LTE & 5G NR-based CBRS Networks Market - By Infrastructure Submarkets (RAN, Mobile Core, Transport Network, Small Cell RUs, DUs/CUs), By Air Interface Technology (LTE, 5G NR), By Application & Forecast, 2024 - 2032

LTE & 5G NR-based CBRS Networks Market Size

LTE & 5G NR-based CBRS Networks Market was valued at USD 1 billion in 2023 and is estimated to register a CAGR of over 21% between 2024 and 2032. The growing demand for private cellular networks is a key driver for the market.
 

As industries embrace Industry 4.0 technologies, the need for secure, high-performance connectivity has surged among them. The private cellular networks provide tailored solutions that meet specific operational needs, offering enhanced data security, reduced latency, and improved reliability for applications such as IoT-based maintenance and real-time data processing. The recent deployments highlight companies replacing traditional Wi-Fi with private 5G networks to support advanced manufacturing and logistics. These real-life examples underscore the vital role of private cellular networks in digital transformation and market expansion.
 

For instance, i n March 2023, Toyota Material Handling upgraded to a private 5G network at its Columbus factory, replacing Wi-Fi. This change was driven by the need for enhanced connectivity for Industry 4.0 applications such as IoT-based predictive maintenance and fleet management. The deployment, by Ericsson and STEP, highlights the rising demand for private cellular networks to boost operational efficiency and security in industrial settings.
 

Furthermore, the drive for enhanced mobile network densification is crucial in expanding LTE and 5G NR-based CBRS networks. As urban areas and high-traffic zones experience growing data demands, there is a significant need to increase network capacity and coverage. This intensifies the deployment of small cells and distributed units, ensuring robust connectivity and seamless service. The focus on network densification supports higher data throughput and better user experiences in densely populated regions, fueling market growth.
 

Integration with existing network systems poses a significant challenge in this market. As enterprises and service providers adopt CBRS technology, they must ensure seamless compatibility with their current infrastructure, which often includes legacy systems and diverse technologies. This integration process can be complex and resource-intensive, requiring careful coordination and adaptation of both hardware and software components. The challenge is compo
 

LTE & 5G NR-based CBRS Networks Market Trends

The market is experiencing significant growth due to the increasing deployment of Fixed Wireless Access (FWA) technology. This trend is driven by the rising demand for high-speed, reliable connectivity in both residential and enterprise environments. Companies are adopting FWA solutions to enhance network coverage and performance, as well as to meet the evolving needs of digital transformation and Industry 4.0 applications. The advancements in 4G LTE and 5G networks are further accelerating this shift, providing a competitive alternative to traditional fixed broadband technologies.
 

For instance, in January 2024, Ericsson and Nokia demonstrated their commitment to advancing FWA solutions by expanding and upgrading their offerings. This strategic move reflects the market's dynamic growth and underscores the critical role of FWA technologies in addressing increasing connectivity demands. Their actions highlight the importance of FWA in both residential and enterprise sectors, emphasizing the ongoing evolution and investments in these technologies to meet the expanding need for high-performance, reliable connectivity solutions.
 

LTE & 5G NR-based CBRS Networks Market Analysis

Based on infrastructure submarkets, the market is divided into Radio Access Network (RAN), Mobile Core, Transport Network, Small Cell Radio Units (RUs), and Distributed & Centralized Baseband Units (DUs/CUs). In 2023, RAN held a dominant market share of around 40% as it is a pivotal element in the LTE and 5G NR-based CBRS networks market, significantly influencing network infrastructure and performance. Additionally, its dominant role stems from its ability to provide essential connectivity and support for various applications and services. The evolution toward OpenRAN, which promotes disaggregated and flexible network solutions, is further enhancing the prominence of RAN infrastructure. This approach allows for greater interoperability among components, scalability, and cost-efficiency. As a result, RAN is crucial in meeting the increasing demands for high-speed connectivity, improving network reliability, and supporting the integration of emerging technologies and services across diverse industries.
 

For instance, in December 2023, a USD 14 billion agreement to deploy an OpenRAN network highlighted the evolving RAN infrastructure. This deal underscores the shift toward OpenRAN, which promotes multi-vendor integration and network flexibility. It demonstrates how RAN is adapting to modern demands, reinforcing its role in advancing network capabilities and performance.
 

Based on air interface technology, the LTE & 5G NR-based CBRS networks market is categorized into LTE & 5G NR. In 2023, the LTE segment dominated the market with a share of around 76%. This technology continues to be a dominant force in the air interface technology sector within the market. Its sustained leadership is underscored by ongoing investments and upgrades aimed at expanding network coverage and enhancing service quality. LTE's broad deployment, established infrastructure, and ongoing advancements in technology contribute to its robust presence in the market. Despite the evolution of newer technologies, its reliability, extensive coverage, and capacity for handling high data volumes ensure its continued relevance and dominance in providing essential connectivity services.
 

