The global Private 5G Network market size is expected to be worth around US$ 7.2 billion by 2028, according to a new report by Vision Research Reports.
The global Private 5G Network market size was valued at US$ 919.6 million in 2020 and is anticipated to grow at a CAGR of 37.9% during forecast period 2021 to 2028.
Significantly growing demand for ultra-reliable low latency connectivity with an extremely secure network across several mission-critical applications such as public safety is expected to boost the deployment of private 5G networks during the forecast period. Moreover, a wide range of industries, including manufacturing, oil and gas, mining, and energy and utility, are investing a massive amount in deploying private 5G telecom service to enhance their overall productivity and operational efficiency. As a result, it is expected to foster market growth from 2021 to 2027.
The private 5G network is expected to completely transform the transportation and logistics industry by providing seamless Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) connectivity. As such, the need to ensure a secure, seamless, and uninterrupted connectivity with ports, vessels, and ships is estimated to drive the market. At the same time, the continued deployment of private 5G infrastructure is estimated to improve the operational efficiencies in several Industrial IoT (IIoT) use cases. The IIoT use cases include Automated Guided Vehicles (AGV), wireless UHD cameras, machine control systems, collaborative/cloud robots, and remote asset monitoring. Thus, the rising need for higher and secure bandwidth to ensure reliable and unified communication between IIoT devices is expected to propel the market growth over the forecast period.
By 2020, the hardware segment is estimated to account for a market share of more than 70.01%, attributed to the growing deployment of core network and backhaul and transport equipment across the globe. The hardware segment mainly encompasses three component categories, including radio access network (RAN), core network, and backhaul and transports. On the other hand, the services segment includes three key services, such as installation and integration, data services, and support and maintenance.
the manufacturing sector is estimated to attain a market share of more than 20.01% and projected to witness a CAGR of more than 40.0% over the forecast period. The growth is attributed to the soaring demand for private 5G services to provide seamless connectivity to several devices such as Ultra-HD cameras, extended reality headsets, and AGVs. Also, the rising demand to establish uninterrupted communication among machines is further expected to boost segment growth from 2021 to 2027. Private 5G network is widely preferred across various industry verticals, including manufacturing, energy and utilities, transportation and logistics, aerospace and defense, oil and gas, mining, and government and public safety.
Several governments and public safety organizations are adopting a private 5G network for various applications owing to quick communication with first responders during emergencies. Moreover, the demand for private 5G networks is expected to rise across enterprises/corporates due to an increasing need to manage their data at their premises, securely. Furthermore, the energy and utility sector is anticipated to showcase an enormous growth in the adoption of a secured private network to get high-speed internet connectivity during energy generation and distribution applications.
the sub-6 GHz segment is estimated to hold a market share of nearly 80% in the global market and expected to exhibit a CAGR of nearly 36% from 2021 to 2027. The sub-6 GHz frequency encompasses low band, and a mid-band of spectrum ranges mainly 6GHz and below. Recently, governments across key countries such as China, the U.S., Japan, South Korea, and many other countries released sub-6 GHz frequencies to provide 5G services in their countries.
the unlicensed/shared segment is estimated to attain a market share of 77.9% and expected to register a CAGR of around 38.0% from 2021 to 2027. The growth is attributed to the rising demand for high speed private 5G networks at affordable costs. Also, unlicensed spectrum bandwidth is easily accessible and highly preferred during massive machine-type communications (mMTC).
North America is expected to attain the largest market share of more than 30.01% due to the presence of various private 5G solution providers such as Qualcomm Technologies, Inc. Additionally, the significant rise in the investments of deploying private 5G network infrastructure by key service providers such as AT&T Inc. and Verizon Communications is expected to assist North America to gain high market share. Besides, the robust deployment of numerous industrial sensors by leading automakers such as Ford Motor Company and General Motors Company is estimated to create significant market opportunities in the region. Further, growing need of Ultra-reliable Bandwidth Low Latency Connectivity (URLLC) across various verticals such as public safety, oil and gas, and aerospace and defense in the region, is expected to bolster regional market growth.
Qualcomm Technologies, Inc.
Telefonaktiebolaget LM Ericsson
Huawei Technologies Co., Ltd
T-Systems International GmbH
Cisco Systems, Inc.
Radio Access Network
Backhaul & Transport Interconnecting
Installation & Integration
Support & Maintenance
Food & Beverages
Electrical & Electronics
Clothing & Accessories
Energy & Utilities
Transportation & Logistics
Aerospace & Defense
Government & Public Safety
Oil & Gas
Middle East & Africa (MEA)
The Private 5G Network market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Private 5G Network market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Private 5G Network market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Private 5G Network market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Private 5G Network market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Private 5G Network capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Private 5G Network by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Private 5G Network market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Private 5G Network market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Private 5G Network market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Private 5G Network industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Private 5G Network market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Private 5G Network market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Private 5G Network market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Private 5G Network market. These factors have benefited the growth of the global market for Private 5G Network. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Private 5G Network. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Private 5G Network are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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