According to a research report "Private LTE Market by Component (Infrastructure and Services), Technology (FDD and TDD), Deployment Model (Centralized and Distributed), Frequency Band (Licensed, Unlicensed, and Shared Spectrum), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets, size is projected to grow from USD 4.0 billion in 2020 to USD 7.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period. Major factors such as the need for unique and defined network quality are expected to drive the growth of the global private LTE market. However, the fragmented spectrum may limit the market growth.
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TDD segment to grow at a higher CAGR during
the forecast period
TDD is used with data
transmissions (data or digitized voice). The LTE-TDD mode is complementary and
the perfect choice for providing high-speed mobile broadband access in an
unpaired spectrum. Several operators have deployed both FDD and TDD modes in
their networks. LTE-TDD also provides a path for Time Division Synchronous Code
Division Multiple Access (TD-SCDMA).
Driver: Availability of unlicensed spectrums
such as CBRS and MulteFire bands
Enterprises can use
licensed and unlicensed spectrums to deploy private LTE networks globally.
Vendors have developed chipsets, infrastructure components, and Customer
Premises Equipment (CPE) that enable private LTE networks to run in two
unlicensed frequency bands: 5 GHz and 3.5 GHz. In the US, the 3.5 GHz is a part
of the Citizens Broadband Radio Service (CBRS) band and MulteFire function in a
5 GHz band across the globe except for the US. The availability of unlicensed
bands can pave the way for enterprises to deploy private LTE networks quickly
without the intervention of Mobile Network Operators (MNOs), who own these
license spectrum bands.
Opportunity: Emergence of industrial and
commercial IoT
Organizations across various verticals
are consistently trying to increase the use of IoT for automating their
processes and increasing the throughput. Hence, the proliferation of IoT and
associated technologies would create numerous opportunities for the private LTE
market. The private LTE network allows users to integrate diverse sensors,
machines, people, vehicles, and other devices across a wide range of
applications and usage circumstances. Any private LTE network takes care of
issues, such as reliability, service quality, security, and compliance.
Companies such as Nokia, Samsung, and Cisco are some of the major players that
are working toward the incorporation of private LTE networks in IoT. IIoT is
another major use case in the private LTE market
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This research study outlines the market potential, market
dynamics, and major vendors operating in the private LTE market. Key and
innovative vendors in the private LTE market include Nokia( Finland), Ericsson
(Sweden), Huawei (China), ZTE(China), NEC(Japan), Affirmed Networks(US),
Athonet,(Italy) Samsung (South Korea), Redline communications(Canada), Airspan
(US), Boingo Wireless (US), ASOCS (Israel), Casa Systems (US), Cisco (US),
Comba (Hong Kong), CommScope (US), Druid Software (Ireland), ExteNet Systems
(US), Fujitsu (Japan), Lemko (US), Mavenir(US), Quortus (UK), Star Solutions
(Canada), Tecore (US), Telrad Networks (Israel), Wireless Excellence (UK),
Accelleran (Belgium), Air-Lynx (France), Altiostar (US), Amarisoft (France),
Baicells Technologies (US), Celona (US), IPLOOK (Hong Kong), JMA Wireless (US),
Parallel Wireless (US), Phluido (US), NetNumber (US), JI Technology(Japan),
Verizon (US), Sierra Wireless (Canada), Future Technologies (US), Ambra
Solutions(Canada), URSYS (Australia), Geoverse (US), and Cradlepoint (US).
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