Europe Private 5G Network Market Share, Size, Trends, Industry Analysis Report, By Component Outlook (Hardware, Services); By Frequency; By Spectrum; By Country - Segment Forecast, 2022 - 2030
- Published Date:Jul-2023
- Pages: 119
- Format: PDF
- Report ID: PM3537
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The europe private 5G network market was valued at USD 369.73 million in 2021 and is expected to grow at a CAGR of 43.4% during the forecast period. Private 5G networks in Europe have witnessed significant advancements in recent years, driven by increasing demand and the need for more robust and secure connectivity solutions. These networks are revolutionizing various industries and enabling advanced applications that rely on high-speed, low-latency, and reliable communication.
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Across Europe, industries such as manufacturing, transportation, healthcare, and energy are adopting private 5G networks to optimize their operations and drive innovation. The ultra-low latency provided by 5G enables real-time control of industrial processes, leading to enhanced efficiency, productivity, and safety. For instance, in manufacturing, private 5G networks facilitate the implementation of smart factories and the integration of automation, robotics, and artificial intelligence, enabling seamless connectivity between machines and systems.
European governments have recognized the potential of private 5G networks and are actively supporting their development. They have been implementing policies and regulations to foster the deployment of these networks, including spectrum allocation and investment incentives. Additionally, governments are collaborating with industry stakeholders to create testbeds and pilot projects to explore the full potential of private 5G networks in different sectors.
Specific advancements in private 5G networks can be observed across European countries. Germany, known for its strong manufacturing sector, has been at the forefront of industrial 5G adoption. The country has established dedicated research centers and innovation hubs to drive the development of private 5G networks in manufacturing, with a focus on areas like automation, predictive maintenance, and logistics optimization.
Sweden, renowned for its telecommunications expertise, has made significant progress in deploying private 5G networks in critical infrastructure sectors. The country is leveraging 5G to enhance the efficiency and resilience of energy grids, transportation systems, and public safety networks.
In the United Kingdom, private 5G networks are gaining traction in sectors such as healthcare and transportation. Hospitals are leveraging 5G connectivity to enable remote surgeries, telemedicine, and the use of advanced medical devices. In the transportation sector, private 5G networks are being used to improve the safety and efficiency of autonomous vehicles, smart logistics, and traffic management.
Overall, private 5G networks are poised to transform industries across Europe. Governments are taking proactive measures to support their deployment, and industries are recognizing the immense benefits these networks offer. As the demand for high-speed and reliable connectivity continues to grow, private 5G networks will play a pivotal role in driving innovation, competitiveness, and economic growth in Europe.
Industry Dynamics
Growth Drivers
The growth of private 5G networks in Europe is being driven by a confluence of factors, including increasing demand, a positive industrial outlook, and the transformative potential of advanced industrial technologies. This new technology is rapidly gaining momentum and is poised to revolutionize connectivity across various sectors.
The demand for private 5G networks in Europe is surging as businesses recognize the need for faster, more reliable, and secure communication solutions. These networks offer ultra-low latency, high bandwidth, and improved network slicing capabilities, making them ideal for supporting critical applications in industries such as manufacturing, transportation, healthcare, and energy. The need for real-time data processing, seamless connectivity, and robust security measures has fueled the demand for private 5G networks across the continent.
The industrial outlook for private 5G networks is highly optimistic. Industries are increasingly leveraging advanced technologies like automation, artificial intelligence, and the Internet of Things to enhance operational efficiency, productivity, and innovation. Private 5G networks provide the foundation for these technologies to flourish by offering the necessary connectivity infrastructure to support their deployment. From enabling smart factories and autonomous vehicles to facilitating remote surgeries and optimizing energy grids, private 5G networks are set to revolutionize industries across Europe.
The developmental status of private 5G networks in Europe varies across countries, but overall, the technology is gaining traction. Several European countries, including Germany, Sweden, and the United Kingdom, have made significant advancements in deploying private 5G networks. Germany, with its robust manufacturing sector, has been at the forefront of industrial 5G adoption, focusing on areas such as automation, predictive maintenance, and logistics optimization. Sweden, renowned for its telecommunications expertise, has prioritized the deployment of private 5G networks in critical infrastructure sectors like energy and transportation. The United Kingdom is making notable progress in utilizing private 5G networks in healthcare and transportation, enabling remote surgeries and improving the safety and efficiency of autonomous vehicles.
Report Segmentation
The market is primarily segmented based on form, Component, Frequency, Spectrum, Vertical and country.
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By Component |
By Frequency |
By Spectrum |
By Vertical |
By Country |
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The Core Network segment is expected to witness the fastest growth during projected period
The Core Network segment within Europe's private 5G network market is anticipated to experience the fastest growth in the coming years. As private 5G networks proliferate across industries, the demand for robust and scalable core network solutions is set to surge.
