The private LTE market in North America is expected to reach US$ 2,064.48 million by 2028 from US$ 1014.42 million in 2021. The market is estimated to grow at a CAGR of 10.7% from 2021 to 2028.
The US, Canada, and Mexico are major economies in North America. The increasing adoption of the Industry 4.0, industrial IoT, and automated technology are significantly fuelling the demand for private LTE market. The continuous advancements in connectivity is the key parameter positively influencing the market. Increasing connected devices in manufacturing sector are generating a huge amount of data, and these data need to be analyzed effectively for smooth business operations. The increasing investments in machine-to-machine (M2M) and traditional IoT have enabled a significant increase in the economies of scale that drive the adoption of private LTE across the sector.
North America is among the worst hit regions by COVID-19. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. This led the governments to impose lockdowns to limit human movement, thereby leading the manufacturing facilities to experience lower than usual production volumes. The US is one of the largest markets for private LTE, especially due to widespread base of industrial and manufacturing sector. As the activities of aforesaid sectors have been stopped for few months, the production and distribution business of private LTE devices in the region had reduced. However, with ease on government measures on bans and recommence of manufacturing activities, the manufacturing units are getting commenced gradually. This will positively impact the production of LTE devices. Also, companies such as Verizon in October 2020, has introduced 5G Nationwide Network for more than 2,700 cities throughout the US. Such developments by leading players will help in positively contributing towards the market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the private LTE market. The North America private LTE market is expected to grow at a good CAGR during the forecast period.
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North America Private LTE Market Segmentation
North America Private LTE Market – By Component
- Solution
- Services
- Professional Services
- Managed Services
North America Private LTE Market- By Type
- FDD
- TDD
North America Private LTE Market – By End-User
- Manufacturing
- Energy & Utilities
- Healthcare
- Transportation
- Mining
- Others
North America Private LTE Market - By Country
- US
- Canada
- Mexico
North America Private LTE Market -Companies Mentioned
- Cisco Systems, Inc
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co., Ltd.
- Samsung Group
- Verizon communications, inc.
- CommScope Inc.
- Future Technologies, Inc.
- NetNumber, Inc.
- Star Solutions
- Sierra Wireless, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Type, and End- user
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Private LTE Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Expert Opinion
4.4 North America PEST Analysis
5. North America Private LTE Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rise in Adoption of IoT in Manufacturing Sector
5.1.2 Escalating Demand for Reliable and Efficient Communications Network Infrastructure
5.2 Market Restraints
5.2.1 Rise in Exploitation of IoT devices
5.3 Market Opportunities
5.3.1 Establishment of 5G network for Vendors Operating in Private LTE Market
5.3.2 Emanate Applications Expediting the Installation of Private Wireless Networks
5.4 Future Trends
5.4.1 Arrival of New Industrial and Residential Use Cases in the Near Future
5.5 Impact Analysis of Drivers and Restraints
6. Private LTE Market – North America Market Analysis
6.1 North America Private LTE Market Overview
6.2 Private LTE Market, Revenue and Forecast to 2028 (US$ Million)
7. North America Private LTE Market – By Component
7.1 Overview
7.2 Private LTE Market Breakdown, by Component (2020 and 2028)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Professional services
7.4.3.1 Overview
7.4.3.2 Professional services: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
7.4.4 Managed services
7.4.4.1 Overview
7.4.4.2 Managed services: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Private LTE Market – By Type
8.1 Overview
8.2 Private LTE Market Breakdown, by Type (2020 and 2028)
8.3 FDD
8.3.1 Overview
8.3.2 FDD: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
8.4 TDD
8.4.1 Overview
8.4.2 TDD: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Private LTE Market – By End-User
9.1 Overview
9.2 Private LTE Market Breakdown, by End-User (2020 and 2028)
9.3 Manufacturing
9.3.1 Overview
9.3.2 Manufacturing: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Energy & utilities
9.4.1 Overview
9.4.2 Energy & utilities: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Healthcare
9.5.1 Overview
9.5.2 Healthcare: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Transportation
9.6.1 Overview
9.6.2 Transportation: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Mining
9.7.1 Overview
9.7.2 Mining: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Private LTE Market – Country Analysis
10.1 Overview
10.1.1 North America: Private LTE market Revenue Share, by Key Country
10.1.1.1 US: Private LTE market, Revenue and Forecast to 2028
10.1.1.1.1 US: Private LTE Market, by Component
