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Global Private LTE Market: By Component: Infrastructure, Services; By Technology: FDD, TDD; By Deployment Model: Centralised, Distributed; By Frequency Band: Licensed, Others; By Industry Vertical; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Private LTE Market Outlook
The global private LTE market reached a value of more than USD 4.22 billion in 2021. The industry is further expected to grow at a CAGR of 14.2% in the forecast period of 2023-2028 to reach a value of over USD 9.22 billion by 2027.
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Infrastructure Components Possess a Substantial Market Share in the Private LTE Industry
Based on components, the infrastructure segment is leading the market for private LTE. The increasing establishment of industrial facilities and other institutions is leading to a rise in demand for network and connectivity, which, in turn, is leading to the expansion of private LTE network infrastructure. This is boosting the market growth for private LTE. The governments across the globe have taken several initiatives to facilitate infrastructure growth that includes liberalisation of policies around the same, and the setting up of mobile towers, among others. For instance, the Ministry of Communications of India, as per its 2020-21 estimates, specifies that the country’s telecom service providers (TSPs) have set up nearly 15.97 lakh additional base transceiver stations (BTSs) for 2G, 3G, 4G-LTE from March 2014 to November 2020 period. These developments are playing a vital role in invigorating the private LTE industry.
North America and the Asia Pacific to Significantly Contribute to the Private LTE Industry Growth
There is a growing demand for private LTE in North America primarily due to the digitalisation of modern business and government jobs, thus augmenting the market. In addition, the emergence of Citizens Broadband Radio Service, a private LTE by Federal Communication Commission is further augmenting the market. The technological advancements made in artificial intelligence and 5G will aid the growth of this industry in the forecast period.
The Asia Pacific region also accounts for a considerable share in the private LTE industry owing to the modernisation of the telecommunication infrastructure in the region. The investments made by the key players in the development of 5G network or low band spectrum are also providing a thrust to the industry growth. The growing development activities and digitalisation of the economy in the emerging countries of the region, especially after the pandemic outbreak, are expected to propel the market for private LTE in the forecast period.
Private LTE: Market Segmentation
The private long-term (LTE) evolution is a 4th generation air interface technology that offers flexible individual coverage in local areas such as manufacturing centres, educational institutions, and healthcare centres, among others. It is run specifically for the benefit of an organisation and can be accessed only by authorised users of that organisation. Its components include sim cards, radio hardware, mobile core software, and network orchestration software. In contrast to a public LTE network, which is run for the benefit of anyone willing to pay the monthly fee, private LTE can transform the communications and help connect teams within an organisation more effectively.
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The private LTE industry, by component, can be segmented into:
- Infrastructure
- Services
Based on technology, the market is divided into:
- FDD
- TDD
On the basis of deployment model, the market is categorised into:
- Centralised
- Distributed
Based on frequency band, the market is divided into:
- Licensed
- Unlicensed
- Shared Spectrum
On the basis of industry vertical, the market is classified into:
- Healthcare
- Manufacturing
- Government and Defence
- Energy and Utilities
- Oil and Gas
- Education
- Others
The regional markets for private LTE can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Exceptional Benefits, and Technological Advancements Propelling the Market Growth of Private LTE
The rapid digitalisation of economies, especially after the COVID-19 pandemic, is a defining factor in the market growth of private LTE. The growing penetration of the work-from-home model and online businesses is leading to a rise in demand for high-speed internet services with low cost. The benefits of private LTE, as it provides increased data speeds, prevents traffic from outside users, keeps high-risk information secure, reduces installation costs, and enables flexibility, are also invigorating the industry. The 24*7 connectivity of private LTE is leading to its heightened use in the government sector as its deployment can help authorities respond to the public concerns instantly. Furthermore, the rapid technological advancements such as artificial intelligence, cloud technology, and the internet of things (IoT), among others are expected to bolster the industry growth in the coming years. In addition, the increasing investments by the key industry players are also expected to impel the market for private LTE in the forecast period.
Key Industry Players in the Global Private LTE Market
The report gives a detailed analysis of the following key players in the global private LTE market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- AT&T Inc.
- Verizon Communications Inc.
