Europe Private LTE Market Forecast to 2030
Europe 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
Growing Demand for Reliable and Efficient Communications Network Infrastructure Drives Europe Private LTE Market.
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.
Europe Private LTE Market Overview
Countries in the European Union (EU) have several key manufacturing industries, such as automotive, aerospace, machinery & equipment, military vehicles, and shipbuilding. The automotive industry in these countries is contributing to their GDP. Europe is a prominent producer of motor vehicles and is home to several premium automotive manufacturers. LTE wireless networks are on the horizon, and IoT is gaining importance as devices are predicted to form a foremost portion of this network concept. The Europe market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Megacities in Germany, the UK, and France are observed to be the nodes of the growth of IoT, boosting the implementation of these technologies in other developing cities across Europe, including several cities in Russia.
The telecom infrastructure in Europe requires modification in the investment framework to safeguard the deployment of ultra-fast network services across Europe. One of the primary reasons for developing telecom infrastructure is to have better access networks across Europe with the exponential demands for higher bandwidth internet applications and value-added services. The significant features of new access networks such as private LTE consist of the convergence of wired and wireless transmission, development, and the adoption of advanced technology smartphones that connect efficiently with these networks. Therefore, European regulatory bodies and telecom authorities actively focus on developing these networks. Implementing LTE technology can greatly impact the design of IoT ecosystems, especially in scalability, reliability, latency, and security. IoT and advanced networks support a wide range of manufacturing use cases, making it possible to boost manufacturing processes through a single communication system. The private LTE network is also gaining pace as it captures real-time data and permits remote machinery control. The growing adoption of IoT is also boosting efficiency and optimizing the value manufacturers can provide to their customers.
Europe Private LTE Market Revenue and Forecast to 2030 (US$ Million)
Europe Private LTE Market Segmentation
The Europe private LTE market is segmented based on component, type, end user, and country. Based on component, the Europe private LTE market is segmented into solution and services .
The solution segment held a larger market share in 2022. The services segment is further bifurcated into professional and managed services.
Based on type, the Europe private LTE market is bifurcated into FDD and TDD. The FDD held a larger market share in 2022.
Based on end user, the Europe 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 Europe private LTE market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated the Europe private LTE market share in 2022.
Cisco Systems Inc, Telefonaktiebolaget LM Ericsson, Huawei Investment & Holding Co Ltd, Samsung Group, Verizon Communications Inc, CommScope Holding Co Inc, Star Solutions, Sierra Wireless Inc, and Kyndryl Holdings Inc are some of the leading companies operating in the Europe private LTE market.
Summary Info
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According to the Research Team’ research, the Europe private LTE market was valued at US$ 1,457.49 million in 2022 and is expected to reach US$ 2,923.36 million by 2030, registering a CAGR of 9.1% from 2022 to 2030. Opportunities in developing economies and demand for ultra-reliable, low latency communication are among the critical factors attributed to the Europe private LTE market expansion.
Private LTE networks are becoming increasingly popular in developing countries as they offer several advantages over traditional public cellular networks. Advantages such as:
•Improved security and privacy: Private LTE networks can be customized to meet businesses’ and organizations’ specific security and privacy needs. This is important for companies that handle sensitive data, such as banks and hospitals.
•Greater control: Businesses and organizations control a private LTE network more than a public cellular network. This means they can tailor the web to their needs and requirements.
Private LTE is used in several sectors, such as agriculture, manufacturing, healthcare, and education, in developing countries.
Further, the market for private LTE in developing countries is expected to increase in the coming years due to the easy availability of LTE equipment, the growing demand for reliable and secure connectivity, and the increasing number of businesses and organizations adopting digital technologies.
On the contrary, 5G deployment with private LTE devices the growth of Europe private LTE market.
Based on component, the Europe private LTE market is bifurcated into solution and services. The solution segment held 58.5% market share in 2022, amassing US$ 852.92 million. It is projected to garner US$ 1,629.95 million by 2030 to expand at 8.4% CAGR during 2022–2030.
Based on services, the Europe private LTE market is bifurcated into professional services and managed services . The managed services segment held 61.5% share of Europe private LTE market in 2022, amassing US$ 372.02 million. It is projected to garner US$ 828.68 million by 2030 to expand at 10.5% CAGR during 2022–2030.
By type, the Europe private LTE market is bifurcated into FDD and TDD . The FDD segment held 56.2% share of Europe private LTE market in 2022, amassing US$ 818.76 million. It is projected to garner US$ 1,397.67 million by 2030 to expand at 6.9% CAGR during 2022–2030.
In terms of end user, the Europe private LTE market is segmented into manufacturing , energy & utilities , healthcare, transportation, mining, and others . The manufacturing segment held 32.0% share of Europe private LTE market in 2022, amassing US$ 466.28 million. It is projected to garner US$ 799.15 million by 2030 to expand at 7.0% CAGR during 2022–2030.
