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Asia Pacific Private LTE Market Forecast to 2030
Asia Pacific Private LTE Market Forecast to 2030 – Regional analysis – by Component [Solution and Services (Professional Services and Managed Services)], Type (FDD and TDD), and End User (Manufacturing, Energy & Utilities, Healthcare, Transportation, Mining, and Others)
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Description
Demand for Ultra-Reliable, Low Latency Communication Boosts Asia Pacific Private LTE Market.
The demand for greater bandwidth grows as people interact in high-definition video and receive increasingly immersive experiences with virtual reality and cloud gaming. Machines, too, rely on high-speed, low-latency networking, especially as industrial processes become more automated.
Private LTE is being built to enable services for latency-sensitive devices in applications such as autonomous driving, factory automation, remote surgery, mission-critical communications, and VR/AR entertainment. These applications require sub-millisecond latency and error rates of fewer than one packet per 105. Ultra-reliable low-latency communications (URLLC) application cases have stringent latency and reliability requirements.
Cellular networks encounter challenges due to channel fading, interference levels, and user equipment (UE) movement. Private LTE technology enables high reliability, low latency, and optimal multiplexing of URLLC and other traffic in the system. Throughout the projection period, remote LTE deployment must be planned to meet high latency and reliability standards for URLLC, i.e., be suitable for the private LTE market.
Asia Pacific Private LTE Market Overview
Asia Pacific is constantly witnessing a growing economy, leading to growth in various sectors, including manufacturing, infrastructure, and technology. Many of the region’s economies are focusing on autonomous vehicles, smart cities, and IoT to empower their economy further. The investors avoid high-tech costs investment in the US. They are diverting toward APAC to invest in significant business opportunities, which include growth of LTE technology with the acceleration in the adoption of digital transformation across various countries in the region. The Asia Pacific private LTE market is segmented into South Korea, India, China, Japan, Australia, and the Rest of Asia Pacific.
The massive populations of China and India, the increasing middle-class population in these countries, and the growing telecom sector in both countries are projected to grow due to the deployment of LTE. The advancement in mobile technology and connected infrastructure across China, Japan, and South Korea will further boost the demand for private LTE. Moreover, the growing smartphone penetration in Asia Pacific is a significant factor driving the private LTE market across the region. The development of LTE networks and the accessibility of low-cost Android smartphones boost the demand for private LTE networks to engage more users. Furthermore, China is the largest producer of passenger cars globally; India, Japan, and South Korea are some of the primary vehicle manufacturing countries. The region is the third-largest pharmaceutical producer after North America and Europe. The supportive Government and favorable initiatives in many Asian countries, such as the price reform in Japan and China, the Food and Drug Administration’s reform in China, supportive funding in Southeast Asia, and growing digitalization in the pharmaceutical industry are the major factors driving the private LTE market in the region.
Asia Pacific Private LTE Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Private LTE Market Segmentation
The Asia Pacific private LTE market is segmented based on component, type, end user, and country. Based on component, the Asia Pacific private LTE market is segmented into solution and services . The services is further bifurcated into professional and managed services. The solution segment held a larger market share in 2022.
Based on type, the Asia Pacific private LTE market is bifurcated into FDD and TDD. The FDD held a larger market share in 2022.
Based on end user, the Asia Pacific private LTE market is segmented into manufacturing, energy & utilities, healthcare, transportation, mining, and others . The manufacturing held the largest market share in 2022.
Based on country, the Asia Pacific private LTE market is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific private LTE market share in 2022.
Cisco Systems Inc, Telefonaktiebolaget LM Ericsson, Huawei Investment & Holding Co Ltd, Samsung Group, Verizon Communications Inc, Star Solutions, Sierra Wireless Inc, and Kyndryl Holdings Inc are some of the leading companies operating in the Asia Pacific private LTE market.
