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U.S. Private LTE And 5G Network Market Size Worth USD 5.68 Billion By 2027 Growing At A 17.0% | Grand View Research, Inc.

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U.S. Private LTE And 5G Network Market Size Worth USD 5.68 Billion By 2027 Growing At A 17.0% | Grand View Research, Inc.

July 19
14:15 2021
U.S. Private LTE And 5G Network Market Size Worth USD 5.68 Billion By 2027 Growing At A 17.0% | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, key drivers attributed to the market expansion include increased adoption of private LTE and 5G networks for the Internet of Things (IoT) and smart city applications.

The U.S. private LTE & 5G network market size is anticipated to reach USD 5.68 billion by 2027, expanding at a CAGR of 17.0% from 2020 to 2027, according to a new report by Grand View Research, Inc. This report focuses on the private 5G use cases, the LTE and 5G industry’s regulatory scenario, upcoming trends in various spectrums, and private 5G network providers. Furthermore, the report provides in-depth analysis, market estimations, private network use cases, and potential customers on the key verticals such as manufacturing, automotive, electrical and electronics, food and beverages, pharmaceuticals, heavy machinery, clothing and accessories, energy and utilities, transportation and logistics, defense, public safety, enterprises and campus, public venues, mining, healthcare/hospitals, oil and gas, retail, agriculture, and smart cities.

The rising adoption of a private network for the Internet of Things (IoT) applications, industrial use cases, and the Industry 4.0 revolution are some of the critical factors responsible for the market growth in the U.S. The companies are moving towards Industry 4.0 by modernizing and automating industrial operations using modern and smart technologies. Some of these include the Industrial Internet of Things (IIoT), 5G, smart factory, and interoperability. Industry 4.0 makes use of highly intelligent, automated, and collaborative cyber-physical systems that require robust wireless connections with low latencies. As a result, numerous organizations and factories from energy, logistics, automotive, mining, and power sectors adopt private 5G & LTE networks. Further, the deployment of plenty of Industrial IoT (IIoT) and other sensor-based applications in the manufacturing industry vertical is expected to boost the demand for private 5G network adoption over the forecast period.

The companies are extensively preferring the private networks over public networks on account of various benefits such as low latencies, ultra-high-speed, enhanced security, network reliability, and the ability to customize and upgrade the network effectively. The end-users already having legacy private network infrastructure at their premises can directly procure 5G software stacks from software vendors or system integrators and install them into their current servers. This helps clients completely transform their present network into the next generation private 5G network at reduced costs.

The new private 5G network installations and network infrastructure upgrades are the crucial factors that will drive the market over the forecast period. However, the ongoing impact of the COVID-19 pandemic and staggering 5G deployment is expected to hinder the overall market growth over a short period. Further, the small and medium companies in the low-income markets and outskirts areas of the U.S. cannot meet the massive capital investments required to build a reliable private connectivity infrastructure. Therefore, the lack of positive response from such firms is anticipated to hinder the market’s steady growth.

The market players gain competitive advantage by making large investments towards 5G deployment and acquiring new private 5G installations from various industries such as healthcare, logistics, manufacturing, and others. The network operators, including AT&T, T-Mobile, and Verizon, have influential positions in the LTE connectivity space in the U.S. The primary network providers such as Ericsson and Nokia have already invested considerably towards the 5G and LTE technologies and infrastructure, thereby gaining a stronghold on the market for private LTE and 5G network. 

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/us-private-lte-5g-network-market

U.S. Private LTE & 5G Network Market Report Highlights

 Amidst the COVID-19 pandemic, the healthcare industry is suffering from inadequate healthcare personnel to care for patients. As a result, the hospitals and healthcare facilities are upgrading to private LTE and 5G networks to enhance their telemedicine and remote patient monitoring abilities

The private LTE and 5G networks are expected to improve the operating excellence in the industrial facilities by enabling the integration of IIoT in various devices and equipment

The U.S. government has banned Huawei Technologies, Co, Ltd., a China-based 5G equipment provider, and system integrator, to deploy its 5G equipment across the country. As a result, the 5G companies and telecom operators face challenges in private 5G network deployment through partnerships and collaborations

Customers are highly focused on implementing private 5G networks with ultra-low latency and fast data transfer speeds, thereby enabling smart factories that utilize Augmented Reality (AR), Artificial Intelligence (AI), and advanced robotics for operations.

The manufacturing segment has accounted for around 20% of the market revenue share in 2019, and it is anticipated to expand at a significant CAGR from 2020 to 2027. Numerous manufacturing companies are expected to move towards automation and adopt technologies such as the IIoT, robot assistance, and digital twins by installing private 5G networks.

The transportation and logistics segment is also anticipated to exhibit a high CAGR from 2020 to 2027 due to the significant increase in the number of warehouses in the U.S. and the surging adoption of autonomous robots in the warehousing facilities.

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U.S. Private LTE & 5G Network Market Segmentation

Grand View Research has segmented the U.S. private LTE and 5G network market based on component, frequency, spectrum, and vertica:

U.S. Private LTE & 5G Network Component Outlook (Revenue, USD Million, 2019 – 2027)
    • Hardware
             • Radio Access Network (RAN)
             • Core Network
             • Backhaul & Transport
    • Software
    • Services
             • Installation & Integration
             • Data Services
             • Support & Maintenance

U.S. Private LTE & 5G Network Frequency Outlook (Revenue, USD Million, 2019 – 2027)
    • Sub-6 GHz
    • mmWave

U.S. Private LTE & 5G Network Spectrum Outlook (Revenue, USD Million, 2019 – 2027)
    • Licensed
    • Unlicensed/ Shared

U.S. Private LTE & 5G Network Vertical Outlook (Revenue, USD Million, 2019 – 2027)
    • Manufacturing
             • Automotive
             • Electrical & Electronics
             • Food & Beverages
             • Pharmaceuticals
             • Heavy Machinery
             • Clothing & Accessories
    • Transportation & Logistics
             • Warehouses
             • Ports
             • Airports
             • Rail
    • Energy & Utilities
    • Defense
    • Public Safety
    • Enterprises & Campus
    • Public Venues
    • Mining
    • Healthcare/Hospitals
    • Oil & Gas
    • Retail
    • Agriculture

    • Smart Cities
    • Others

List of Key Players of U.S. Private LTE & 5G Network Market
    • Altiostar
     AT&T INC.
     Broadcom Inc.
     Cisco Systems, Inc.
     Nokia Corporation
     Samsung Electronics Co., Ltd.
     Telefonaktiebolaget LM Ericsson

Fill The Pre-Order Enquiry Form For The Report @ https://www.grandviewresearch.com/inquiry/450889/ibb


About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/us-private-lte-5g-network-market