Private LTE Market Analysis

Private LTE Market Overview

The Private LTE Market size is projected to grow from USD 7322.24 million in 2024 to USD 19,252.4 million by 2032, exhibiting a compound annual growth rate (CAGR) of 12.84% during the forecast period (2024 - 2032). Additionally, the market size for private LTE was valued at USD 6,485.6 million in 2023.

Surge in demand for unique and defined network qualities propelling the demand for Private LTE.

Figure 1: Private LTE Market 2022-2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Private LTE Market Trends

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  Adoption of LTE technology in smart cities applications

  
  

A smart city utilizes various types of electronic, IoT-based equipment and sensors to collect data. This data is used to gain insights to manage resources, assets, and services effectively. Many developing countries across the world, such as China, Brazil, and India, have taken up smart city projects to promote advanced and sustainable infrastructure development. For instance, in India, the Smart City Mission, established under the Ministry of Housing and Urban Affairs, aims to develop 100 smart cities across the country. Advanced ICT services would help facilitate requirements such as smart lighting, smart metering, video surveillance, smart waste management, and smart parking. IoT modules, which help reduce the strain on the city due to traffic issues and environmental concerns, have become an integral part of the smart city infrastructure. They are primarily sensors and actuators that gather data and are mainly commanded by the city’s software and applications operating in a municipal cloud and control center. A robust network solution is required to facilitate continuous function and protect against vulnerable security threats. The private LTE networks are expected to be deployed on a large scale in these smart cities, as it is one of the best-suited networks as it offers mobility, spectrum options, network security, configurable quality of service (QoS), ecosystem and interoperability, and high-to-low-rate scaling.

Private LTE Market Covid Impact

The COVID-19 pandemic has had no effect on the Private LTE Market's expansion since emerging countries' public and private sectors are partnering to accelerate the development of LTE infrastructure in response to the pandemic. Also, due to the COVID-19 pandemic, almost all businesses are working from their homes or original sites. Working from home (WFH) and organisational digital transformation have emerged as essential components in the rise of private LTE. Unfortunately, due to the temporary shutdown of the manufacturing unit of auxiliary equipment for micro towers during lockdown, maintenance of private LTE stations and micro towers is severely hampered.

Private LTE Market Russia-Ukraine War Impact

Russia's invasion of Ukraine and the ongoing effects of the pandemic had a negative and unclear impact on the world economy. Many of the downside risks mentioned in April World Economic Outlook have started to manifest. The world's financial conditions have become more rigid due to higher-than-expected inflation, particularly in the United States and major European nations. With COVID-19 outbreaks and lockdowns, China's recession has been greater than expected, and the conflict in Ukraine has had further detrimental effects.

Private LTE Market Segment Insights

Private LTE Technology Insights

The Private LTE Market segmentation, based on technology, includes frequency division duplexing (FDD) and time division duplexing (TDD). In 2022, frequency division duplexing (FDD) dominated the market. FDD is a communication technology where separate frequency bands are used for transmitting and receiving signals, due to which sending and receiving data signals do not interfere with each other. As the signals do not interfere, FDD is considered a better option when compared to TDD for symmetric traffic signals such as voice in broadband wireless networks. FDD is used in various wireless systems, including microwave (MW) links, millimeter wave (MMW) links, and some 4G/LTE networks. LTE-FDD develops a faster mobile broadband communication network.

Figure 2: Private LTE Market, by Technology, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

November 2019, Vivo will construct a private LTE network for Vale, a multinational mining corporation. Vivo, a Brazilian operator, announced a contract to build its first private LTE network for Vale's mining operations in Brazil.

Private LTE Services Insights

The Private LTE Market segmentation, based on component, includes managed services and professional services. Hardware segments will hold the largest market share in 2021. Managed services are the services that are deployed, managed, and monitored by third-party service providers. The managed service for a private LTE network outsources the entire network operations management or a part of it to third-party vendors for the purpose of improving the network operations performance and reducing the costs needed for managing, training, and hiring the required expertise. Network planning and orchestration are two of the services offered by the managed service providers in the private LTE market for helping the enterprises plan and program the network's behavior to boost the network’s operational performance and deliver a high-quality experience to their customers. Managed services also help save on the cost of building a private LTE network.

January 2020 - Over the previous three years, AT&T Inc. has invested more than USD 800 million in its wireless and wired networks in Kentucky in order to maintain its market dominance. With these planned expenditures, the telecom giant hopes to improve consumer and business reliability, coverage, speed, and overall performance.

