Private LTE Market Research Report Information by Technology (Frequency Division Duplexing, Time Division Duplexing), Services (Managed Services and Professional Services (Consulting, Integration, Deployment, Support, Maintenance), Application (Real time Surveillance, Operations Visibility, Optimizations, Authentication, Access Control, Asset Management and Uptime Assurance, Worker Safety Monitoring, Remote Diagnostics), Vertical (Manufacturing, Defense, Energy & Utilities, Transportation, Mining, Healthcare) Regions - Forecast Till 2032

Private LTE Market Summary

As per Market Research Future Analysis, the Private LTE Market is poised for significant growth, expanding from USD 6,485.6 million in 2023 to USD 19,252.4 million by 2032, reflecting a robust CAGR of 12.84% during the forecast period from 2024 to 2032. The market's expansion is driven by the increasing demand for specialized network capabilities, particularly in smart city applications, where private LTE networks are essential for managing IoT devices and ensuring network security. The COVID-19 pandemic has not hindered growth, as public and private sectors are collaborating to enhance LTE infrastructure. However, challenges such as supply chain disruptions due to the pandemic and geopolitical tensions from the Russia-Ukraine war have introduced uncertainties in the market landscape.

Key Market Trends & Highlights

Key trends influencing the Private LTE Market include advancements in technology and increasing adoption across various sectors.

• Private LTE Market size in 2024: USD 7,322.24 million; projected to reach USD 19,252.4 million by 2032.
• Frequency Division Duplexing (FDD) dominated the market in 2022, preferred for its efficiency in symmetric traffic.
• Manufacturing sector held the largest market share in 2022, leveraging private LTE for enhanced operational efficiency.
• North America accounted for USD 2,348.67 million in 2021, driven by high 5G penetration and AI integration.

Market Size & Forecast

2023 Market Size: USD 6,485.6 million

2024 Market Size: USD 7,322.24 million

2032 Market Size: USD 19,252.4 million

CAGR: 12.84%

Largest Regional Market Share in 2021: North America.

Major Players

Key players in the Private LTE market include LM Ericsson, Nokia Corporation, Huawei Technology Co. Ltd, Samsung Electronics, Verizon Communications, Cisco Systems, Inc, and Qualcomm Incorporated.

Surge in demand for unique and defined network qualities propelling the demand for Private LTE.

Figure 1: Private LTE Market 2022-2032 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Private LTE Market Trends

Adoption of LTE technology in smart cities applications

A smart city utilizes various types of electronic, IoT-based equipment and sensors to collect data. This data is used to gain insights to manage resources, assets, and services effectively. Many developing countries across the world, such as China, Brazil, and India, have taken up smart city projects to promote advanced and sustainable infrastructure development. For instance, in India, the Smart City Mission, established under the Ministry of Housing and Urban Affairs, aims to develop 100 smart cities across the country. Advanced ICT services would help facilitate requirements such as smart lighting, smart metering, video surveillance, smart waste management, and smart parking. IoT modules, which help reduce the strain on the city due to traffic issues and environmental concerns, have become an integral part of the smart city infrastructure. They are primarily sensors and actuators that gather data and are mainly commanded by the city’s software and applications operating in a municipal cloud and control center. A robust network solution is required to facilitate continuous function and protect against vulnerable security threats. The private LTE networks are expected to be deployed on a large scale in these smart cities, as it is one of the best-suited networks as it offers mobility, spectrum options, network security, configurable quality of service (QoS), ecosystem and interoperability, and high-to-low-rate scaling.

Private LTE Market Covid Impact

The COVID-19 pandemic has had no effect on the Private LTE Market's expansion since emerging countries' public and private sectors are partnering to accelerate the development of LTE infrastructure in response to the pandemic. Also, due to the COVID-19 pandemic, almost all businesses are working from their homes or original sites. Working from home (WFH) and organisational digital transformation have emerged as essential components in the rise of private LTE. Unfortunately, due to the temporary shutdown of the manufacturing unit of auxiliary equipment for micro towers during lockdown, maintenance of private LTE stations and micro towers is severely hampered.

Private LTE Market Russia-Ukraine War Impact

Russia's invasion of Ukraine and the ongoing effects of the pandemic had a negative and unclear impact on the world economy. Many of the downside risks mentioned in April World Economic Outlook have started to manifest. The world's financial conditions have become more rigid due to higher-than-expected inflation, particularly in the United States and major European nations. With COVID-19 outbreaks and lockdowns, China's recession has been greater than expected, and the conflict in Ukraine has had further detrimental effects.

