Europe Private LTE Market to Set Astonishing Growth USD 3 Billion by 2026

Author : Ronak Bora | Published Date : 2021-09-01 

Europe private LTE market size is set to exceed USD 3 billion through 2026. The growing need for network solutions in public safety applications is pushing Europe private LTE market forecast. LTE is a fourth-generation wireless standard that delivers enhanced network capacity and speed for cell phones and other cellular devices as compared to third-generation technology. It also played a crucial role in the development of the current 5G standard, known as 5G New Radio.

AT&T Inc., Cisco Systems Inc., Casa Systems Inc., General Dynamics Corporation, Huawei Technologies Co. Ltd., Telefonaktiebolaget LM Ericsson, Nokia Corporation, Samsung Electronics Co. Ltd., and Qualcomm Incorporated are among the leading private LTE solution providers in Europe private LTE market.

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Emphasis on 5G deployment across U.K.

Due to growing demand for 5G networks, UK accounted for more than 30% share of Europe private LTE market in 2019.  The COVID-19 pandemic compelled firms to adopt virtual working methods. 5G is at the core of the future of communications, from linking automobiles to changing healthcare. Because of the latency and bandwidth advances that 5G may provide, it is likely to aid in the advancement of IoT. Transportation, farming, manufacturing, and smart cities are some of the IoT applications will benefit from mobile and cellular connection.

Under the European Commission’s 5G Action Plan, pre-commercial testing of 5G began in 2018. 5G commercial services are offering both 26 GHz and 3.4–3.8 GHz across the region. Thanks to this initiative, by 2025, all metropolitan areas and key terrestrial transportation routes are projected to have 5G coverage across Europe.

Germany to see multiple 5G experiments

Through 2026, the Germany private LTE market size is expected to develop considerably. To be better equipped with new technologies, telecom providers in the nation are updating their network infrastructure and undertaking multiple 5G experiments. For instance, In May 2021, the EU approved a 2.1 billion euro German plan for 4G/LTE and 5G networks. Germany plans to build high-speed 4G/LTE and 5G networks in places where there is now just a 2G network. The scheme is anticipated to benefit mobile network companies, fostering Europe private LTE market outlook.

Demand for handheld terminals

In 2019, the handheld terminal segment accounted for more than 40% of the Europe private LTE industry share. Handheld terminals contribute to the delivery of advanced features that are not available in consumer-grade cellphones. These gadgets also give additional benefits by decreasing downtime and increasing corporate efficiency. 

IIoT and LTE adoption across manufacturing sector

Europe private LTE market share from the manufacturing sector is expected to grow at a CAGR of more than 20% between 2020 and 2026. Industry 4.0 is gaining traction across smart wireless manufacturing. In order to address the growing trend of digital workspaces and mass customization, several manufacturing companies are using industrial IoT and private LTE networks.

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Several businesses are looking out for new revenue streams which would potentially thrive in the post-COVID-19 world. New online business models have evolved as a result of these initiatives, which are largely supported by digital platforms. According to the Global Mobile Suppliers Association, there were 717 operators globally with commercially deployed LTE networks as of March 2019. With the adoption rate spiraling steadily in Europe as well, the regional Europe private LTE market is set to make a mark through 2026.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Research methodology

1.2    List of data sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2   Market Snapshot

2.1    Europe private LTE market snapshot, 2015 - 2026

Chapter 3   Europe Private LTE Trends

3.1    Industry coverage

3.2    Industry size, 2015 -2026

3.3    Impact of COVID-19

3.4    Value chain analysis

3.4.1    Company product snapshot

3.5    Innovation landscape

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Growth drivers    Market drivers    Market restraints

3.8    Industry analysis -Porter’s five forces

3.9    Competitive benchmarking, 2019

3.9.1    Strategy dashboard

3.10    PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1682/europe-private-lte-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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