Summary Info
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According to the Research Team’ research, the Asia Pacific private LTE market was valued at US$ 1,357.90 million in 2022 and is expected to reach US$ 3,624.47 million by 2030, registering a CAGR of 13.1% from 2022 to 2030. Growing demand for reliable and efficient communications network infrastructure and Rising need for wireless networks are among the critical factors attributed to the Asia Pacific private LTE market expansion.
The continuous growth of communication infrastructure has led to an exponential increase in the energy consumption of data centers, telecommunication networks, and other related technologies. With the rising demand for digital services and emerging technologies such as the Internet of Things (IoT), there is an urgent need for more energy-efficient solutions in the communication sector.
The emergence of IoT has enabled each device to be connected over the internet, and the increasing global adoption would result in billions of devices connected over the internet. These devices are bound to create vast amounts of data. Furthermore, with the growth in mobile broadband data, new use cases such as Fixed Wireless Access, Critical IoT, and Massive IoT will evolve. These evolutions will increase data traffic in the future. The capabilities of existing network infrastructures have benefited telecommunication service providers and carrier operators with various telecommunication bodies globally to develop a standard infrastructure for private LTE. As private LTE operates with a high-frequency spectrum, it enables the connection of many devices over the network. Thus, the rising demand for reliable and efficient communication network infrastructure drives the private LTE market globally.
On the contrary, 5G deployment with private LTE devices the growth of Asia Pacific private LTE market.
Based on component, the Asia Pacific private LTE market is bifurcated into solution and services. The solution segment held 52.2% market share in 2022, amassing US$ 708.21 million. It is projected to garner US$ 1,775.44 million by 2030 to expand at 12.2% CAGR during 2022–2030.
Based on services, the Asia Pacific private LTE market is bifurcated into professional services and managed services . The managed services segment held 67.7% share of Asia Pacific private LTE market in 2022, amassing US$ 439.62 million. It is projected to garner US$ 1,302.51 million by 2030 to expand at 14.5% CAGR during 2022–2030.
By type, the Asia Pacific private LTE market is bifurcated into FDD and TDD . The FDD segment held 52.1% share of Asia Pacific private LTE market in 2022, amassing US$ 707.14 million. It is projected to garner US$ 1,556.46 million by 2030 to expand at 10.4% CAGR during 2022–2030.
In terms of end user, the Asia Pacific private LTE market is segmented into manufacturing , energy & utilities , healthcare, transportation, mining, and others . The manufacturing segment held 30.4% share of Asia Pacific private LTE market in 2022, amassing US$ 412.84 million. It is projected to garner US$ 914.20 million by 2030 to expand at 10.4% CAGR during 2022–2030.
Based on country, the Asia Pacific private LTE market has been categorized into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 24.4% share of Asia Pacific private LTE market in 2022. It was assessed at US$ 331.67 million in 2022 and is likely to hit US$ 864.70 million by 2030, exhibiting a CAGR of 12.7% during 2022–2030.
Key players operating in the Asia Pacific private LTE market are Cisco Systems Inc , Telefonaktiebolaget LM Ericsson , Huawei Investment & Holding Co Ltd , Samsung Group , Verizon Communications Inc , Star Solutions , Sierra Wireless Inc , and Kyndryl Holdings Inc , among others.
In August 2022, Samsung Electronics was selected to provide diverse 5G solutions to five government agencies and private institutions in Korea. This project is part of the government initiative to advance the country’s private 5G ecosystem, allowing non-telecom operators to build and operate 5G networks using 4.7GHz and 28GHz —dedicated frequency bands for private 5G networks in Korea .
In August 2020, Sierra Wireless launched its EM919x 5G NR Sub-6 GHz and mmWave embedded modules. Product Development Sierra Wireless launched its EM919x 5G NR Sub-6 GHz and mmWave embedded modules. With the help of the 5G module, telecom operators will be able to deploy secure connectivity worldwide at the highest possible speeds with ultra-low latency for mobile computing, routers, gateways, industrial automation, and many new Industrial IoT applications .
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 Asia Pacific 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 Asia Pacific 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.
