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Global Critical Communication Market to reach USD 24.61 billion by 2027.

Global Critical Communication Market Size study, by Offering (Hardware, Services), by Technology (Land Mobile Radio, Long-Term Evolution), by End-Use Vertical (Public Safety, Transportation, Utilities, Mining) and Regional Forecasts 2021-2027

Product Code: ICTNS-21003404
Publish Date: 2-09-2021
Page: 200

Global Critical Communication Market is valued approximately at USD 14.93 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2021-2027. Critical communication is necessary to the operation of an organization. It includes systems and devices which always provide secure and reliable communication. The global Critical Communication market is being driven by growing favorable government initiatives around the world to develop communication infrastructure to support national security by securing critical information. For instance, in August 2021, Ireland joined all 27 EU Member States by signing the EuroQCI Declaration alongside the European Commission and the European Space Agency (ESA) to develop a secure quantum communication infrastructure. The other driving factor for the market growth is the continuous investments and collaborations to promote the advanced critical communication network. For instance, in August 2021, U.S. Navy contracted BAE Systems, Inc. for USD 140 million indefinite-delivery/indefinite-quantity (IDIQ) for support of communications and integration services. Furthermore, high research & development activities in the communication network, rising adoption of advanced technology and surge in the prevalence of terror attacks will provide new opportunities for the global Critical Communication industry. However, high cost in adoption of critical communication technologies and lack of skilled expertise may impede market growth over the forecast period of 2021-2027.

The regional analysis is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World for the global Critical Communication Market. North America is the leading region across the world in terms of market share and is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 owing to rising adoption of Land Mobile Radio, adoption of critical communication technology and infrastructure and increasing technological advancements .

Major market player included in this report are:
Telefonaktiebolaget LM Ericsson
Nokia
Huawei Technologies Co., Ltd.
AT&T Intellectual Property
Motorola Solutions, Inc.
L3Harris Technologies, Inc.
ZTE Corporation
Cobham Limited
Inmarsat Global Limited
Hytera Communications (UK) Co. Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:
Hardware
Services
By Technology:
Land Mobile Radio
Long-Term Evolution
By End-Use Vertical:
Public Safety
Transportation
Utilities
Mining
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Critical Communication Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Critical Communication Market, by Region, 2019-2027 (USD Billion)
1.2.2. Critical Communication Market, by Offering, 2019-2027 (USD Billion)
1.2.3. Critical Communication Market, by Technology, 2019-2027 (USD Billion)
1.2.4. Critical Communication Market, by End-Use Vertical, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Critical Communication Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Critical Communication Market Dynamics
3.1. Critical Communication Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Growing favorable government initiatives around the world to develop communication infrastructure
3.1.1.2. Continuous investments and collaborations to promote the advanced critical communication network
3.1.2. Market Restraint
3.1.2.1. High cost in adoption of critical communication technologies
3.1.2.2. Lack of skilled expertise
3.1.3. Market Opportunities
3.1.3.1. Rising adoption of advanced technology
3.1.3.2. Surge in the prevalence of terror attacks
Chapter 4. Global Critical Communication Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Critical Communication Market, by Offering
5.1. Market Snapshot
5.2. Global Critical Communication Market by Offering, Performance – Potential Analysis
5.3. Global Critical Communication Market Estimates & Forecasts by Offering 2018-2027 (USD Billion)
5.4. Critical Communication Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Services
Chapter 6. Global Critical Communication Market, by Technology
6.1. Market Snapshot
6.2. Global Critical Communication Market by Technology, Performance – Potential Analysis
6.3. Global Critical Communication Market Estimates & Forecasts by Technology 2018-2027 (USD Billion)
6.4. Critical Communication Market, Sub Segment Analysis
6.4.1. Land Mobile Radio
6.4.2. Long-Term Evolution
Chapter 7. Global Critical Communication Market, by End-Use Vertical
7.1. Market Snapshot
7.2. Global Critical Communication Market by End-Use Vertical, Performance – Potential Analysis
7.3. Global Critical Communication Market Estimates & Forecasts by End-Use Vertical 2018-2027 (USD Billion)
7.4. Critical Communication Market, Sub Segment Analysis
7.4.1. Public Safety
7.4.2. Transportation
7.4.3. Utilities
7.4.4. Mining
Chapter 8. Global Critical Communication Market, Regional Analysis
8.1. Critical Communication Market, Regional Market Snapshot
8.2. North America Critical Communication Market
8.2.1. U.S. Critical Communication Market
8.2.1.1. Offering breakdown estimates & forecasts, 2018-2027
8.2.1.2. Technology breakdown estimates & forecasts, 2018-2027
8.2.1.3. End-Use Vertical breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Critical Communication Market
8.3. Europe Critical Communication Market Snapshot
8.3.1. U.K. Critical Communication Market
8.3.2. Germany Critical Communication Market
8.3.3. France Critical Communication Market
8.3.4. Spain Critical Communication Market
8.3.5. Italy Critical Communication Market
8.3.6. Rest of Europe Critical Communication Market
8.4. Asia-Pacific Critical Communication Market Snapshot
8.4.1. China Critical Communication Market
8.4.2. India Critical Communication Market
8.4.3. Japan Critical Communication Market
8.4.4. Australia Critical Communication Market
8.4.5. South Korea Critical Communication Market
8.4.6. Rest of Asia Pacific Critical Communication Market
8.5. Latin America Critical Communication Market Snapshot
8.5.1. Brazil Critical Communication Market
8.5.2. Mexico Critical Communication Market
8.6. Rest of The World Critical Communication Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Telefonaktiebolaget LM Ericsson
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Nokia
9.2.3. Huawei Technologies Co., Ltd.
9.2.4. AT&T Intellectual Property
9.2.5. Motorola Solutions, Inc.
9.2.6. L3Harris Technologies, Inc.
9.2.7. ZTE Corporation
9.2.8. Cobham Limited
9.2.9. Inmarsat Global Limited
9.2.10. Hytera Communications (UK) Co. Ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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