Report: Private LTE Market to Reach $4.7B by End-2020
Monday, October 21, 2019 | Comments

Market research firm SNS Telecom & IT released a new report on the global private Long Term Evolution (LTE) market, with annual spending expected to reach $4.7 billion by the end of 2020.

Private LTE and 5G networks are increasingly becoming the preferred approach to deliver wireless connectivity for critical communications, industrial internet of things (IoT), enterprise and campus environments, and public venues, the report said. The market will further grow at a compound annual growth rate (CAGR) of 19% between 2020 and 2023, eventually accounting for nearly $8 billion by the end of 2023.

SNS Telecom & IT estimates that as much as 30% of these investments — about $2.5 billion — will be directed toward the buildout of private 5G networks, which will become the preferred wireless connectivity medium to support the ongoing Industry 4.0 revolution for the automation of factories, warehouses, ports and other industrial premises, besides serving additional verticals.

Favorable spectrum licensing regimes, such as the German government's decision to reserve frequencies in the 3.7 – 3.8 GHz range for localized 5G networks will be central to the successful adoption of private 5G networks. A number of other countries, such as Sweden, United Kingdom, Japan, Hong Kong and Australia, are also moving forward with their plans to identify and allocate spectrum for localized, private 5G networks with a primary focus on the 3.7, 26 and 28 GHz frequency bands.

The private LTE network submarket is well established with operational deployments across multiple segments of the critical communications and industrial IoT. Private LTE networks are expected to continue their upward trajectory beyond 2020, with a spate of ongoing and planned network rollouts from nationwide public-safety broadband networks to usage scenarios as diverse as putting LTE-based communications infrastructure on the moon.

The report also notes several public-safety LTE networks being deployed around the world. Other segments within the critical communications industry have also seen growth in the adoption of private LTE networks, with recent investments focused on mining, port and factory automation, deployable broadband systems for military communications, mission-critical voice, broadband and train control applications for railways and metro systems, air-to-ground (ATG) and airport surface wireless connectivity for aviation, field area networks for utilities, and maritime LTE platforms for vessels and offshore energy assets.

In the coming months and years, the firm expects to see significant activity in the 1.9 GHz sXGP, 3.5 GHz Citizens Broadband Radio Service (CBRS), 5 GHz and other unlicensed/shared spectrum bands to support the operation of private LTE and 5G networks across a range of environments, particularly enterprise buildings, campuses, public venues, factories and warehouses.

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