The mining sector is estimated to register an impressive CAGR of over 33% in the private LTE market between 2018 and 2024. The technology helps the industry in automating key mining functions to gain operational efficiencies. These networks offer the low latency needed to operate the autonomous systems such as drills and drones in harsh, remote environments.
Vehicular routers in the private LTE market are projected to grow at a CAGR of over 32% over the forecast timeline. The market growth is driven by their ability to provide fast and reliable wireless connectivity for deployments where wired options are too expensive. These routers enable seamless connectivity and are crucial for enabling various applications such as fleet management, video surveillance and monitoring of connected mobile assets.
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Another factor accelerating the private LTE market growth is the tremendous increase in the number of connected devices and sensors that utilize the dedicated networks to meet the communication and networking requirements of the smart city applications. The applications including, smart transportation, smart lighting, waste management, and smart roads are expected to drive the demand for next-generation networks such as LTE-A and 5G to support the networking requirements in terms of reliability, interoperability and security.
The increasing importance imparted to network stability & wireless communication to speed up network capability has been stimulating private LTE market share. Nowadays, private LTE is used extensively for numerous beneficial purposes such as real-time monitoring, geo positioning activities, in the mobile devices, energy utilities, telecommunication applications, and automotive equipment. The rapid acceptance of long-term evolution (LTE) for high-speed wireless communication across numerous industrial sectors has been encouraging companies in private LTE market to adopt LTE network connectivity.
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Private LTE market is gaining momentum with the increase in deployments for various use cases such as enterprise IIoT applications, defense, transportation, energy and mining. A dedicated network enables organizations to control their own networking environment, customize it as per their requirements and ensures more coverage. For instance, in the critical communications industry, LTE has emerged as one of the most widely adopted networks. The network enables the use of various applications such as live streaming during emergency situations or directing mission-critical assets.
Some Point from Table of Contents:
Chapter 4. Competitive Landscape, 2017
4.2. Competitive analysis of key market players
4.3. Competitive analysis of other prominent vendors
4.3.1. Boingo Wireless
Chapter 5. Private LTE Market, By Component
5.1. Key trends, by component
5.2.1. Product market estimates and forecast, 2014-2024
188.8.131.52. Infrastructure market estimates and forecast, 2014-2024
184.108.40.206. Evolved Packet Core (EPC)
220.127.116.11.1. EPC market estimates and forecast, 2014-2024
18.104.22.168.1. Backhaul market estimates and forecast, 2014-2024
22.214.171.124.1. eNodeB market estimates and forecast, 2014-2024
126.96.36.199. Device market estimates and forecast, 2014-2024
188.8.131.52.1. Smartphones market estimates and forecast, 2014-2024
184.108.40.206. Handheld terminals
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