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Long Term Evolution Market Share, Growth, Opportunities 2031
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Long Term Evolution Market Share, Growth, Opportunities 2031

Segments - Long Term Evolution Market by Technology (Division Duplexing (FDD) and Time Division Duplexing (TDD)), Applications (VoLTE, Video on Demand, High Speed Data Service, Defense & Security, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

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Author : Raksha Sharma
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Upcoming | Report ID :ICT-SE-507 | 4.3 Rating | 62 Reviews | 190 Pages | Format : PDF Excel PPT

Report Description


Long Term Evolution Market Outlook 2031:

The global long term evolution market size was valued at USD 29.84 Billion in 2022 and is projected to reach USD 169.65 Billion by 2031, expanding at a CAGR of 21.3% during the forecast period 2023 - 2031. The growth of the market is attributed to rising demand for high mobile data and improved user experience.

Long term evolution is standard for wireless broadband communication for data terminals and mobile devices, based on UMTS/HSPA and EDGE/GSM technologies. It increases speed and capacity of cellphones and other devices using several radio interfaces.

It offers scalable bandwidth capacity, reduced latency, and backward compatibility with the existing universal mobile telecommunication service (UMTS) and Global system for mobile communication (GSM) technology. LTE provides fast audio and video streaming, carrier aggregation, and real time connection to services.

Long Term Evolution Market Outlook

  • Arrival of new devices and applications, enhanced spectrum efficiency, and growing data traffic are expected to be the major factors driving the LTE market.
  • Necessity for uninterrupted video and audio streaming is estimated to fuel the market.
  • With rising 4G exposure, the LTE market is projected to propel during the forecast period.
  • 4G technologies provide policy-based real time application and mobile convergences such as VoIP, messaging integrated with video clips, push to talk dispatch, and two way telephony.
  • 4G technology-integrated devices aids consumers to watch uninterrupted videos regardless of their location.
  • Enhancement of new mobile applications that offer video streaming, video calls, and several other real time applications, raised the demand for high speed mobile internet, which in turn, is projected to drive the market.
  • Lack of infrastructure led to issues such as network complexity and device compatibility, which are anticipated to hamper the market growth.

Scope of the Long Term Evolution Market Report:

The report on the long term evolution market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Long Term Evolution Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Technology (Division Duplexing (FDD) and Time Division Duplexing (TDD)), Applications (VoLTE, Video on Demand, High Speed Data Service, Defense & Security, and Others), and Regions

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

SK Telecom, Huawei Technologies Co. Ltd., Alcatel-Lucent, KT Corporation, Nokia Solutions & Networks, Metro PCS, Verizon Wireless, Ericsson, and LG Uplus

Long Term Evolution Market Segment Insights:

The frequency segment is projected to hold a major market share during the forecast period

Based on technology, the global long term evolution market is bifurcated into frequency division duplexing (FDD) and time division duplexing (TDD). The frequency division duplexing segment is expected to expand at a high CAGR during the forecast period.

Long Term Evolution Market Technology

The VoLTE segment held a major market share of the total revenue in 2017

On the basis of applications, the global long term evolution market is segregated as VoLTE, video on demand, high speed data service, defense & security, and others. The VoLTE segment is estimated to expand at a high CAGR during the forecast period. VoLTE service eradicates the need for different platforms for voice calls by transporting voice calls in the same channel.

VoLTE offers HD video and voice calls with additional coverage and increased battery life. Latest technological advancements are propelling the adoption and popularization of these services in developing countries such as China and India.

Long Term Evolution Market Application

The market in Asia Pacific is expected to expand at a rapid pace during the forecast period

In terms of regions, the global long term evolution market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is projected to hold a major share of the total revenue during the forecast period. LTE is a new technology in this region, as the region has low internet penetration as compared to other markets.

Thus, the LTE market has large scope in this region. Usage of smartphones increased in recent years and is expected to expand the market in the region during the forecast period. Increasing demand for high speed broadband and changing consumer preference in the region is expected to drive the market in the region. Rapid industrial growth & urbanization and enhancement in communication technology are anticipated to be the major factors boosting the market in the region.