- Deutsche Telekom AG
- Vodafone Group Plc
- Nokia Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Technology, Deployment Model, Frequency Band, Industry Vertical, Region |
| Breakup by Component | Infrastructure, Services |
| Breakup by Technology | FDD, TDD |
| Breakup by Deployment Model | Centralised, Distributed |
| Breakup by Frequency Band | Licensed, Unlicensed, Shared Spectrum |
| Breakup by Industry Vertical | Healthcare, Manufacturing, Government and Defence, Energy and Utilities, Oil and Gas, Education, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | AT&T Inc., Verizon Communications Inc., Deutsche Telekom AG, Vodafone Group Plc, Nokia Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Private LTE Market Analysis
8.1 Key Industry Highlights
8.2 Global Private LTE Historical Market (2018-2022)
8.3 Global Private LTE Market Forecast (2023-2028)
8.4 Global Private LTE Market by Component
8.4.1 Infrastructure
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Private LTE Market by Technology
8.5.1 FDD
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 TDD
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Private LTE Market by Deployment Model
8.6.1 Centralised
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Distributed
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Private LTE Market by Frequency Band
8.7.1 Licensed
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Unlicensed
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Shared Spectrum
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.8 Global Private LTE Market by Industry Vertical
8.8.1 Healthcare
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Manufacturing
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Government and Defence
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Energy and Utilities
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Oil and Gas
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
8.8.6 Education
8.8.6.1 Market Share
8.8.6.2 Historical Trend (2018-2022)
8.8.6.3 Forecast Trend (2023-2028)
8.8.7 Others
8.9 Global Private LTE Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Private LTE Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Private LTE Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Private LTE Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Private LTE Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Private LTE Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 AT&T Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Verizon Communications Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Deutsche Telekom AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Vodafone Group Plc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Nokia Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Private LTE Market: Key Industry Highlights, 2018 and 2028
2. Global Private LTE Historical Market: Breakup by Component (USD Billion), 2018-2022
3. Global Private LTE Market Forecast: Breakup by Component (USD Billion), 2023-2028
4. Global Private LTE Historical Market: Breakup by Technology (USD Billion), 2018-2022
5. Global Private LTE Market Forecast: Breakup by Technology (USD Billion), 2023-2028
6. Global Private LTE Historical Market: Breakup by Deployment Model (USD Billion), 2018-2022
7. Global Private LTE Market Forecast: Breakup by Deployment Model (USD Billion), 2023-2028
8. Global Private LTE Historical Market: Breakup by Frequency Band (USD Billion), 2018-2022
9. Global Private LTE Market Forecast: Breakup by Frequency Band (USD Billion), 2023-2028
10. Global Private LTE Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2022
11. Global Private LTE Market Forecast: Breakup by Industry Vertical (USD Billion), 2023-2028
12. Global Private LTE Historical Market: Breakup by Region (USD Billion), 2018-2022
13. Global Private LTE Market Forecast: Breakup by Region (USD Billion), 2023-2028
14. North America Private LTE Historical Market: Breakup by Country (USD Billion), 2018-2022
15. North America Private LTE Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Europe Private LTE Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Europe Private LTE Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Asia Pacific Private LTE Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Asia Pacific Private LTE Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Latin America Private LTE Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Latin America Private LTE Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Middle East and Africa Private LTE Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Middle East and Africa Private LTE Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Global Private LTE Market Structure
Key Questions Answered in the Report
In 2021, the global private LTE market attained a value of nearly USD 4.22 billion.
The market is projected to grow at a CAGR of 14.2% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 9.22 billion by 2027.
The major industry drivers are the massive digitalisation, especially in emerging economies, growing demand for cost-efficient high-speed internet services, and the government policies to develop infrastructure of private LTE.
The key industry trends guiding the growth of the industry include the rapid technological advancements and the increased investments by the key industry players.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant components include infrastructure and services.
The different technologies include FDD and TDD.
The major deployment models are centralised and distributed.
The different frequency bands are licensed, unlicensed, and shared spectrum.
The major industry verticals include healthcare, manufacturing, government and defence, energy and utilities, oil and gas, and education, among others.
The major players in the industry are AT&T Inc., Verizon Communications Inc., Deutsche Telekom AG, Vodafone Group Plc, and Nokia Corporation, among others.
Analyst Review
The global private LTE market attained a value of nearly USD 4.22 billion in 2021, driven by the rapid digitalisation in emerging economies. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 14.2%. The market is projected to reach about USD 9.22 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The private LTE industry, based on component, is classified into infrastructure and services. Based on technology, the market can be divided into FDD and TDD. On the basis of deployment model, the market is categorised into centralised and distributed. Based on frequency band, the market is divided into licensed, unlicensed, and shared spectrum. On the basis of industry vertical, the market is classified into healthcare, manufacturing, government and defence, energy and utilities, oil and gas, and education, among others. The major regional markets for private LTE are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include AT&T Inc., Verizon Communications Inc., Deutsche Telekom AG, Vodafone Group Plc, and Nokia Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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