Private LTE & 5G Network Market Cover Page

U.S. Private LTE & 5G Network Market

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U.S. Private LTE & 5G Network Market Outlook 2031

The U.S. Private LTE & 5G network market size was valued at USD 2.47 Billion in 2022 and is expected to reach USD 2.98 Billion by 2031, expanding at a CAGR of 2.12% during the forecast period, 2023 and 2031.  The growth of the market is attributed to the rising acquisition of private LTE & 5G networks for the various applications of smart city and Internet of Things (IoT).

A private LTE & 5G network is a private network that is confined to be used by an enterprise and is used for connecting the things or people of that enterprise efficiently. This networking infrastructure enables the user to have complete control over the network that enables them to modify the network as per the needed requirements. 

 U.S. Private LTE & 5G Network Market Outlook

The application of IoT is increasing gradually in regards to public safety, energy, transportation, and manufacturing which is increasing the demand for this network used in the businesses utilizing the IoT ecosystem. This network is basically operated in three frequency spectrums that include multefire and citizens broadband radio service (CBRS) band.

In the U.S. the CBRS occupies a frequency of 150MHz in the C-band of the shared spectrum. However, spectrum bands for 5G have been released by the U.S. Federal Communications Commission (FCC). These bands are at various ranges of frequency including unlicensed, low band, mid-band, high band.


The private LTE connections majorly use shared spectrum and unlicensed bands resulting in the deployment of various telecom providers to 5G network. 5G network has various benefits that include low latency connectivity, enhanced data capacity, and others resulting in the integration of multi-cloud platforms in the office and other facility locations. These centralized high-speed networks provide secured and ultra-high bandwidth connectivity.

The COVID-19 pandemic had an adverse effect on various industries and shattered the global economy emergency lockdown, social distancing, and other regulations imposed by the local governments across the various parts of the world. However, the pandemic had a positive impact on the U.S. private LTE & 5G network market owing to the growing dependence of customers on online businesses.

U.S. Private LTE & 5G Network Market Trends, Drivers, Restraints, and Opportunities

  • The increasing insistence of private networks out of the use cases such as heavy machinery automation, cloud robots, automated guided vehicles, industrial sensors, and others is expected to propel the market growth.
  • Presence of unlicensed spectrum including multefire bands and CBRS is anticipated to fuel the market growth in the coming years.
  • Interference occurring in frequency bands is estimated to act as a restraining point that can hamper the market growth over the forecast period.
  • Deployment of network infrastructure is high in cost and requires an authorized license which is a key challenge that can restrain the market expansion.
  • Rising adoption of industrial internet of things (IIoT) and launch of industry 4.0 for the automation of processes are expected to create lucrative opportunities for the market growth.

Scope of U.S. Private LTE & 5G Network Market Report

The report on the U.S private LTE & 5G network market includes an assessment of the market, trends, and segments. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Private LTE & 5G Network Market - U.S. Industry Analysis, Growth, Share, Size, Trends, And Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Components (Software, Hardware [Backhaul & Transport, Core Network, and Radio Access Network], and Services [Installation & Integration, Support & Maintenance, and Data Services]), Frequencies (mmWave and Sub-6 GHz), Spectrums (Unlicensed/Shared and Licensed), and Verticals (Public Safety, Energy & utilities, Enterprises & Campus, Defence, Healthcare/Hospitals, Public Venues, Oil & Gas, Mining, Smart Cities, Retail, Agriculture, Transport & Logistics [Vehicle to Everything Connectivity, Airports, Warehouse, Ports, and Rail], Manufacturing [Food & Beverages, Automotive, Pharmaceuticals, Electrical & Electronics, Clothing & Accessories, and Heavy Machinery], and Others)

Country

The U.S

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Verizon Communications; AT&T INC.; Cisco Systems, Inc.; Broadcom Inc.; Mavenir; Samsung Electronics Co., Ltd.; Nokia Corp.; Telefonaktiebolaget LM Ericsson; Altiostar; and T-Mobile USA, INC.

U.S. Private LTE & 5G Network Market Segment Insights

Components Segment Analysis

On the basis of components, the U.S. private LTE & 5G network market is divided into software, hardware, and services. The hardware segment is further divided into backhaul & transport, core network, and radio access network. And the services segment is further divided into installation & integration, support & maintenance, and data services.

The hardware segment dominated the market in 2019 owing to the increasing deployment of transport equipment, backhaul, and core network towards private LTE & 5G networks. On the other hand, the services segment is estimated to extend at a high CAGR attributed to the deployment and integration towards 5G networks.

 U.S. Private LTE & 5G Network Market Components Segmentation

Frequencies Segment Analysis

Based on frequencies, the market is bifurcated into mmWave and sub-6 GHz. The sub-6 GHz segment dominated the market in 2019 attributed to the serious focus of the federal government in releasing the sub-GHz frequencies. However, the mmWave segment is anticipated to inscribe a high CAGR owing to the increasing focus on releasing these frequencies for mission-critical applications.

