The private LTE network market is anticipated to expand at a healthy CAGR over the forecast period (2018 to 2023); according to a report available on Radiant Insights, Inc. growing necessity for wireless communication networks offering high capacity and speed, particularly in China and around the world is anticipated to propel demand for private long-term evolution (LTE) networks. Such networks can deliver low latency, seamless mobility, over-the-air encryption, high efficiency, and improved bandwidth support.
Rising demand for broadband networks providing high internet speed is anticipated to propel growth of the market for private LTE in the coming years. Increasing adoption of isolated networks in enterprises owing to prevalence of cybercrimes can stimulate growth of the market. Low latency and high throughput from LTE networks are expected to impel market growth over the forecast period. Demand for better spectrum utilization owing to increasing number of mobile phone users can spur growth of the market.
Preference for reduced operating costs and high productivity in manufacturing industries can also foster market expansion during the forecast period. However, requirement for licensed spectrum for deployment of private LTE network is likely to hinder growth of the market in the forthcoming years.
The report “Global and Chinese Private LTE Network Industry, 2018 Market Research Report” is available now at https://www.radiantinsights.com/research/global-and-chinese-private-lte-network-industry-2018
The private LTE network can be segregated on the basis of product type, application, and regions. Based on product type, the LTE network market can be bifurcated into long-term evolution time division duplex (LTE-TDD) and long-term evolution frequency division duplex (LTE-FDD).Based on application, the market can be divided into enterprises, manufacturing units, transportation, energy, military, and healthcare.
Regional segmentation includes North America, Asia Pacific, Europe, and MEA. In North America, the market for private LTE network is expected to grow at a significant rate over the forecast period. High adoption of LTE networks among enterprises to avail excellent mobile broadband services is the primary market driver. For instance, Netsia in collaboration with Telefonica are likely to be working together on deployment of private LTE network for a hospital. This network is expected to be based on network slicing. The technology can allow Telefonica to divide spectrum just for this particular network.
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In Europe, the private LTE network market can witness remarkable growth in the coming years owing to pairing between dedicated private mobile core platforms and commercial LTE networks to offer superior mobile broadband services to public safety subscribers. For instance, Nokia and Deutsche Telekom recently completed installation of 300 LTE network base stations in around 30 European countries. British Airways is expected to be the first commercial customer to use European Aviation Network (EAN), world’s first dedicated aviation connectivity solution combining space with ground-based components.
In Asia Pacific, the LTE network market can contribute to maximum revenue share during next few years owing to increasing adoption of safe LTE networks by multiple industries in the region. Favorable government initiatives towards public safety sector in China are likely to propel demand for private LTE networks in the region. For instance, China Unicom recently announced that it can use Nokia’s AirGile to provide VoLTE and VoWi-Fi to its customers.
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In MEA, the private LTE network market is predicted to grow well in the coming years owing to rising demand from local enterprises to manage production-critical automation and mobility requirements in the region. For instance, MTN recently completed its very first commercial Licensed Assisted Access (LAA) deployment in South Africa in collaboration with Huawei and Qualcomm Technologies. It is likely to be an unlicensed technology to support global operators against spectrum shortage. The technology can enable LTE networks to utilize unlicensed spectrum and increase their network capacity.
Some of the leading companies offering private LTE networks are Huawei, Qualcomm, MTN, Nokia, and Softbank. Most market players are increasingly focusing on novel and innovative developments in LTE networks whether individually or in collaboration. For instance, Qualcomm recently unveiled Snapdragon X24, world’s first 2GB per second 4G/LTE modem device.
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