Selbyville, Delaware , Sept. 15, 2020 (GLOBE NEWSWIRE) -- According to MarketStudyReport LLC, Worldwide private LTE market was appraised at USD 3.5 billion in 2019 and is projected to record a y-o-y growth rate of 13.6% over 2020-2027. Increasing deployment of private LTE networks by public security agencies owing to benefits such as better understanding of problems, reduced response times, and procurement of more reliable data is the primary growth driver of the industry. Further, growing penetration of industrial and commercial IoT is anticipated to accelerate business expansion over the forecast duration. On the contrary, frequency bands interference may negatively impact the market outlook, cites the study.
For the uninitiated, private LTE houses core network servers and cell sites geared towards providing an independent cellular connectivity within an organization. Private LTE is ideal for some distributed-enterprise such as airports, ports, oil/gas production sites, factories, railroads, agriculture, amusement parks, warehouses, stadiums, mines, and smart city components. It is also a viable option in extremely remote areas with poor working conditions.
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Regional analysis:
Worldwide private LTE market is partitioned into North America, Europe, Latin America, and Rest of the World. As per the report, North America currently accounts for majority market share owing to widespread LTE adoption to address the growing demand for low-latency networks in industrial IOT applications and mission-critical communications.
Meanwhile, Asia Pacific private LTE market is slated to showcase a robust growth rate during 2020-2027, attributable to thriving manufacturing industries of automobiles, IT, and electronic products especially in emerging economies such as India and China.
Competitive outlook:
Key players operating in global private LTE market are Airspan Networks, Redline Communications, Samsung, Athonet, Affirmed Networks, NEC, ZTE, Huawei, Ericsson, and Nokia. These industry behemoths are undertaking various strategies such as new product launches, partnerships, investments, and mergers & acquisitions to improve their market stake. For instance, Nokia in April 2020 partnered with Bharti Airtel for developing LTE technologies for private companies. The company also landed a contract to launch private 5G broadband network in Japan’s Toyota design center of production. Whereas, in June 2020, Ericsson launched new radio applications for standalone 5G with edge cloud networking services.
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Global Private LTE Market Component Sub-Segments (Revenue, USD Billion, 2017-2027)
- Infrastructure
- Services
Global Private LTE Market Technology Sub-Segments (Revenue, USD Billion, 2017-2027)
- FDD (Frequency Division Duplex)
- TDD (Time Division Duplex)
Global Private LTE Market Deployment Model Sub-Segments (Revenue, USD Billion, 2017-2027)
- Centralized
- Distributed
Global Private LTE Market Frequency Band Sub-Segments (Revenue, USD Billion, 2017-2027)
- Licensed
- Unlicensed
- Shared Spectrum
Global Private LTE Market End-User Sub-Segments (Revenue, USD Billion, 2017-2027)
- Utilities
- Oil & gas
- Mining
- Manufacturing
- Government & Public Safety
- Transportation & Logistics
- Healthcare
- Others
Global Private LTE Market Regional Segmentation (Revenue, USD Billion, 2017-2027)
North America
- United States
- Canada
Latin America
- Mexico
- Brazil
Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Rest of Europe
Asia Pacific
- India
- Japan
- China
- South Korea
- Australia
- Rest of APAC
Rest of the World
Global Private LTE Market Competitive Backdrop (Revenue, USD Billion, 2017-2027)
- Airspan Networks
- Redline Communications
- Samsung
- Athonet
- Affirmed Networks
- NEC
- ZTE
- Huawei
- Ericsson
- Nokia
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Private LTE Market, by Region, 2018-2027 (USD Billion)
1.2.2. Private LTE Market, by Component, 2018-2027 (USD Billion)
1.2.3. Private LTE Market, by Technology, 2018-2027 (USD Billion)
1.2.4. Private LTE Market, by Deployment Model, 2018-2027 (USD Billion)
1.2.5. Private LTE Market, by Frequency Band, 2018-2027 (USD Billion)
1.2.6. Private LTE Market, by End user, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Private LTE Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Frequency Band: Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Private LTE Market Dynamics
3.1. Private LTE Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Private LTE Market: Frequency Band: Analysis
4.1. Porter’s 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Private LTE Market, by Component
5.1. Market Snapshot
5.2. Global Private LTE Market by Component, Performance - Potential Analysis
5.3. Global Private LTE Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Private LTE Market, Sub Segment Analysis
5.4.1. Infrastructure
5.4.2. Services
Chapter 6. Global Private LTE Market, by Technology
6.1. Market Snapshot
6.2. Global Private LTE Market by Technology, Performance - Potential Analysis
6.3. Global Private LTE Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)
6.4. Private LTE Market, Sub Segment Analysis
6.4.1. Frequency Division Duplex (FDD)
6.4.2. Time division duplex (TDD)
Chapter 7. Global Private LTE Market, by Deployment Model
7.1. Market Snapshot
7.2. Global Private LTE Market by Deployment Model, Performance - Potential Analysis
7.3. Global Private LTE Market Estimates & Forecasts by Deployment Model2017-2027 (USD Billion)
7.4. Private LTE Market, Sub Segment Analysis
7.4.1. Centralized
7.4.2. Distributed
Chapter 8. Global Private LTE Market, by Frequency Band
8.1. Market Snapshot
8.2. Global Private LTE Market by Frequency Band: Performance - Potential Analysis
8.3. Global Private LTE Market Estimates & Forecasts by Frequency Band: 2017-2027 (USD Billion)
8.4. Private LTE Market, Sub Segment Analysis
8.4.1. Licensed
8.4.2. Unlicensed
8.4.3. Shared spectrum
Chapter 9. Global Private LTE Market, by End user
9.1. Market Snapshot
9.2. Global Private LTE Market by End user, Performance - Potential Analysis
9.3. Global Private LTE Market Estimates & Forecasts by End user 2017-2027 (USD Billion)
9.4. Private LTE Market, Sub Segment Analysis
9.4.1. Utilities
9.4.2. Mining
9.4.3. Oil and Gas
9.4.4. Manufacturing
9.4.5. Transportation and Logistics
9.4.6. Government and Public Safety
9.4.7. Healthcare
Chapter 10. Global Private LTE Market, Regional Analysis
Related Report:
Private LTE Market Size, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026
Worldwide Private LTE market is expected to exceed USD 19 billion by 2026, as per new research report. The need for secure & reliable communication between the rising number of connected devices is supporting market growth. The rising need for reliable & secure communication in businesses to efficiently perform their operations is increasing the demand for private LTE solutions. Private LTE networks enable organizations to securely extend their networks to their employees’ mobile devices and the cloud without compromising with the network security.
The growing adoption of the IoT platform across various verticals including transportation, retail, and manufacturing is supporting market growth in APAC. The profound growth of the IoT has increased the need for private IoT networks, enabling enterprises to improve their network security and resiliency. Various spectrum and regulatory policies introduced by governments are also driving the adoption of next-generation mobile networks. The region is observing an accelerating technology migration to 4G advanced with an increase in 4G connections.
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