Private LTE Market Segment Insights

Private LTE Technology Insights

The Private LTE Market segmentation, based on technology, includes frequency division duplexing (FDD) and time division duplexing (TDD). In 2022, frequency division duplexing (FDD) dominated the market. FDD is a communication technology where separate frequency bands are used for transmitting and receiving signals, due to which sending and receiving data signals do not interfere with each other. As the signals do not interfere, FDD is considered a better option when compared to TDD for symmetric traffic signals such as voice in broadband wireless networks. FDD is used in various wireless systems, including microwave (MW) links, millimeter wave (MMW) links, and some 4G/LTE networks. LTE-FDD develops a faster mobile broadband communication network.

Figure 2: Private LTE Market, by Technology, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

November 2019, Vivo will construct a private LTE network for Vale, a multinational mining corporation. Vivo, a Brazilian operator, announced a contract to build its first private LTE network for Vale's mining operations in Brazil.

Private LTE Services Insights

The Private LTE Market segmentation, based on component, includes managed services and professional services. Hardware segments will hold the largest market share in 2021. Managed services are the services that are deployed, managed, and monitored by third-party service providers. The managed service for a private LTE network outsources the entire network operations management or a part of it to third-party vendors for the purpose of improving the network operations performance and reducing the costs needed for managing, training, and hiring the required expertise. Network planning and orchestration are two of the services offered by the managed service providers in the private LTE market for helping the enterprises plan and program the network's behavior to boost the network’s operational performance and deliver a high-quality experience to their customers. Managed services also help save on the cost of building a private LTE network.

January 2020 - Over the previous three years, AT&T Inc. has invested more than USD 800 million in its wireless and wired networks in Kentucky in order to maintain its market dominance. With these planned expenditures, the telecom giant hopes to improve consumer and business reliability, coverage, speed, and overall performance.

Figure 3: Private LTE Market, by Services, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Private LTE, By Vertical Insights

The Private LTE Market data has been bifurcated by Vertical into manufacturing, defense, energy & utilities, transportation, mining, healthcare, and others. The manufacturing segment held the largest market share in 2022. Manufacturing facilities use automated systems that use network systems such as hard-wired connections, GPS, and Wi-Fi to perform their daily functions. These connectivity options, however, are not. Over the previous three years, AT&T Inc. has invested more than USD 800 million in its wireless and wired networks in Kentucky in order to maintain its market dominance. With these planned expenditures, the telecom giant hopes to improve consumer and business reliability, coverage, speed, and the overall performance of IoT devices. Private LTE puts the network of the manufacturing plant on a different frequency range so that IoT devices and robotic equipment can work on different frequencies.

January 2020, CellAntenna Corporation has completed Ericsson Industry Connect training and testing for RF planning and installation, a private cellular solution that supports OnGo Citizens Broadband Radio Service and is now a member of the Industry Connect partner program. CellAntenna can now provide full-service design, integration, and support for Ericsson's new Industrial Connect private cellular network.

Figure 4: Private LTE Market, by Vertical, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Private LTE Regional Insights

By region, the study segments the market into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The North America private LTE market accounted for USD 2,348.67 million in 2021, owing to high penetration of 5G networks and the growing use of artificial intelligence (AI) & other smart connected devices in the region. Moreover, the surge in need for defined and unique network qualities, the increasing need for wireless networks for business due to the shifting of business towards digitization, and the availability of unlicensed and shared spectrum in private LTE networks create opportunities for service providers to set up service on the latest technical advances being developed for the high-speed internet.

The countries considered in the scope of Private LTE market are US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.

Figure 5: Private LTE Market, by Region, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Private LTE Key Market Players & Competitive Insights

The market for private LTE is dominated by a few big players offering comprehensive private LTE across verticals including manufacturing, defense, healthcare, energy & utilities, transportation, and mining among others.

Some of the major players operating in the global market include LM Ericsson (Sweden), Nokia Corporation (Finland), Huawei Technology Co. Ltd (China), Samsung Electronics (South Korea), Verizon Communications (US), Cisco Systems, Inc (US), and Qualcomm Incorporated (US) and Others.