For instance, in July 2024, Vodafone announced a significant upgrade to its LTE network across Europe, focusing on deploying advanced LTE base stations and optimizing spectrum utilization. This initiative aimed to enhance network efficiency, demonstrating LTE's continued relevance in providing reliable connectivity and extending coverage. Despite the increasing emphasis on 5G NR, LTE remains a critical component in the air interface technology landscape, reinforcing its importance within the market.
 

North America dominated the global LTE & 5G NR-based CBRS networks market with a major share of around 39% in 2023. North America is emerging as a significant player, particularly in the Fixed Wireless Access (FWA) sector. The region's dominance is driven by a robust infrastructure that supports both 4G LTE and 5G Sub-6GHz networks, providing high throughput and reliable connectivity. As the demand for high-speed internet continues to grow, North America's investment in advanced FWA technologies, including both residential and enterprise solutions, underscores its leading role in the market. This focus on expanding and enhancing network capabilities highlights the region's commitment to maintaining a competitive edge and meeting the evolving connectivity needs.
 

For instance, in August 2024, According to Dell’Oro Group, the spending on FWA equipment in North America is expected to surpass USD 40 billion by 2027. This forecast reflects the substantial investments being made to bolster FWA infrastructure, driven by the growing need for reliable and high-speed connectivity. The significant financial commitment highlights North America's dominant position in the global LTE & 5G NR-based CBRS networks market, showcasing the region's strategic focus on advancing FWA technologies to meet both residential and enterprise demands.
 

The market in Asia Pacific is expanding rapidly, fueled by major investments in 5G infrastructure and increasing demand for high-speed connectivity. Key markets, such as China, Japan, and South Korea, are leading deployments, driven by digital transformation and smart city projects.
 

In Europe, the market is advancing with significant deployments in countries such as Germany, France, and the UK. Focused on spectrum efficiency and network capacity, Europe’s growth is supported by regulatory backing and a push for digital infrastructure modernization.
 

LTE & 5G NR-based CBRS Networks Market Share

Qualcomm, Nokia, and Ericsson collectively hold a significant market share of around 26% in the market. These industry leaders invest significantly in research and development, fueling advancements in their software solutions. They further capitalize on strategic partnerships and robust distribution networks to broaden their market presence, ensuring their products reach diverse regions.
 

Furthermore, these companies are incorporating cutting-edge technologies into their offerings, enhancing both the functionality and security of their solutions. This ongoing innovation and strategic expansion play a crucial role in sustaining their prominent position in the market.
 

LTE & 5G NR-based CBRS Networks Market Companies

The major players operating in the industry are:

• ZTE Corporation
• Intel Corporation
• Huawei
• Samsung Electronics
• Qualcomm
• Nokia
• Ericsson
   

LTE & 5G NR-based CBRS Networks Industry News

• In February 2024, Radisys Corporation introduced its 5G Advanced Wireless Connectivity Software, tailored for Industry 4.0 and private 5G networks. This software enhances network performance, ease of deployment, and management while ensuring data protection with Quality of Service (QoS). It integrates licensed, lightly licensed (CBRS), and unlicensed Wi-Fi access, supporting low latency and cloud-native solutions for both RAN and Core networks. Key features include Time Sensitive Network (TSN) and 5G Ultra-Reliable Low Latency Communication (5G-URLLC) for Industry 4.0, CBRS band support, and convergence with existing Wi-Fi access. Radisys aims to drive innovation and accelerate 5G adoption in private and enterprise networks.
   
• In February 2024, Samsung completed Open RAN (O-RAN) conformance and interoperability testing for LTE and 5G NR radios with Verizon. Conducted in Samsung’s Dallas lab, the tests covered various O-RAN-compliant radios, including advanced 64T64R Massive MIMO models. The testing, using Keysight Technologies’ O-DU emulator, confirmed Samsung’s effective integration of Massive MIMO technology.
   

The LTE & 5G NR-based CBRS networks market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Bn) from 2021 to 2032 for the following segments:

Click here to Buy Section of this Report

Market, By Infrastructure Submarkets

• Radio Access Network (RAN)         
• Mobile core   
• Transport network   
• Small Cell RUs (Radio Units)
• Distributed & Centralized Baseband Units (DUs/CUs)

Market, By Air Interface Technology

• LTE
• 5G NR

Market, By Application

• Mobile network densification
• Fixed Wireless Access (FWA)         
• Cable operators & new entrants     
• Neutral hosts 
• Private cellular networks
  • Education     
  • Governments & municipalities        
  • Healthcare    
  • Manufacturing
  • Military         
  • Mining
  • Oil & gas       
  • Retail & hospitality   
  • Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA