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

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

  • June 2021 •
  • 134 pages •
  • Report ID: 6103195 •
  • Format: PDF
The private LTE market in Europe is expected to reach US$ 2,020.88 million by 2028 from US$ 902.06 million in 2021. The market is estimated to grow at a CAGR of 12.2% from 2021 to 2028. The increasing adoption of the Industry 4.0, industrial IoT, and automated technology are significantly fueling the demand for private LTE. Moreover, the continuous advancements in connectivity drive the market growth. Increasing connected devices in the manufacturing sector are generating a huge amount of data, and this data needs to be analyzed effectively for smooth business operations. The rising investments in machine-to-machine (M2M) and traditional IoT have enabled a significant increase in the economies of scale that propelled the adoption of private LTE across the manufacturing sector. Additionally, surging demand for reliable and efficient communications network infrastructure is among the other factors expected to bolster the growth of the Europe private LTE market during the forecast period.
The Europe private LTE market for the TDD segment is expected to grow faster during the forecast period.Time division duplex (TDD) does not require paired spectrum, as transmission and receiving take place at the same channel.

It has a low hardware cost as no diplexer is needed to isolate the receiver and transmitter.The propagation is same in both the direction.

Due to the high-speed nature of the data, the communicating parties cannot tell that the transmissions are intermittent.The transmissions are concurrent rather than simultaneous.

Due to the lower cost and faster transmission, the adoption of TDD is expected to be high during the forecast period.
In Europe, Spain, Italy, Germany, the UK, and France are among the worst affected member states due to the COVID-19 outbreak.Russia, Germany, Turkey, and the UK are a few of the countries with millions of internet users and mobile subscribers.

European countries are the major markets for private LTE demand.The western European countries witness high demand for LTE due to established IT infrastructure.

The maturity of IT infrastructure is mainly ascribed to high awareness related to the advanced technologies, strong internet infrastructure, and capital investment capability among companies in the region. As Europe has the presence of well-established healthcare and manufacturing industries, the demand for reliable internet connectivity from the same industries has increased during the COVID-19 outbreak to keep business activities uninterrupted. The growing demand for reliable connection would drive the private LTE market growth in Europe amid the pandemic
The overall Europe 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 Europe 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 Europe 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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