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Global Private LTE Market to Grow at a CAGR of 10.60% During 2024-2032, Aided by the Technological Advancements

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Global Private LTE Market Size, Share, Growth, Analysis: By Component: Infrastructure, Services; By Technology: FDD, TDD; By Deployment Model: Centralised, Distributed; By Frequency Band: Licensed, Unlicensed, Shared Spectrum; By Industry Vertical: Healthcare, Manufacturing, Others; Regional Analysis; Competitive Landscape; 2024-2032

Infrastructure Components Possess a Substantial Share of the Private LTE Market

Based on component, infrastructure is leading the market for private LTE. The increasing establishment of industrial facilities and other institutions is contributing to a rise in demand for networks and connectivity, which, in turn, is leading to the expansion of private LTE network infrastructure. This factor is enlarging the private LTE network market. Governments across the globe have taken several initiatives to facilitate infrastructure growth, including liberalisation of policies and the setting up of mobile towers, among others.

Global Private LTE Market Share by Region

In North America, there is a growing demand for private LTE primarily due to the digitalisation of modern business and government jobs, thus invigorating the North America private LTE market. In addition, the emergence of Citizens Broadband Radio Service, a private LTE by the Federal Communication Commission of the United States, is further augmenting the growth of the market for private LTE in this region.

The Asia Pacific private LTE market also accounts for a considerable share of the global market for private LTE owing to the modernisation of telecommunication infrastructure in the region. Investments made by key players towards the development of 5G networks and low band spectrums are also providing a thrust to the private LTE and 5g network market, leading to an enhanced internet services infrastructure and opportunities for business growth. The growing development activities and digitalisation of the economy in the emerging countries of the region are expected to expand the market for private LTE further in the Asia Pacific.

