Private LTE Market Research Report - Global Forecast till 2027

Global Private LTE Market Research Report: by Technology (TDD and FDD), by Services (Professional Services and Managed Services), by Professional Services (Consulting Services, Support and Maintenance Services and Integration and Deployment Services), by Spectrum Band (MulteFire, CBRS and LAA), by Application (Worker Safety Monitoring and Remote Diagnostics & Predictive Maintenance) and Region (North America, Asia-Pacific, Europe, the Middle East and Africa and South America) - Forecast till 2027

ID: MRFR/ICT/6485-HCR | February 2021 | Region: Global | 111 pages

Private LTE Market Synopsis:
A private LTE network differs from conventional networks that use connectivity technologies such as Ethernet, and Wi-Fi that offer secure and reliable communications. The private LTE networks enables connectivity for human and machine communications through a single, reliable network that communicate through portable radios and provide new revenue streams for Internet of Things (IoT)-enabled devices.


Advancements in mobile communication technology through the expansion of 4G networks have significantly transformed companies, enterprises, and cities across the world. This has increased the need for dedicated high network capacity and high speed 4G mobile communications capabilities that are provided by the private Long Term Evolution (LTE) networks. These networks enable the enterprises to enhance their operational efficiency and provide innovative network solutions; this eventually increases the need for high quality of services (QoS) to the end-user.


Companies such as Nokia Corporation, LM Ericsson and Qualcomm Technologies Inc. are deploying dedicated private networks for enterprises. For instance, Nokia offers MulteFire and CBRS small cells that allow enterprises to deploy their own private LTE networks. The company provides vMEC a private LTE solution to enterprises that enabled them with edge cloud low latency applications that include analytics, push-to-talk and push-to-video, IoT management, and video orchestration.


Architecture for Local Area Private LTE networks Private LTE Market_Image


Source: Qualcomm Incorporated


Some of the major factors driving the growth of private LTE networks include a surge in demand for unique and defined network qualities, growing deployment of private LTE networks in public safety agencies, adoption of LTE technology in smart cities applications, and emergence of 5G in conjunction with private LTE. On the other hand, the lack of availability of spectrum is expected to hinder the growth of the private LTE market during the review period.


Deploying private LTE networks enable digital transformation across the enterprises, primarily in utilities, mining, oil & gas and increasingly pave a way for 5G mobile technologies during the forecast period.


The global private LTE market was valued at USD 2,449.4 million in 2018 and is expected to register a CAGR of 14.7% during the forecast period to reach USD 5,381.9 million by 2024.  Private LTE Market_Image


Source: MRFR Analysis


Private LTE Market Segmentation:
The global private LTE market has been segmented based on technology, services, spectrum band, application, and industry vertical.


  • Based on the technology, the global private LTE market has been divided into time division duplex (TDD), and frequency division duplex (FDD).

  • Depending on the spectrum band, the private LTE market has been segmented into Licensed Shared Access (LSA), Licensed-Assisted Access (LAA), MulteFire, and Citizens Broadband Radio Service (CBRS).

  • By services, the private LTE market has been categorized as professional services and managed services. The professional services segment has further been divided into consulting services, support and maintenance services, and integration and deployment services.

  • Based on application, the market has been segmented as real-time surveillance, operations visibility and optimization, authentication and access control, worker safety monitoring, remote diagnostics and predictive maintenance, logistics and supply chain management, and asset management and uptime assurance.

  • On the basis of industry vertical, the global private LTE market has been divided into mining, oil & gas, healthcare, utilities and power, industrial manufacturing, government and defense.


Private LTE Market Competitive Analysis:
Most of the vendors operating in the private LTE market are majorly from Europe and the US; these have formed two alliances—Citizens Broadband Radio Service (CBRS) alliance and Multefire alliance. These alliances have been significantly working on licensced and unlicensced spectrum to provide private LTE solutions. Additionally, the vendors profiled follow both organic and inorganic appraoches for offering high-end private LTE solutions for law enforcement agencies, public safety agencies, enterprises and others. For instance, Under these alliances, SAMSUNG and LG are also aiming at recieving approval from the regulatory bodies to deploy CBRS in their smartphone devices such as Samsung Galaxy S10 and LG G8 ThinQ.


