LTE Devices Market Size, Share, Growth & Trend | Forecast 2031
LTE Devices Market Size, Share, Growth & Trend | Forecast 2031
Segments - LTE Devices Market 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
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| Report ID :ICT-SE-553
| 4.4 Rating
| 71 Reviews
| 180 Pages
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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) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
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 |
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.
Frequently Asked Questions
The global LTE Devices Market size was valued at USD 44.83 billion in 2022.
The LTE Devices Market is studied from 2023 - 2031.
LTE Devices Market is growing at a CAGR of 5.9% in forecast period.
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.
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.
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.
Table Of Content
1. Executive Summary2. 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 (000’ 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
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