4G LTE Market Size, COVID – 19 Analysis, Business Trends, Research Report, Demographic Segmentation by Forecast 2027
Market Scenario:
Market
Research Future (MRFR) predicts the global 4G LTE
Market Size to reach
approximately USD 322.77 billion at a 38% CAGR from 2017-2023 (forecast
period).
4G
connectivity is a groundbreaking trend in the telecom industry that was
developed to replace 3G connectivity. The 4G (fourth generation) mobile network
technology enables a reliable connection with high-speed data transmission. The
term "4G LTE" refers to the fourth-generation long-term evolution network,
which offers the fastest connection for a mobile internet experience and is
expected to be ten times faster than the 3G mobile network.
The
4G LTE connectivity are led by various technology namely LTE-Frequency Duplex
Division (LTE-FDD), LTE- Time Duplex Division (LTE-TDD), WiMax, and HSPA+.
These technologies are powered by the spectrum band, which provides the
end-user with improved internet connectivity and browsing capabilities. For
example, Telstra, a leading telecommunications company based in Australia, uses
carrier aggregation to deliver data via FDD at 700MHz and 1,800MHz spectrum
bands.
On
the plus side, the rapid adoption of low-cost smart devices such as
smartphones, laptops, and tablets, as well as an increase in demand for
improved connectivity to improve customer experience, are expected to be
contributing factors for the growth of 4G LTE over the assessment period. On
the other hand, continuous review of regulatory policy regarding spectrum
standards and exposure to harmful radiations are expected to be driving factors
for market growth during the review period.
COVID-19 Impact on the Global 4G LTE Market
The
introduction of a set of rules by governments of various nations to combat the
COVID-19 crisis has been found to have an impact on the global 4G LTE
industry's growth.
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Competitive
Outlook:
Some of the main players
in the global market include Verizon Wireless (U.S.), AT&T (U.S.),
Alcatel-Lucent (France), Sprint Nextel (U.S.), MetroPCS (U.S.), U.S. Cellular
(U.S.), Huawei Technologies Co. Ltd. (China), S.K. Telecom (South Korea),
Bharti Airtel Ltd. (India), LM Ericsson (Sweden), Vodafone Group PLC (U.K.) and
others.
Segmentation:
The
global 4G LTE market has been segmented into device type, technology,
connection plan, and organization size.
By
device type, the global 4G LTE market has been segmented into smartphones,
laptops, tablets, routers, wireless modems, and others.
Based
on technology, the global 4G LTE market has been segmented into LTE-FDD
(frequency division duplex), LTE-TDD (Time-division duplex), LTE- advance,
WiMax, HSPA+.
By
connection plan, the global 4G LTE market has been segmented into pre-paid and
post-paid.
Based
on organization size, the global 4G LTE market has been segmented into small
& medium enterprises and large enterprises.
Regional
Analysis:
Geographically,
the global 4G LTE industry has been segmented into four different regions,
namely North America, Asia Pacific, Europe, and The Rest of the World.
The
4G LTE market in North America is expected to expand significantly. The
region's leaders are the United States and Canada. The market is expanding as a
result of advanced spectrum efficiency, which allows for the repurposing of
broadcast spectrum for broadband. Over the projected period, Asia Pacific is
expected to be the fastest-growing area in the 4G LTE market. The leading
nations in the 4G LTE market are South Korea, India, Japan, and China. This
trend of growth can be attributed to the rapid rise in demand for high-speed
connectivity. Europe is projected to be a key region in the market due to
pre-requisite infrastructure and technological expertise in the telecom
industry.
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1 Executive
Summary
2 Scope
of the Report
2.1 Market
Definition
2.2 Scope of the
Study
2.2.1 Research
objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
Continued….
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