The global LTE devices market size is estimated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to high data speed, requirement for spectral reliability, and saturation of current 3G networks.
Long-term evolution (LTE) is a network system that allows wireless broadband communication for data terminals and mobile devices based on UMTS/HSPA and EDGE/GSM technologies. The system helps to enhance the speed and capacity using radio interfaces for cellphones and other devices.
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 faster audio and video streaming, carrier aggregation, and real time connection to services. However, one key challenge regarding the use of LTE device is that the users’ smartphones are required to support compatible modulation, usable frequencies, and coding systems, as well as backward implementation of advanced 3G networks, in order to gain effective connectivity to the LTE network.
LTE Devices Market Trends, Drivers, Restraints, and Opportunities
- LTE systems provide uninterrupted IP communication between packet data networks and user equipment without interrupting end users application. This is estimated to drive the market.
- Innovation in network sharing and hybrid network is expected to boost the market during the forecast period.
- Development of high-bandwidth software, real-time conferencing, as well as demand for TV and desktop experience on mobile devices are expected to fuel the LTE device market.
- Features such as increased coverage, cost-effective network architecture, and efficient pooling of network components, are projected to fuel the market demand.
- Changing consumer preference from voice to data access and wide adoption of broadband networks for mobile are expected to propel the LTE devices market.
- Increasing demand for LTE devices due to growing adoption of cloud computing and new applications for connected goods are projected to push the market expansion.
- High initial device costs and lack of awareness are expected to hinder the market growth.
Scope of LTE Devices Market Report
The report on the global LTE devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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LTE Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Browsing, Gaming, Sharing, Video Telephony, and Live TV) and End-user Devices (USB Modems, Smartphones, Card Modules, and Notebooks)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Alcatel Lucent, AT&T Inc., Altair Semiconductor, Ericsson, LG Electronics, Huawei Technologies Co. Ltd., Mobile Telesystems, Motorola Solutions Inc., Research in Motion, Runcom Technologies Ltd., Samsung Electronics Co. Ltd., Telenor ASA, Verizon Communication Inc., Vodafone, and ZTE Corporation
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LTE Devices Market Segment Insights
Applications Segment Analysis
Based on applications, the global LTE devices market is segregated as browsing, gaming, sharing, video telephony, and live TV. The browsing segment is estimated to hold a major share of the market during the forecast period owing to extensive use of LTE devices for browsing applications.
Rising access to high-speed internet data is another key driving factor for the segment growth. However, the gaming segment is anticipated to account for a large market share in the coming years owing to wide use of LTE devices for gaming due to improved data speed and technological innovation.
End-User Devices Segment Analysis
On the basis of end-user devices, the market is divided into USB modems, smartphones, card modules, and notebooks. The Smartphones segment is expected to register a high CAGR during the forecast period owing to rising demand for more innovative smartphones and increasing use of the devices due to the availability of low-price smartphones.
Regional Analysis
In terms of regions, the global LTE devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America accounted for a key share of the market in 2020 and is projected to grow at a rapid pace due to advancement in technology and infrastructure of LTE device manufacturers based in the region.
Meanwhile, the market in Asia Pacific is anticipated to expand at a significant growth rate during the forecast period owing to the rising demand for LTE devices from a large number of consumers from countries such as China and India.
Segments
The global LTE devices market has been segmented on the basis of
Applications
- Browsing
- Gaming
- Sharing
- Video Telephony
- Live TV
End-users Devices
- USB Modems
- Smartphones
- Card Modules
- Notebooks
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Alcatel Lucent
- AT&T Inc.
- Altair Semiconductor
- Ericsson, LG Electronics
- Huawei Technologies Co. Ltd.
- Mobile Telesystems
- Motorola Solutions Inc.
- Research in Motion
- Runcom Technologies Ltd.
- Samsung Electronics Co. Ltd.
- Telenor ASA
- Verizon Communication Inc.
- Vodafone
- ZTE Corporation
Competitive Landscape
Key players competing in the global LTE devices market include Alcatel Lucent, AT&T Inc., Altair Semiconductor, Ericsson, LG Electronics, Huawei Technologies Co. Ltd., Mobile Telesystems, Motorola Solutions Inc., Research in Motion, Runcom Technologies Ltd., Samsung Electronics Co. Ltd., Telenor ASA, Verizon Communication Inc., Vodafone, and ZTE Corporation.
Rapid industrial growth, urbanization, and development in communication technology are expected to drive the market.
- In 2016, Huawei launched 4.5G technology. The 4.5G evolution is segregated into three steps Go Giga, Go Cloud, and Go Vertical.
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