration from code division multiple access (CDMA) and wideband code division multiple access (WCDMA) / high speed packet access (HSPA) based networks. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to countries such as South Korea and Japan engaged in early deployment of LTE.
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As per the end user, the police department segment holds the largest wireless broadband in public safety market share of the market. Applications such as operation enhancement, real-time incident management, geographical analysis, and crowd management demand strong wireless network and high-quality encryption for the police personnel to optimize their infield response and safety service. These factors, as a result driving the growth of wireless broadband in public safety industry.
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