According to a research report "Private LTE Market by Component (Infrastructure and Services), Technology (FDD and TDD), Deployment Model (Centralized and Distributed), Frequency Band (Licensed, Unlicensed, and Shared Spectrum), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets, 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.
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TDD segment to grow at a higher CAGR during
the forecast period
TDD is used with data
transmissions (data or digitized voice). The LTE-TDD mode is complementary and
the perfect choice for providing high-speed mobile broadband access in an
unpaired spectrum. Several operators have deployed both FDD and TDD modes in
their networks. LTE-TDD also provides a path for Time Division Synchronous Code
Division Multiple Access (TD-SCDMA).
Unlicensed frequency band segment to grow at
the highest CAGR during the forecast period
Enterprises can design, develop, and
operate private LTE networks in unlicensed bands. For instance, MulteFire, with
its unlicensed band, provides optimum network coverage, improves network
capacity, offers seamless mobility, and increases QoS. Apart from enterprises,
telecom operators can also use unlicensed bands with carrier aggregation
technology to extend their network coverage. Unlicensed bands have opened up
several opportunities for enterprises, ISPs, CSPs, MSPs, MNOs, and cable
operators by acting as a neutral host to support multiple business use cases.
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Asia Pacific (APAC) region to record the highest market share in the Private LTE market in 2020
APAC is an emerging region in the private LTE market.
China, Japan, and Australia are the major countries contributing to the growth
in APAC. APAC also constitutes major economies, such as Singapore, South Korea,
and India. Japan, China, and Australia as essential for the growth of the
private LTE market in this region. Japan and China are the largest
manufacturing economies that produce automobiles, IT products, and electronic
products. Manufacturing paradigm has changed considerably with industry seeking
advanced technologies such as robotics and big data analytics becoming popular
among them.
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). These vendors have adopted
many organic as well as inorganic growth strategies, such as new product
launches, and partnerships and collaborations, to expand their offerings and
market shares in the private LTE market.
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