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. Private LTE market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
5. Asia Pacific 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 – Asia Pacific Market Analysis
6.1 Private LTE Market Revenue (US$ Million), 2020–2030
6.2 Private LTE Market Forecast Analysis
7. Asia Pacific 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. Asia Pacific 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. Asia Pacific 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. Asia Pacific Private LTE market – Country Analysis
10.1 Asia Pacific Market Overview
10.1.1 Asia Pacific: Private LTE Market – Revenue and Forecast Analysis – by Country
10.1.1.1 Asia Pacific: Private LTE Market – Revenue and Forecast Analysis – by Country
10.1.1.2 China: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 China: Private LTE Market Breakdown, by Component
10.1.1.2.1.1 China: Private LTE Market Breakdown, by Services
10.1.1.2.2 China: Private LTE Market Breakdown, by Type
10.1.1.2.3 China: Private LTE Market Breakdown, by End user
10.1.1.3 Japan: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Japan: Private LTE Market Breakdown, by Component
10.1.1.3.1.1 Japan: Private LTE Market Breakdown, by Services
10.1.1.3.2 Japan: Private LTE Market Breakdown, by Type
10.1.1.3.3 Japan: Private LTE Market Breakdown, by End user
10.1.1.4 South Korea: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 South Korea: Private LTE Market Breakdown, by Component
10.1.1.4.1.1 South Korea: Private LTE Market Breakdown, by Services
10.1.1.4.2 South Korea: Private LTE Market Breakdown, by Type
10.1.1.4.3 South Korea: Private LTE Market Breakdown, by End user
10.1.1.5 India: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 India: Private LTE Market Breakdown, by Component
10.1.1.5.1.1 India: Private LTE Market Breakdown, by Services
10.1.1.5.2 India: Private LTE Market Breakdown, by Type
10.1.1.5.3 India: Private LTE Market Breakdown, by End user
10.1.1.6 Australia: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 Australia: Private LTE Market Breakdown, by Component
10.1.1.6.1.1 Australia: Private LTE Market Breakdown, by Services
10.1.1.6.2 Australia: Private LTE Market Breakdown, by Type
10.1.1.6.3 Australia: Private LTE Market Breakdown, by End user
10.1.1.7 Rest of Asia Pacific: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.7.1 Rest of Asia Pacific: Private LTE Market Breakdown, by Component
10.1.1.7.1.1 Rest of Asia Pacific: Private LTE Market Breakdown, by Services
10.1.1.7.2 Rest of Asia Pacific: Private LTE Market Breakdown, by Type
10.1.1.7.3 Rest of Asia Pacific: Private LTE Market Breakdown, by End user
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
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 Star Solutions
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 Sierra Wireless, 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 Kyndryl Holdings, Inc.
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
14. Appendix
14.1 About The the Reporting Teams
14.2 Word Index
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. Asia Pacific: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 8. China: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 9. China: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 10. China: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 11. China: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 12. Japan: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 13. Japan: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 14. Japan: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 15. Japan: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 16. South Korea: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 17. South Korea: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 18. South Korea: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 19. South Korea: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 20. India: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 21. India: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 22. India: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 23. India: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 24. Australia: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 25. Australia: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 26. Australia: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 27. Australia: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 28. Rest of Asia Pacific: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 29. Rest of Asia Pacific: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 30. Rest of Asia Pacific: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 31. Rest of Asia Pacific: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 32. Heat Map Analysis By Key Players
Table 33. List of Abbreviation
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. Asia Pacific Private LTE Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 22. Asia Pacific: Private LTE Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 23. China: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Japan: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. South Korea: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. India: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Australia: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Rest of Asia Pacific: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Company Positioning & Concentration
The List of Companies – Asia Pacific Private LTE Market
1. Cisco Systems Inc.
2. Telefonaktiebolaget LM Ericsson.
3. Huawei Investment & Holding Co Ltd.
4. Samsung Group.
5. Verizon Communications Inc.
6. Star Solutions.
7. Sierra Wireless, Inc.
8. Kyndryl Holdings Inc.
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