Private LTE Market Size

Private LTE Market size was valued at USD 6.18 billion in 2024 and is poised to cross USD 23.17 billion by the end of 2037, registering more than 10.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of private LTE is estimated at USD 6.71 billion. The rise in smartphone use worldwide is anticipated to be a significant demand generator for the expansion of the private LTE network industry. As of 2024, there are 6.93 billion smartphone users worldwide, or 85.68% of the global population, who own a smartphone.

The main factors driving the growth of the private LTE market include features such as high capacity, high speed, high security, consistent performance, low latency rate, greater range, and interoperability. Furthermore, as society evolves, more people are embracing isolated networks, which is anticipated to play a significant role in the spread of private LTE throughout the world market.