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Private LTE Market Report by Component, Technology, Frequency Band, Deployment Model, Industry Vertical, and Region 2024-2032

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    Report

  • 142 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5946819
Description Jump to:
The global private LTE market size reached US$ 5.6 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 14.6 Billion by 2032, exhibiting a growth rate (CAGR) of 11.2% during 2023-2032.

Private long-term evolution (LTE) refers to a cellular network system that provides individual network services independent of any carrier. It includes hardware, mobile core software, subscriber identification module (SIM) cards and network orchestration software that can be configured to support the specific requirements of an individual or an enterprise. Private LTE utilizes localized micro towers and small cells to provide enhanced connectivity, modify applications and reduce latency in the network. In comparison to public LTE, private LTE runs on its dedicated equipment and offers independent coverage, security, and performance. As a result, private LTE finds extensive applications across various industries, such as education, healthcare, manufacturing, oil and gas, energy and utility, retail and e-commerce, information technology (IT) and telecommunication.

Private LTE Market Trends:

Significant growth in the telecommunication industry across the globe is one of the key factors creating a positive outlook for the market. Private LTE provides improved bandwidth and data transfer speeds that prevent unstable internet connections during video and audio calls. Additionally, the widespread product utilization in smartphones and smart home devices, such as security alarms, connected city streetlights, smart waste management and wearable fitness and health trackers, is favouring the market growth. Moreover, various technological advancements, such as the integration of communication systems with artificial intelligence (AI) and the Internet of Things (IoT) solutions to provide seamless connectivity, enhanced security, outdoor coverage, and low latency, are providing a thrust to the market growth. These technologies analyse, optimize, and improve the data and maintain the confidentiality of sensitive information within the network. Other factors, including the increasing demand for wireless networks across organizations, along with the widespread product adoption in the medical industry for improved communications between healthcare systems, are anticipated to drive the market toward growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global private LTE market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on component, technology, frequency band, deployment model and industry vertical.

Breakup by Component:

  • Infrastructure
  • Service

Breakup by Technology:

  • FDD
  • TDD

Breakup by Frequency Band:

  • Licensed
  • Unlicensed
  • Shared Spectrum

Breakup by Deployment Model:

  • Centralized
  • Distributed

Breakup by Industry Vertical:

  • Healthcare
  • IT and Telecom
  • Manufacturing, Retail and E-commerce
  • Government and Defense
  • Energy and Utility
  • Oil and Gas
  • Education
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • - The competitive landscape of the industry has also been examined along with the profiles of the key players being Airspan Networks Inc., ASOCS Ltd., Casa Systems Inc., Cisco Systems Inc., Comba Telecom Systems Holdings Limited, CommScope Inc., Druid Software Limited, Huawei Technologies Co. Ltd., Nokia Corporation, Qualcomm Incorporated, Sierra Wireless Inc and Telefónica S.A.

