Private LTE Global Market Report 2024

Description

“Private LTE Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on private LTE market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for private lte? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The private lte market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Component: Infrastructure; Services
2) By Technology: Frequency-Division Duplexing; Time Division Duplexing
3) By Deployment Model: Centralized; Distributed
4) By Applications: Public Safety; logistics And Supply Chain; Asset Management
5) By End User: Utilities; Mining; Oil And Gas; Manufacturing; Transportation And Logistics; Government And Public Safety; Healthcare; Other End Users
Companies Mentioned: Nokia Corporation; Telefonaktiebolaget LM Ericsson; Huawei Technologies Co. Ltd.; ZTE Corporation; Cisco Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Private LTE is a privately owned cellular network comprising various components, including radio equipment (both indoor and outdoor), mobile core software, SIM cards, and network orchestration software, tailored to meet the specific needs of an organization.

The main components of private LTE are infrastructure and services. Infrastructure refers to the fundamental physical facilities of a company, area, or country and often involves the creation of public goods or manufacturing processes. The technologies involved are frequency-division duplexing and time division duplexing, deployed in centralized and distributed models for applications such as public safety, logistics and supply chain, and asset management. End users of private LTE networks include sectors such as utilities, mining, oil and gas, manufacturing, transportation and logistics, government and public safety, healthcare, and others.

The private LTE market research report is one of a series of new reports from The Business Research Company that provides private LTE market statistics, including private LTE industry global market size, regional shares, competitors with private LTE market share, detailed private LTE market segments, market trends, and opportunities, and any further data you may need to thrive in the private LTE industry. This private LTE market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The private lte market size has grown rapidly in recent years. It will grow from $4.9 billion in 2023 to $5.52 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth observed in the historical period can be attributed to factors such as spectrum availability, industry adoption phases, government initiatives, integration with the Internet of Things (IoT), enterprise use cases, the entry of new players into the market, and ongoing innovations within the private LTE space.

The private lte market size is expected to see rapid growth in the next few years. It will grow to $8.81 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The anticipated growth in the forecast period can be attributed to the integration of 5G technology, increased demand from various industry verticals, the integration of edge computing, enhancements in cybersecurity measures, and the adoption of cloud-based deployments within private LTE networks. Major trends expected in the forecast period include the implementation of network slicing, the development of smart infrastructure, the emergence of private networks as a service (NaaS), a focus on mission-critical communication, and an increasing emphasis on interoperability within private LTE systems.

The anticipated increase in smartphone adoption is set to drive the growth of the private LTE market in the coming years. A smartphone, functioning such as a mobile phone with internet connectivity and software akin to a laptop, contributes to the rising use of private LTE. This is facilitated by a smartphone's private LTE network, providing a personalized, secure, and high-performance mobile solution. Pew Research Center data indicates a substantial surge in smartphone ownership among Americans, rising from 85% in February 2021 to 96% in February 2023. This represents a significant increase from just 35% a decade ago. Consequently, the expanding adoption of smartphones emerges as a key driver propelling the growth of the private LTE market.

The escalating rates of internet penetration are expected to fuel the expansion of the private LTE market. Internet penetration rate denotes the percentage of a given population using the internet. Private LTE plays a crucial role in enhancing internet penetration by extending coverage to areas where traditional wired or public cellular networks may not reach. It also allows precise control over network resources, enabling organizations to prioritize specific traffic types based on requirements. According to a report by the International Telecommunication Union (ITU), around 67% of the world's population, or approximately 5.4 billion people, were estimated to be using the internet in 2021. This represents a 1.88% increase from 2022, with 0.1 billion new users coming online during that period. Thus, the growing rates of internet penetration emerge as a significant factor driving the growth of the private LTE market.

Technological advancements represent a prominent trend gaining traction in the private LTE market. Major companies within this market segment are actively engaged in developing technologically advanced solutions to maintain their competitive positions. A notable example is Nippon Telegraph and Telephone Corporation (NTT), a Japan-based technology and business solutions provider. In August 2021, NTT launched the Private 5G platform (P5G), recognized as the first globally available private LTE/5G network-as-a-service platform. Featuring pre-integrated partnerships with leading network and software providers, NTT P5G allows businesses to dynamically secure, scale, and segment their networks. The platform's unique feature includes the utilization of patent-pending MicroSlicing technology, enabling mission-critical applications to leverage the benefits of private 5G.

