Private LTE Market Size in Vehicular routers Segmnet is Projected to Grow at a CAGR over 32% By 2024

Vehicular routers in the private LTE market are projected to grow at a CAGR of over 32% over the forecast timeline. The 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.

Key participants are
• Nokia
• AT&T
• Qualcomm
• Motorola
• Huawei
• Ericsson
• Future Technologies
• ZTE
• Verizon
• Samsung
• Casa Systems
• Druid Software
• Cisco

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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.

Another factor accelerating the private LTE market growth is the tremendous increase in the number of connected devices and sensors that utilize the dedicated networks to meet the communication and networking requirements of the smart city applications. The applications including, smart transportation, smart lighting, waste management, and smart roads are expected to drive the demand for next-generation networks such as LTE-A and 5G to support the networking requirements in terms of reliability, interoperability and security.

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3. Private LTE Industry 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

Private LTE market is projected to surpass USD 11 billion by 2024. These networks are becoming extensively popular for private and industrial environments as they offer faster network speeds, high-bandwidth and better security. Private LTE has become a preferable approach as compared to enterprise-class Wi-Fi and commercial carrier LTE networks. By deploying a high-speed dedicated network, enterprises can enhance their operational efficiency and reduce CAPEX costs.

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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 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.

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