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What’s Driving the Private LTE Market Trends? | Key Companies are AT&T, Boingo Wireless, Cisco, Ericsson, General Dynamics Mission Systems, Motorola Solutions, Nokia, Ruckus Networks, Sierra Wireless, SpiderCloud Wireless, Tait Communications

06-13-2019 07:08 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

/ PR Agency: Private LTE Market
Private LTE Market

Private LTE Market

Private LTE market is gaining momentum with the increase in deployments for various use cases such as enterprise IIoT applications, defense, transportation, energy and mining. A dedicated network enables organizations to control their own networking environment, customize it as per their requirements and ensures more coverage. For instance, in the critical communications industry, LTE has emerged as one of the most widely adopted networks. The network enables the use of various applications such as live streaming during emergency situations or directing mission-critical assets. The agencies are rapidly embracing dedicated networks to ensure a coordinated response, offer actionable data insights and to enhance situational awareness. Private LTE is also gaining popularity in mission-critical airport communications to enable operators to have a secure control over a smart airport network.

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The EPC segment held a majority share accounting for nearly 40% in the private LTE market in 2017. Growing adoption of private LTE among organizations increases the demand for EPC to address the CAPEX concerns while establishing dedicated networks. The EPC solution helps to speed up real-time information uploads and transfers with covered voice and data communications suitable for small and medium-sized networks. As networks are becoming more complex with the introduction of next-generation wireless technologies, the demand for EPC solution to manage the network payload will increase. As per the infrastructure type, the eNodeB market is expected to witness the highest growth rate of over 28% from 2018 to 2024.

The key players covered in this study: -
• AT&T
• Boingo Wireless
• Casa Systems, Inc.
• Cisco
• Ericsson
• General Dynamics Mission Systems
• Huawei Technologies
• Motorola Solutions
• NetNumber
• Nokia
• Ruckus Networks
• Sierra Wireless
• SpiderCloud Wireless, Inc
• Tait Communications

Some Points From Table of Content: -

Chapter 3. Private LTE Market Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2014-2024
3.4. Private LTE ecosystem analysis
3.4.1. Hardware component providers
3.4.2. Smartphone providers
3.4.3. Telecom service providers
3.4.4. Integrators
3.4.5. Managed service providers
3.4.6. End users
3.5. Advantages of LTE for private wireless networks
3.6. Working/Architecture of Private LTE
3.7. Technology & innovation landscape
3.7.1. Internet of Things (IoT)
3.7.2. 5G network
3.7.3. MulteFire technology
3.7.4. Citizens Broadband Radio Service (CBRS)
3.8. Regulatory landscape
3.8.1. 3GPP Standards Release for LTE, 3GPP Release 8, 2008
3.8.2. Citizens Broadband Radio Service (CRBS) Alliance Baseline Standards
3.8.3. The MulteFire Release 1.0 Specification
3.8.4. ITU Y.3101 Standard (Requirements of the IMT-2020 network (5G))
3.8.5. Recommendations and action plan for 5G roadmap by Steering Committee, India
3.9. Industry impact forces
3.9.1. Growth drivers
3.9.1.1. Growing deployment of private LTE networks in public safety agencies
3.9.1.2. Extensive usage of LTE technology in smart cities applications
3.9.1.3. Enhanced efficiency through secure control of operations
3.9.1.4. Increasing adoption of private LTE networks to efficiently manage autonomous systems remotely
3.9.1.5. Lower latency and high bandwidth
3.9.2. Industry Pitfalls and Challenges
3.9.2.1. Interoperability Issues
3.9.2.2. High deployment cost
3.10. Porter’s Analysis
3.10.1. Threat of new entrants
3.10.2. Threat of substitutes
3.10.3. Bargaining power of buyer
3.10.4. Bargaining power of supplier
3.10.5. Industry rivalry
3.11. PESTEL analysis
3.12. Growth potential analysis

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Vehicular routers in the private LTE market are projected to grow at a CAGR of over 32% over the forecast timeline. The private LTE market growth is driven by their ability to provide fast and reliable wireless connectivity for deployments where wired options are too expensive. These routers enable seamless connectivity and are crucial for enabling various applications such as fleet management, video surveillance and monitoring of connected mobile assets.

The mining sector is estimated to register an impressive CAGR of over 33% in the private LTE market between 2018 and 2024. The technology helps the industry in automating key mining functions to gain operational efficiencies. These networks offer the low latency needed to operate the autonomous systems such as drills and drones in harsh, remote environments.

The private LTE market in Europe is projected to grow at a CAGR of over 30% from 2018 to 2024. The private LTE market growth is driven by the huge investments in private LTE and 5G-ready networks that ensure improved connectivity and provide wider coverage. For instance, in January 2018, French mobile telephone operators planned to invest USD 3.7 billion to introduce 4G network to remove the coverage gaps by 2020. The operators including Orange, SFR, Bouygues Telecom and Iliad’s Free Mobile have planned to install 5,000 masts and antennas and ensure network coverage along 30,000km of rail tracks. Various efforts made towards the testing of 5G-ready networks will contribute towards the growth of the private LTE networks.

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Substantive use of LTE connectivity for ensuring digital and standardized work output in the industrial as well as the defense sectors is likely to propel the product demand over the years ahead. On-going changes in the telecommunication technologies to enhance the network connectivity will further stimulate the industry trends. As per estimates, with the surging acceptance for network connectivity across various application sectors, private LTE market is poised to surpass a revenue collection of USD 11 billion by the end of 2024.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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