Pune, India, Sept. 21, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, private LTE market size was worth USD 3121 million in 2020 and is expected to register a CAGR of 8.4% over 2021-2027, subsequently amassing USD 5489.1 million by the end of forecast period. The growth can be ascribed to surging demand for unique and defined network qualities, availability of unspecified spectrums, along with growing adoption of robotics and machine learning systems.
The document includes the key growth drivers, challenges, and lucrative prospects that will influence the industry behavior over 2021-2027. It also segments the marketplace based on type, application spectrum, region, and competitive landscape. The research literature highlights the significant factors contributing to the development of each sub-market and investigates the key investment areas for businesses.
Taking the analysis further, it elaborates on the competitive hierarchy of the vertical, providing details such as business profile, product/serving offerings of major contenders, and other developments like mergers, collaborations, and product launches.
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Moreover, emergence of commercial and industrial IoT, and increasing digital transformation initiatives are fueling the market expansion.
Notably, private LTE (long term evolution) networks connect people/things belonging to a company (often in a corporate campus), and safeguards data by avoiding passing it over a mobile operator's core network. The majority of LTE networks are public, serving the general public as well as business subscribers.
Professional organizations can improve their operational efficiency, speed up innovation, improve customer relation, and reduce their energy footprint by deploying their own superior capacity, high speed 4G mobile communications capability through such private networks.
A private LTE network frees businesses from the constraints of traditional connectivity technologies like Ethernet, which is secure and reliable, but expensive and inflexible, and Wi-Fi, which is inexpensive but less reliable. It can also support both human and machine communications on a single, dependable network, allowing for mobility without the need for bulky portable radios that ventures into the IoT (Internet of Things) world.
Considering restraints, high investment required for leasing licensed frequency bands, and hefty cost of deploying network infrastructure are hindering the industry expansion.
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Regional bifurcation summary
Middle East & Africa, Latin America, Asia Pacific, Europe, and North America are the leading contributors to worldwide private LTE industry remuneration. Of these, Asia-Pacific is anticipated to emerge as a prime revenue generator, with China and Japan at the forefront. These economies are the largest manufacturers of electronic products, IT products, and automobiles, witnessing integration of advanced technologies, hence bolstering the demand for private LTE.
Global Private LTE Market by Type (Value, USD Million, 2016-2027)
- TDD
- FDD
Global Private LTE Market by Application Spectrum (Value, USD Million, 2016-2027)
- Transportation
- Public Safety and Defense
- Utilities
- Oil & Gas
- Mining
- Others
Global Private LTE Market Regional Bifurcation (Value, USD Million, 2016-2027)
North America
·U.S.
·Canada
Europe
·Italy
·France
·Nordic
·Germany
·U.K.
·Russia
·RoE
Asia-Pacific
·India
·Australia
·South Korea
·China
·Japan
·Southeast Asia
·RoAPAC
Latin America
·Brazil
·Mexico
·RoLATAM
Middle East & Africa
·Saudi Arabia
·Turkey
·UAE
·RoMEA
Global Private LTE Market Top Players (Value, USD Million, 2016-2027)
- Lemko Corporation
- Cradlepoint Inc.
- Druid Software (Apache Druid)
- Star Solutions
- Zinwave Ltd.
- Ambra Solutions Inc.
- Quortus Ltd.
- Anterix Inc.
- Redline Communications Inc.
- Future Technologies Inc.
- Mavenir
- General Dynamics Corporation (GD)
- Netnumber Inc.
- Arris International Ltd.
- Comba Telecom Systems Holdings Ltd.
- Samsung Group
- Cisco Systems Inc.
- Verizon Communications Inc.
- NEC Corporation
- Huawei Technologies Co. Ltd.
- Telefonaktiebolaget LM Ericsson
- Nokia Corporation
Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Private LTE Market Size Growth Rate by Type: 2016 VS 2021 VS 2027
1.2.2 FDD
1.2.3 TDD
1.3 Market by Application
1.3.1 Global Private LTE Market Share by Application: 2016 VS 2021 VS 2027
1.3.2 Public Safety and Defense
1.3.3 Oil & Gas
1.3.4 Utilities
1.3.5 Mining
1.3.6 Transportation
1.3.7 Others
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Private LTE Market Perspective (2016-2027)
2.2 Private LTE Growth Trends by Regions
2.2.1 Private LTE Market Size by Regions: 2016 VS 2021 VS 2027
2.2.2 Private LTE Historic Market Share by Regions (2016-2021)
2.2.3 Private LTE Forecasted Market Size by Regions (2022-2027)
2.3 Private LTE Industry Dynamic
2.3.1 Private LTE Market Trends
2.3.2 Private LTE Market Drivers
2.3.3 Private LTE Market Challenges
2.3.4 Private LTE Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Private LTE Players by Revenue
3.1.1 Global Top Private LTE Players by Revenue (2016-2021)
3.1.2 Global Private LTE Revenue Market Share by Players (2016-2021)
3.2 Global Private LTE Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Private LTE Revenue
3.4 Global Private LTE Market Concentration Ratio
3.4.1 Global Private LTE Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Private LTE Revenue in 2020
3.5 Private LTE Key Players Head office and Area Served
4 Private LTE Breakdown Data by Type
4.1 Global Private LTE Historic Market Size by Type (2016-2021)
4.2 Global Private LTE Forecasted Market Size by Type (2022-2027)
5 Private LTE Breakdown Data by Application
5.1 Global Private LTE Historic Market Size by Application (2016-2021)
5.2 Global Private LTE Forecasted Market Size by Application (2022-2027)
6 North America
6.1 North America Private LTE Market Size (2016-2027)
6.2 North America Private LTE Market Size by Type
6.2.1 North America Private LTE Market Size by Type (2016-2021)
6.3 North America Private LTE Market Size by Application
7 Europe
7.1 Europe Private LTE Market Size (2016-2027)
7.2 Europe Private LTE Market Size by Type
7.3 Europe Private LTE Market Size by Application
8 Asia-Pacific
8.1 Asia-Pacific Private LTE Market Size (2016-2027)
8.2 Asia-Pacific Private LTE Market Size by Type
8.3 Asia-Pacific Private LTE Market Size by Application
9 Latin America
9.1 Latin America Private LTE Market Size (2016-2027)
9.2 Latin America Private LTE Market Size by Type
9.3 Latin America Private LTE Market Size by Application
10 Middle East & Africa
10.1 Middle East & Africa Private LTE Market Size (2016-2027)
10.2 Middle East & Africa Private LTE Market Size by Type
10.3 Middle East & Africa Private LTE Market Size by Application
11 Key Players Profiles
Related Report:
Private LTE Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
The global private LTE market is gaining traction and it is poised to experience a substantial growth over the next few years. The adoption of private LTE networks has increased considerably in recent years as more and more enterprises aim to efficiently manage autonomous systems remotely. Future trends in the industry will likely be driven by the widespread implementation of LTE technology in smart city applications. On the basis of components, the global private LTE industry is classified into products and services. The product segment can be further bifurcated into infrastructure and devices. The infrastructure solutions includes evolved packet core, eNodeB, and backhaul. The backhaul segment is projected to record a healthy CAGR of 15% through 2026, driven by the increasing penetration of smartphones and a strong demand for high mobile bandwidth network. The different types of LTE devices include smartphones, IoT modules, vehicular routers, and handheld terminals. Smartphones are expected to capture over 25% of the overall market share in terms of revenue by 2026. This can be attributed to the rising demand for 4G LTE.
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