According to the new research report, titled “Private LTE Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Component (Solution and Services); Type (FDD and TDD); End-user (Manufacturing, Energy & Utilities, Healthcare, Transportation, Mining, and Others), and Geography” published by The Insight Partners, the market is expected to reach US$ 8,507.2 million by 2028, registering a CAGR of 13.6% during 2021–2028.  

Private LTE Market in APAC is Expected to Grow at Highest CAGR    

The private LTE market in the APAC is further segmented into Australia, India, China, Japan, and South Korea. The region's oil & gas industry is anticipated to witness an increase in mergers & acquisitions and final investment decisions. Growth in the manufacturing industry in Asian countries, such as China, India, Japan, South Korea, and Taiwan, would further create a positive impact on the adoption of private LTE.

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China and Japan are the most significant manufacturing economies producing automobiles, IT products, and electronic products. The market growth of private LTE in this region is due to factors such as the rise in M2M communications, increase in smartphone penetration, which is supported by the penetration of IoT platforms across various industries such as healthcare, transportation, and manufacturing. This leads to the increased demand for private IoT networks, which enable companies to integrate different devices for increased reliability and security. Many of the economies of the region are looking for digital applications such as autonomous vehicles, smart cities, and IoT to empower its economy further. The investors are to avoiding high-tech costs investment in the US and are diverting toward the APAC region to invest on big business opportunities, which includes 5G technology with the acceleration in the adoption of digital transformation across various countries in the region.    

Key findings of the study:

China dominates the private LTE market in 2020. China has the largest manufacturing sector in the world, with presence of diverse industries. The presence of robust manufacturing base is a key factor for the growth of the private LTE market. The government of China has introduced an initiative named as “Made in China 2025,” which drives the growth of manufacturing sector. The major manufacturing industries of China include automotive, machinery manufacturing, energy, and steel. Thus, the implementation of private LTE is anticipated to boost the production process of the plant. Companies such as Huawei along with Jishi Media has built a 700 MHz LTE network. The companies’ new system is capable of streaming real-time HD video captured using infrared ecological data, camera traps, and footage from road checkpoints & fire safety cameras. The system supports tracking of ranger patrols and video calls, which enable the conservationist to have remote access to the real-time data. Moreover, in November 2018, China Unicom and Nokia deployed private LTE network for the smart manufacturing services at China established BMW plant. The 4G LTE network of China Unicom will give low-latency support to help smart manufacturing activities at plant.

India is anticipated to be a fastest growing country in Asian market in private LTE market. The existence of large number of telecom operator in the country with efficient as well as economic data plans is driving the growth of telecom industry in the country. The topmost telecom service providers in India are Vodafone, Aircel, Idea Cellular, Mahanagar Telephone Nigam Limited (MTNL), Bharti (Airtel), Bharat Sanchar Nigam Limited (BSNL), Tata Teleservices, Reliance, Tata Communications, and Tata Teleservices Maharashtra (TTML). Recently, Bharti Airtel announced its partnership with Nokia for providing private LTE network to various enterprises such as information technology enabled services (ITES), banking, media and services, financial services, and insurance (BFSI), manufacturing and distribution. At present, in India, around 330 companies are making investments in mobile networks based on 5G/LTE in the form of pilot deployments, trials, and commercial network launches as well as investment in licenses. This investment in would facilitate deployment of 5G networks/private LTE. Moreover, at a same time frame, 150 companies have installed 5G networks, private LTE, and spectrum

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CommScope, Huawei Technologies, Cisco Systems, Sierra Wireless, Verizon – Prominent Market Participants in Private LTE Market

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

In addition to growth of private LTE, new 5G industry use cases are projected to provide around US$ 700 billion of growth opportunity to the service providers by 2030. With broadening use of 5G and private LTE- manufacturing, energy and utilities, automotive, agriculture, and public safety among others are few significant arenas expected to hold substantial market share. With rising demand of improvised video services, connected vehicles, real-time automation, and augmented reality/virtual reality remote operations, the adoption rate of 5G and private LTE will grow exponentially.

CommScope, Huawei Technologies, Cisco Systems, Sierra Wireless, and Verizon. The above listing of key players is derived by considering multiple factors such as overall revenue, current private LTE solution portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global virtual production market ecosystem, such as Ericsson, Samsung, Future Technologies, NetNumber Inc., and Start Solutions.

A few of the important market initiatives and product developments from the industry are mentioned below: 

2021    Cisco and PLDT partnered to develop and design a fully automated software 5G-ready IP transport network infrastructure.  The partnership aimed to build and deploy automated, highly reliable, highly scalable, seamless internet service      

2020    Huawei’s 5G RAN gNodeB and LTE eNodeB have passed 3GPP’s Security Assurance Specifications (SCAS) test that was conducted by Network Equipment Security Assurance Scheme (NESAS). The tests include network product general security, air interface security, and basic vulnerability testing, such as data and information protection, air interface ciphering and integrity protection, robustness, and fuzz testing.         

2019    CommScope’s Ruckus CBRS portfolio and Attabotics’ 3D robotic supply chain automation system were demonstrated as part of Microsoft Azure capabilities for private LTE networks during Microsoft Ignite     

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