With the increasing adoption of private 5G networks in industries like manufacturing, transportation, healthcare, and energy, the demand for advanced core network solutions is intensifying. These solutions need to support the high bandwidth, low latency, and massive device connectivity requirements of diverse applications. As a result, providers of core network equipment and software are focusing on developing cutting-edge technologies to meet the specific demands of private 5G deployments.
The Hardware segment accounted for the largest market share in 2022
The Hardware segment has emerged as the dominant player, accounting for the largest market share in Europe's private 5G network market. The demand for hardware components and equipment necessary for the establishment and operation of private 5G networks has witnessed substantial growth, driving the market dominance of the Hardware segment.
Private 5G networks require a wide range of hardware components, including base stations, antennas, routers, switches, and other networking equipment. These components are essential for building a robust and reliable network infrastructure that can cater to the high-speed, low-latency, and secure communication needs of industries across Europe.
Companies across various sectors are increasingly investing in private 5G networks to optimize their operations and drive innovation. The advancements in industries such as manufacturing, transportation, healthcare, and energy heavily rely on advanced hardware solutions to support the deployment of automation, artificial intelligence, and the Internet of Things (IoT) technologies. As a result, the demand for hardware components has soared, resulting in the Hardware segment capturing the largest market share.
The demand in Europe is expected to witness significant growth during forecast period
The presence of multiple developed countries in the region, combined with strong efforts from the government and industry players towards the development of 5G, is benefitting the market growth. Also, the major telco players have shown interest in rolling out their 5G services across the respective countries and have plans to expand their coverage areas further. Various companies have already rolled out their services in limited areas. Thus, the region is expected to grow significantly in 5G space over the coming years.
The demand for private 5G networks in Europe is projected to experience substantial growth in the coming years. As industries across the continent increasingly recognize the need for faster, more reliable, and secure connectivity solutions, the adoption of private 5G networks is expected to surge.
Private 5G networks offer numerous benefits, including ultra-low latency, high bandwidth, and improved network slicing capabilities, making them well-suited for a wide range of industries. From manufacturing and transportation to healthcare and energy, businesses in various sectors are seeking to leverage the transformative potential of private 5G networks to enhance operational efficiency, productivity, and innovation.
Competitive Insight
Some of the major players operating in the market include Qualcomm Technologies, Inc., Telefonaktiebolaget LM, Huawei Technologies Co., Vodafone Limited, Ericsson, Deutsche Telekom, Nokia Corporation, T-Systems International GmbH, Verizon Communications, AT&T Inc., Broadcom Inc., Ltd, Altiostar, SAMSUNG, Cisco Systems, Inc., ZTE Corporation.
Recent Developments
- In October 2022, Nokia has been selected by Reliance Jio as a prominent supplier to deliver 5G Radio Access Network (RAN) hardware across India as part of a long-term agreement. Under this agreement, Nokia will provide a range of equipment from its Air-Scale portfolio, including base stations, high capacity 5G Massive MIMO antennas, Remote Radio Heads (RRH) supporting multiple spectrum bands, and self-organizing network software.
- In August 2022, Nokia announced its collaboration with leading telecommunications provider Bharti Airtel to implement a 5G radio access network (RAN). This long-term agreement aligns with Bharti Airtel's vision to propel India into the era of 5G technology.Top of Form
Europe Private 5G Network Market Report Scope
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Report Attributes |
Details |
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Market size value in 2022 |
USD 504.71 million |
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Revenue forecast in 2030 |
USD 9,017.74 million |
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CAGR |
43.4 % from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2019 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD million and CAGR from 2022 to 2030 |
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Segments covered |
By Frequency, By Spectrum, By Vertical, By Country. |
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Country scope |
Germany, UK, Sweden, Finland, Netherlands, Italy, Spain, Greece, Czech Republic, Portugal, Romania, Hungary, RoEU |
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Key companies |
Qualcomm Technologies, Inc., Telefonaktiebolaget LM, Huawei Technologies Co., Vodafone Limited, Ericsson, Deutsche Telekom, Nokia Corporation, T-Systems International GmbH, Verizon Communications, AT&T Inc., Broadcom Inc., Ltd, Altiostar, SAMSUNG, Cisco Systems, Inc., ZTE Corporation, and others. |
FAQ's
The europe private 5G network market report covering key segments are component, frequency, spectrum, vertical and country.
Europe Private 5G Network Market Size Worth $9,017.74 Million By 2030.
The europe private 5G network market is expected to grow at a CAGR of 43.4% during the forecast period.
Key players in the europe private 5G network market are Qualcomm Technologies, Inc., Telefonaktiebolaget LM, Huawei Technologies Co., Vodafone Limited, Ericsson, Deutsche Telekom.
key driving factors in europe private 5G network market are european governments have recognized the potential of private 5G networks and are actively supporting their development
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