North America Private LTE Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), Type (FDD and TDD), and End- user (Manufacturing, Energy & Utilities, Healthcare, Transportation, Mining, and Others)
Market Introduction
North America comprises of the US, Canada, and Mexico. The US is a developed country in terms of modern technology, the standard of living, infrastructure, and many others. Across North America, technological advancements have led to highly competitive markets. With the increasing demand from customers for high-quality products and services, thus, the market players are constantly focusing on innovating to serve their customers in the best possible way. The internet plays a critical business function in North America, and the US, in particular. 5G network fixed wireless is one of the prominent areas where the US is playing a vital role and also enhancing the connectivity network across North America. Also, rise in adoption of IoT in manufacturing sector is the major factor driving the growth of the North America private LTE market.
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.
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Market Overview and Dynamics
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 market for 5G infrastructure consists of a few well-established players across the world that invest huge amounts to deliver the most advanced service to the customers. Also, there are many stakeholders in the 5G ecosystem that are involved in the end-to-end development of 5G technology and ensure that the best service is made available for users by the first half of 2020. Government funding for R&D, strategic partnerships between chipset manufacturers, equipment vendors, network operators and government bodies are anticipated to enable huge surges in the market for 5G during the forecast period. Vendors operating in LTE market have huge opportunity to tap the 5G market during the forecast period.
Key Market Segments
The North America private LTE market is segmented into component, type, end-user, and country. Based on component, the market is segmented into solution and services. The services segment dominated the market in the year 2020 and is also expected to be the fastest growing during forecast period. Based on type, the market is segmented into FDD and TDD. The FDD segment dominated the market in year 2020 and TDD segment is expected to be the fastest growing during the forecast period. Based on end- user, the market is segmented into manufacturing, energy & utilities, healthcare, transportation, mining, and others. The manufacturing segment dominated the market in year 2020 and transportation segment is expected to be the fastest growing during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the private LTE market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cisco Systems, Inc; Telefonaktiebolaget LM Ericsson; Huawei Technologies Co., Ltd.; Samsung Group; Verizon Communications, Inc.; CommScope Inc.; Future Technologies, Inc.; NetNumber, Inc.; Star Solutions; and Sierra Wireless, Inc. among others.
Reasons to buy report
- To understand the North America private LTE market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America private LTE market
- Efficiently plan M&A and partnership deals in North America private LTE market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America private LTE market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
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 -Company Profiles
- 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.
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.
- 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.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America Private LTE market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving Private LTE market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution