LTE Devices Market

Name: Growth Market Reports
Address: 500 East E Street, Ontario, 91764, USA
Telephone: +1 909 414 1393

Segments - by Applications (Browsing, Gaming, Sharing, Video Telephony, and Live TV), End-user Devices (USB Modems, Smartphones, Card Modules, and Notebooks), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

ICT-SE-553
4.4 Rating
180 Pages

Upcoming
71 Reviews

Author :

Raksha Sharma

Fact-checked by :

Amulya Agarwal

Editor :

Shruti Bhat

Report Description

LTE Devices Market Outlook 2031

The global LTE devices market size was valued at USD 44.83 Billion in 2022 and is projected to reach USD 75.10 Billion by 2031, expanding at a CAGR of 5.9% during the forecast period 2023 - 2031. 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 LTE devices market growth.
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 LTE devices 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 LTE devices market expansion.
High initial device costs and lack of awareness are expected to hinder the LTE devices 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.

Attributes	Details
Report Title	LTE Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Applications (Browsing, Gaming, Sharing, Video Telephony, and Live TV) and End-user Devices (USB Modems, Smartphones, Card Modules, and Notebooks)
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	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

LTE Devices Market Segment Insights

Applications Segment Analysis

Based on applications, the global LTE devices market share 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.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LTE Devices 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. LTE Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. LTE Devices Market - Supply Chain
  4.5. Global LTE Devices Market Forecast
     4.5.1. LTE Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. LTE Devices Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. LTE Devices Market Absolute $ Opportunity
5. Global LTE Devices 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. LTE Devices Market Size and Volume Forecast by Applications
     5.3.1. Browsing
     5.3.2. Gaming
     5.3.3. Sharing
     5.3.4. Video Telephony
     5.3.5. Live TV
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global LTE Devices 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. LTE Devices 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 LTE Devices Demand Share Forecast, 2019-2026
7. North America LTE Devices 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 LTE Devices 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 LTE Devices Market Size and Volume Forecast by Applications
     7.4.1. Browsing
     7.4.2. Gaming
     7.4.3. Sharing
     7.4.4. Video Telephony
     7.4.5. Live TV
  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 LTE Devices Demand Share Forecast, 2019-2026
8. Latin America LTE Devices 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 LTE Devices 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 LTE Devices Market Size and Volume Forecast by Applications
     8.4.1. Browsing
     8.4.2. Gaming
     8.4.3. Sharing
     8.4.4. Video Telephony
     8.4.5. Live TV
  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 LTE Devices Demand Share Forecast, 2019-2026
9. Europe LTE Devices 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 LTE Devices 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 LTE Devices Market Size and Volume Forecast by Applications
     9.4.1. Browsing
     9.4.2. Gaming
     9.4.3. Sharing
     9.4.4. Video Telephony
     9.4.5. Live TV
  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 LTE Devices Demand Share Forecast, 2019-2026
10. Asia Pacific LTE Devices 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 LTE Devices 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 LTE Devices Market Size and Volume Forecast by Applications
     10.4.1. Browsing
     10.4.2. Gaming
     10.4.3. Sharing
     10.4.4. Video Telephony
     10.4.5. Live TV
  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 LTE Devices Demand Share Forecast, 2019-2026
11. Middle East & Africa LTE Devices 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 LTE Devices 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 LTE Devices Market Size and Volume Forecast by Applications
     11.4.1. Browsing
     11.4.2. Gaming
     11.4.3. Sharing
     11.4.4. Video Telephony
     11.4.5. Live TV
  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 LTE Devices Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global LTE Devices Market: Market Share Analysis
  12.2. LTE Devices Distributors and Customers
  12.3. LTE Devices Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Alcatel Lucent
     12.4.2. AT&T Inc.
     12.4.3. Altair Semiconductor
     12.4.4. Ericsson, LG Electronics
     12.4.5. Huawei Technologies Co. Ltd.
     12.4.6. Mobile Telesystems
     12.4.7. Motorola Solutions Inc.
     12.4.8. Research in Motion
     12.4.9. Runcom Technologies Ltd.
     12.4.10. Samsung Electronics Co. Ltd.
     12.4.11. &

Methodology

Purchase Premium Report

Buy Now

Request For Sample

Request For Customization

Enquiry Before Buying

Speak With Analyst

Customize This Report

Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization

Our Clients

Client Testinomials

We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you.
Strategy Head of Major Tech Company

We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality.
Major Player in Defense Industry

Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions.
CMO of Leading Packaging Company from USA

I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data.
Founder and Managing Partner of Major Korean Company

Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports.
Global Consulting Firm

Quick Contact

+1 909 414 1393

sales@growthmarketreports.com

Growth Market Report

Certified By

FAQ Section

Some frequently asked questions about this report!

1. What is the LTE Devices Market size?

The global LTE Devices Market size was valued at USD 44.83 billion in 2022.

2. What is the study period of LTE Devices Market?

The LTE Devices Market is studied from 2023 - 2031.

3. How big is the LTE Devices Market?

LTE Devices Market is growing at a CAGR of 5.9% in forecast period.

4. Which segment holds the largest market share?

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.

5. Which is the fastest growing region in LTE Devices Market?

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.

6. Who are the key players in LTE Devices Market?

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.