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At 18.6% CAGR, Private LTE & 5G Network Ecosystem Market to Hit USD 10.5 billion by 2029 – Regional Analysis, Key Trends, Leading Players, and Business Opportunities – Adroit Market Research

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Dallas,Texas, Aug. 26, 2022 (GLOBE NEWSWIRE) — The Private LTE & 5G Networks Ecosystem market is expected to reach USD 10.5 billion by 2029, up from USD 7.0 billion in 2022, at a Compound Annual Growth Rate (CAGR) of 18.6%.

The global telecommunications industry has advanced rapidly over the past ten years. Due to the launch of 3G (third generation) and 4G (fourth generation) mobile networks as well as the gradual decline in data prices, internet penetration has dramatically expanded over the past several years. This trend is likely to remain owing to advancements being made in the private LTE 5G & network industry. A number of businesses and sectors are changing along with the 5G network environment. As private LTE 5G networks are projected to meet QoS and speed requirements while supporting a variety of established applications and endpoints, demand for them is predicted to increase exponentially in the coming years.

Additionally, the use of private LTE and 5G networks for localized connectivity in commercial buildings, public places, and campuses are anticipated to increase significantly in the coming years thanks to the development of tools like unlicensed/shared multi-operator small cells and spectrum access schemes.

Artificial intelligence (AI) has become one of the most significant technologies in recent years, gaining acceptance in a variety of industries as a result of Industry 4.0’s increasing popularity. During the assessment period, it is anticipated that the growing Internet of Things (IoT) and the trend toward industrial automation would offer attractive prospects to companies in the private LTE & 5G network market. Over the course of the projection year, it is anticipated that the increasing usage of 5G and AI in combination for a range of applications would considerably impact the market’s overall growth.

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Global private LTE and 5G networks ecosystem market scope:  

Metrics Details
Study Period 2019-2029
Market Size in 2029 USD 10.5 billion 
Segment Covered by Submarkets, Technology, Vertical Markets, Regions
by Submarkets Covered radio access network, mobile core, mobile backhaul & transport
Technology Covered LTE & 5G
Vertical Markets Covered critical communications & industrial iot, enterprise & campus environments and public venues & other neutral hosts
Regions Covered North America, Europe, Asia Pacific, Middle East and Africa, South America
Key Players Profiled Aaeon Technology, Accenture, Accuver, AceAxis, ADLINK Technology, Bosch Rexroth, 450 MHz Alliance, ADTRAN, 4K Solutions

Additionally, the growing interest in wireless edge, where 5G, on-device processing, and edge cloud are projected to build a connectivity fabric, is likely to increase the need for private LTE 5G networks. The development of the 5G end-to-end system will rely majorly on artificial intelligence. To speed the industry’s adoption of 5G technologies, 18 top automakers and Huawei Technologies Co., Ltd. partnered in May 2020 to create a 5G-enabled automotive environment.

Mobile operators are getting more inventive with their strategies to break into the private LTE and 5G network space. These approaches include operated-branded critical communications LTE platforms and the Build Your Own Network (BYON) business model, whereby mobile operators grant organizations access to their licensed spectrum so they can create their own private LTE networks inside of their operational footprint. For instance, Google, LLC and AT&T, Inc. worked together to create 5G edge computing solutions in March 2020. Anthos is an open platform that spans multi-cloud and the edge, and the industry recently invested in its debut in the telecom industry.

It is anticipated that the introduction of 5G technology would open the door to novel approaches and prospective applications that were previously less likely to be created. Therefore, a private LTE 5G network would enable large-scale IoT networks throughout factories, warehouses, and ports. The market for private LTE & 5G networks will grow as more businesses focus on testing private LTE 5G networks throughout the world. Over the upcoming period, it is projected that this tendency will continue. Additionally, as the technology advances and costs fall, the usage of private LTE 5G networks for both single-site and multiple location applications is predicted to grow at a decent rate over the course of the projection period.

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Major Points from Table of Contents:
1.    Introduction
2.    Research Methodology
3.    Market Outlook
4.    Private LTE & 5G Network Ecosystem Market by Submarket, 2018-2028 (USD Billion)
5.    Private LTE & 5G Network Ecosystem by Technology, 2018-2028 (USD Billion)
6.    Private LTE & 5G Network Ecosystem by Critical Markets, 2018-2028 (USD Billion)
7.    Private LTE & 5G Network Ecosystem by Region 2018-2028 (USD Billion)
8.    Competitive Landscape
9.    Company Profiles
10.    Appendix

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About Us:
Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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