Increasing Adoption of IoT in Manufacturing Sector to Fuel Private LTE Market Growth During Forecast Period

Countries in the European Union (EU) have several key manufacturing industries, such as automotive, aerospace, machinery & equipment, military vehicles, and shipbuilding. The automotive industry in these countries is contributing to their GDP. Europe is a prominent motor vehicle producer and home to several premium automotive manufacturers. LTE wireless networks are on the horizon, and IoT is gaining importance as devices are predicted to form the foremost portion of this network concept. The Europe market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Megacities in Germany, the UK, and France are observed to be the nodes of the growth of IoT, boosting the implementation of these technologies in other developing cities across Europe, including several cities in Russia.

The telecom infrastructure in Europe requires modification in the investment framework to safeguard the deployment of ultra-fast network services across Europe. One of the primary reasons for developing telecom infrastructure is to have better access networks across Europe with the exponential demands for higher bandwidth internet applications and value-added services. The significant features of new access networks such as private LTE consist of the convergence of wired and wireless transmission, development, and the adoption of advanced technology smartphones that connect efficiently with these networks. Therefore, European regulatory bodies and telecom authorities actively focus on developing these networks. Implementing LTE technology can greatly impact the design of IoT ecosystems, especially in scalability, reliability, latency, and security. IoT and advanced networks support a wide range of manufacturing use cases, making it possible to boost manufacturing processes through a single communication system. The private LTE network is also gaining pace as it captures real-time data and permits remote machinery control. The growing adoption of IoT is also boosting efficiency and optimizing the value manufacturers can provide to their customers. Such factors are driving the Europe’s private LTE market share in the global market.

Private LTE Market: Industry Overview

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).

Wireless infrastructure is a collection of various connectivity standards, communications, and connectivity solutions related to wireless networks. This network focuses on enhancing overall connectivity and connection performance while reducing the requirement for cable connections between various devices and components. As a result of the significant initial investment in unified communications, businesses are focused on hosting and controlling network and communications services. As a result, Cloud RAN, remote radio heads, and other wireless infrastructure systems have been adopted.

The increasing need for wireless networks is fueling the private LTE market growth in several ways, including high speed and capacity, customization and control, security and privacy, and data protection. Public LTE networks can get congested, especially in high-traffic areas. Private LTE offers dedicated bandwidth and infrastructure, enabling higher capacity, faster data speeds, and lower latency, which is crucial for manufacturing, healthcare, and logistics industries. Additionally, organizations can tailor private LTE networks per their specific needs, optimizing performance for critical applications with low latency, high reliability, and quality of service guarantees. Also, private LTE provides closed-loop, secure connections within a defined area, minimizing vulnerability and ensuring data privacy for sensitive operations.

Industries such as healthcare and finance have strict data security regulations. Private LTE helps organizations comply with these regulations by keeping data within their infrastructure. These factors combined make private LTE a compelling option for organizations seeking reliable, customized, and secure wireless connectivity to drive operational efficiency, innovation, and competitive advantage. As the reliance on wireless networks continues to grow, the demand for private LTE is expected to rise further, propelling the market growth. Therefore, the increasing need for wireless networks is creating opportunity for the private LTE market growth to flourish, fueled by its unique value proposition of high performance, security, flexibility, and integration with advanced technologies.

Private LTE Market: Competitive Landscape and Key Developments

Cisco Systems, Inc.; ERICSSON; Huawei Technologies Co., Ltd; Samsung; VERIZON COMMUNICATIONS, INC; CommScope Inc.; Future Technologies, Inc.; NetNumber, Inc.; Star Solutions; and Sierra Wireless, Inc. are among the leading players profiled in the private LTE market report. Several other essential private LTE market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which help the key players strategize their market growth. A few developments are mentioned below:

• According to Cisco’s blog in February 2022, Cisco understands the unique needs of its utility customers and has a strong history of building highly secure and large-scale networks for enterprises and industries. The Anterix-Cisco relationship expedites available private LTE solutions for energy providers in the US that require highly secure, resilient, and utility-controlled LTE networks.

• In December 2023, C.J. Logistics, a global logistics leader that operates in 36 countries worldwide, partnered with Ericsson to deploy the first full-scale commercial private 5G/LTE network within the logistics sector at its Ichiri center in Icheon City, South Korea.