Private LTE Market Report Snapshots

Private LTE Market Size

Private LTE Market Share

Private LTE Market Growth

Private LTE Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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 (2018-2023)
   8.3   Global Private LTE Market Forecast (2024-2032)
   8.4   Global Private LTE Market by Component
       8.4.1   Infrastructure
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Services
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
   8.5   Global Private LTE Market by Technology
       8.5.1   FDD
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   TDD
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
   8.6   Global Private LTE Market by Deployment Model
       8.6.1   Centralised
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Distributed
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
   8.7   Global Private LTE Market by Frequency Band
       8.7.1   Licensed
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Unlicensed
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Shared Spectrum
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
   8.8   Global Private LTE Market by Industry Vertical
       8.8.1   Healthcare
           8.8.1.1 Historical Trend (2018-2023)
           8.8.1.2 Forecast Trend (2024-2032)
       8.8.2   Manufacturing
           8.8.2.1 Historical Trend (2018-2023)
           8.8.2.2 Forecast Trend (2024-2032)
       8.8.3   Government and Defence
           8.8.3.1 Historical Trend (2018-2023)
           8.8.3.2 Forecast Trend (2024-2032)
       8.8.4   Energy and Utilities
           8.8.4.1 Historical Trend (2018-2023)
           8.8.4.2 Forecast Trend (2024-2032)
       8.8.5   Oil and Gas
           8.8.5.1 Historical Trend (2018-2023)
           8.8.5.2 Forecast Trend (2024-2032)
       8.8.6   Education
           8.8.6.1 Historical Trend (2018-2023)
           8.8.6.2 Forecast Trend (2024-2032)
       8.8.7   Others
   8.9   Global Private LTE Market by Region
       8.9.1   North America
           8.9.1.1 Historical Trend (2018-2023)
           8.9.1.2 Forecast Trend (2024-2032)
       8.9.2   Europe
           8.9.2.1 Historical Trend (2018-2023)
           8.9.2.2 Forecast Trend (2024-2032)
       8.9.3   Asia Pacific
           8.9.3.1 Historical Trend (2018-2023)
           8.9.3.2 Forecast Trend (2024-2032)
       8.9.4   Latin America
           8.9.4.1 Historical Trend (2018-2023)
           8.9.4.2 Forecast Trend (2024-2032)
       8.9.5   Middle East and Africa
           8.9.5.1 Historical Trend (2018-2023)
           8.9.5.2 Forecast Trend (2024-2032)
9   North America Private LTE Market Analysis
   9.1   United States of America
       9.1.1 Historical Trend (2018-2023)
       9.1.2 Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1 Historical Trend (2018-2023)
       9.2.2 Forecast Trend (2024-2032)
10   Europe Private LTE Market Analysis
   10.1   United Kingdom
       10.1.1 Historical Trend (2018-2023)
       10.1.2 Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1 Historical Trend (2018-2023)
       10.2.2 Forecast Trend (2024-2032)
   10.3   France
       10.3.1 Historical Trend (2018-2023)
       10.3.2 Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1 Historical Trend (2018-2023)
       10.4.2 Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Private LTE Market Analysis
   11.1   China
       11.1.1 Historical Trend (2018-2023)
       11.1.2 Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1 Historical Trend (2018-2023)
       11.2.2 Forecast Trend (2024-2032)
   11.3   India
       11.3.1 Historical Trend (2018-2023)
       11.3.2 Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1 Historical Trend (2018-2023)
       11.4.2 Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1 Historical Trend (2018-2023)
       11.5.2 Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Private LTE Market Analysis
   12.1   Brazil
       12.1.1 Historical Trend (2018-2023)
       12.1.2 Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1 Historical Trend (2018-2023)
       12.2.2 Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1 Historical Trend (2018-2023)
       12.3.2 Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Private LTE Market Analysis
   13.1   Saudi Arabia
       13.1.1 Historical Trend (2018-2023)
       13.1.2 Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1 Historical Trend (2018-2023)
       13.2.2 Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1 Historical Trend (2018-2023)
       13.3.2 Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1 Historical Trend (2018-2023)
       13.4.2 Forecast Trend (2024-2032)
   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 Huawei Technologies Co. Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 NEC Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Boingo Wireless, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Redline Communications Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Telefonaktiebolaget LM Ericsson
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Pod Group
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Kyndryl Inc.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Airspan Networks Inc
15.2.13.1 Company Overview
15.2.13.2 Product Portfolio
15.2.13.3 Demographic Reach and Achievements
15.2.13.4 Certifications
15.2.14 ASOCS Ltd.
15.2.14.1 Company Overview
15.2.14.2 Product Portfolio
15.2.14.3 Demographic Reach and Achievements
15.2.14.4 Certifications
15.2.15 Casa Systems Inc.
15.2.15.1 Company Overview
15.2.15.2 Product Portfolio
15.2.15.3 Demographic Reach and Achievements
15.2.15.4 Certifications
15.2.16 Cisco Systems Inc.
15.2.16.1 Company Overview
15.2.16.2 Product Portfolio
15.2.16.3 Demographic Reach and Achievements
15.2.16.4 Certifications
15.2.17 Comba Telecom Systems Holdings Limited
15.2.17.1 Company Overview
15.2.17.2 Product Portfolio
15.2.17.3 Demographic Reach and Achievements
15.2.17.4 Certifications
15.2.18 Commscope Inc.
15.2.18.1 Company Overview
15.2.18.2 Product Portfolio
15.2.18.3 Demographic Reach and Achievements
15.2.18.4 Certifications
15.2.19 Druid Software Limited
15.2.19.1 Company Overview
15.2.19.2 Product Portfolio
15.2.19.4 Certifications
15.2.19.3 Demographic Reach and Achievements
15.2.20 Sierra Wireless Inc
15.2.20.1 Company Overview
15.2.20.2 Product Portfolio
15.2.20.4 Certifications
15.2.20.3 Demographic Reach and Achievements
15.2.21 Telefónica S.A.
15.2.21.1 Company Overview
15.2.21.2 Product Portfolio
15.2.21.4 Certifications
15.2.21.3 Demographic Reach and Achievements
15.2.22 MegronTech Limited.
15.2.22.1 Company Overview
15.2.22.2 Product Portfolio
15.2.22.3 Demographic Reach and Achievements
15.2.22.4 Certifications
15.2.23 Syniverse Technologies LLC
15.2.23.1 Company Overview
15.2.23.2 Product Portfolio
15.2.23.3 Demographic Reach and Achievements
15.2.23.4 Certifications
15.2.24 Cradlepoint, Inc.
15.2.24.1 Company Overview
15.2.24.2 Product Portfolio
15.2.24.3 Demographic Reach and Achievements
15.2.24.4 Certifications
15.2.25 Qualcomm Incorporated
15.2.25.1 Company Overview
15.2.25.2 Product Portfolio
15.2.25.3 Demographic Reach and Achievements
15.2.25.4 Certifications
15.2.26 Parallel Wireless Inc
15.2.26.1 Company Overview
15.2.26.2 Product Portfolio
15.2.26.4 Certifications
15.2.26.3 Demographic Reach and Achievements
15.2.27 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 2032
2.   Global Private LTE Historical Market: Breakup by Component (USD Billion), 2018-2023
3.   Global Private LTE Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.   Global Private LTE Historical Market: Breakup by Technology (USD Billion), 2018-2023
5.   Global Private LTE Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6.   Global Private LTE Historical Market: Breakup by Deployment Model (USD Billion), 2018-2023
7.   Global Private LTE Market Forecast: Breakup by Deployment Model (USD Billion), 2024-2032
8.   Global Private LTE Historical Market: Breakup by Frequency Band (USD Billion), 2018-2023
9.   Global Private LTE Market Forecast: Breakup by Frequency Band (USD Billion), 2024-2032
10.   Global Private LTE Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
11.   Global Private LTE Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
12.   Global Private LTE Historical Market: Breakup by Region (USD Billion), 2018-2023
13.   Global Private LTE Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.   North America Private LTE Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   North America Private LTE Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Europe Private LTE Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Europe Private LTE Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Asia Pacific Private LTE Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Asia Pacific Private LTE Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Latin America Private LTE Historical Market: Breakup by Country (USD Billion), 2018-2023
21.   Latin America Private LTE Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.   Middle East and Africa Private LTE Historical Market: Breakup by Country (USD Billion), 2018-2023
23.   Middle East and Africa Private LTE Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.   Global Private LTE Market Structure