Key Companies in the Private LTE market include

• LM Ericsson (Sweden)
• Nokia Corporation (Finland)
• Huawei Technology Co. Ltd (China)
• Samsung Electronics (South Korea)
• Verizon Communications (US)
• Cisco Systems, Inc (US)
• Qualcomm Incorporated (US)
• ARRIS International Limited (US)
• Sierra Wireless (Canada)
• Future Technologies, LLC (US)
• Boingo Wireless, Inc (US)
• Casa Systems (US)
• Other Players

Private LTE Industry Developments

• Q2 2024: Nokia launches new private wireless solution for industrial IoT Nokia announced the launch of its latest private LTE solution designed for industrial IoT applications, enabling enterprises to deploy secure, high-performance wireless networks tailored for mission-critical operations.
• Q2 2024: Ericsson and ABB partner to deploy private LTE networks in manufacturing plants Ericsson entered a partnership with ABB to deploy private LTE networks across ABB’s manufacturing facilities, aiming to enhance automation and connectivity for industrial operations.
• Q2 2024: Verizon wins contract to provide private LTE network for Port of Los Angeles Verizon secured a contract to deploy a private LTE network at the Port of Los Angeles, supporting logistics, security, and real-time data operations for port management.
• Q3 2024: Siemens launches private LTE platform for smart factories Siemens announced the launch of a new private LTE platform aimed at smart factory deployments, offering improved connectivity and data security for industrial customers.
• Q3 2024: Celona raises $60M Series C to expand private LTE solutions Celona, a provider of private LTE solutions, raised $60 million in Series C funding to accelerate product development and expand its market reach in enterprise wireless networks.
• Q3 2024: Vodafone and Ford sign partnership for private LTE in automotive manufacturing Vodafone and Ford announced a partnership to deploy private LTE networks in Ford’s automotive manufacturing plants, aiming to support connected vehicle production and automation.
• Q4 2024: Nokia wins contract to deploy private LTE network for Rio Tinto mining operations Nokia was awarded a contract to deploy a private LTE network for Rio Tinto’s mining operations, enhancing connectivity and safety for remote mining sites.
• Q4 2024: Deutsche Telekom launches private LTE service for German hospitals Deutsche Telekom launched a new private LTE service tailored for hospitals in Germany, aiming to improve secure communications and support digital healthcare applications.
• Q1 2025: AT&T announces private LTE network rollout for US energy sector AT&T announced the rollout of private LTE networks for clients in the US energy sector, targeting improved reliability and security for critical infrastructure.
• Q1 2025: Druid Software secures $25M investment to scale private LTE platform Druid Software received a $25 million investment to scale its private LTE platform, focusing on expanding its presence in enterprise and industrial wireless markets.
• Q2 2025: NEC and Telefonica partner to deliver private LTE networks for European logistics hubs NEC and Telefonica announced a partnership to deliver private LTE networks for logistics hubs across Europe, aiming to enhance supply chain connectivity and automation.
• Q2 2025: Ericsson wins contract to deploy private LTE for Australian mining company BHP Ericsson secured a contract to deploy a private LTE network for BHP’s mining operations in Australia, supporting automation and remote monitoring capabilities.

Private LTE Market Segmentation

Private LTE, By Technology Outlook

• Frequency Division Duplexing (FDD)
• Time Division Duplexing (TDD)

Private LTE, By Service Outlook

• Managed Services

• Professional Services

  • Consulting

  • Integration and Deployment

  • Support and Maintenance

Private LTE, By Application Outlook

• Real time Surveillance
• Operations Visibility and Optimizations
• Authentication and Access Control
• Asset Management and Uptime Assurance
• Worker Safety Monitoring
• Logistics and Supply Chain Management
• Remote Diagnostics and Predictive Maintenance

Private LTE, By Vertical Outlook

• Manufacturing
• Defense
• Energy & Utilities
• Transportation
• Mining
• Healthcare
• Others

Private LTE Regional Outlook

• North America

  • US

  • Canada

• Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Australia

  • Rest of Asia-Pacific

• Rest of the World

  • Middle East

  • Africa

  • Latin America

Report Attribute/Metric	Details
Market Size 2023	USD 6,485.6 Million
Market Size 2024	USD 7322.24 Million
Market Size 2032	USD 19,252.4 Million
Compound Annual Growth Rate (CAGR)	12.84% (2024-2032)
Base Year	2022
Forecast Period	2024-2032
Historical Data	2018-2022
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Technology, Service, Application, Vertical and Region
Geographies Covered	North America, Europe, Asia Pacific, Middle East & Africa and South America
Countries Covered	The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profile	LM Ericsson (Sweden), Nokia Corporation (Finland), Huawei Technology Co. Ltd (China), Samsung Electronics (South Korea), Verizon Communications (US), Cisco Systems, Inc (US), and Qualcomm Incorporated (US) and Others.
Key Market Opportunities	· Adoption Of LTE technology in smart cities applications
Key Market Dynamics	· Surge In Demand for Unique and Defined Network Qualities ·Growing Deployment of Private LTE Networks in Public Safety Agencies ·Emergence Of 5g In Conjunction with Private LTE