Private LTE Market to exceed US$ 11.1 billion by 2030

    Published on 05-Jan-2024
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    Report : Private LTE Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Solution and Services (Professional Services and Managed Services)], Type (FDD and TDD), and End-User (Manufacturing, Energy & Utilities, Healthcare, Transportation, Mining, and Others)

    According to our latest study on "Private LTE Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Component, Type, and End-User," the private LTE market size was valued at US$ 5.1 billion in 2022 and is expected to reach US$ 11.1 billion by 2030. The private LTE market is estimated to record a CAGR of 10.2% from 2022 to 2030.

    Emergence of New Industrial and Residential Use Cases to Provide Lucrative Opportunities for Private LTE Market Growth During Forecast Period

    The advent of private LTE has brought many new use cases for industrial and residential uses that are anticipated to be enabled by evolving networks over the years. Fixed Wireless Access (FWA) for residential use and distributed cloud for industries could be examples of this kind. A market competing with fixed broadband access is driving a need for higher bandwidth. The objective is to provide fiber-like speeds that meet the demand for residential streaming services, such as TV and video. Typical data speed demand ranges from 100 to 4,000 Mbps. However, there is a limited business case to provide fixed broadband alternatives. Specific data speed demand ranges from 50 to 200 Mbps.

    Networks are evolving to handle utilize cases with different demands on integrity, mobility, data rates, latency, scalability, security, reliability, and availability. Such requests can be met by distributed cloud architecture, which enables application deployment at distributed, central, and edge sites to meet specific use case requirements. Compared to what is possible from major sites, providing services closer to the user reduces the network transport delay and enables faster time to action, content, and control. Executing workloads closer to the network edge also reduces the need for backhaul bandwidth and capacity, and the distribution of workloads and storage over multiple sites increases availability. Overall, the emergence of these new use cases is making private LTE a more attractive option for a wider range of industries and individuals. As the technology matures and becomes more cost-effective, more innovative applications are expected to emerge, further fueling the private LTE market growth.

    Key Findings of Private LTE Market Study:

    The global private LTE market is segmented based on component, type, end user, and geography. Based on component, the private LTE market is segmented into solutions and services. In terms of type, the private LTE market is segmented into FDD and TDD. Based on end-user, the market is segmented into manufacturing, energy & utilities, healthcare, transportation, mining, and others. In terms of geography, the global private LTE market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

    Based on type, the private LTE market is segmented into FDD and TDD. The FDD segment holds the largest private LTE market share in 2022. LTE networks, which are shared by many users, FDD private LTE networks offer dedicated connectivity and control, making them ideal for applications that require high security, reliability, and low latency. Such benefits of FDD foster the segment private LTE market share. FDD uses a paired symmetrical spectrum segment for the downlink and uplink channels that come from a migration path of the 3G network. It requires two separate communication channels. FDD has a broad adoption in cellular telephone systems. In some of the plans, the 25-MHz band from 869 to 894 MHz is utilized as the downlink (DL) spectrum from the cell site tower to the handset and the 25-MHz band from 824 to 849 MHz is utilized as the uplink (UL) spectrum from the handset to cell site.

    TDD (time division duplex) does not require a paired spectrum, as transmission and reception occur via the same channel. It has a low hardware cost as no diplexer is needed to isolate the receiver and transmitter. The propagation is the same in both directions. Due to the high-speed data quality, the communicating parties cannot assume that the transmissions are intermittent. The transmissions are concurrent instead of simultaneous. Due to the low cost and fast transmission, the adoption of TDD is expected to be high during the forecast period, which will foster the segment's private LTE market share.

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