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Private LTE and 5G Network Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030
Market Report I 2023-10-20 I 400 Pages I Infinium Global Research and Consulting Solutions
The report on the global private LTE and 5G network market provides qualitative and quantitative analysis for the period from 2021-2030. The global private LTE and 5G network market was valued at USD 4.42 billion in 2023 and is expected to reach USD 25.66 billion in 2030, with a CAGR of 21.46% during the forecast period 2023-2030. The study on private LTE and 5G network market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.
The private LTE and 5G network market is a specialized sector within the telecommunications industry. It offers wireless communication networks using LTE (Long-Term Evolution) and 5G (fifth generation) cellular technologies. These networks are distinct from the conventional public cellular networks managed by telecommunications carriers. These are custom-designed to meet the unique connectivity requirements of specific organizations or enterprises. The market's scope extends to a wide array of elements, including hardware, software, services, and solutions essential for planning, implementing, operating, and maintaining private LTE and 5G networks. The primary clientele for private LTE and 5G networks comprises enterprises, industries, and organizations hailing from diverse sectors such as manufacturing, logistics, healthcare, utilities, public safety, transportation, and smart cities. Private LTE and 5G networks are exclusively owned and operated by the entity or organization deploying them. It provides complete control over network management, configuration, and security, offering a tailored approach to connectivity needs. The private LTE and 5G network market is driven by increasing demand for high-speed, low-latency connectivity. Private LTE and 5G networks provide ultra-fast data speeds and low latency, making them ideal for applications that require real-time communication, such as industrial automation, autonomous vehicles, and telemedicine. Moreover, the adoption of IIoT and Industry 4.0 technologies in manufacturing, logistics, and other industries is fueling the need for robust, high-capacity networks to connect and manage a growing number of devices and sensors is responsible for driving the market growth.
The 5G segment is expected to hold the prominent share in the private LTE and 5G network market over the forecast period owing to the several significance such as advanced capabilities, low latency, network slicing, and others. 5G is the latest and most advanced generation of cellular technology, offering significant improvements in terms of speed, capacity, and latency compared to LTE. It provides data rates that are several times faster than 4G LTE, making it highly suitable for data-intensive applications. Moreover, one of the defining features of 5G is its ultra-low latency, which can be as low as 1 millisecond. This low latency is crucial for real-time applications, such as autonomous vehicles, remote control of machinery, and augmented reality, which are central to Industry 4.0 and the Industrial Internet of Things (IIoT). Additionally, 5G introduces network slicing, allowing network operators to create multiple virtual networks on a single physical infrastructure. This capability enables organizations to customize their networks to meet specific requirements, ensuring efficient resource allocation for diverse use cases. Manufacturers are focusing on advancements in the 5G segment. For instance, In Feb 2023, Intel Corp. incorporated virtual radio access network acceleration into its most recent 4th Gen Intel Xeon system-on-chip, aiding network operators in preparing to provide cloud-native functionalities for the upcoming generation of 5G core and edge networks.
The Asia Pacific region is projected to lead the market with the most prominent market share owing to various factors such as robust economic growth, its status as a manufacturing powerhouse, the implementation of smart city initiatives, and others. Over the past few decades, Asia Pacific has consistently experienced strong economic expansion, resulting in increased industrialization, urbanization, and infrastructure development, which generate significant demand for advanced communication networks. Furthermore, Asia Pacific serves as a global manufacturing center, housing many of the world's largest manufacturing firms. These industries are rapidly embracing Industry 4.0 and IIoT technologies, fueling the requirement for private LTE and 5G networks to support automation, robotics, and data-intensive processes. Additionally, numerous cities across the Asia Pacific are actively pursuing smart city initiatives to enhance urban infrastructure, transportation, healthcare, and public safety. These initiatives heavily rely on high-speed, low-latency networks, making private LTE and 5G networks an indispensable component.
Report Findings
1) Drivers
- The private LTE and 5G network market is driven by increasing demand for high-speed, low-latency connectivity.
