North America Private LTE Market Forecast to 2030

At 7.9% CAGR, North America Private LTE Markets Speculated to be Worth US$ 2,896.86 Million by 2030, says the Research Team.

According to the Research Team’ research, the North America private LTE market was valued at US$ 1,577.50 million in 2022 and is expected to reach US$ 2,896.86 million by 2030, registering a CAGR of 7.9% from 2022 to 2030. Emergence of new industrial and residential use cases and demand for ultra-reliable, low latency communication are among the critical factors attributed to the North America private LTE market expansion.

The advent of private LTE has brought many new use cases for industrial and residential uses that are anticipated to be enabled by evolving networks over the years. Fixed Wireless Access (FWA) for residential use and distributed cloud for industries could be examples of this kind. A market competing with fixed broadband access is driving a need for higher bandwidth. The objective is to provide fiber-like speeds that meet the demand for residential streaming services, such as TV and video. Typical data speed demand ranges from 100 to 4,000 Mbps. However, there is a limited business case to provide fixed broadband alternatives. Specific data speed demand ranges from 50 to 200 Mbps.

Networks are evolving to handle utilize cases with different demands on integrity, mobility, data rates, latency, scalability, security, reliability, and availability. Such requests can be met by distributed cloud architecture, which enables application deployment at distributed, central, and edge sites to meet specific use case requirements. Compared to what is possible from major sites, providing services closer to the user reduces the network transport delay and enables faster time to action, content, and control. Executing workloads closer to the network edge also reduces the need for backhaul bandwidth and capacity, and the distribution of workloads and storage over multiple sites increases availability. Overall, the emergence of these new use cases is making private LTE a more attractive option for a wider range of industries and individuals. As the technology matures and becomes more cost-effective, more innovative applications are expected to emerge, further fueling the growth of the private LTE market.

On the contrary, 5G deployment with private LTE devices the growth of North America private LTE market.

Based on component, the North America private LTE market is bifurcated into solution and services. The solution segment held 56.2% market share in 2022, amassing US$ 886.91 million. It is projected to garner US$ 1,540.00 million by 2030 to expand at 7.1% CAGR during 2022–2030.

Based on services, the North America private LTE market is bifurcated into professional services and managed services . The managed services segment held 65.6% share of North America private LTE market in 2022, amassing US$ 452.99 million. It is projected to garner US$ 939.37 million by 2030 to expand at 9.5% CAGR during 2022–2030.

By type, the North America private LTE market is bifurcated into FDD and TDD . The FDD segment held 58.9% share of North America private LTE market in 2022, amassing US$ 929.72 million. It is projected to garner US$ 1,515.76 million by 2030 to expand at 6.3% CAGR during 2022–2030.

In terms of end user, the North America private LTE market is segmented into manufacturing , energy & utilities , healthcare, transportation, mining, and others . The manufacturing segment held 34.7% share of North America private LTE market in 2022, amassing US$ 547.74 million. It is projected to garner US$ 849.14 million by 2030 to expand at 5.6% CAGR during 2022–2030.

Based on country, the North America private LTE market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 73.3% share of North America private LTE market in 2022. It was assessed at US$ 1,156.15 million in 2022 and is likely to hit US$ 2,180.57 million by 2030, exhibiting a CAGR of 8.3% during 2022–2030.

Key players operating in the North America private LTE market are Cisco Systems Inc , Telefonaktiebolaget LM Ericsson , Huawei Investment & Holding Co Ltd , Samsung Group , Verizon Communications Inc , CommScope Holding Co Inc , Future Technologies Inc , Star Solutions , Sierra Wireless Inc , and Kyndryl Holdings Inc , among others.

In Sep 2023, Cisco’s Private LTE collaboration continued to drive F.A.N. Evolution for Utilities. Cisco understands the unique needs of its utility customers and has a strong history of building highly secure and large-scale networks for enterprises and industries. This Anterix-Cisco relationship expedites available private LTE solutions for energy providers in the United States that require highly secure, resilient, and utility-controlled LTE networks .

In Mar 2023, Huawei revealed a fresh project involving Private Networks at M.W.C. 2023. The Huawei Private Network Alliance, a new initiative from the business, intended to unite top players in the private network industry. The association gave members a forum to exchange knowledge and resources, enabling them to work together on creating fresh Private Networks-related products and services .

