Private LTE Market 2021 Report On SWOT Analysis, Size, Share, Growth Rate, Application, Types, Future Demand, Business Opportunity, Key Indicators, and Forecast 2030

In a recent published report, Kenneth Research has updated the market report for Private LTE Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Private LTE Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Market Synopsis

A private LTE network differs from conventional networks that use connectivity technologies such as Ethernet, and Wi-Fi that offer secure and reliable communications. The private LTE networks enables connectivity for human and machine communications through a single, reliable network that communicate through portable radios and provide new revenue streams for Internet of Things (IoT)-enabled devices.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Advancements in mobile communication technology through the expansion of 4G networks have significantly transformed companies, enterprises, and cities across the world. This has increased the need for dedicated high network capacity and high speed 4G mobile communications capabilities that are provided by the private Long Term Evolution (LTE) networks. These networks enable the enterprises to enhance their operational efficiency and provide innovative network solutions; this eventually increases the need for high quality of services (QoS) to the end user.

Companies such as Nokia Corporation, LM Ericsson and Qualcomm Technologies Inc. are deploying dedicated private networks for enterprises. For instance, Nokia offers MulteFire and CBRS small cells that allow enterprises to deploy their own private LTE networks. The company provides vMEC a private LTE solution to enterprises that enabled them with edge cloud low latency applications that include analytics, push-to-talk and push-to-video, IoT management, and video orchestration.

Architecture for Local Area Private LTE networks

Some of the major factors driving the growth of private LTE networks include a surge in demand for unique and defined network qualities, growing deployment of private LTE networks in public safety agencies, adoption of LTE technology in smart cities applications, and emergence of 5G in conjunction with private LTE. On the other hand, the lack of availability of spectrum is expected to hinder the growth of the private LTE market during the review period.

Deploying private LTE networks enable digital transformation across the enterprises, primarily in utilities, mining, oil & gas and increasingly pave a way for 5G mobile technologies during the forecast period.

The global private LTE market was valued at USD 2,449.4 million in 2018 and is expected to register a CAGR of 14.7% during the forecast period to reach USD 5,381.9 million by 2024.

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The global private LTE market has been segmented based on technology, services, spectrum band, application, and industry vertical.Based on the technology, the global private LTE market has been divided into time division duplex (TDD), and frequency division duplex (FDD).Depending on the spectrum band, the private LTE market has been segmented into Licensed Shared Access (LSA), Licensed-Assisted Access (LAA), MulteFire, and Citizens Broadband Radio Service (CBRS).

By services, the private LTE market has been categorized as professional services and managed services. The professional services segment has further been divided into consulting services, support and maintenance services, and integration and deployment services.

Based on application, the market has been segmented as real-time surveillance, operations visibility and optimization, authentication and access control, worker safety monitoring, remote diagnostics and predictive maintenance, logistics and supply chain management, and asset management and uptime assurance.On the basis of industry vertical, the global private LTE market has been divided into mining, oil & gas, healthcare, utilities and power, industrial manufacturing, government and defense.

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Competitive Analysis

Most of the vendors operating in the private LTE market are majorly from Europe and the US; these have formed two alliances—Citizens Broadband Radio Service (CBRS) alliance and Multefire alliance. These alliances have been significantly working on licensced and unlicensced spectrum to provide private LTE solutions. Additionally, the vendors profiled follow both organic and inorganic appraoches for offering high-end private LTE solutions for law enforcement agencies, public safety agencies, enterprises and others. For instance, Under these alliances, SAMSUNG and LG are also aiming at recieving approval from the regulatory bodies to deploy CBRS in their smartphone devices such as Samsung Galaxy S10 and LG G8 ThinQ.

Key Players

According to MRFR analysis, some of the leading players in the global private LTE market include Nokia Corporation (Finland), LM Ericsson (Sweden), Huawei Technology Co. Ltd (China), Verizon (US), Cisco Systems, Inc. (US), SAMSUNG (South Korea), Qualcomm Incorporated (US), ARRIS International Limited (US), Sierra Wireless (Canada), Future Technologies, LLC (US), Boingo Wireless, Inc (US), Casa Systems (US), General Dynamics Mission Systems, Inc (US).and NetNumber Inc. (Netherlands).

Apart from these, some other vendors that operate in private LTE market include LEMKO Corporation (US), PDVWIRELESS (US), Quortus Limited (UK), Ambra Solutions Inc. (Canada), Zinwave (US), Athonet SRL (Italy), Mavenir (US), and Star Solutions (Canada).

Regional Analysis

Geographically, the global private LTE market has been categorized as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.North America accounted for the largest market share in 2018. Europe achieved second spot in the private LTE market in terms of market share during the assessment period. However, Asia-Pacific is expected to be the fastest growing market during the forecast period.

North America dominated the global private LTE market in 2018 and expected to dominate the market during the forecast period.  The market growth is attributed to rising developments by the vendors to develop high-end LTE solutions and increasing government initatives to provide CBRS spectrum for the vendors to deploy networking solution for government, commerical and public safety agencies.

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Asia-Pacific is expected to be the fastest growing segment in the private LTE market during the assessment period. The market growth is attributed to the rising government initatives to develop smart cities and heavy investments by the vendors such as China Telecom, China Mobile, and NTT Docomo to offer a robust network services to the end users.

Intended Audience

Private LTE solutions providers

OEMs, and Systems integrators

Local/Government Agencies

MNO, MVNO operators

Telecom Service Providers

Value-added Resellers

Research Firms

Software Vendors

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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