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", 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. 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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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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