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Energy, Mining, and Manufacturing Sectors to Propel US CBRS Market Growth



March 27, 2024

The Citizens Broadband Radio Service (CBRS) is projected to grow significantly, with a 280% increase from 2023 to 2028. This growth is largely attributed to CBRS’s capacity to provide more affordable 5G services. Key industries that will benefit include energy, mining, and manufacturing, due to the cost-effective connectivity solutions offered by CBRS.

  • Juniper Research predicts a growth in CBRS connections from 17 million in 2023 to 66 million by 2028.
  • Industrial applications are seen as the most promising for CBRS, supporting private 5G networks.
  • CBRS aims to lower connectivity costs for businesses through a spectrum-sharing model.
  • The successful commercialization of CBRS follows extensive regulatory and technical groundwork.
  • The initiative utilizes a three-tier system to manage the shared use of 150MHz in the 3.5GHz band.
  • Juniper’s report forecasts a 280% growth in the CBRS market from 2023 to 2028.
  • The growth is attributed to the ability of CBRS to offer cost-effective 5G services by eliminating spectrum access fees.
  • Industries such as energy, mining, and manufacturing are expected to benefit the most.
  • Despite potential quality impacts due to no spectrum costs, industrial use cases are predicted to be highly successful.
  • By 2028, it’s expected that half of the CBSDs will be used within the industrial sector.
  • Private networks are anticipated to be the primary application of CBRS in the next five years.
  • The deployment of private 5G has enhanced connectivity in mining, supporting operations like autonomous vehicles.
  • 5G SA private networks are also being used to improve wireless applications and data transfer in various industries.
  • Research author Alex Webb emphasizes the importance of focusing on industrial sectors for immediate ROI for CBRS vendors.