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Private LTE Market Size, By Component (Product [ Infrastructure {Evolved Packet Core (EPC), Backhaul, eNodeB}, Device {Smartphones, Handheld Terminals, Vehicular Routers, IoT Modules}], Service [Training & Consulting, Integration & Maintenance, Managed Service]) By Application (Public Safety, Defense, Mining, Transport, Energy, Manufacturing) COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI2757
  • Base Year: 2021
  • Report Format: PDF

Industry Trends

Private LTE Market size exceeded USD 4 billion in 2021 and is projected to expand at over 20% CAGR from 2022 to 2028. Increasing adoption of private LTE networks to efficiently manage autonomous systems remotely will positively influence the market growth.
 

Private LTE Market Overview

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Private LTE networks offer low latency to operate autonomous systems, such as drills and drones, in harsh or remote environments. The private LTE technology is witnessing widespread usage in the mining sector as it helps the industry in automating key mining functions to gain operational efficiencies. A private LTE network leverages advanced radio access technologies to maximize the coverage and capacity to reach remote systems, vehicles, and field personnel.
 

Due to the COVID-19 pandemic, there has been an increase in the acceptance of wireless communication and digital technologies across diverse industries including defense and manufacturing. The commercialization of the 5G network driven by the pandemic across various countries has positively impacted the demand for private LTE solutions.
 

Growing need to deploy dedicated networks across enterprises is fueling the market demand for EPC solutions in Canada

In Canada, EPC solution in the private LTE market held 40% of revenue share in 2021 owing to its increasing adoption by organizations to address the increasing CAPEX. EPC dominates the market as it offers a unique integrated approach for delivering voice & data services and operates as a standalone system in large network deployments. EPC consists of a Serving Gateway, a PDN Gateway, a Mobile Management Entity (MME), and Home Subscriber Server (HSS), thus providing an architecture that can handle the data traffic efficiently. As mobile networks are becoming more complex with the introduction of LTE networks and multiple radio access technologies, the demand for EPC solutions to manage the network payload will increase during the forecast period.
 

Vehicular routers segment is poised to grow exponentially in the UK region

Private LTE Market Size

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In the UK, the vehicular routers segment is predicted to observe a 20% growth rate till 2028. The adoption of vehicular routers for mission-critical applications along with the requirement for robust connectivity coverage has increased significantly in the past couple of years. The acceptance of vehicular routers assists in providing high-speed data with control, security, & improved performance required in the transportation department, utility trucks, metro buses, and schools with bus fleets.
 

Rising demand for LTE network across industrial applications to augment industry revenue of integration & maintenance services in China

In China, integration & maintenance segment accounted 45% of the private LTE market share in 2021 due to the need to integrate private LTE networks for diverse industrial applications. Enhanced requirements for the integration of private LTE networks into public safety departments will also propel the industry growth. Furthermore, government initiatives for smart cities worldwide have resulted in increased connectivity requirements, accelerating the industry expansion for integration and maintenance services.
 

Development of advanced power infrastructure is boosting the market value for private LTE solutions across the energy sector in India

In India, the energy application segment is estimated to attain a CAGR of over 35% through 2028 impelled by the various smart city development initiatives and the deployment of advanced metering infrastructures across the globe. The usage of private LTE solutions assists in connecting distributed grid assets to ensure low costs over wide areas, enhance the bandwidth & spectral efficiency, and ensure that the grid & consumer data are always secure. New consumption patterns and the evolving trend of electric vehicles also contribute to the industry demand as these systems require a robust, highly secured, & reliable communication network.
 

Increasing deployments across the defense sector are stimulating the market progression in North America region

North America Private LTE Market

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North America private LTE market is anticipated to reach USD 7 billion by 2028 on account of the growing deployments of LTE networks in the defense sector. The rising demand for smart connected systems across various industry verticals, such as manufacturing, transportation, and urban planning, is expected to surge the demand for private LTE networks in the region. The public and private investments in the rapid commercialization of 5G network services are escalating the acceptance of diverse wireless networking technologies including private LTE networks.
 

Strategic alliance among players to stay competitive in the market

Some of the key participants operating in the market are Affirmed Networks, AT&T, Inc., Boingo, Casa Systems, Inc., Cisco Systems, Inc., Druid Software, Telefonaktiebolaget LM Ericsson, Future Technologies Inc., General Dynamics Mission Systems, Huawei Technologies Co., Ltd., Mavenir Systems, Inc., Motorola Solutions, NEC Corporation, NetNumber, Inc., Nokia Corporation, PDV Wireless, Qualcomm Incorporated, Rivada Networks, Ruckus Networks, SAMSUNG ELECTRONICS CO., LTD., Sierra Wireless, SpiderCloud Wireless, Tait Communications, Verizon Enterprises and ZTE Corporation.
 

These companies are developing private LTE networks by partnering with other industry leaders in the ecosystem. These firms are deploying LTE solutions on their campuses to test the compatibility of various devices, ranging from smartphones to IoT. Such initiatives help companies to learn about the loopholes and drawbacks of the technology.
 

The private LTE market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2028 for the following segments:

Market, By Component

  • Product
    • Infrastructure
      • Evolved Packet Core (EPC)
      • Backhaul
      • eNodeB
    • Device
      • Smartphones
      • Handheld Terminals
      • Vehicular Routers
      • IoT Modules
  • Service
    • Consulting & Training
    • Integration & Maintenance
    • Managed Service

Market, By Application

  • Public safety
  • Defence
  • Mining
  • Transportation
  • Energy
  • Manufacturing
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Norway
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia & New Zealand
    • Singapore
    • Thailand
    • Taiwan
  • LAMEA
    • Brazil
    • Mexico
    • Argentina
    • UAE
    • South Africa
    • Saudi Arabia
    • Israel
    • Colombia

 

Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The market size of private LTE crossed USD 4 billion in 2021 and is poised to record a 20% CAGR between 2022 and 2028 due to the rising adoption of these networks to efficiently manage autonomous systems remotely.

Private LTE networks provide low latency for operating autonomous systems, such as drills and drones, in harsh or remote environments.

The energy applications in India is pegged to observe a CAGR of more than 35% through 2028 led by the higher deployment of advanced metering infrastructures and the influx of various smart city development initiatives.

The North America market is likely to generate USD 7 billion by 2028 owing to the rising deployment of these networks in the defense sector.

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Premium Report Details

  • Published Date: Apr 2022
  • Companies covered: 25
  • Tables & Figures: 618
  • Countries covered: 25
  • Pages: 330

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