Critical Communications Transport Sector to Hit $3B in Revenues by 2020
Wednesday, April 04, 2018 | Comments

New research from IHS Markit projects 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 organizations represent the largest adopters of critical communications, accounting for about 38 percent of professional mobile radio (PMR) deployments in 2017. However, in aggregated terms, business critical sectors such as buses, trams, metros, trains, ports, airports and utilities, make up the largest combined global market for critical communications.

Within that market, transportation accounts for the largest share of deployments, and IHS Markit projects that as the world economy continues to strengthen, business critical sectors will continue to gain prevalence in this global ecosystem.

IHS Markit said the Asia-Pacific region is forecast to experience the largest growth of critical communications technologies, followed by the Americas and Europe and the Middle East. The need to promote security, ensuring personal safety and creating business efficiencies are fuelling this market.

“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.”

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