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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Market Dynamics
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.
Restraints: Frequency bands interference
The commercial spectrum
allocation for the implementation of private LTE occurs through a unique
three-tier sharing system. The bid-winning user would gain top-level service
through the tier 2 Priority Access License (PAL). This license would be issued
on a geographic basis. Satellite operations and the US navy radar would use the
first tier of the network with adjustable geographic limitations based on
azimuth and beam. Other enterprises would deploy the third tier, open access,
and non-prioritized band of the network. The lowest-tier Unlicensed General
Authorized Access (GAA) users are permitted to use any portion of the 3.5 GHz
band, which is not assigned to higher tier users.
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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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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