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Report Overview
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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 Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global market for private LTE attained a value of approximately USD 5.82 billion.
The market is projected to grow at a CAGR of 10.60% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034, reaching a value of around USD 14.47 billion by 2034.
The major market drivers include increasing digitalisation, especially in emerging economies, growing demand for cost-efficient high-speed internet services, and policies of various governments to develop infrastructure for private LTE.
The key private LTE market trends guiding the growth of the market include rapid technological advancements and increasing investments by key market players.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant components of private LTE in the market include infrastructure and services.
The different technologies of private LTE in the market include FDD and TDD.
The major deployment models of private LTE are centralised and distributed.
The primary frequency bands of private LTE in the market are licensed, unlicensed, and shared spectrum.
The major industry verticals for private LTE in the market include healthcare, manufacturing, government and defence, energy and utilities, oil and gas, and education, among others.
The major players in the market, according to the report, are 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, and Parallel Wireless Inc, among others.
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