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), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 - 2024

Published Date: Nov 2018  |  Report ID: GMI2757  |  Authors: Ankita Bhutani, Preeti Wadhwani

Report Format: PDF   |   Pages: 340   |   Base Year: 2017

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Private LTE Market size crossed USD 1.8 billion in 2017 and is growing at a CAGR of over 28% from 2018 to 2024.

Europe Private LTE Market Revenue, By Infrastructure, 2017 & 2024 (USD Million)

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The Private LTE market is projected to exhibit an accelerated growth between 2018 and 2024 as these networks offer the best alternative to public networks in terms of improved security for business applications, high operational efficiency, and low deployment costs. High-speed private networks enable the users in industrial and business critical domains to integrate machines, people and other devices across a wide range of applications and empower them to run their own network with dedicated equipment and settings. These networks often associated with defense and public safety replace Land Mobile Radio (LMR) network, enabling highly secured communication. These networks are increasingly being deployed for other use cases such as transportation, mining, and enterprise IIoT applications. In addition to providing much-needed low latency and high throughput, private LTE networks also offer more coverage and capacity with the ability to customize performance according to enterprise needs.

Private LTE Market Report Coverage
Report Coverage Details
Base Year: 2017
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2024
Pages: 340 Tables, Charts & Figures: 607
Geographies covered (24): U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Norway, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Singapore, Taiwan, Thailand, Brazil, Mexico, Argentina, UAE, South Africa, Saudi Arabia, Israel, Colombia)
Segments covered: Component, Application and Region
Companies covered (20): AT&T, Inc., Boingo Wireless, Casa Systems, Inc., Cisco Systems, Inc., Druid Software, Telefonaktiebolaget LM Ericsson, Future Technologies Inc., General Dynamics Mission Systems, Huawei Technologies Co. Ltd., Motorola Solutions, NetNumber, Inc., Nokia Corporation, PDV Wireless, Qualcomm Incorporated, Rivada Networks, Ruckus Networks, SAMSUNG ELECTRONICS Co. Ltd., Sierra Wireless, SpiderCloud Wireless, Tait Communications

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Private LTE Market, By Component

eNodeB as a base station plays a critical role in the next-generation wireless networks as it helps in determining the technical performance of these networks. Due to their ability to manage all radio resources and optimize all the user equipment communications in radio network architecture, the demand for eNodeB as an infrastructure will increase over the forecast period.

U.S. Private LTE Market Revenue, By Device, 2017 & 2024 (USD Million)
U.S. Private LTE Market Revenue, By Device, 2017 & 2024 (USD Million)

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LTE-enabled smartphones segment in the private LTE market is projected to grow at a CAGR of around 30% between 2018 to 2024. The increased usage of smartphones has been facilitated through the introduction of new mobile network technologies such as 4G and Wi-Fi hotspots. As these devices support 4G connectivity and provide greater data processing speed for bandwidth-intensive applications, the demand is expected to increase at a sharp rate over the forecast period. Other factors accelerating the LTE smartphone penetration are driving the demand in developing countries and increasing competition among the device manufacturers who are offering bundled solutions of devices & network services to attract more consumers. The private LTE device shipments were estimated to be over 376,103 units in 2017. With rising demand for private LTE networks from enterprise customers, the install base is expected to increase with a CAGR of over 50% between 2018 and 2024.


Managed service segment in the private LTE market is projected to hold the largest market share of over 32% by 2024. As the network infrastructure is becoming more complex, the companies need to seek external expertise to design and maintain the network once it is deployed. The managed services enhance the operators’ ability to meet consumer expectations by increasing network coverage and assuring high-performance. Small & large enterprises and government agencies often depend upon the managed service providers, who help them to manage their multi-site networks and improve their network performance.

China Private LTE Market Revenue, By Service, 2017 & 2024 (USD Million)
China Private LTE Market Revenue, By Service, 2017 & 2024 (USD Million)

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Private LTE Market, By Application

The energy sector is projected to grow with an impressive CAGR of over 35% in the private LTE market between 2018 and 2024. As the remote and rugged industrial environments demand robust Machine-to-Machine (M2M) and IoT communications, the dedicated private LTE network provides the required reliability, capacity, and real-time performance to connect critical M2M and IoT applications. These networks are gaining popularity in the electrical utilities sector, enabling operators to have a direct control of networks for a smart distribution grid. The dedicated networks help to connect grid assets located beyond the coverage of mobile operator’s networks and provide an extensive coverage needed to extend the reach of the network into the distribution grid.

Japan Private LTE Industry Revenue, By Application, 2017 & 2024 (USD Million)
Japan Private LTE Industry Revenue, By Application, 2017 & 2024 (USD Million)

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Private LTE Market, By Region

The Asia Pacific private LTE market is projected to witness the highest growth rate of over 60% from 2018 to 2024. The market growth is attributed to the factors, such as increased smartphone penetration and the rise in M2M communications, supported by the penetration of IoT platforms across various industry verticals such as transportation, healthcare, and manufacturing. This increases the demand for private IoT networks enabling enterprises to incorporate diverse devices for increased reliability and security. The market growth is also driven by several efforts taken by the government authorities and telecom companies for the deployment of LTE technology in mission-critical applications. For instance, in June 2018, the South Korean government committed an investment of USD 1.6 billion to set up a nationwide public safety network based on LTE technology by 2020.

Competitive Market Share

The competition in the private LTE market is characterized by large-scale investments in 4G to meet the demands of the critical communications network. For instance, in December 2015, the UK government selected EE, a digital communications company in Britain, to provide 300,000 critical emergency end users including police, fire, and rescue an access to 4G voice and data services. The company invested in more than 500 new 4G sites and deployed a highly resilient new core system to deliver a robust critical communications network. The utility companies with the help of telecom operators are establishing their private networks for IIoT application use cases. For instance, in June 2017, Bell, a Canadian communications company, launched LTE-M technology to offer a rapidly increasing use of IoT devices on wide area networks in Canada. The LTE-M technology improves the efficiency of IoT devices and provides better coverage in underground and hard to reach locations.

Some of the key players operating in the market are AT&T, Nokia, Qualcomm, Huawei, Motorola, Ericsson, ZTE, Future Technologies, Samsung, Verizon, Cisco, Casa Systems, NetNumber, Druid Software, Rivada Networks, Ruckus Networks, PDV Wireless, SpiderCloud Wireless, Sierra, Tait, General Dynamics, and Boingo.

Industry Background

The growing demand for connected systems across various industry verticals has increased the need for private LTE networks. The use of LTE technology by the government and private sector users and huge investments to test the 5G-ready networks will fuel the demand for the dedicated networks over the forecast timeline. These networks can easily accommodate several wireless devices & high data rate applications and ensure seamless mobility in highly mobile environments such as public safety and defense. Several benefits associated with the deployment of these networks make them the most preferable among users.




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