Based on country, the Europe private LTE market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 30.0% share of Europe private LTE market in 2022. It was assessed at US$ 436.52 million in 2022 and is likely to hit US$ 763.72 million by 2030, exhibiting a CAGR of 7.2% during 2022–2030.
Key players operating in the Europe private LTE market are Cisco Systems Inc , Telefonaktiebolaget LM Ericsson , Huawei Investment & Holding Co Ltd , Samsung Group , Verizon Communications Inc , CommScope Holding Co Inc , Star Solutions , Sierra Wireless Inc , and Kyndryl Holdings Inc , among others.
In April 2021, Verizon signed with Associated British Ports (ABP) to deploy a Private 5G/LTE Network at the Port of Southampton. The 5G platform provided a secure, low-latency private network connection to all 21 ports where ABP operates . In February 2020, Inseego was working to partner with CommScope on 3.5GHz equipment for sale to enterprises. The situation highlighted interest in the market for private wireless LTE networks.
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 Europe 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 Europe 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. Europe Private LTE market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. Europe 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 – Europe Market Analysis
6.1 Private LTE Market Revenue (US$ Million), 2020–2030
6.2 Private LTE Market Forecast Analysis
7. Europe 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. Europe 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. Europe 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. Europe Private LTE Market – Country Analysis
10.1 Europe Market Overview
10.1.1 Europe: Private LTE Market – Revenue and Forecast Analysis – by Country
10.1.1.1 Europe: Private LTE Market – Revenue and Forecast Analysis – by Country
10.1.1.2 Germany: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Germany: Private LTE Market Breakdown, by Component
10.1.1.2.1.1 Germany: Private LTE Market Breakdown, by Services
10.1.1.2.2 Germany: Private LTE Market Breakdown, by Type
10.1.1.2.3 Germany: Private LTE Market Breakdown, by End user
10.1.1.3 United Kingdom: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 United Kingdom: Private LTE Market Breakdown, by Component
10.1.1.3.1.1 United Kingdom: Private LTE Market Breakdown, by Services
10.1.1.3.2 United Kingdom: Private LTE Market Breakdown, by Type
10.1.1.3.3 United Kingdom: Private LTE Market Breakdown, by End user
10.1.1.4 France: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 France: Private LTE Market Breakdown, by Component
10.1.1.4.1.1 France: Private LTE Market Breakdown, by Services
10.1.1.4.2 France: Private LTE Market Breakdown, by Type
10.1.1.4.3 France: Private LTE Market Breakdown, by End user
10.1.1.5 Italy: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 Italy: Private LTE Market Breakdown, by Component
10.1.1.5.1.1 Italy: Private LTE Market Breakdown, by Services
10.1.1.5.2 Italy: Private LTE Market Breakdown, by Type
10.1.1.5.3 Italy: Private LTE Market Breakdown, by End user
10.1.1.6 Russia: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 Russian Federation: Private LTE Market Breakdown, by Component
10.1.1.6.1.1 Russian Federation: Private LTE Market Breakdown, by Services
10.1.1.6.2 Russian Federation: Private LTE Market Breakdown, by Type
10.1.1.6.3 Russian Federation: Private LTE Market Breakdown, by End user
10.1.1.7 Rest of Europe: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.7.1 Rest of Europe: Private LTE Market Breakdown, by Component
10.1.1.7.1.1 Rest of Europe: Private LTE Market Breakdown, by Services
10.1.1.7.2 Rest of Europe: Private LTE Market Breakdown, by Type
10.1.1.7.3 Rest of Europe: 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 CommScope Holding Company, 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 Star Solutions
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 Sierra Wireless, 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
13.9 Kyndryl Holdings, 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
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. Europe: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 8. Germany: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 9. Germany: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 10. Germany: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 11. Germany: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 12. United Kingdom: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 13. United Kingdom: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 14. United Kingdom: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 15. United Kingdom: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 16. France: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 17. France: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 18. France: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 19. France: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 20. Italy: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 21. Italy: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 22. Italy: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 23. Italy: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 24. Russian Federation: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 25. Russian Federation: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 26. Russian Federation: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 27. Russian Federation: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 28. Rest of Europe: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 29. Rest of Europe: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 30. Rest of Europe: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 31. Rest of Europe: 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. Europe Private LTE Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 22. Europe: Private LTE Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 23. Germany: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. United Kingdom: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. France: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Italy: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Russia: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Rest of Europe: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Company Positioning & Concentration
The List of Companies – Europe 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. CommScope Holding Co Inc.
7. Star Solutions.
8. Sierra Wireless, Inc.
9. Kyndryl Holdings Inc.
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