Figure 3: Private LTE Market, by Services, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Private LTE, By Vertical Insights

The Private LTE Market data has been bifurcated by Vertical into manufacturing, defense, energy & utilities, transportation, mining, healthcare, and others. The manufacturing segment held the largest market share in 2022. Manufacturing facilities use automated systems that use network systems such as hard-wired connections, GPS, and Wi-Fi to perform their daily functions. These connectivity options, however, are not. Over the previous three years, AT&T Inc. has invested more than USD 800 million in its wireless and wired networks in Kentucky in order to maintain its market dominance. With these planned expenditures, the telecom giant hopes to improve consumer and business reliability, coverage, speed, and the overall performance of IoT devices. Private LTE puts the network of the manufacturing plant on a different frequency range so that IoT devices and robotic equipment can work on different frequencies.

January 2020, CellAntenna Corporation has completed Ericsson Industry Connect training and testing for RF planning and installation, a private cellular solution that supports OnGo Citizens Broadband Radio Service and is now a member of the Industry Connect partner program. CellAntenna can now provide full-service design, integration, and support for Ericsson's new Industrial Connect private cellular network.

Figure 4: Private LTE Market, by Vertical, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Private LTE Regional Insights

By region, the study segments the market into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The North America private LTE market accounted for USD 2,348.67 million in 2021, owing to high penetration of 5G networks and the growing use of artificial intelligence (AI) & other smart connected devices in the region. Moreover, the surge in need for defined and unique network qualities, the increasing need for wireless networks for business due to the shifting of business towards digitization, and the availability of unlicensed and shared spectrum in private LTE networks create opportunities for service providers to set up service on the latest technical advances being developed for the high-speed internet.

The countries considered in the scope of Private LTE market are US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.

Figure 5: Private LTE Market, by Region, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Private LTE Key Market Players & Competitive Insights

The market for private LTE is dominated by a few big players offering comprehensive private LTE across verticals including manufacturing, defense, healthcare, energy & utilities, transportation, and mining among others.

Some of the major players operating in the global market include LM Ericsson (Sweden), Nokia Corporation (Finland), Huawei Technology Co. Ltd (China), Samsung Electronics (South Korea), Verizon Communications (US), Cisco Systems, Inc (US), and Qualcomm Incorporated (US) and Others.

Key Companies in the Private LTE market include.

• LM Ericsson (Sweden)


• Nokia Corporation (Finland)


• Huawei Technology Co. Ltd (China)


• Samsung Electronics (South Korea)


• Verizon Communications (US)


• Cisco Systems, Inc (US)


• Qualcomm Incorporated (US)


• ARRIS International Limited (US)


• Sierra Wireless (Canada)


• Future Technologies, LLC (US)


• Boingo Wireless, Inc (US)


• Casa Systems (US)


• Other Players

Private LTE Industry Developments

November 2022, Ericsson collaborated with Thales to deliver loT Accelerator Device Connect including the first-ever connection-ready generic eSIMs for enterprises. Ericsson announced the general launch of standalone 5G radio software with cloud infrastructure edge services in June 2020.

July 2022, Nokia announced a five-year partnership with Ice to deliver high-capacity equipment such as 5G massive MIMO to support all frequency bands. The company will update about 3,200 base stations and deploy 3,900 new base stations under this arrangement.

 September 2021, NEC Corporation of India (NEC India) announced the launch of iPASOLINK EX Advanced Dual, NEC's outdoor, integrated, ultra-compact microwave radio system. It supports communications in the 70-80 GHz band (E-band).

Private LTE Market Segmentation

Private LTE, By Technology Outlook

• Frequency Division Duplexing (FDD)


• Time Division Duplexing (TDD)

Private LTE, By Service Outlook

• Managed Services


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  Professional Services
  
  
  
  • Consulting
  
  
  • Integration and Deployment
  
  
  • Support and Maintenance
  
  
  
  

Private LTE, By Application Outlook

• Real time Surveillance


• Operations Visibility and Optimizations


• Authentication and Access Control


• Asset Management and Uptime Assurance


• Worker Safety Monitoring


• Logistics and Supply Chain Management


• Remote Diagnostics and Predictive Maintenance

Private LTE, By Vertical Outlook

• Manufacturing


• Defense


• Energy & Utilities


• Transportation


• Mining


• Healthcare


• Others

Private LTE Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America