Private 5G/LTE Market Projected to Hit $7.2 Billion by 2028, According to SNS Telecom & IT

Key Takeaways

The private 5G and LTE network market is projected to reach $7.2 billion by 2028, outpacing public mobile network growth.
Organizations across various sectors are experiencing significant operational improvements due to private 5G networks.
Investment in standalone private 5G networks is expected to drive over 70% of spending in this market by 2028.

SNS Telecom & IT’s recent report highlights the promising trajectory of the private 5G and LTE network sector, estimated to be worth $7.2 billion by 2028. This growth sharply contrasts with the lackluster pace of infrastructure investment in the broader public mobile network market, where standalone 5G core investments are on the rise, yet Radio Access Network (RAN) sales remain stagnant following a steep decline last year.

The benefits of private networks, covering both facility-based and wide area deployments, are already evident across a variety of industries. Notable companies such as Tesla, LG Electronics, and Hyundai have successfully addressed connection-related stoppages of Automated Guided Vehicles (AGV) in their production lines. Furthermore, Peel Ports Group has witnessed a tenfold improvement in network performance at the Port of Liverpool, alleviating issues previously caused by metal-heavy environments that hampered Wi-Fi connectivity. Lufthansa’s LAX cargo facility recorded a 75% increase in operational speed, while Crystal Palace Football Club has enhanced fan experiences with private 5G-connected headsets offering exceptional detail for partially sighted attendees. Additionally, police forces in Ontario’s Peel-Halton Region now benefit from uninterrupted in-vehicle data access, following the upgrade of their independent public safety broadband network to include 5G capabilities.

As industries increasingly recognize the advantages of private 5G networks, many are incorporating them from the outset in new facility constructions. A notable example is the Georgia Department of Corrections, which is establishing a secure private 5G network within a new state prison project. This project is particularly noteworthy for its implementation of Band n48 (3.5 GHz) CBRS spectrum, facilitating comprehensive indoor and outdoor coverage across a vast prison campus.

Private 5G network deployments are also being initiated at several facilities, including Hitachi Rail’s factory in Hagerstown, Hyundai’s electrified vehicle plant, and the Los Angeles Chargers’ training facility. Other significant installations are underway at the Formula 1 Las Vegas complex, Cleveland Clinic’s Mentor Hospital, and multiple production facilities across different sectors.

SNS Telecom & IT projects that global expenditure on private 5G and LTE network infrastructure in various industries will experience a compound annual growth rate (CAGR) of about 22% between 2025 and 2028. By 2028, over $5.1 billion is anticipated to be allocated to the development of standalone private 5G networks. These networks are set to become essential for Industry 4.0 applications within manufacturing and process industries while also serving critical communications for sectors like public safety, defense, utilities, and transportation.

This remarkable level of growth is expected to create a parallel equipment ecosystem for private RAN, mobile core, and transport network segments, similar in market size to existing public mobile operator infrastructures by the late 2020s. By 2030, private networks could represent as much as 25% of all mobile network infrastructure spending.

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