Published Date: 2021-07-14
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APAC Private LTE Market size is poised to reach USD 2.5 billion by 2026, according to a latest forecast report by Graphical Research.
The Asia Pacific private LTE industry growth is driven by several efforts taken by the government authorities and telecom companies for the deployment of the LTE technology for the mission-critical applications. The regional governments are taking initiatives to ensure seamless operations in the respective countries. For instance, the South Korean government had implemented Mission-Critical push-to-talk (MCPTT) over LTE to determine the viability of transitioning mission-critical voice for first responders from land mobile radio technologies to LTE collaborative initiatives are further contributing to the market growth.
The device segment is expected to grow at the fastest rate over forecast period, from 2020 to 2026. The growth is attributed to adoption of mobile devices to provide connectivity to remote areas will drive the market growth. Other factors driving market demand are various government initiatives to promote the deployment of 5G network infrastructure and the growing investments in the IoT projects, triggered by the increasing applications in automotive and manufacturing.
The integration & maintenance service segment is anticipated to grow over 25% CAGR from 2020 to 2026. The integration & maintenance service providers are expected to witness rise in demand from enterprises to work closely with the vertical domains and operators to integrate the latest LTE solutions into their networks.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1891/asia-pacific-private-lte-market
The private LTE industry is expected to witness an increase in market share due to the efforts taken by telecom operators for the expansion of 4G networks. The public safety agencies are widely deploying CellBOX-R network that provides bi-directional video communications and optional 3G/4G/SAT backhaul and enables ad-hoc coverage within buildings, communications for convoy escorting, and coverage in remote locations.
In Japan, the adoption of LTE standard to meet public safety application requirements such as Public Safety LTE (PS-LTE) will accelerate market growth over the forecast timeline. The LTE enables these networks to reap the benefits from the advantages of real-time video and audio services. The mobile core solution providers are offering LTE solutions to operators and enterprises requiring private cellular networks to help them maximize the effectiveness of their communications infrastructure. For instance, in July 2018, Quortus partnered with Fujitsu on cellular core network technology for private LTE. Under the deal, Fujitsu deploys Quortus network products as a part of its private LTE solutions for enterprises, telecom operators, and large organizations in Japan.
The companies operating in the market are focusing on new product developments and innovations. For instance, in February 2020, Huawei launched its new 5G products and solutions and 5G partner innovation program. The objective behind the development is to build a 5G ecosystem and make 5G a commercial success.
The APAC private LTE market research report includes an in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2015 to 2026, for the following segments:
Asia Pacific Market, By Component
Asia Pacific Market, By Application
The above information has been provided for the following countries:
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