Global Private LTE Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Private LTE Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Private LTE is a network that is run specifically for the benefit of an organization, such as a utility, factory or police department. Only authorized users of that organization have access to the network. The organization decides where there will be coverage, how the network will perform, who has access and priority. This is in contrast to a public LTE network, which would be run for the benefit of anyone willing to pay the monthly fee, like Verizon, AT&T and Sprint.

Market Overview:

The latest research study on the global Private LTE market finds that the global Private LTE market reached a value of USD 4911.92 million in 2022. It’s expected that the market will achieve USD 10702.33 million by 2028, exhibiting a CAGR of 13.86% during the forecast period.

Market Drivers

Industrial Internet of Things is the continuous integration of various acquisition and control sensors or controllers with perception and monitoring capabilities, as well as mobile communications, intelligent analysis and other technologies into all aspects of the industrial production process, thereby greatly improving manufacturing efficiency, improving product quality, and reducing products Cost and resource consumption will eventually achieve a new stage of upgrading traditional industries to intelligence. An indispensable core to realize the whole process is a safe and reliable network. Data needs to be transmitted through a safe and reliable network between different levels of the system, and Private LTE can just take this role. Therefore, the rapid development of the Industrial Internet of Things will promote the development of the Private LTE market.
With the advent of the era of big data, the issue of information security has been paid more and more attention. Private LTE is independent of the public network and only allowed specific personnel can access it, which makes it very safe. In addition, it has the advantages of faster data transmission speed, the ability to connect multiple devices and lower latency. Therefore, national security agencies are stepping up the deployment of Private LTE to improve situational awareness, reduce response time and obtain more accurate information. Many large enterprises are also stepping up deployment of Private LTE to eliminate the contact between their networks and public networks to protect information security.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Ericsson, Huawei, Nokia, Verizon and Deutsche Telekom are the five key players in the global Private LTE market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Private LTE market in the past 5 years.

Telefonaktiebolaget LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm.

Huawei Technologies Co., Ltd. is a Chinese multinational technology company headquartered in Shenzhen, Guangdong. It designs, develops, and sells telecommunications equipment and consumer electronics. The company was founded in 1987 by Ren Zhengfei, a former Deputy Regimental Chief in the People's Liberation Army.

Segmentation Overview:

Among different product types, FDD segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Utilities & Public Safety segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Private LTE market covered in Chapter 3:

NEC
Deutsche Telekom
Ericsson
CommScope
Samsung
Nokia
Druid Software
Verizon
Comba
Huawei
ZTE
Cisco
Athonet
Redline Communications

In Chapter 4 and Chapter 14.2, on the basis of types, the Private LTE market from 2018 to 2029 is primarily split into:

FDD
TDD

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Private LTE market from 2018 to 2029 covers:

Utilities & Public Safety
Oil & gas
Mining
Manufacturing
Transportation & Logistics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)