The global private Long-Term Evolution (LTE) market size is expected to USD 10.78 Billion at a revenue CAGR of 12.8% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for high-speed wireless network connectivity. Private LTE networks are physically detached from macro networks and are deployed for specific Internet of Things (IoT) applications. Private LTE offers improved network connectivity in critical areas, including healthcare centers, offshore oil & gas rigs, and industrial sites that require seamless and high-speed network connectivity. These networks can be operated by either a private firm or mobile network/telecom operator and provide much higher bandwidth (data transfer rate), better spectrum efficiency, and lower latency.
Surging demand for more enhanced outdoor network coverage over a wide range by various industry verticals is fueling demand for private LTE. These networks are primarily Wireless Wide-Area Networking (WWAN) technology that can offer improved coverage over greater distances with respect to base stations as compared to a Wi-Fi. Enterprises and industries with outdoor sites, including mines, shipyards, stadiums, oil rigs, and RV (Recreational Vehicle) parks, among others, are required to install small cells in few numbers to provide network coverage to a wider area.
It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Private Long Term Evolution through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.
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The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.
Key Highlights From the Report
- In May 2021, Anterix made an announcement about signing a partnership agreement with Motorola Solutions to facilitate private LTE network deployment by utility companies for electric grid modernization.
- Among the technology segments, Frequency Division Duplex (FDD) segment accounted for larger revenue share in 2002. FDD technology is considered very efficient for voice traffic and is meant for symmetric traffic without needing guard time similar to Time Division Duplex (TDD). FDD deploys paired spectrum continuously and thus allows realization of higher data rates. Also, this technology needs fewer base stations than TDD and hence leads to reduced costs associated with total installation, operation, and maintenance.
- Among the application segments, utilities segment contributed a significantly larger revenue share to the global market in 2020. Utility firms require secure, reliable, and flexible wireless network connectivity to achieve grid modernization potential and digitalization initiatives. Several such digital initiatives require use of new applications allowing utility firms to gather and use data from various grid assets, such as gas sensors, Distributed Energy Resources (DERs), smart meters, voltage regulators, and drones. Automation of grids leads to increase in cyber-attacks and data breaches from devices and applications, resulting in urgent need for private LTE networks
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Leading Players Profiled in the Report:
Huawei Technologies Co. Ltd., Athonet SRL, Airspan Networks, Nokia Corporation, NEC Corporation, Ericsson, Samsung, Fujitsu Ltd., ZTE Corporation, and Affirmed Networks.
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The report analyzes the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.
Emergen Research has segmented the global private LTE market on the basis of offering, technology, mode of deployment, spectrum, application, and region:
- Offering Outlook (Revenue, USD Billion; 2018–2028)
- Infrastructure
- Mobile Core Network
- Radio Access Network (RAN)
- Backhaul
- Services
- Consulting
- Support & Maintenance
- Integration & Deployment
- Managed Services
- Technology Outlook (Revenue, USD Billion; 2018–2028)
- Frequency Division Duplex (FDD)
- Time Division Duplex (TDD)
- Mode of Deployment Outlook (Revenue, USD Billion; 2018–2028)
- Spectrum Outlook (Revenue, USD Billion; 2018–2028)
- Unlicensed
- Licensed
- Shared
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Utilities
- Manufacturing
- Mining
- Government
- Public Safety
- Logistics & Transportation
- Healthcare
- Others
The study aims to provide a forecast of the growth of the Private Long Term Evolution market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis. The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
Detailed Regional Analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Objectives of the Report:
- Study of the global Private Long Term Evolution market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
- Industrial structure analysis of the Private Long Term Evolution market by identification of various sub-segments
- Extensive analysis of key market players along with their SWOT analysis
- Competitive landscape benchmarking
- Analysis of Private Long Term Evolution market based on growth trends, futuristic outlook, and contribution to the total growth of the market
- Analysis of drivers, constraints, opportunities, challenges, and risks in the global Private Long Term Evolution market
- Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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