 U.S. Private LTE & 5G Network Market Frequencies Segmentation

Spectrums Segment Analysis

On the basis of spectrums, the U.S. private LTE & 5G network market is bifurcated into unlicensed/shared and licensed. The unlicensed/ shared spectrum segment led the market in 2019 and is expected to dominate the market over the forecast period as it is highly preferred due to its easy accessibility and affordable cost contradicting licensed spectrums which are comparatively high in cost.

Verticals Segment Analysis

Based on verticals, the market is segmented into public safety, energy & utilities, enterprises & campus, defense, healthcare/hospitals, public venues, oil & gas, mining, smart cities, retail, agriculture, transport & logistics, manufacturing, and others.

The transport & logistics segment is further segmented into vehicle to everything connectivity, airports, warehouse, ports, and rail. And the manufacturing segment is further segmented into food & beverages, automotive, pharmaceuticals, electrical & electronics, clothing & accessories, and heavy machinery.

The transport & logistics segment held a key share of the market in 2019 attributed to escalating urge for improved and secured network connectivity by the railway stations and airports.

On the other hand, the manufacturing segment held a large share of the market in 2019 and is anticipated to lead the market in the coming years attributed to the rising urge for private network infrastructure among several manufacturing facilities to improve the overall operational efficiency and productivity.

Segments

The U.S. private LTE & 5G network market has been segmented on the basis of

Components

  • Software
  • Hardware
    • Backhaul & Transport
    • Core Network
    • Radio Access Network
  • Services
    • Installation & Integration
    • Support & Maintenance
    • Data Services

Frequencies

  • mmWave
  • Sub-6 GHz

Spectrums

  • Unlicensed/Shared
  • Licensed

Verticals

  • Public Safety
  • Energy & utilities
  • Enterprises & Campus
  • Defence
  • Healthcare/Hospitals
  • Public Venues
  • Oil & Gas
  • Mining
  • Smart Cities
  • Retail
  • Agriculture
  • Transport & Logistics
    • Vehicle to Everything Connectivity
    • Airports
    • Warehouse
    • Ports
    • Rail
  • Manufacturing
    • Food & Beverages
    • Automotive
    • Pharmaceuticals
    • Electrical & Electronics
    • Clothing & Accessories
    • Heavy Machinery
  • Others

Country

  • U.S

Key Players

  • Verizon Communications
  • AT&T INC.
  • Cisco Systems, Inc.
  • Broadcom Inc.
  • Mavenir
  • Samsung Electronics Co., Ltd.
  • Nokia Corp.
  • Telefonaktiebolaget LM Ericsson
  • Altiostar
  • T-Mobile USA, INC.

Competitive Landscape

Key players competing in the U.S. private LTE & 5G network market are Verizon Communications; AT&T INC.; Cisco Systems, Inc.; Broadcom Inc.; Mavenir; Samsung Electronics Co., Ltd.; Nokia Corp.; Telefonaktiebolaget LM Ericsson; Altiostar; and T-Mobile USA, INC.

Many of these players have adopted business strategies such as partnerships, acquisitions, alliances, and mergers in order to increase their operation expansion, consumer base, and market position globally. For instance, Nokia collaborated with AT&T in June 2020 for the co-creation of the software platform of RAN Intelligent Controller.

 U.S. Private LTE & 5G Network Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Private LTE & 5G Network Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Private LTE & 5G Network Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Private LTE & 5G Network Market - Supply Chain
  4.5. Global Private LTE & 5G Network Market Forecast
     4.5.1. Private LTE & 5G Network Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Private LTE & 5G Network Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Private LTE & 5G Network Market Absolute $ Opportunity
5. Global Private LTE & 5G Network Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Private LTE & 5G Network Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Private LTE & 5G Network Demand Share Forecast, 2019-2026
6. North America Private LTE & 5G Network Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Private LTE & 5G Network Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Private LTE & 5G Network Demand Share Forecast, 2019-2026
7. Latin America Private LTE & 5G Network Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Private LTE & 5G Network Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Private LTE & 5G Network Demand Share Forecast, 2019-2026
8. Europe Private LTE & 5G Network Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Private LTE & 5G Network Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Private LTE & 5G Network Demand Share Forecast, 2019-2026
9. Asia Pacific Private LTE & 5G Network Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Private LTE & 5G Network Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Private LTE & 5G Network Demand Share Forecast, 2019-2026
10. Middle East & Africa Private LTE & 5G Network Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Private LTE & 5G Network Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Private LTE & 5G Network Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Private LTE & 5G Network Market: Market Share Analysis
  11.2. Private LTE & 5G Network Distributors and Customers
  11.3. Private LTE & 5G Network Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Verizon Communications
     11.4.2. AT&T INC.
     11.4.3. Cisco Systems, Inc.
     11.4.4. Broadcom Inc.
     11.4.5. Mavenir
     11.4.6. Samsung Electronics Co., Ltd.
     11.4.7. Nokia Corp.
     11.4.8. Telefonaktieb

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