Private 5G Network Market Analysis

Vertical (Manufacturing, Energy & Utilities, Transportation & Logistics, Aerospace & Defense, Government & Public Safety, Corporates/Enterprises, Mining, Healthcare, Oil & Gas)

The manufacturing segment in the private 5G network market is estimated to gain a revenue share of about 40% by the end of the year 2037. The segment growth can be a result of the growing demand for private 5G services to provide seamless connectivity with several devices, e.g., ultraHD cameras, extended reality headsets, and audio guidance vehicles.

In addition, the growth of this segment is expected on account of the increasing need for continuous communication between machines. In different sectors, such as manufacturing, energy and utilities, transport and logistics, aerospace and defense, oil and gas, mining, or government and public safety, there is a strong preference for the deployment of a personal 5G network. Private 5G reduces data transfer times between machines and robots by 90%, translating to near-instantaneous communication with an increase of 20% in production speed. 

Component (Hardware, Software)  

The hardware segment in the private 5G network market is slated to garner a notable share shortly. In particular, this is due to the widespread deployment of core networks, backhaul, and transport equipment worldwide. The deployment of advanced equipment to support efficient operation and deliver high-speed bandwidth is driving the growth of this segment by key network providers such as Nokia Corporation, Qualcomm Technologies, Inc., and Ericsson.

Our in-depth analysis of the global market includes the following segments: