China Private LTE Market Size, Trends & Analysis – Forecasts To 2026 By Product Type (LTE-TDD, LTE-FDD), By Industry Vertical (Transportation, Military & Defense, Manufacturing & Industrial, Oil & Gas, Mining, Electrical Utilities, Healthcare), Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
China Private LTE Market Insights
The private LTE market in China is estimated to grow at a high CAGR over the forecast period. China’s growing population along with growing aging population and rising healthcare expenditure is expected to generate market opportunities for private LTE in the healthcare sector. In November 2018, Nokia and China Unicom created a private LTE network to support smart manufacturing for BMW Brilliance Automotive plant being built in Shenyang city. China’s state grid represented over 60% of global smart meter shipments in 2016. The increasing volume of distributed energy is expected to augment demand for private LTE solutions in the energy & power sector. Utilities are anticipated to take advantage of the low risk, future proof investments in private LTE broadband and narrowband in licensed and unlicensed spectrum.
China Private LTE Market
China Private LTE Market: By Product Type
On the basis of product type, the private LTE market can be segmented into LTE-TDD and LTE-FDD. The LTE-FDD segment is expected to hold the largest market share in terms of revenue. In April 2018, China Mobile was granted the license to offer mobile services based on LTE-FDD technology. This high market share can be attributed to extensive use of LTE-FDD in traditional cellular voice and data services. The LTE-TDD segment is projected to register the highest CAGR during the forecast period owing to its lower use of spectrum and low deployment cost.
China Private LTE Market: By Industry Vertical
The private LTE market can be segmented into transportation, military & defense, manufacturing & industrial, oil & gas, mining, electrical utilities and healthcare based on the industry vertical. The mining segment is expected to hold the largest market share in terms of revenue followed by military & defense and electrical utilities. Manufacturing and industry applications of private LTE in China are projected to grow at a significant CAGR owing to huge manufacturing activities in the country.
China Private LTE Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
China Private LTE Market: Share & Competitor Analysis
Some of the key players operating in the Private LTE market are Ericsson, Redline Communications, Nokia, Qualcomm, Air-Lynx, Telrad Networks, Huawei Enterprises, PDV Wireless and Ruckus Wireless among others.
In October 2018, Redline Communications announced updates to its Private LTE critical communications product portfolio.
In October 2018, Telrad Networks announced the launch of their new 5GHz unlicensed band LTE Solutions and successful trial of the product by White Cloud Networks, the company is engaged in providing wireless network service (WISP).
In August 2018, Baylin Technologies announced that its subsidiary Advantech Wireless Technologies has released its new product L-Band to 720 MHz SATCOM synthesized frequency converters.