Critical communications for transport will be $3 billion market by 2020, says IHS Markit
Business-critical sectors will continue to gain prevalence in the global ecosystem
Wednesday 04 April 2018: 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 organisations represent the largest adopters of critical communications, accounting for approximately 38% of PMR deployments in 2017. However, in aggregated terms, business critical sectors – the ‘non public safety sectors’, including 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 highlights geographical hotspots as the critical communications market continues to grow globally. 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.”
Transportation will be a key focus in the full day Masterclass entitled ‘Pushing the boundaries of innovation across transport, utilities and industry’ at TCCA’s Critical Communications World event in Berlin from 15-17 May.
The Masterclass leaders have supported the deployment of both PMR and leading edge LTE services across a number of business critical industries using a mix of complementary technologies and initiatives. The Masterclass will cover a range of topics including critical communications for transportation, the IoT, the Finnish Railway case for TETRA, SCADA over TETRA, utilities, maritime growth and case studies and challenges of adopting critical communications technologies in the transport domain.
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 pretty amazing solutions to support multi modal transport networks and smart cities.”
About IHS Markit
IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and expertise to forge solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth. For more information please visit https://ihsmarkit.com
TCCA is the front-line force that drives the development and promotion of open standard critical communications solutions worldwide. As stakeholders in critical communications, our members play a key role in ensuring the success of an open and competitive market, today and in the future. TCCA represents all standard mobile critical communications technologies and complementary applications. Our members are drawn from end users, operators and industry across the globe. We believe in and promote the principle of open and competitive markets worldwide through the use of open standards and harmonised spectrum. For more information, please visit https://tcca.info