Transport critical communications estimated to surpass $3 billion by 2020
Recent research from IHS Markit shows that the need to promote security, ensure personal safety and create business efficiencies is fuelling the market…
New research from IHS Markit suggests that total critical communications revenues associated with transport will be worth more than $3 billion by the end of 2020.
Globally, public safety and security organisations represent the largest adopters of critical communications, accounting for approximately 38 per cent of PMR deployments in 2017. However, the ‘non-public safety sectors’, which include buses, trams, metros and trains, make up the largest combined global market for critical communications.
Within that market, transportation accounts for the largest share of deployments.
“The market for critical communications technologies in the transportation sector will continue to increase, with rising demand for technological enhancements in airports, railways and shipping ports,” said Ryan Darrand, IHS Markit Senior Analyst II in the Critical Communications team. “With higher company capital expenditure arising from an improved business environment in this sector, we predict that transportation will continue to be the largest business critical adopter of critical communications to 2020 and beyond.”
IHS Markit highlights that the Asia Pacific region will experience the largest growth of critical communications technologies, followed by America and Europe and the Middle East.
Robin Davis, Chair of TCCA’s Transport Group, commented: “We have seen continued growth in the adoption of TETRA technologies in the transport market over a number of years as users transition from analogue radio systems to secure digital ones. Live information and data enables better operational decisions to be made, whether that is on vehicles or on platforms. Suppliers supporting the adoption of the transport user base are innovating with the latest technologies to provide some solutions to support multi modal transport networks and smart cities.”