10.1.1.1.1.1 US: Private LTE Market, by Services
10.1.1.1.2 US: Private LTE Market, by Type, 2018
10.1.1.1.3 US: Private LTE Market, by End-User
10.1.1.2 Canada: Private LTE market, Revenue and Forecast to 2028
10.1.1.2.1 Canada: Private LTE Market, by Component
10.1.1.2.1.1 Canada: Private LTE Market, by Services
10.1.1.2.2 Canada: Private LTE Market, by Type
10.1.1.2.3 Canada: Private LTE Market, by End-User
10.1.1.3 Mexico: Private LTE market, Revenue and Forecast to 2028
10.1.1.3.1 Mexico: Private LTE Market, by Component
10.1.1.3.1.1 Mexico: Private LTE Market, by Services
10.1.1.3.2 Mexico: Private LTE Market, by Type
10.1.1.3.3 Mexico: Private LTE Market, by End-User
11. Impact of COVID-19 Pandemic on North America Private LTE Market
11.1 Overview
12. Private LTE Market - Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New DEvelopment
13. Private LTE Market- 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 Technologies 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 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 NetNumber, 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 Star Solutions
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 Sierra Wireless, 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 Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Private LTE Market, Revenue and Forecast to 2028 (US$ Million)
Table 2. US: Private LTE Market, by Component, Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Private LTE Market, by Services, Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Private LTE Market, by Type, Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Private LTE Market, by End-User, Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Private LTE Market, by Component, Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Private LTE Market, by Services, Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Private LTE Market, by Type, Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Private LTE Market, by End-User, Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Private LTE Market, by Component, Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Private LTE Market, by Services, Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Private LTE Market, by Type, Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Private LTE Market, by End-User, Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Term: Private LTE Market
LIST OF FIGURES
Figure 1. North America Private LTE Market Segmentation
Figure 2. North America Private LTE Market Segmentation – By Country
Figure 3. Services segment to dominate the North America private LTE market by component throughout the forecast period
Figure 4. Managed services segment to witness high growth in the North America private LTE market by component throughout the forecast period
Figure 1. FDD segment witness high growth in the North America private LTE market by type throughout the forecast period
Figure 1. Manufacturing segment witness high growth in the North America private LTE market by end user throughout the forecast period
Figure 2. North America Private LTE Market Overview
Figure 3. US holds a largest share in the private LTE market
Figure 4. North America Private LTE Market Ecosystem Analysis
Figure 5. Expert Opinion
Figure 6. North America Private LTE Market - PEST Analysis
Figure 7. North America Private LTE Market Impact Analysis of Drivers and Restraints
Figure 8. North America Private LTE Market, Revenue and Forecast to 2028 (US$ Million)
Figure 9. North America Private LTE Market Revenue Share, by Component (2020 and 2028)
Figure 10. North America Solution: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Services: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Professional services: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Managed Services: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Private LTE Market Revenue Share, by Type (2020 and 2028)
Figure 15. North America FDD: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America TDD: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Private LTE Market Revenue Share, by End-User (2020 and 2028)
Figure 18. North America Manufacturing: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Energy & utilities: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Healthcare: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Transportation: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Mining: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Others: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Private LTE market Revenue Share, by Key Country-Revenue 2020 (US$ MIllion)
Figure 25. North America: Private LTE market Revenue Share, by Country (2020 &2028)
Figure 26. US: Private LTE Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Canada: Private LTE Market – Revenue and Forecast, Revenue and Forecast To 2028 (US$ Million)
Figure 28. Mexico: Private LTE Market – Revenue and Forecast 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in North American Country Markets
- Cisco Systems, Inc
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co., Ltd.
- Samsung Group
- Verizon Communications, Inc.
- CommScope Inc.
- Future Technologies, Inc.
- NetNumber, Inc.
- Star Solutions
- Sierra Wireless, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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