MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography - Global forecast 2025
The MulteFire market is projected to grow USD 2,119 million by 2025, at a CAGR of 36.0% during the forecast period.
The MulteFire market is driven by rising need for more scalable and better network connectivity for industrial IoT (IIoT) applications and Increasing demand for high-capacity and easy-to-install wireless connectivity networks. Deployment of 5G network, and initiative of MulteFire alliance are expected to provide substantial growth opportunities to players in the MulteFire market.
Small cell devices to grow at highest CAGR for MulteFire market during forecast period
The highest growth rate of the MulteFire market for small cell devices is due to the rising demand for reliable and private networks based on unlicensed and shared frequencies would accelerate the deployment of small cells for enterprise applications. Small cells allow service providers to eliminate the requirement for the installation of expensive rooftop systems. Further, they also play a vital role in enhancing network performance. Thus, small cells address diverse network requirements across both outdoor and indoor applications. A few players providing small cells include Airspan, BaiCells, Ericsson, and Ruckus.
Industrial application to capture considerably large share of MulteFire market size in 2020
The industrial application expected to hold the largest MulteFire market size in 2020. As industrial infrastructure comprises various automated systems, including robotics, automated guided vehicles (AGVs), drones, augmented reality and virtual reality (AR/VR) technology-based devices, which are working in accordance with each other to develop a product or move it from one location to another. Therefore, high-speed and low-latency data transfer becomes a critical requirement. The growing importance of Industry 4.0 and rising need for secure, reliable, and high-performing connectivity network for IIoT are the key factors driving the demand for MulteFire market. LTE offers extremely secured and high-bandwidth connectivity with predictable latency, but due to its high cost and the requirement for the licensed spectrum, many enterprises are looking for cost-effective networks. Hence, industrial manufacturers focus on using cost-effective and reliable MulteFire technology-based LTE networks, which do not require the licensed spectrum or an anchor tenant.
North America to hold largest share of MulteFire market in 2020
North America region is expected to hold the largest share of the MulteFire market in 2020. North America would be one of the leading regions in terms of the adoption of MulteFire technology-based networks. The MulteFire market growth is likely to be propelled by the initiatives of the MulteFire Alliance to explore opportunities in making LTE technologies available in the unlicensed band for varied applications in several verticals, such as industrial manufacturing, mining, healthcare, and commercial. The region is home to several key companies who are the members of the MulteFire Alliance, such as Qualcomm, Intel, Wave Wireless, SpiderCloud Wireless, T-Mobile, and Verizon. Qualcomm was the first to introduce LTE in unlicensed spectrum (LTE-U). Increasing adoption of IoT devices, industry 4.0 solutions, and smart manufacturing solutions has created the need for a reliable and secure network for data communications; this factor is expected to provide opportunities for the MulteFire market.
Key Market Players
The MulteFire market is dominated currently by Qualcomm (US), Nokia (Finland), Ericsson (Sweden), Huawei (China), Samsung (South Korea), Baicells Technologies (China), Casa Systems (US), Redline Communications (Canada), Ruckus Networks (US), SpiderCloud Wireless (US), Airspan (US), Athonet (Italy), ip.access (UK), Qucell (South Korea), and Quortus (UK) are a few of the major companies dominating the MulteFire market.
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|
Report Metric |
Details |
| Estimated Value | USD 455 Million |
| Expected Value | USD 2,119 Million |
| Growth Rate | CAGR of 36.0% |
|
Market size availability years |
2020–2025 |
|
Base year |
2020 |
|
Forecast period |
2020–2025 |
|
Units |
Value (USD Million) |
|
Segments covered |
Device, Application, and Region |
|
Geographic regions covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
Qualcomm (US), Nokia (Finland), Ericsson (Sweden), Huawei (China), Samsung (South Korea), Baicells Technologies (China), Casa Systems (US), Redline Communications (Canada), Ruckus Networks (US), SpiderCloud Wireless (US), Airspan (US), Athonet (Italy), ip.access (UK), Qucell (South Korea), and Quortus (UK) |
This report categorizes the MulteFire market, by device, application, and region.