- The adoption of IIoT and Industry 4.0 technologies is responsible for the market growth.
2) Restraints
- The high initial deployment costs is restraining the market growth.
3) Opportunities
- Industrial automation and Industry 4.0 present a significant opportunity for the private LTE and 5G network market.
Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from the industry
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global private LTE and 5G network market is segmented on the basis of type, application, industry vertical, component type, frequency, and network spectrum.
The Global Private LTE and 5G Network Market by Type
- Private LTE
- 5G
The Global Private LTE and 5G Network Market by Application
- Real-time Surveillance
- Operations Visibility and Optimization
- Authentication and Access Control
- Worker Safety Monitoring
- Remote Diagnostics and Predictive Maintenance
- Asset Management
The Global Private LTE and 5G Network Market by Industry Vertical
- Industrial Manufacturing
- Utilities and Electrical Power
- Public Venues
- Healthcare
- Supply Chain
- Natural Resources
- Defence
The Global Private LTE and 5G Network Market by Component Type
- Hardware
- Software
- Services
The Global Private LTE and 5G Network Market by Frequency
- Sub- 6 GHz
- Mm wave
The Global Private LTE and 5G Network Market by Network Spectrum
- Licenced
- Unlicensed
Company Profiles
The companies covered in the report include
- Huawei Technologies Co., Ltd.
- Intel Corporation
- IP Access International
- Mavenir
- MECSware GmbH
- NEC Corporation
- netnumber Global Data Services
- Nokia Network
- Qualcomm Technologies, Inc.
- Aviat Networks, Inc.
What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the private LTE and 5G network market.
2. Complete coverage of all the segments in the private LTE and 5G network market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global private LTE and 5G network market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Private LTE and 5G Network Market Highlights
2.2. Private LTE and 5G Network Market Projection
2.3. Private LTE and 5G Network Market Regional Highlights
Chapter 3. Global Private LTE and 5G Network Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Type
3.4.2. IGR-Growth Matrix Analysis by Application
3.4.3. IGR-Growth Matrix Analysis by Industry Vertical
3.4.4. IGR-Growth Matrix Analysis by Component Type
3.4.5. IGR-Growth Matrix Analysis by Frequency
3.4.6. IGR-Growth Matrix Analysis by Network Spectrum
3.4.7. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Private LTE and 5G Network Market
Chapter 4. Private LTE and 5G Network Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Private LTE and 5G Network Market