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America private LTE market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in North America private LTE market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Private LTE market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. North America Private LTE Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of IoT in Manufacturing Sector
5.1.2 Growing Demand for Reliable and Efficient Communications Network Infrastructure
5.1.3 Rising Need for Wireless Networks
5.2 Market Restraints
5.2.1 5G Deployment
5.2.2 High Infrastructure Cost
5.3 Market Opportunities
5.3.1 Opportunities in Developing Economies
5.3.2 Demand for Ultra-Reliable, Low Latency Communication
5.4 Future Trends
5.4.1 Emergence of New Industrial and Residential Use Cases
5.5 Impact of Drivers and Restraints:
6. Private LTE Market – North America Market Analysis
6.1 Private LTE Market Revenue (US$ Million), 2020–2030
6.2 Private LTE Market Forecast Analysis
7. North America Private LTE Market Analysis – by Component
7.1 Solution
7.1.1 Overview
7.1.2 Solution: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.1 Professional Services
7.2.2.1.1 Overview
7.2.2.1.2 Professional Services Market, Revenue and Forecast to 2030 (US$ Million)
7.2.2.2 Managed Services
7.2.2.2.1 Overview
7.2.2.2.2 Managed Services Market, Revenue and Forecast to 2030 (US$ Million)
8. North America Private LTE Market Analysis – by Type
8.1 FDD
8.1.1 Overview
8.1.2 FDD: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
8.2 TDD
8.2.1 Overview
8.2.2 TDD: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Private LTE market Analysis – by End user
9.1 Manufacturing
9.1.1 Overview
9.1.2 Manufacturing: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Energy & Utilities
9.2.1 Overview
9.2.2 Energy & Utilities: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Healthcare
9.3.1 Overview
9.3.2 Healthcare: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Transportation
9.4.1 Overview
9.4.2 Transportation: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Mining
9.5.1 Overview
9.5.2 Mining: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10. North America Private LTE market – Country Analysis
10.1 North America Market Overview
10.1.1 North America: Private LTE Market – Revenue and Forecast Analysis – by Country
10.1.1.1 North America: Private LTE Market – Revenue and Forecast Analysis – by Country
10.1.1.2 United States: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 United States: Private LTE Market Breakdown, by Component
10.1.1.2.1.1 United States: Private LTE Market Breakdown, by Services
10.1.1.2.2 United States: Private LTE Market Breakdown, by Type
10.1.1.2.3 United States: Private LTE Market Breakdown, by End user
10.1.1.3 Canada: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Canada: Private LTE Market Breakdown, by Component
10.1.1.3.1.1 Canada: Private LTE Market Breakdown, by Services
10.1.1.3.2 Canada: Private LTE Market Breakdown, by Type
10.1.1.3.3 Canada: Private LTE Market Breakdown, by End user
10.1.1.4 Mexico: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Mexico: Private LTE Market Breakdown, by Component
10.1.1.4.1.1 Mexico: Private LTE Market Breakdown, by Services
10.1.1.4.2 Mexico: Private LTE Market Breakdown, by Type
10.1.1.4.3 Mexico: Private LTE Market Breakdown, by End user
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Cisco Systems Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Telefonaktiebolaget LM Ericsson
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Huawei Investment & Holding Co Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Samsung Group
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Verizon Communications Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 CommScope Holding Co Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Future Technologies, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Star Solutions
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Sierra Wireless, Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Kyndryl Holdings Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The the Reporting Teams
14.2 Word Index

LIST OF TABLES

Table 1. Private LTE market Segmentation
Table 2. Private LTE market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 4. Services Market Revenue and Forecasts to 2030 (US$ Million) –Type
Table 5. Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 6. Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 7. North America: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 8. United States: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by Component
Table 9. United States: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by Services
Table 10. United States: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 11. United States: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by End user
Table 12. Canada: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by Component
Table 13. Canada: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by Services
Table 14. Canada: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 15. Canada: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by End user
Table 16. Mexico: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by Component
Table 17. Mexico: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by Services
Table 18. Mexico: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 19. Mexico: Private LTE Market – Revenue and Forecast to 2030(US$ Million) – by End user
Table 20. Heat Map Analysis by Key Players
Table 21. List of Abbreviation

LIST OF FIGURES

Figure 1. Private LTE market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Private LTE market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Private LTE Market Revenue (US$ Million), 2020–2030
Figure 6. Private LTE Market Share (%) – by Component (2022 and 2030)
Figure 7. Solution: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Services: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Professional Services Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Managed Services Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Private LTE Market Share (%) – by Type (2022 and 2030)
Figure 12. FDD: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. TDD: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Private LTE Market Share (%) – by End user (2022 and 2030)
Figure 15. Manufacturing: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Energy & Utilities: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Healthcare: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Transportation: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Mining: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Others: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Private LTE Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 22. North America: Private LTE Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 23. United States: Private LTE Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. Canada: Private LTE Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. Mexico: Private LTE Market – Revenue and Forecast to 2030(US$ Million)