MulteFire Market, by Device:
- Small Cells
- Switches
- Controllers
MulteFire Market, by Application:
- Industrial Manufacturing
- Transportation
- Commercial
- Healthcare
- Public Venues
- Hospitality
- Power Generation
- Oil & Gas and Mining
MulteFire Market, by Region:
- North America
- APAC
- Europe
- RoW
Key questions addressed in the report
- How big is the opportunity for the MulteFire market? How rising adoption of MulteFire technology-based devices can help to grasp this USD 2.1 billion opportunity?
- What are the recent industry trends that can be implemented to generate additional revenue streams?
- Who are the major players operating in MulteFire market? Which companies are the front runners?
- With the rise in demand for MulteFire technology-based devices from various end-user industries, what are the opportunities for players that are currently active in the MulteFire market and for those planning to enter multiple stages of the value chain?
- How will the increasing adoption of small cells in industrial and commercial applications impact the growth rate of the overall MulteFire market?
- What are the current investment trends in the MulteFire market?
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 28)
4.1 Attractive Growth Opportunities in MulteFire Market
4.2 Market, By Application and Region
4.3 Market for Small Cells, By Region
5 Market Overview (Page No. - 30)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Need for More Scalable and Better Network Connectivity for Industrial IoT (IIoT) Applications
5.2.1.2 Increasing Demand for High-Performance and Easy-to-Deploy Wireless Connectivity Networks
5.2.1.3 Growing Requirement for Cost-Efficient and High-Capacity Networks
5.2.2 Restraints
5.2.2.1 Delay in Making Decisions Related to Utilization of Shared Spectrum
5.2.3 Opportunities
5.2.3.1 Deployment of 5g Network
5.2.3.2 Initiatives of MulteFire Alliance to Promote Use of MulteFire
5.2.4 Challenges
5.2.4.1 Development of Ecosystem of MulteFire-Compatible Devices
6 Market, By Device (Page No. - 35)
6.1 Introduction
6.2 Small Cells
6.2.1 Small Cells to Dominate Market Owing to Growing Interest of Leading Players to Offer MulteFire Small Cells
6.3 Switches
6.3.1 Increasing Adoption of Switches to Manage Flow of Data Across MulteFire Networks Boost Growth of Switch Market
6.4 Controllers
6.4.1 Increasing Need for Affordable and Secure Networks With Better Coverage Capacity, Especially in Industrial Sector, Provides Opportunity for MulteFire Controller Market
7 Market, By Application (Page No. - 43)
7.1 Introduction
7.2 Industrial Manufacturing
7.2.1 Growth of Market for Industrial Application is Fueled By Growing Importance of Industry 4.0 and Rising Need for Secured, Reliable, and High-Performing Connectivity Network for IIoT
7.3 Transportation
7.3.1 Adoption of MulteFire Network is Propelled By Its Superior Wireless Connectivity That Enables Real-Time Communication for Effective Supply Chain Management
7.4 Commercial
7.4.1 Demand for MulteFire Networks Would Surge With Increasing Adoption of Advanced Technologies as Well as Rising Requirements for High-Capacity, Cost-Effective, and Low-Latency Wireless Networks
7.5 Healthcare
7.5.1 High Need for Stable and Reliable Network Owing to Rising Use of Iot-Based Devices in Healthcare Provides Opportunity for Market
7.6 Public Venues
7.6.1 Highly Secure Wireless Coverage Offered By MulteFire Network Provides Growth Opportunities for Market Players
7.7 Hospitality
7.7.1 High Demand From Customers for Reliable Networks Provides Opportunity for Market
7.8 Power Generation
7.8.1 Requirements for Reliable and Secured Networks With Low Latencies Due to Increased Automation Provide Opportunity for Market
7.9 Oil & Gas and Mining
7.9.1 Demand for MulteFire is Driven By Increased Need for Highly Reliable and Secure Communication Network for Constant Real-Time Monitoring in Oil & Gas and Mining Industries
8 Geographic Analysis (Page No. - 62)
8.1 Introduction
8.2 North America
8.2.1 North America, Being Early Adopter of MulteFire Based Networks, Would Continue to Lead Market During Forecast Period
8.3 Europe
8.3.1 Growing Importance of Industrial IoT and Industry 4.0 Would Boost Market Growth in Coming Years
8.4 Asia Pacific
8.4.1 Increasing Data Traffic and MulteFire Alliance Initiatives to Further Promote Lte-Based Technology for Unlicensed and Shared Spectrums Drive Market
8.5 RoW
8.5.1 Technological Advancements in Oil & Gas Industry Expected to Spur Demand for MulteFire-Based Networks in RoW
