The global long term evolution market is projected to expand at a robust CAGR during the forecast period, 2021 – 2028. 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.
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 |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
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 |
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.
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.
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.
The global long term evolution market has been segmented on the basis of
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.
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