Private LTE in Mining Industry Market: Overview Of Key Market Forces Propelling And Restraining Market Growth

Private LTE technologies offer broadband data with mobility and roaming capabilities, SIM-based security, and other features to support connectivity for Internet of Things devices and human end-users.

Major factors driving the global private LTE in mining industry market are increase in demand for Internet of Things in the mining industry. Mining processes involve a number of issues in the area of connectivity as mining sites are usually located in isolated regions with minimal cellular coverage. This leads to increased demand for strong communication networks. The strong eco system in the market also strengthens the private LTE in mining industry market.

For instance, in June 2017, Redline Communications Group Inc. a provider of wireless networks partnered with Future Technologies Ventures, LLC (Future Technologies) to offer a private LTE network solution to military customers for strategic deployment purposes. With this partnership, Future Technologies Ventures, LLC was able to provide a private network to its existing military customers. However, government rules and regulations for spectrum hamper the private LTE in mining industry market.

The global private LTE in mining industry market can be segmented based on solution, application, enterprise size, and region. The private LTE in mining industry market can be categorized based on solution into infrastructure and devices. The infrastructure solution can be segmented into hardware, software, and services. The hardware solution includes EPC, eNodeB Radio Access Network (RAN), network core, small cells etc. and devices includes phones, notepads, and mobile routers. The services solution can be divided into managed and professional services.

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Professional services can be further classified into installation & integration, support & maintenance, and auditing & consulting. In terms of application, the global private LTE in mining industry market can be classified into remote control operation, security surveillance, camera monitoring, dispatch structures, water-level monitoring, supply control, detection of moving machinery, collision awareness application, fatigue monitoring, conveyor monitoring, machinery alarm monitoring, and others (access control systems, emergency notification system etc.). In terms of organization size, the private LTE in mining industry market can be classified into small-medium organizations and large organizations.

Based on region, the global private LTE in mining industry market can be segmented into North America, Europe, South America, Asia Pacific, and Middle East & Africa. North America is estimated to account for high market share in 2018, and it is expected to continue its dominance over the forecast period. This is due to government initiatives to allow spectrum (Citizens Broadband Radio Service) for business applications. The private LTE in mining industry market in Canada is also expected to grow at a high CAGR due to a strong eco system in this region. The private LTE in mining industry market in European countries is expected to expand at a significant CAGR due to increasing need for secure and dedicated networks from industry verticals.

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The global private LTE in mining industry market is expected to create significant opportunity due to strong eco system partnerships. For instance, in March 2018, Ericsson AB and Ambra Solutions provided a private LTE network for Laronde Mine Agnico Eagle Mines Ltd, a mining company based in Quebec, Canada. The private LTE network is utilizing band 5 at 850 MHz. The installed private LTE network permits the use of IoT sensors and devices to operate, monitor, and collect data throughout the mining site. Moreover, it includes remote control operation for mining machinery, dispatch systems, emergency notification systems, access control systems, automated data collection, ventilation fan monitoring, and gas detection systems.

Key companies operating in the global private LTE in mining industry market are Nokia Corporation, Ericsson AB, NEC Corporation, Squire Technologies, Quortus Limited, NetNumber Inc., Redline Communications, SpiderCloud Wireless, Ruckus Networks, Sercomm Corporation, Intel Corporation, Future Technologies LLC, HCL Technologies Limited, ADVA Optical Networking SE, Mavenir Systems, pdvWireless, and Deutsche Telekom AG.