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    Europe 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]), Research Report, Country Outlook (UK, Germany, France, Spain, Italy, Norway, Netherlands), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026
    Published Date: February 2021   |   Report ID: GR1682   |   Delivery: PDF  Request Free Sample

    Europe Private LTE Market size exceeded USD 700 million in 2019 and is anticipated to expand at a CAGR of 20% from 2020 to 2026. The rising demand for LTE solutions across public safety applications is driving the market growth.

    Europe Private LTE Market

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    The European private LTE industry growth is attributed to the growing development of smart city projects. With growing smart cities, there has been a tremendous increase in the number of connected devices and sensors that utilize communication technologies to enable interaction between smart city objects. Smart cities’ applications are expected to drive the demand for next-generation networks, such as LTE, LTE-A, and Bluetooth, to support high transmission rates. For instance, the LTE-A technology is rapidly deployed in smart cities’ applications to meet networking requirements in terms of robustness, interoperability, and limited power consumption

    European Market, By Component

    The handheld terminal segment accounted a market share of over 40% in 2019. Handheld terminals enable intelligent collaboration and communication by connecting supervisors, executives, IT personnel, and field workers across businesses, meeting unique requirements of various industrial sectors including hospitality, mining, utilities, manufacturing, and related enterprise environments. They assist in delivering enhanced capabilities, which cannot be found in customer-grade smartphones. These devices also provide enhanced benefits by reducing downtime and maximizing business productivity.

    European Market, By Application

    The energy segment will register a growth rate of around 25% through 2026 due to the rising adoption of IoT devices across the energy sector. The adoption of private LTE solutions assists in connecting distributed grid assets to ensure low costs over wide areas, enhance bandwidth & spectral efficiency, and ensure that the grid and consumers’ data is always secure. In October 2018, Nokia deployed private LTE solutions for Brazil’s Elektro to strengthen the power grid efficiency and reliability. A few technology enterprises across various geographies are developing advanced networking solutions to support smart grid infrastructure.

    European Market, By Country

    The UK private LTE market held more than 30% revenue share in 2019 owing to the rising demand for 5G network. For instance, in June 2018, Vodafone announced 5G trials in seven cities across the UK. The company aims to test 5G applications including virtual and augmented reality in factories, offices, and hospitals. The UK market is growing at a fast pace due to changes in government policies for the adoption of secured Mobile Virtual Network Operator (MVNO), helping mobile core platforms to deliver broadband capabilities for critical communication users.

    Competitive Industry Landscape

    Some of the leading companies operating in the market include AT&T Inc., Boingo Wireless, Inc., Casa Systems, Inc., Cisco Systems, Inc., Druid Software, Telefonaktiebolaget LM Ericsson, General Dynamics Corporation, Huawei Technologies Co., Ltd., Nokia Corporation, Qualcomm Incorporated, Samsung Electronics Co., Ltd., and Sierra Wireless, Inc.

    Industry players are emphasizing on strategic partnerships to develop innovative LTE solutions. For instance, in December 2018, Nokia partnered with Ukkoverkot, a leading 4G provider in Finland, to jointly developing private LTE solutions that cater to the needs of Port Authority of Finland. This helped the company to venture into the harbor network communications market with its first private LTE deployment carried out at the Port of Hamina-Kotka, Finland.

    Frequently Asked Question(FAQ) :

    How will the private LTE market in Europe expand through 2026?
    The market for private LTE in Europe had reached USD 700 million in 2019 and is projected to hit a 20% CAGR up to 2026.
    What kind of devices held a major share in Europe private LTE sector?
    Handheld terminals held more than 40% of the Europe industry share during 2019 as they allow intelligent collaboration between IT personnel, supervisors and other people across a business.
    How will the energy sector influence private LTE adoption in Europe?
    The market share from energy applications is anticipated to record 25% CAGR between 2020-2026 with increased deployment of IoT technology and devices.
    What was the value of private LTE industry in the U.K.?
    The U.K. accounted for over 30% of the market revenues in Europe in 2019 and will expand due to the robust adoption of 5G network.

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