Home > Semiconductors & Electronics > Telecom and Networking > LTE & 5G NR-based CBRS Networks Market

LTE & 5G NR-based CBRS Networks Market Trends

Report ID: GMI11117
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

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.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

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

In 2023, RAN segment held a dominant market share of around 40% as it significantly influences network infrastructure and performance, due to its ability to provide essential connectivity and support for various applications and services.

North America market held a revenue share of around 39% in 2023, driven by a robust infrastructure that supports both 4G LTE and 5G Sub-6GHz networks, providing high throughput and reliable connectivity.

ZTE Corporation, Intel Corporation, Huawei, Samsung Electronics, Qualcomm, Nokia, and Ericsson.