Private LTE Market worth over $13bn by 2026

Private LTE Market size is set to surpass USD 13 billion by 2026, according to a new research report by Global Market Insights, Inc.
 

The private LTE market growth is driven by growing deployment of private LTE networks in public safety agencies. In today’s industrial and business-critical domains, the private LTE technology enables users to integrate several machines, people, and other devices into a wide range of applications. These systems make it possible for operators to deploy high-speed networks without being dependent on licensed mobile operators. The LTE network empowers them to run their own local networks with a dedicated equipment and setting. 

 

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The private LTE industry is facing severe challenges amid the ongoing COVID-19 outbreak due to its negative impact on consumer demand for smartphones. 5G deployment networks have witnessed a delay in most of the regions, adversely affecting the market expansion.
 

Extensive usage of LTE technology in smart city applications

With the growth of smart cities, there has been a tremendous increase in the number of connected devices and sensors that utilize communication technologies to enable interaction between the smart city objects. The smart city applications are expected to drive the demand for next-generation networks, such as LTE, LTE-A, and Bluetooth, to support the high transmission rates.
 

Browse key industry insights spread across 300 pages with 529 market data tables and 30 figures & charts from the report, “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)” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/private-lte-market
 

The rising demand of eliminating the need for a centralized radio network will augment the segment growth

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The eNodeB segment will showcase growth of around 20% till 2026. The growing deployment of Distributed Antenna Systems in shopping malls, stadiums, and outdoor arenas to support the demand for high bandwidth enables mobile operators to embrace eNodeB LTE small cell base stations. The LTE eNodeB maximizes the use of ultra-wide bandwidth of LTE networks to enable high-speed connections that provide end-users with mobile data services such as video-on-demand and high-simulation video conferencing.
 

Increased government policies for reducing pollution and carbon emissions

The energy application in the private LTE market is estimated to attain a CAGR of 25% through 2026. The growing volumes of distributed energy flow in many regions worldwide have resulted in the requirement of a dynamic infrastructure for handling unpredictable and bidirectional power flows. New consumption patterns and the evolving trend of electric vehicles also contribute to the market demand as these systems require a robust, highly secured, and reliable communication network.
 

APAC region to witness exponential growth

Asia Pacific private LTE market will account for 20% of the revenue share by 2026 owing to the growth of the IoT industry. The adoption of IoT platforms in various industry verticals, such as transportation, mining, healthcare, and manufacturing, is predicted to spur the demand for secure & private IoT networks, enabling enterprises to have a control over their networks with improved security.
 

The key players developing private LTE are focusing on organic growth strategies

Some of the key players operating in the market include AT&T, Boingo, Casa Systems, Cisco, Druid Software, Ericsson, Future Technologies, General Dynamics, Huawei, Motorola, NetNumber, Nokia, PDV Wireless, Qualcomm, Rivada Networks, Ruckus Networks, Samsung, Sierra, SpiderCloud Wireless, Tait, Verizon, and ZTE. These companies are emphasizing on strategic partnerships for improving their market position.