Major companies operating in the private LTE market are directing their efforts towards developing innovative network solutions, such as the network core, to gain a competitive edge. The network core, also referred to as the backbone network, is the central component of a telecommunications network responsible for routing and switching traffic between different segments. RAKwireless, a China-based provider of advanced IoT technology and services, exemplifies this trend. In February 2023, RAKwireless launched an All-in-one 5G solution designed to provide businesses and organizations with a comprehensive and easily deployable 5G network. This solution combines edge computing, an LTE/5G core network, and a 5G & LTE radio into a compact unit, facilitating fast and effective deployment of new IoT technologies on private networks.

In January 2021, Communications Technology Services, a U.S.-based telecommunications company, acquired ClearSky Technologies, a move aimed at establishing a solid foundation for the installation of private LTE and 5G networks. ClearSky Technologies operates in the private LTE market, contributing to the synergy created by this acquisition.

Major companies operating in the private lte market report are Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., ZTE Corporation, Cisco Corporation, Verizon Communications Inc., Qualcomm Technologies Inc., Ruckus Networks Inc., Future Technologies Pvt. Ltd., Comba Telecom Systems Holdings Ltd., CommScope Inc., Samsung Group, Sierra Wireless Inc., Quortus Limited, Star Solutions Inc., Tecore Networks, Telrad Networks, Wireless Excellence, Ericsson AB, NEC Corporation, Aviat Networks Inc., Affirmed Networks Inc., Athonet SpA, Airspan Networks Inc., ASOCS Inc., Boingo Wireless Inc., Druid Software Limited, ExteNet Systems Inc., Fujitsu Limited, Lemko Corporation .

North America was the largest region in the private LTE market in 2023. The regions covered in the private lte market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the private lte market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The private LTE market consists of revenues earned by entities by providing private and customized 4G internet services. The market value includes the value of related goods sold by the service provider or included within the service offering. The private LTE market also includes sales of remote radio head (RRH) devices, eNodeB and EPC (evolved packet core) which are used in providing private LTE services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11264

1. Executive Summary

2. Private LTE Market Characteristics

3. Private LTE Market Trends And Strategies

4. Private LTE Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Private LTE Market Size and Growth

5.1. Global Private LTE Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Private LTE Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Private LTE Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Private LTE Market Segmentation

6.1. Global Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Infrastructure
Services
6.2. Global Private LTE Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Frequency-Division Duplexing
Time Division Duplexing
6.3. Global Private LTE Market, Segmentation By Deployment Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Centralized
Distributed
6.4. Global Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Public Safety
logistics And Supply Chain
Asset Management
6.5. Global Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Utilities
Mining
Oil And Gas
Manufacturing
Transportation And Logistics
Government And Public Safety
Healthcare
Other End Users

7. Private LTE Market Regional And Country Analysis

7.1. Global Private LTE Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Private LTE Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Private LTE Market

8.1. Asia-Pacific Private LTE Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Private LTE Market

9.1. China Private LTE Market Overview
9.2. China Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Private LTE Market

10.1. India Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Private LTE Market

11.1. Japan Private LTE Market Overview
11.2. Japan Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Private LTE Market

12.1. Australia Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Private LTE Market

13.1. Indonesia Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Private LTE Market

14.1. South Korea Private LTE Market Overview
14.2. South Korea Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Private LTE Market

15.1. Western Europe Private LTE Market Overview
15.2. Western Europe Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Private LTE Market

16.1. UK Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Private LTE Market

17.1. Germany Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Private LTE Market

18.1. France Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Private LTE Market

19.1. Italy Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Private LTE Market

20.1. Spain Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Private LTE Market

21.1. Eastern Europe Private LTE Market Overview
21.2. Eastern Europe Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Private LTE Market

22.1. Russia Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Private LTE Market

23.1. North America Private LTE Market Overview
23.2. North America Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Private LTE Market

24.1. USA Private LTE Market Overview
24.2. USA Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Private LTE Market

25.1. Canada Private LTE Market Overview
25.2. Canada Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Private LTE Market

26.1. South America Private LTE Market Overview
26.2. South America Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Private LTE Market

27.1. Brazil Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Private LTE Market

28.1. Middle East Private LTE Market Overview
28.2. Middle East Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Private LTE Market

29.1. Africa Private LTE Market Overview
29.2. Africa Private LTE Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Private LTE Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Private LTE Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Private LTE Market Competitive Landscape And Company Profiles

30.1. Private LTE Market Competitive Landscape
30.2. Private LTE Market Company Profiles
- 30.2.1. Nokia Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Telefonaktiebolaget LM Ericsson
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Huawei Technologies Co. Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. ZTE Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Cisco Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Private LTE Market Competitive Benchmarking

32. Global Private LTE Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Private LTE Market

34. Private LTE Market Future Outlook and Potential Analysis

34.1 Private LTE Market In 2028 - Countries Offering Most New Opportunities
34.2 Private LTE Market In 2028 - Segments Offering Most New Opportunities
34.3 Private LTE Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer