Asia-Pacific Private LTE Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, Type, and End- user

Asia-Pacific Private LTE Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, Type, and End- user

  • June 2021 •
  • 135 pages •
  • Report ID: 6103148 •
  • Format: PDF
The private LTE market in APAC is expected to reach US$ 2,560.44 million by 2028 from US$ 880.98 million in 2021. The market is estimated to grow at a CAGR of 16.5% from 2021 to 2028. The advent of private LTE has brought a host of new use cases for industrial and residential uses that are anticipated to be enabled by the evolving networks over the course of years. Fixed Wireless Access (FWA) for residential use and distributed cloud for industries could be examples of these kind. The market competing with fixed broadband access is driving a need for higher bandwidth. The objective is to provide fiber-like speeds that can meet the demand for residential streaming services, such as TV and video. However, there is a limited business case to provide fixed broadband alternatives. Typical data speed demand ranges from 50 to 200 Mbps. In the market, there are virtually no existing fixed broadband alternatives, and the dominant way of accessing the internet is through mobile networks on a smartphone. Additionally, the advent of 5G network for vendors operating in the APAC private LTE market propels the market growth.
Based on end-user, the manufacturing segment led the APAC private LTE market in 2020.Private LTE lays a manufacturing site’s network so that the robotic devices don’t have to strive for coverage.

The network provides a higher quality of service for a particular device. It offers a network that is fully prepared for 5G.
The COVID-19 outbreak has resulted in a massive financial loss in APAC.The governments in APAC countries are taking possible steps to reduce its effects by announcing lockdown, which is negatively affecting the manufacturing sector.

China, India, South Korea, and Taiwan dominate the global manufacturing sector with significantly unparalleled and large numbers of manufacturing units.Since the emergence of the outbreak, the country has undergone several lockdown phases, which has hindered the manufacturing and construction industries.

Since manufacturing is one of the prominent businesses of Asia, the scope of industry 4.0 is expanding in the region. With growing proliferation of industry 4.0, the demand for private LTE would rise in Asian economies in coming years. With ease in government measures and manufacturing units getting started to work with full capacity, the demand for industry 4.0 will continue to rise. This factor is anticipated to create lucrative opportunities for the private LTE market during the forecast period.
The overall APAC private LTE market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the APAC private LTE market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the APAC private LTE market. Cisco Systems, Inc; Telefonaktiebolaget LM Ericsson; Huawei Technologies Co., Ltd.; Samsung Group, Verizon Communications, Inc.; CommScope Inc; NetNumber, Inc.; Star Solutions; and Sierra Wireless, Inc. are among the players operating in the market.
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