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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