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    Asia Pacific Private LTE Market Forecast 2026 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]), By Application (Public Safety, Defense, Mining, Transport, Energy, Manufacturing), Research Report, Country Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: July 2021   |   Report ID: GR1891   |   Delivery: PDF  Request Free Sample

    Asia Pacific Private LTE Market size surpassed USD 500 million in 2019 and is projected to observe 25% growth rate between 2020 and 2026.

    The market growth is due to major factors such as a rise in M2M communications and increased smartphone penetration. Moreover, the penetration of IoT platforms across industry verticals such as transportation, healthcare, and manufacturing also increased the demand for private IoT networks, enabling enterprises to incorporate diverse devices for increased reliability and security.

    Asia Pacific Market, By Component

    Asia Pacific Private LTE Market Share, By Component

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    The IoT modules in device segment is likely to grow at fastest rate of more than 25% through 2026. The growing requirement for long-range connectivity is a major factor contributing to the Asia Pacific private LTE market demand. These mobile IoT modules are useful for various applications in smart metering for utilities including gas, water & electronics, wearable fitness & health technology, connected city streetlights & parking meters, asset tracking, smart buildings & homes including surveillance & security alarms and smart waste management.

    The managed service segment will expand at over 30% CAGR during the forecast timespan. Due to the rising complexity in the enterprise network infrastructure, the companies are adopting external expertise to maintain their networks after deployment. The managed service providers increase consumer’s expectation by augmenting network coverage and improving business performance. The companies operating in the industry are launching innovative service portfolio to serve customers demanding private LTE network.

    Asia Pacific Market, By Application

    The defense application segment in the Asia Pacific private LTE market is predicted to observe significant growth of 25% till 2026. Significant investments in the use of next-generation wireless networks and need for wireless connectivity in military applications will boost the market expansion.

    Asia Pacific Market, By Country

    China held around 20% share of the Asia Pacific private LTE market in 2019. The growing network of connected vehicles will foster the adoption of multiple access technologies, giving enterprises an access to highly reliable and secure networks. In September 2018, China Mobile Research Institute, China Mobile IoT company Ltd., and Qualcomm introduced new roadside units (RSUs) for 3GPP Release 14 LTE-V2X direct communication based on the Qualcomm 9150 C-V2X chipset solution. LTE-V2X enables vehicles to communicate directly with RSUs, allowing drivers to obtain information from these units in various use cases such as traffic signal phase timings.

    The telecom operators in the countries including China, Japan, India, and South Korea are introducing next-generation IoT cellular networks to support the network of interconnected devices. For instance, in June 2018, Telit expanded its leadership in the APAC with Thailand regulatory approval of the NE866B1-E1 NB-IoT module. The module enables a smooth upgraded path to NB-IoT for smart cities, connected health, and other IoT applications.

    Competitive Industry Landscape

    Some of the leading companies operating in the Asia Pacific private LTE market include AT&T Inc., Boingo Wireless Inc., Casa Systems Inc., Cisco Systems Inc., General Dynamics Corporation, Motorola Solutions Inc., NetNumber, Inc., Qualcomm Technologies Inc., Ruckus Networks, SAMSUNG ELECTRONICS CO., LTD., Sierra Wireless, and Tait Communications.

    Frequently Asked Question(FAQ) :

    How much is Asia Pacific private LTE industry worth?
    The market size for private LTE in Asia Pacific reached USD 500 million in 2019 and it is expected to register a 25% CAGR up to 2026.
    Why are managed services witnessing high demand in Asia Pacific private LTE market?
    The demand for private LTE managed services in Asia Pacific could grow at a 30% CAGR over 2020-2026 due to the increasing complexity in enterprise network infrastructures.
    What is the future of IoT modules in Asia Pacific private LTE segment?
    The adoption of IoT modules in the Asia Pacific market could grow at a 25% CAGR up to 2026 due to the growing need for long-range connectivity.
    Which application will witness fastest growth in Asia Pacific private LTE landscape?
    The industry share for private LTE in Asia Pacific from defense application could grow at a CAGR of 25% over up to 2026.
    What is the share of China in Asia Pacific private LTE sector?
    China held more than 20% share of Asia Pacific industry during 2019 and could a highly lucrative market due to the expanding network of connected vehicles and adoption of multiple access technologies.

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