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    North America Private LTE Market Size By Application (Public Safety, Defense, Mining, Transport, Energy, Manufacturing), By Component (Product [ Infrastructure {Evolved Packet Core (EPC), Backhaul, eNodeB}, Device {Smartphones, Handheld Terminals, Vehicular Routers, IoT Modules}], Service [Training & Consulting, Integration & Maintenance, Managed Service]), Industry Analysis Report, Regional Outlook (U.S., Canada),Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
    Published Date: January 2021   |   Report ID: GR1624   |   Delivery: PDF  Request Free Sample

    North America Private LTE Market value was estimated to be over USD 1.5 billion in 2019 and is expected to register a lucrative growth between 2020 and 2026 with a CAGR of over 15%.
     

    North America Market, By Product

    North America Private LTE Market

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    The private LTE market growth is attributed to the rising deployments of own high-speed private networks to optimize the security of business applications. The private LTE technology enables users to integrate several machines, people, and other devices across a wide range of applications. The private LTE networks provide enhanced coverage and scalability along with local administration capabilities. The expansive demand for critical business application with security, upgradeability, and scalability requirements is fueling the market growth.

    The device segment in the private LTE market is expected to witness a growth rate of over 20% from 2020 to 2026. The growth is attributed to the rise in demand for handheld terminals to deploy private LTE network across a specific geographic location. These devices enable intelligent collaboration and communication by connecting the workforce across businesses. The need for coverage of high-speed data with clearer voice across critical industries is contributing to the adoption of LTE handheld terminal devices.

    The consulting and training services are anticipated to witness an exponential demand in the market over forecast timeline, from 2020 to 2026. These service providers assist the companies in upgrading the networks and services with resilient infrastructure support. These services also improve the retainability, data speed, and accessibility for smartphone users. The extensive demand to deploy dedicated private LTE network infrastructure across industrial facilities is expected to fuel the market growth.

    The public safety application segment is expected to dominate the North America market from 2020 to 2026. The need for robust network infrastructure supporting high speed & secure data transmission has contributed to the private LTE network adoption. It facilitates reliable and seamless communication network to coordinate and communicate between government agencies. The need to protect citizens from natural disasters and threats is driving the adoption of private LTE infrastructure solutions & devices across the public safety sector.

    The U.S. held over 85% share of the North America market in 2019 and is expected to dominate the regional growth. The widespread presence of technology enterprises such as AT&T Inc., Cisco Systems Inc. and Motorola Solutions Inc. are contributing to the market growth in the country. The companies in the U.S. are emphasizing on strategic partnership to develop private LTE solutions. For instance, in October 2020, AT&T Inc. entered to into partnership with Nokia Corporation for the development of integrated portfolio to support private networks through citizens broadband radio service.

    The North America market has witnessed several new product developments to expand the technology portfolio. For instance, in September 2019, Boingo Wireless launched the 3.5 GHz Citizens Broadband Radio Service commercial service for large scale environments. The launched service expands wireless connectivity and coverage across airports, stadiums and other large infrastructure facilities. This launch helped the company to serve large enterprises with advanced wireless network services.

    Some of the leading companies operating in the market include AT&T Inc., Boingo Wireless Inc., Casa Systems Inc., Cisco Systems Inc., Future Technologies Venture, LLC, General Dynamics Corporation, Motorola Solutions Inc., NetNumber, Inc., PDV Wireless, Qualcomm Technologies Inc., Rivada Networks, Ruckus Networks, Sierra Wireless, and SpiderCloud Wireless.
     


    Frequently Asked Question(FAQ) :

    How much did the North America Private LTE market size account for in 2019?
    The market size of North America Private LTE was valued over USD 1.5 billion in 2019.
    How much growth will the North America Private LTE industry share witness during the forecast timeframe?
    The industry share of North America Private LTE is projected to expand at 15% CAGR during 2020 to 2026.
    Which application segment may perform well in North America Private LTE market?
    The public safety application segment is expected to dominate the market from 2020 to 2026. The need for robust network infrastructure supporting high speed & secure data transmission has contributed to the private LTE network adoption.

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