 

Long Term Evolution Market Region

Segments

The global long term evolution market has been segmented on the basis of

Technology

  • Division Duplexing (FDD)
  • Time Division Duplexing (TDD)

Applications

  • VoLTE, Video on Demand
  • High Speed Data Service
  • Defense & Security
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • SK Telecom
  • Huawei Technologies Co. Ltd.
  • Alcatel-Lucent
  • KT Corporation
  • Nokia Solutions & Networks
  • Metro PCS
  • Verizon Wireless
  • Ericsson
  • LG Uplus

Competitive Landscape

Key players in the global long term evolution market include SK Telecom, Huawei Technologies Co. Ltd., Alcatel-Lucent, KT Corporation, Nokia Solutions & Networks, Metro PCS, Verizon Wireless, Ericsson, and LG Uplus.

Rapid industrial growth, urbanization, and development in communication technology are the major factors driving the market.

In 2018-2019, the first NSA 5G technology was launched and was widely available.

In 2007, Ericsson, a Swedish telecom company, launched LTE with a bit rate of 144 Mbps. In 2016, Huawei launched 4.5G technology. The 4.5G evolution is segregated into three steps Go Giga, Go Cloud, and Go Vertical. In 2018, Nokia massive MIMO was used to increase LTE network capacity in the USA, China, Europe, and Asia Pacific.

 Long Term Evolution Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Long Term Evolution Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Long Term Evolution Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Long Term Evolution Market - Supply Chain
  4.5. Global Long Term Evolution Market Forecast
     4.5.1. Long Term Evolution Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Long Term Evolution Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Long Term Evolution Market Absolute $ Opportunity
5. Global Long Term Evolution Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Long Term Evolution Market Size and Volume Forecast by Applications
     5.3.1. VoLTE, Video on Demand
     5.3.2. High Speed Data Service
     5.3.3. Defense & Security
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Long Term Evolution Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Long Term Evolution Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Long Term Evolution Demand Share Forecast, 2019-2026
7. North America Long Term Evolution Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Long Term Evolution Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Long Term Evolution Market Size and Volume Forecast by Applications
     7.4.1. VoLTE, Video on Demand
     7.4.2. High Speed Data Service
     7.4.3. Defense & Security
     7.4.4. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Long Term Evolution Demand Share Forecast, 2019-2026
8. Latin America Long Term Evolution Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Long Term Evolution Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Long Term Evolution Market Size and Volume Forecast by Applications
     8.4.1. VoLTE, Video on Demand
     8.4.2. High Speed Data Service
     8.4.3. Defense & Security
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Long Term Evolution Demand Share Forecast, 2019-2026
9. Europe Long Term Evolution Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Long Term Evolution Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Long Term Evolution Market Size and Volume Forecast by Applications
     9.4.1. VoLTE, Video on Demand
     9.4.2. High Speed Data Service
     9.4.3. Defense & Security
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Long Term Evolution Demand Share Forecast, 2019-2026
10. Asia Pacific Long Term Evolution Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Long Term Evolution Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Long Term Evolution Market Size and Volume Forecast by Applications
     10.4.1. VoLTE, Video on Demand
     10.4.2. High Speed Data Service
     10.4.3. Defense & Security
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Long Term Evolution Demand Share Forecast, 2019-2026
11. Middle East & Africa Long Term Evolution Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Long Term Evolution Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Long Term Evolution Market Size and Volume Forecast by Applications
     11.4.1. VoLTE, Video on Demand
     11.4.2. High Speed Data Service
     11.4.3. Defense & Security
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Long Term Evolution Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Long Term Evolution Market: Market Share Analysis
  12.2. Long Term Evolution Distributors and Customers
  12.3. Long Term Evolution Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. SK Telecom
     12.4.2. Huawei Technologies Co. Ltd.
     12.4.3. Alcatel-Lucent
     12.4.4. KT Corporation
     12.4.5. Nokia Solutions & Networks
     12.4.6. Metro PCS
     12.4.7. Verizon Wireless
     12.4.8. Ericsson
     12.4.9. LG Uplus

Methodology

Our Clients

sinopec
Siemens Healthcare
Honda Motor Co. Ltd.
Deloitte
The John Holland Group
General Electric
FedEx Logistics
Dassault Aviation