MCX Market Highlights

The Global Mission-Critical Communication (MCX) Market is spanned across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The research report covers MCX industry trends, focusing on market use cases and top market size by region, market trends, and global market size.

North America led the MCX market in 2018, generating the highest market value of USD 4.58 billion; it is expected to grow at a CAGR of 10.3%. Among countries, the US accounted for the largest market share in the region due to the presence of various local and key vendors in the country. Launch of LTE services by major service providers such as AT&T and deployment of FirstNet, a national security broadband network in 2012 using LTE 700 MHz spectrum results in the growth of the mission-critical communication market in the US. Whereas Canada is projected to witness the fastest growth rate owing to factors such as well-developed infrastructure for facilitating the adoption of advanced technologies. Canadian Advanced Technology Alliance (CATA) has coined a new term “Global Broadband” to achieve necessary broadband targets across the country. Sectors including mining and oil & gas will continue to adopt private LTE networks to make their operations more efficient which is expected to drive the growth of the market.

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Europe has been the second highest, the revenue-generating market for MCX in 2018 and is expected to grow with the fastest growing 11.8% CAGR. The high adoption of MCX by the military and defence sector is one of the major factors driving the growth of this market. In Europe, the UK is leading the MCX market. Airwave is the largest and fully operational mobile communication network for public safety professionals. However, the country is planning to replace the voice services provided by Airwave with its own national voice and broadband mobile communication service known as an emergency service network. The increasing demand to standardize commercial mobile communication on LTE or 4G technology is also expected to drive the growth of the mission-critical communication market in the UK.

Asia-Pacific is expected to be the second-fastest-growing region for the MCX market growing at a CAGR of 11.0% during the forecast period of 2019–2025; this is due to increasing investments and rapid developments in infrastructure and transportation facilities in the region. China accounts for the largest market share in the region due to the presence of various local and key vendors in the country. The region is prone to natural disasters such as hailstorms, floods, earthquakes, and others which affect the traditional communication networks; therefore, various end-users are adopting the MCX systems and networks.

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MCX Market Prominent Players

Some of the Prominent Players in the Global Mission-Critical Communication Market are

Motorola Solutions Inc. (US)
Nokia (Finland)
ZTE Corporation (China)
Telefonaktiebolaget LM Ericsson (Sweden)
Huawei Technologies Co. Ltd (China)
AT&T Inc. (US)
Harris Corporation (US)
Hytera Communication Corp Ltd (China)
Cobham Wireless (UK)
Ascom (Switzerland)
Mentura Group Oy (Finland)
Leonardo SpA (Italy)
Inmarsat PLC (UK)
Zenitel (Norway)
Telstra (Australia)
Global mission-critical communication Market Segmentation

The market is segmented on the basis of components, technologies, verticals, and regions. The global mission-critical communication market is expected to witness decent growth during the forecast period.

By Application:
Based on the application, the market is segmented into consultation, integration, and support.

By End-users:
Based on the propulsion types, the market is segmented into community security & government agencies, transportation, energy & utilities, mining, and others.

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Reasons for Buying This Report:

It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.
It Provides Five-Year Forecast Assessed based on How the Market Is Predicted to Grow.
It Helps in Understanding the Key Product Segments and Their Future.
It Provides Pinpoint Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.
It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments.
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