Monday, May 23, 2022

Private LTE Market 2025: Global Size, Key Companies, Trends, Growth and Regional Forecasts

The global Private LTE Market size is projected to grow from USD 4.0 billion in 2020 to USD 7.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period. Major factors such as the need for unique and defined network quality are expected to drive the growth of the global private LTE market. However, the fragmented spectrum may limit the market growth. On the other hand, there are significant growth opportunities for private LTE vendors. The growing demand in industrial and commercial IoT and mobile robotics and ML are expected to shape the future of the private LTE market. The high initial cost of deployment may pose a challenge to market growth. Many countries are still facing challenges while investing in the infrastructure of LTE.

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Government sector to grow at the highest CAGR during the forecast period

Private LTE networks offer a range of benefits to the government sector, including security, wider coverage, and 24*7 connectivity. It will also help first responders to ensure timely response in emergencies by delivering actionable insights. Private LTE networks enable government authorities to develop their network for public safety within the designated area. The government push towards the opening of new frequency bands in the unlicensed and shared spectrum that will boost the private LTE networks.



Driver: Availability of unlicensed spectrums such as CBRS and MulteFire bands

Enterprises can use licensed and unlicensed spectrums to deploy private LTE networks globally. Vendors have developed chipsets, infrastructure components, and Customer Premises Equipment (CPE) that enable private LTE networks to run in two unlicensed frequency bands: 5 GHz and 3.5 GHz. In the US, the 3.5 GHz is a part of the Citizens Broadband Radio Service (CBRS) band and MulteFire function in a 5 GHz band across the globe except for the US. The availability of unlicensed bands can pave the way for enterprises to deploy private LTE networks quickly without the intervention of Mobile Network Operators (MNOs), who own these license spectrum bands.

Opportunity: Emergence of industrial and commercial IoT

Organizations across various verticals are consistently trying to increase the use of IoT for automating their processes and increasing the throughput. Hence, the proliferation of IoT and associated technologies would create numerous opportunities for the private LTE market. The private LTE network allows users to integrate diverse sensors, machines, people, vehicles, and other devices across a wide range of applications and usage circumstances. Any private LTE network takes care of issues, such as reliability, service quality, security, and compliance. Companies such as Nokia, Samsung, and Cisco are some of the major players that are working toward the incorporation of private LTE networks in IoT. IIoT is another major use case in the private LTE market

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Challenge: High initial cost of deploying network infrastructure

A comprehensively tested, end-to-end private LTE system and architecture in a single enterprise at a defined location leads to high implementation cost. The technology has not yet been fully commercialized and this leads to a high initial cost of deployment. Moreover, several new industry vendors are not equipped with the expertise required for the entire private LTE network deployment.

This research study outlines the market potential, market dynamics, and major vendors operating in the private LTE market. Key and innovative vendors in the private LTE market include Nokia( Finland), Ericsson (Sweden), Huawei (China), ZTE(China), NEC(Japan), Affirmed Networks(US), Athonet,(Italy) Samsung (South Korea), Redline communications(Canada), Airspan (US), Boingo Wireless (US), ASOCS (Israel), Casa Systems (US), Cisco (US), Comba (Hong Kong), CommScope (US), Druid Software (Ireland), ExteNet Systems (US), Fujitsu (Japan), Lemko (US), Mavenir(US), Quortus (UK), Star Solutions (Canada), Tecore (US), Telrad Networks (Israel), Wireless Excellence (UK), Accelleran (Belgium), Air-Lynx (France), Altiostar (US), Amarisoft (France), Baicells Technologies (US), Celona (US), IPLOOK (Hong Kong), JMA Wireless (US), Parallel Wireless (US), Phluido (US), NetNumber (US), JI Technology(Japan), Verizon (US), Sierra Wireless (Canada), Future Technologies (US), Ambra Solutions(Canada), URSYS (Australia), Geoverse (US), and Cradlepoint (US).

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