5.2. Companies Profiles
5.2.1. Huawei Technologies Co., Ltd.
5.2.2. Intel Corporation
5.2.3. IP Access International
5.2.4. Mavenir
5.2.5. MECSware GmbH
5.2.6. NEC Corporation
5.2.7. netnumber Global Data Services
5.2.8. Nokia Network
5.2.9. Qualcomm Technologies, Inc.
5.2.10. Aviat Networks, Inc.
Chapter 6. Global Private LTE and 5G Network Market by Type
6.1. Private LTE
6.2. 5G
Chapter 7. Global Private LTE and 5G Network Market by Application
7.1. Real-time Surveillance
7.2. Operations Visibility and Optimization
7.3. Authentication and Access Control
7.4. Worker Safety Monitoring
7.5. Remote Diagnostics and Predictive Maintenance
7.6. Asset Management
Chapter 8. Global Private LTE and 5G Network Market by Industry Vertical
8.1. Industrial Manufacturing
8.2. Utilities and Electrical Power
8.3. Public Venues
8.4. Healthcare
8.5. Supply Chain
8.6. Natural Resources
8.7. Defence
Chapter 9. Global Private LTE and 5G Network Market by Component Type
9.1. Hardware
9.2. Software
9.3. Services
Chapter 10. Global Private LTE and 5G Network Market by Frequency
10.1. Sub- 6 GHz
10.2. Mm wave
Chapter 11. Global Private LTE and 5G Network Market by Network Spectrum
11.1. Licenced
11.2. Unlicensed
Chapter 12. Global Private LTE and 5G Network Market by Region 2023-2030
12.1. North America
12.1.1. North America Private LTE and 5G Network Market by Type
12.1.2. North America Private LTE and 5G Network Market by Application
12.1.3. North America Private LTE and 5G Network Market by Industry Vertical
12.1.4. North America Private LTE and 5G Network Market by Component Type
12.1.5. North America Private LTE and 5G Network Market by Frequency
12.1.6. North America Private LTE and 5G Network Market by Network Spectrum
12.1.7. North America Private LTE and 5G Network Market by Country
12.1.7.1. The U.S. Private LTE and 5G Network Market
12.1.7.1.1. The U.S. Private LTE and 5G Network Market by Type
12.1.7.1.2. The U.S. Private LTE and 5G Network Market by Application
12.1.7.1.3. The U.S. Private LTE and 5G Network Market by Industry Vertical
12.1.7.1.4. The U.S. Private LTE and 5G Network Market by Component Type
12.1.7.1.5. The U.S. Private LTE and 5G Network Market by Frequency
12.1.7.1.6. The U.S. Private LTE and 5G Network Market by Network Spectrum
12.1.7.2. Canada Private LTE and 5G Network Market
12.1.7.2.1. Canada Private LTE and 5G Network Market by Type
12.1.7.2.2. Canada Private LTE and 5G Network Market by Application
12.1.7.2.3. Canada Private LTE and 5G Network Market by Industry Vertical
12.1.7.2.4. Canada Private LTE and 5G Network Market by Component Type
12.1.7.2.5. Canada Private LTE and 5G Network Market by Frequency
12.1.7.2.6. Canada Private LTE and 5G Network Market by Network Spectrum
12.1.7.3. Mexico Private LTE and 5G Network Market
12.1.7.3.1. Mexico Private LTE and 5G Network Market by Type
12.1.7.3.2. Mexico Private LTE and 5G Network Market by Application
12.1.7.3.3. Mexico Private LTE and 5G Network Market by Industry Vertical
12.1.7.3.4. Mexico Private LTE and 5G Network Market by Component Type
12.1.7.3.5. Mexico Private LTE and 5G Network Market by Frequency
12.1.7.3.6. Mexico Private LTE and 5G Network Market by Network Spectrum
12.2. Europe
12.2.1. Europe Private LTE and 5G Network Market by Type
12.2.2. Europe Private LTE and 5G Network Market by Application
12.2.3. Europe Private LTE and 5G Network Market by Industry Vertical
12.2.4. Europe Private LTE and 5G Network Market by Component Type
12.2.5. Europe Private LTE and 5G Network Market by Frequency
12.2.6. Europe Private LTE and 5G Network Market by Network Spectrum
12.2.7. Europe Private LTE and 5G Network Market by Country
12.2.7.1. Germany Private LTE and 5G Network Market
12.2.7.1.1. Germany Private LTE and 5G Network Market by Type
12.2.7.1.2. Germany Private LTE and 5G Network Market by Application
