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MulteFire Market Trends

  • Report ID: GMI9058
  • Published Date: Apr 2024
  • Report Format: PDF

MulteFire Market Trends

Industry 4.0 adoption is driving the deployment of private LTE and 5G networks based on MulteFire technology, enabling organizations to build high-performance wireless communication infrastructures tailored to the needs of industrial automation, predictive maintenance, asset tracking, and real-time monitoring applications. For instance, in November 2020, the MulteFire Alliance (MFA) announced the launch of its MulteFire 1.0 Certification Program. This milestone signified a significant step forward for organizations looking to leverage MulteFire technology, enabling them to deploy cost-effective private LTE networks. Such networks offer improved capacity, coverage, mobility, and inherent security, essential for meeting the demands of Industry 4.0 use cases.
 

The availability of unlicensed spectrum stands as a significant growth driver in the market, offering opportunities for enhanced connectivity and innovation. The availability of unlicensed spectrum enables organizations to deploy private LTE and 5G networks without the need for traditional licensed spectrum, thus reducing deployment costs and regulatory barriers. The introduction of shared spectrum frameworks, such as the Citizens Broadband Radio Service (CBRS) in the United States, further expands the opportunities for MulteFire deployment. CBRS allows for the dynamic sharing of spectrum between incumbent users and new entrants, enabling organizations to access additional spectrum resources for their MulteFire networks while ensuring efficient spectrum utilization and interference mitigation.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Multefire market size crossed USD 1.5 billion in 2023 and is expected to register over 30.5% CAGR from 2024-2032 owing to rising demand for private wireless networks reflecting the growing value in enabling secure, reliable, and high-performance connectivity worldwide.

The small cells segment recorded over 35% share in 2023 due to increasing demand for high-bandwidth and low-latency connectivity in urban areas, dense urban environments, and indoor venues.

North America multefire industry recorded over 33% CAGR from 2024-2032 due to technological advancements, digital innovation, and increasing demand for high-speed and reliable wireless connectivity solutions in the region.

Nokia Corporation, Qualcomm Technologies, Inc., Ericsson AB, Athonet S.r.l., Redline Communications Group, and Casa Systems, Inc., are some of the major multefire companies worldwide.

MulteFire Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 6
  • Tables & Figures: 186
  • Countries covered: 21
  • Pages: 220
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