Private LTE Market Key Players:
According to MRFR analysis, some of the leading players in the global private LTE market include Nokia Corporation (Finland), LM Ericsson (Sweden), Huawei Technology Co. Ltd (China), Verizon (US), Cisco Systems, Inc. (US), SAMSUNG (South Korea), Qualcomm Incorporated (US), ARRIS International Limited (US), Sierra Wireless (Canada), Future Technologies, LLC (US), Boingo Wireless, Inc (US), Casa Systems (US), General Dynamics Mission Systems, Inc (US).and NetNumber Inc. (Netherlands).


Apart from these, some other vendors that operate in private LTE market include LEMKO Corporation (US), PDVWIRELESS (US), Quortus Limited (UK), Ambra Solutions Inc. (Canada), Zinwave (US), Athonet SRL (Italy), Mavenir (US), and Star Solutions (Canada).


Private LTE Market Regional Analysis:
Geographically, the global private LTE market has been categorized as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.


North America accounted for the largest market share in 2018. Europe achieved second spot in the private LTE market in terms of market share during the assessment period. However, Asia-Pacific is expected to be the fastest growing market during the forecast period.


North America dominated the global private LTE market in 2018 and expected to dominate the market during the forecast period.  The market growth is attributed to rising developments by the vendors to develop high-end LTE solutions and increasing government initatives to provide CBRS spectrum for the vendors to deploy networking solution for government, commerical and public safety agencies.


Asia-Pacific is expected to be the fastest growing segment in the private LTE market during the assessment period. The market growth is attributed to the rising government initatives to develop smart cities and heavy investments by the vendors such as China Telecom, China Mobile, and NTT Docomo to offer a robust network services to the end users.


Intended Audience:



  • Private LTE solutions providers

  • OEMs, and Systems integrators

  • Local/Government Agencies

  • MNO, MVNO operators

  • Telecom Service Providers

  • Value-added Resellers

  • Research Firms

  • Software Vendors



Report Scope:
Report Attribute/Metric Details
  Market Size

  • USD 2,449.4 Million (2018)
  • USD 5,381.9 Million (2024)
  •   CAGR   14.7% (2018-2024)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   by Technology, by Services, by Professional Services
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Nokia Corporation (Finland), LM Ericsson (Sweden), Qualcomm Incorporated (US), ARRIS International Limited (US), Sierra Wireless (Canada), Future Technologies, LLC (US), Boingo Wireless, Inc (US), Verizon (US), Cisco Systems, Inc. (US), SAMSUNG (South Korea), Casa Systems (US), General Dynamics Mission Systems, Inc. (US), Huawei Technology Co. Ltd (China), and NetNumber Inc. (Netherlands).
      Key Market Opportunities

  • Advancements in mobile communication technology through the expansion of 4G networks have significantly transformed companies, enterprises, and cities across the world. \r\n
  • This has increased the need for dedicated high network capacity and high speed 4G mobile communications capabilities that are provided by the private Long Term Evolution (LTE) networks.
  •   Key Market Drivers   The major factors driving the growth of private LTE networks include a surge in demand for unique and defined network qualities, growing deployment of private LTE networks in public safety agencies, adoption of LTE technology in smart cities applications, and emergence of 5G in conjunction with private LTE.


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    Frequently Asked Questions (FAQ) :


    The private LTE market can thrive at 14.7% CAGR by 2024.

    The private LTE market can value at USD 5,381.95 Mn by 2024.

    Sierra Wireless (Canada), ARRIS International Limited (US), and Future Technologies, LLC (US) are some reputed names in the private LTE market.

    operations visibility and optimization, real-time surveillance, and authentication and access control are some of the applications of private LTE.

    The high rate of adoption of private LTE by the IT industry can propel the North America market.

    The deployment of private LTE networks in public safety agencies, adoption of LTE technology in smart cities applications, and emergence of 5G in conjunction with private LTE. On the other hand, the lack of availability of spectrum is expected to hinder the growth of the private LTE market.