9 Competitive Landscape (Page No. - 71)
9.1 Introduction
9.2 Market Ranking, 2018
9.3 Competitive Scenario
9.3.1 Product Launches and Developments
9.3.2 Partnerships and Collaborations
9.3.3 Agreements and Contracts
9.3.4 Acquisitions and Expansions
10 Company Profiles (Page No. - 76)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
10.1 Key Players
10.1.1 Qualcomm
10.1.2 Nokia
10.1.3 Ericsson
10.1.4 Huawei
10.1.5 Samsung Electronics
10.1.6 Baicells Technologies
10.1.7 Casa Systems
10.1.8 Redline Communications
10.1.9 Ruckus Networks
10.1.10 SpiderCloud Wireless (A Corning Company)
10.2 Other Key Players
10.2.1 Airspan
10.2.2 Athonet
10.2.3 ip.access
10.2.4 Qucell
10.2.5 Quortus
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 104)
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details
List of Tables (37 Tables)
Table 1 MulteFire Market, By Device, 2020–2025 (USD Million)
Table 2 MulteFire Small Cell Market, By Application, 2020–2025 (USD Million)
Table 3 MulteFire Small Cell Market, By Region, 2020–2025 (USD Million)
Table 4 MulteFire Switch Market, By Application, 2020–2025 (USD Million)
Table 5 Market, By Region, 2020–2025 (USD Million)
Table 6 Market, By Application, 2020–2025 (USD Million)
Table 7 Market, By Region, 2020–2025 (USD Million)
Table 8 Market, By Application, 2020–2025 (USD Million)
Table 9 MulteFire Small Cell Market for Industrial Manufacturing Applications, By Region, 2020–2025 (USD Million)
Table 10 MulteFire Switch Market for Industrial Manufacturing Applications, By Region, 2020–2025 (USD Million)
Table 11 Market for Industrial Manufacturing Applications, By Region, 2020–2025 (USD Million)
Table 12 Market for Transportation Applications, By Region, 2020–2025 (USD Million)
Table 13 Market for Transportation Applications, By Region, 2020–2025 (USD Million)
Table 14 Market for Transportation Applications, By Region, 2020–2025 (USD Million)
Table 15 Market for Commercial Applications, By Region, 2020–2025 (USD Million)
Table 16 Market for Commercial Applications, By Region, 2020–2025 (USD Million)
Table 17 Market for Commercial Applications, By Region, 2020–2025 (USD Million)
Table 18 Market for Healthcare Applications, By Region, 2020–2025 (USD Million)
Table 19 Market for Healthcare Applications, By Region, 2020–2025 (USD Million)
Table 20 Market for Healthcare Applications, By Region, 2020–2025 (USD Million)
Table 21 MulteFire Small Cell Market for Public Venues Applications, By Region, 2020–2025 (USD Million)
Table 22 Market for Public Venues Applications, By Region, 2020–2025 (USD Million)
Table 23 Market for Public Venues Applications, By Region, 2020–2025 (USD Million)
Table 24 Market for Hospitality Applications, By Region, 2020–2025 (USD Million)
Table 25 Market for Hospitality Applications, By Region, 2020–2025 (USD Million)
Table 26 Market for Hospitality Applications, By Region, 2020–2025 (USD Million)
Table 27 Market for Power Generation Applications, By Region, 2020–2025 (USD Million)
Table 28 Market for Power Generation Applications, By Region, 2020–2025 (USD Million)
Table 29 Market for Power Generation Applications, By Region, 2020–2025 (USD Million)
Table 30 Market for Oil & Gas and Mining Applications, By Region, 2020–2025 (USD Million)
Table 31 Market for Oil & Gas and Mining Applications, By Region, 2020–2025 (USD Million)
Table 32 MulteFire Controller Market for Oil & Gas and Mining Applications, By Region, 2020–2025 (USD Million)
Table 33 MulteFire Market, By Region, 2020–2025 (USD Million)
Table 34 Product Launches and Developments, 2017–2018
Table 35 Partnerships and Collaborations, 2017–2018
Table 36 Agreements and Contracts, 2018
Table 37 Expansions, 2018
List of Figures (34 Figures)
Figure 1 MulteFire Market: Research Design
Figure 2 Research Flow of Market Size Estimation
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Small Cells to Account for Largest Size of Market in 2020
Figure 7 Commercial Applications to Record Highest CAGR in Market From 2020 to 2025
Figure 8 North America Expected to Be Fastest-Growing Region in Market During Forecast Period
Figure 9 Rising Need for More Scalable and Better Network Connectivity for Industrial IoT (IIoT) Applications Expected to Spur Market Growth During Forecast Period
Figure 10 Industrial Manufacturing Application and North America to Account for Largest Share of Global Market in 2025
Figure 11 North America to Record Highest CAGR in MulteFire Small Cell Market During Forecast Period
