Private LTE Market Report and Forecast 2025-2034

The global private LTE market size attained a value of approximately USD 5.82 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 10.60%, reaching a value of around USD 15.94 Billion by 2034.

Rising adoption of open networking models are driving innovation in the operations of private LTE networks, which is further supported by advancements in virtualisation technologies and cloud usage. Through open networking, end users can engage any vendor for private LTE solutions, thereby reducing dependency upon specific vendors while also lowering overall solution deployment costs. Expansion of small and medium enterprises are likely to contribute to the growth of the private LTE market as more enterprises invest in private and optimised networks. Meanwhile, the manufacturing industry is also anticipated to contribute to the market for private LTE as more manufacturers and industries implement IoT to increase efficiency.

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 Segmentation

Private long-term evolution (LTE) 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 communications and help connect teams within an organisation more effectively.

Market Breakup by Component

• Infrastructure
• Services

Market Breakup by Technology

• FDD
• TDD

Market Breakup by Deployment Model

• Centralised
• Distributed

Market Breakup by Frequency Band

• Licensed
• Unlicensed
• Shared Spectrum

Market Breakup by Industry Vertical

• Healthcare
• Manufacturing
• Government and Defence
• Energy and Utilities
• Oil and Gas
• Education
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Exceptional Benefits, and Technological Advancements Propelling the Market Growth of Private LTE

Rapid digitalisation of economies and increasing standards of living, especially after the COVID-19 pandemic, are the crucial private LTE market trends. 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 market. 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 public concerns instantly. Furthermore, rapid technological advancements such as artificial intelligence, cloud technology, and the Internet of Things (IoT), among others, are expected to bolster the market growth in the coming years. In addition, the increasing adoption of compact smartphones is likely to pose as a critical private LTE market opportunity.

Key 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
• 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
• Parallel Wireless Inc
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.