12.2.7.1.3. Germany Private LTE and 5G Network Market by Industry Vertical
12.2.7.1.4. Germany Private LTE and 5G Network Market by Component Type
12.2.7.1.5. Germany Private LTE and 5G Network Market by Frequency
12.2.7.1.6. Germany Private LTE and 5G Network Market by Network Spectrum
12.2.7.2. United Kingdom Private LTE and 5G Network Market
12.2.7.2.1. United Kingdom Private LTE and 5G Network Market by Type
12.2.7.2.2. United Kingdom Private LTE and 5G Network Market by Application
12.2.7.2.3. United Kingdom Private LTE and 5G Network Market by Industry Vertical
12.2.7.2.4. United Kingdom Private LTE and 5G Network Market by Component Type
12.2.7.2.5. United Kingdom Private LTE and 5G Network Market by Frequency
12.2.7.2.6. United Kingdom Private LTE and 5G Network Market by Network Spectrum
12.2.7.3. France Private LTE and 5G Network Market
12.2.7.3.1. France Private LTE and 5G Network Market by Type
12.2.7.3.2. France Private LTE and 5G Network Market by Application
12.2.7.3.3. France Private LTE and 5G Network Market by Industry Vertical
12.2.7.3.4. France Private LTE and 5G Network Market by Component Type
12.2.7.3.5. France Private LTE and 5G Network Market by Frequency
12.2.7.3.6. France Private LTE and 5G Network Market by Network Spectrum
12.2.7.4. Italy Private LTE and 5G Network Market
12.2.7.4.1. Italy Private LTE and 5G Network Market by Type
12.2.7.4.2. Italy Private LTE and 5G Network Market by Application
12.2.7.4.3. Italy Private LTE and 5G Network Market by Industry Vertical
12.2.7.4.4. Italy Private LTE and 5G Network Market by Component Type
12.2.7.4.5. Italy Private LTE and 5G Network Market by Frequency
12.2.7.4.6. Italy Private LTE and 5G Network Market by Network Spectrum
12.2.7.5. Rest of Europe Private LTE and 5G Network Market
12.2.7.5.1. Rest of Europe Private LTE and 5G Network Market by Type
12.2.7.5.2. Rest of Europe Private LTE and 5G Network Market by Application
12.2.7.5.3. Rest of Europe Private LTE and 5G Network Market by Industry Vertical
12.2.7.5.4. Rest of Europe Private LTE and 5G Network Market by Component Type
12.2.7.5.5. Rest of Europe Private LTE and 5G Network Market by Frequency
12.2.7.5.6. Rest of Europe Private LTE and 5G Network Market by Network Spectrum
12.3. Asia Pacific
12.3.1. Asia Pacific Private LTE and 5G Network Market by Type
12.3.2. Asia Pacific Private LTE and 5G Network Market by Application
12.3.3. Asia Pacific Private LTE and 5G Network Market by Industry Vertical
12.3.4. Asia Pacific Private LTE and 5G Network Market by Component Type
12.3.5. Asia Pacific Private LTE and 5G Network Market by Frequency
12.3.6. Asia Pacific Private LTE and 5G Network Market by Network Spectrum
12.3.7. Asia Pacific Private LTE and 5G Network Market by Country
12.3.7.1. China Private LTE and 5G Network Market
12.3.7.1.1. China Private LTE and 5G Network Market by Type
12.3.7.1.2. China Private LTE and 5G Network Market by Application
12.3.7.1.3. China Private LTE and 5G Network Market by Industry Vertical
12.3.7.1.4. China Private LTE and 5G Network Market by Component Type
12.3.7.1.5. China Private LTE and 5G Network Market by Frequency
12.3.7.1.6. China Private LTE and 5G Network Market by Network Spectrum
12.3.7.2. Japan Private LTE and 5G Network Market
12.3.7.2.1. Japan Private LTE and 5G Network Market by Type
12.3.7.2.2. Japan Private LTE and 5G Network Market by Application
12.3.7.2.3. Japan Private LTE and 5G Network Market by Industry Vertical
12.3.7.2.4. Japan Private LTE and 5G Network Market by Component Type
12.3.7.2.5. Japan Private LTE and 5G Network Market by Frequency
12.3.7.2.6. Japan Private LTE and 5G Network Market by Network Spectrum
12.3.7.3. India Private LTE and 5G Network Market
12.3.7.3.1. India Private LTE and 5G Network Market by Type