Key Questions Answered in the Report

What was the global private LTE market value in 2023?

In 2023, the global market for private LTE attained a value of approximately USD 5.82 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 10.60% between 2024 and 2032.

What is the private LTE market forecast for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 14.47 billion by 2032.

What are the major market drivers?

The major market drivers include increasing digitalisation, especially in emerging economies, growing demand for cost-efficient high-speed internet services, and policies of various governments to develop infrastructure for private LTE.

What are the key trends of the market?

The key private LTE market trends guiding the growth of the market include rapid technological advancements and increasing investments by key market players.

What are the major regional markets of private LTE, according to the EMR report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the significant components of private LTE in the market?

The significant components of private LTE in the market include infrastructure and services.

What are the different technologies of private LTE in the market?

The different technologies of private LTE in the market include FDD and TDD.

What are the major deployment models of private LTE?

The major deployment models of private LTE are centralised and distributed.

What are the primary frequency bands of private LTE in the market?

The primary frequency bands of private LTE in the market are licensed, unlicensed, and shared spectrum.

What are the major industry verticals for private LTE?

The major industry verticals for private LTE in the market include healthcare, manufacturing, government and defence, energy and utilities, oil and gas, and education, among others.

Who are the key market players, according to the private LTE market report?

The major players in the market, according to the report, are AT&T Inc., Verizon Communications Inc., Deutsche Telekom AG, Vodafone Group Plc, Nokia Corporation, Huawei Technologies Co. Ltd., NEC Corporation, Boingo Wireless, Inc., Redline Communications Inc., Telefonaktiebolaget LM Ericsson, Pod Group, Kyndryl Inc., Airspan Networks Inc, ASOCS Ltd., Casa Systems Inc., Cisco Systems Inc., Comba Telecom Systems Holdings Limited, Commscope Inc., Druid Software Limited, Sierra Wireless Inc, Telefónica S.A., MegronTech Limited., Syniverse Technologies LLC, Cradlepoint, Inc., Qualcomm Incorporated, and Parallel Wireless Inc, among others.

Analyst Review

The global private LTE market attained a value of approximately USD 5.82 billion in 2023, driven by the rapid digitalisation in emerging economies. Aided by technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 10.60%. The market is projected to reach a value of around USD 14.47 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. By component, the market is classified into infrastructure and services. Based on technology, the market is bifurcated 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, Nokia Corporation, Huawei Technologies Co. Ltd., NEC Corporation, Boingo Wireless, Inc., Redline Communications Inc., Telefonaktiebolaget LM Ericsson, Pod Group, Kyndryl Inc., Airspan Networks Inc, ASOCS Ltd., Casa Systems Inc., Cisco Systems Inc., Comba Telecom Systems Holdings Limited, Commscope Inc., Druid Software Limited, Sierra Wireless Inc, Telefónica S.A., MegronTech Limited., Syniverse Technologies LLC, Cradlepoint, Inc., Qualcomm Incorporated, and Parallel Wireless Inc, 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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