Figure 12 Rising Need for More Scalable and Better Network Connectivity for Industrial IoT (IIoT) Applications to Drive Market Growth
Figure 13 Small Cells to Lead Market, By Device, During Forecast Period
Figure 14 Industrial Applications to Account for Largest Size of MulteFire Small Cell Market During Forecast Period
Figure 15 North America to Command MulteFire Small Cell Market During 2020–2025
Figure 16 MulteFire Switch Market in North America to Grow at Highest CAGR During Forecast Period
Figure 17 North America to Command MulteFire Controller Market During 2020–2025
Figure 18 Industrial Manufacturing Applications to Account for Largest Size of Market During Forecast Period
Figure 19 North America to Dominate MulteFire Small Cell Market for Industrial Manufacturing Applications During Forecast Period
Figure 20 North America Would Be Leading Region in MulteFire Small Cell Market for Transport Applications During 2020–2025
Figure 21 MulteFire Small Cell Market for Commercial Applications in North America to Grow Highest CAGR During Forecast Period
Figure 22 North America to Dominate Market During Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Europe: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Companies Adopted Product Launches and Collaborations as Key Growth Strategies From 2016 to 2018
Figure 27 Ranking of Top 5 Players in Market
Figure 28 Qualcomm: Company Snapshot
Figure 29 Nokia: Company Snapshot
Figure 30 Ericsson: Company Snapshot
Figure 31 Huawei: Company Snapshot
Figure 32 Samsung Electronics: Company Snapshot
Figure 33 Casa Systems: Company Snapshot
Figure 34 Redline Communications: Company Snapshot
The study involved 4 major activities in estimating the current size of the MulteFire market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.
Secondary Research
The research methodology used to estimate and forecast the ion milling system market begins with capturing data on revenue of key vendors in the market through secondary research. This study incorporates the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the multifire Market Secondary sources include annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles from recognized authors, directories, and databases. Secondary research has been conducted to obtain important information about the industry’s supply chain, value chain, total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
Extensive primary research has been conducted after gaining knowledge about the MulteFire market scenario through secondary research. Several primary interviews have been conducted with market experts from both demand (commercial application providers) and supply (device manufacturers and distributors) sides across 4 major regions: North America, Europe, APAC, and RoW. Approximately 20% and 80% primary interviews have been conducted with parties from demand and supply sides, respectively. The primary data has been collected through questionnaires, emails, and telephonic interviews.
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Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the MulteFire market and other dependent submarkets. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:
- Key players in major application areas and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size—using the estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in the report.
Report Objectives
- To define, describe and forecast the MulteFire market by device, application, and region, in terms of value
- To describe and forecast the market for devices that include small cells, switches, and controllers, in terms of value
- To forecast the market for various segments, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the MulteFire market
- To strategically analyze micromarkets1 with respect to the individual growth trends, prospects, and contribution to the overall market
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments in the market
- To strategically profile key players and comprehensively analyze their market ranking in terms of revenue and core competencies2
- To analyze competitive developments such as product launches, agreements, partnerships, contracts, collaborations, and expansions in the MulteFire market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players based on various blocks of the value chain.
Growth opportunities and latent adjacency in MulteFire Market