12.3.7.3.2. India Private LTE and 5G Network Market by Application
12.3.7.3.3. India Private LTE and 5G Network Market by Industry Vertical
12.3.7.3.4. India Private LTE and 5G Network Market by Component Type
12.3.7.3.5. India Private LTE and 5G Network Market by Frequency
12.3.7.3.6. India Private LTE and 5G Network Market by Network Spectrum
12.3.7.4. South Korea Private LTE and 5G Network Market
12.3.7.4.1. South Korea Private LTE and 5G Network Market by Type
12.3.7.4.2. South Korea Private LTE and 5G Network Market by Application
12.3.7.4.3. South Korea Private LTE and 5G Network Market by Industry Vertical
12.3.7.4.4. South Korea Private LTE and 5G Network Market by Component Type
12.3.7.4.5. South Korea Private LTE and 5G Network Market by Frequency
12.3.7.4.6. South Korea Private LTE and 5G Network Market by Network Spectrum
12.3.7.5. Australia Private LTE and 5G Network Market
12.3.7.5.1. Australia Private LTE and 5G Network Market by Type
12.3.7.5.2. Australia Private LTE and 5G Network Market by Application
12.3.7.5.3. Australia Private LTE and 5G Network Market by Industry Vertical
12.3.7.5.4. Australia Private LTE and 5G Network Market by Component Type
12.3.7.5.5. Australia Private LTE and 5G Network Market by Frequency
12.3.7.5.6. Australia Private LTE and 5G Network Market by Network Spectrum
12.3.7.6. Rest of Asia-Pacific Private LTE and 5G Network Market
12.3.7.6.1. Rest of Asia-Pacific Private LTE and 5G Network Market by Type
12.3.7.6.2. Rest of Asia-Pacific Private LTE and 5G Network Market by Application
12.3.7.6.3. Rest of Asia-Pacific Private LTE and 5G Network Market by Industry Vertical
12.3.7.6.4. Rest of Asia-Pacific Private LTE and 5G Network Market by Component Type
12.3.7.6.5. Rest of Asia-Pacific Private LTE and 5G Network Market by Frequency
12.3.7.6.6. Rest of Asia-Pacific Private LTE and 5G Network Market by Network Spectrum
12.4. RoW
12.4.1. RoW Private LTE and 5G Network Market by Type
12.4.2. RoW Private LTE and 5G Network Market by Application
12.4.3. RoW Private LTE and 5G Network Market by Industry Vertical
12.4.4. RoW Private LTE and 5G Network Market by Component Type
12.4.5. RoW Private LTE and 5G Network Market by Frequency
12.4.6. RoW Private LTE and 5G Network Market by Network Spectrum
12.4.7. RoW Private LTE and 5G Network Market by Sub-region
12.4.7.1. Latin America Private LTE and 5G Network Market
12.4.7.1.1. Latin America Private LTE and 5G Network Market by Type
12.4.7.1.2. Latin America Private LTE and 5G Network Market by Application
12.4.7.1.3. Latin America Private LTE and 5G Network Market by Industry Vertical
12.4.7.1.4. Latin America Private LTE and 5G Network Market by Component Type
12.4.7.1.5. Latin America Private LTE and 5G Network Market by Frequency
12.4.7.1.6. Latin America Private LTE and 5G Network Market by Network Spectrum
12.4.7.2. Middle East Private LTE and 5G Network Market
12.4.7.2.1. Middle East Private LTE and 5G Network Market by Type
12.4.7.2.2. Middle East Private LTE and 5G Network Market by Application
12.4.7.2.3. Middle East Private LTE and 5G Network Market by Industry Vertical
12.4.7.2.4. Middle East Private LTE and 5G Network Market by Component Type
12.4.7.2.5. Middle East Private LTE and 5G Network Market by Frequency
12.4.7.2.6. Middle East Private LTE and 5G Network Market by Network Spectrum
12.4.7.3. Africa Private LTE and 5G Network Market
12.4.7.3.1. Africa Private LTE and 5G Network Market by Type
12.4.7.3.2. Africa Private LTE and 5G Network Market by Application
12.4.7.3.3. Africa Private LTE and 5G Network Market by Industry Vertical
12.4.7.3.4. Africa Private LTE and 5G Network Market by Component Type
12.4.7.3.5. Africa Private LTE and 5G Network Market by Frequency
12.4.7.3.6. Africa Private LTE and 5G Network Market by Network Spectrum
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