Key Questions Answered in This Report

1. What was the size of the global private LTE market in 2023?
2. What is the expected growth rate of the global private LTE market during 2024-2032?
3. What are the key factors driving the global private LTE market?
4. What has been the impact of COVID-19 on the global private LTE market?
5. What is the breakup of the global private LTE market based on the component?
6. What is the breakup of the global private LTE market based on the technology?
7. What is the breakup of the global private LTE market based on the frequency band?
8. What is the breakup of the global private LTE market based on the deployment model?
9. What is the breakup of the global private LTE market based on the industry vertical?
10. What are the key regions in the global private LTE market?
11. Who are the key players/companies in the global private LTE market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Private LTE Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Infrastructure
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Service
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Technology
7.1 FDD
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 TDD
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Frequency Band
8.1 Licensed
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Unlicensed
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Shared Spectrum
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Deployment Model
9.1 Centralized
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Distributed
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Industry Vertical
10.1 Healthcare
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 IT and Telecom
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Manufacturing, Retail and E-commerce
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Government and Defense
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Energy and Utility
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Oil and Gas
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Education
10.7.1 Market Trends
10.7.2 Market Forecast
10.8 Others
10.8.1 Market Trends
10.8.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Airspan Networks Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 ASOCS Ltd.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Casa Systems Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.4 Cisco Systems Inc.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Comba Telecom Systems Holdings Limited
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 CommScope Inc.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Druid Software Limited
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Huawei Technologies Co. Ltd.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 SWOT Analysis
16.3.9 Nokia Corporation
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Qualcomm Incorporated
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Sierra Wireless Inc
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
16.3.12 Telefónica S.A.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Private LTE Market: Major Drivers and Challenges
Figure 2: Global: Private LTE Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Private LTE Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Private LTE Market: Breakup by Component (in %), 2023
Figure 5: Global: Private LTE Market: Breakup by Technology (in %), 2023
Figure 6: Global: Private LTE Market: Breakup by Frequency Band (in %), 2023
Figure 7: Global: Private LTE Market: Breakup by Deployment Model (in %), 2023
Figure 8: Global: Private LTE Market: Breakup by Industry Vertical (in %), 2023
Figure 9: Global: Private LTE Market: Breakup by Region (in %), 2023
Figure 10: Global: Private LTE (Infrastructure) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Private LTE (Infrastructure) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Private LTE (Service) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Private LTE (Service) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Private LTE (FDD) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Private LTE (FDD) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Private LTE (TDD) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Private LTE (TDD) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Private LTE (Licensed) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Private LTE (Licensed) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Private LTE (Unlicensed) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Private LTE (Unlicensed) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Private LTE (Shared Spectrum) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Private LTE (Shared Spectrum) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Private LTE (Centralized) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Private LTE (Centralized) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Private LTE (Distributed) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Private LTE (Distributed) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Private LTE (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Private LTE (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Private LTE (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Private LTE (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Private LTE (Manufacturing, Retail and E-commerce) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Private LTE (Manufacturing, Retail and E-commerce) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Private LTE (Government and Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Private LTE (Government and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Private LTE (Energy and Utility) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Private LTE (Energy and Utility) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Private LTE (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Private LTE (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Private LTE (Education) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Private LTE (Education) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Private LTE (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Private LTE (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: North America: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: North America: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: United States: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: United States: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Canada: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Canada: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Asia-Pacific: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Asia-Pacific: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: China: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: China: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Japan: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Japan: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: India: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: India: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: South Korea: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: South Korea: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Australia: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Australia: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Indonesia: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Indonesia: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Europe: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Europe: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Germany: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Germany: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: France: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: France: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: United Kingdom: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: United Kingdom: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Italy: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Italy: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Spain: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Spain: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Russia: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Russia: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Latin America: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Latin America: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Brazil: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Brazil: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Mexico: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Mexico: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Others: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Others: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Middle East and Africa: Private LTE Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Middle East and Africa: Private LTE Market: Breakup by Country (in %), 2023
Figure 92: Middle East and Africa: Private LTE Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Global: Private LTE Industry: SWOT Analysis
Figure 94: Global: Private LTE Industry: Value Chain Analysis
Figure 95: Global: Private LTE Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Private LTE Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Private LTE Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Private LTE Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Private LTE Market Forecast: Breakup by Frequency Band (in Million US$), 2024-2032
Table 5: Global: Private LTE Market Forecast: Breakup by Deployment Model (in Million US$), 2024-2032
Table 6: Global: Private LTE Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
Table 7: Global: Private LTE Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Private LTE Market: Competitive Structure
Table 9: Global: Private LTE Market: Key Players

Companies Mentioned

  • Airspan Networks Inc.
  • ASOCS Ltd.
  • Casa Systems Inc.
  • Cisco Systems Inc.
  • Comba Telecom Systems Holdings Limited
  • CommScope Inc.
  • Druid Software Limited
  • Huawei Technologies Co. Ltd.
  • Nokia Corporation
  • Qualcomm Incorporated
  • Sierra Wireless Inc and Telefónica S.A.

Methodology

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Table Information

Report AttributeDetails
No. of Pages142
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 5.6 Billion
Forecasted Market Value ( USD ) by 2032 $ 14.6 Billion
Compound Annual Growth Rate11.2%
Regions CoveredGlobal
No. of Companies Mentioned11

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