The global LTE and LTE advance market is expected to be worth US$ 10 billion in 2022, growing at a 32.5% CAGR over the forecast period (2022-2032). The LTE and LTE advance market is expected to exceed US$ 87.6 billion by the end of 2032. Global growth is being driven by expanding smartphone penetration and greater data consumption.
Long term evolution (LTE) and its technology extension LTE Advanced (LTE-A) are widely used cellular technologies that significantly improve spectral efficiency by increasing the performance of cellular networks to the highest theoretical downlink speed up to 1 GBPS and reducing latency. With LTE and LTE-Advance market the end users of mobile devices get benefitted from enhanced bandwidth and superior performance combined with advanced features.
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LTE networks enhances content deliver performance to mobile applications such as end-to-end mobile video transmission, social networking, YouTube, wide area interoperable mobile data access, situational awareness etc. LTE is associated with 3GPP standards and provides easier network upgradation as compared to most of other technologies. LTE and LTE-A networks market is driven by growth in cellular market. LTE and LTE-Advance network finds its applications in video telephony, Live TV, browsing, sharing, gaming etc.
Global LTE and LTE Advance Market: Region-wise Outlook
The global LTE and LTE Advance market is divided into seven geographical regions – North America, Latin America, Asia-Pacific, Japan, Eastern Europe, Western Europe and Middle East & Africa. The global LTE and LTE Advance market is expected to reflect a significant CAGR over the forecast period.
LTE and LTE-A networks are continuously deployed in countries of North America, Asia-pacific and Western Europe. At present, North America is dominating the market in terms of revenue contribution share followed by Western Europe. Among all the regions, APEJ is expected to create huge market opportunity for major players operating in the LTE and LTE advance market during the forecast period. Latin America and Middle East & Africa regions are reflecting comparatively slow growth during the forecast period.
Global LTE and LTE Advance Market: Drivers
LTE and LTE advance solution offers resolution to substantial capacity constraints and at the same time address affordable profitability issues in the current pricing composition. One of the most dominating factor which is projected to drive the market is enhance spectrum efficiency offered by LTE and LTE Advance network. Rising data traffic has put pressure on current infrastructure to shift towards LTE and LTE advance solutions.
LTE significantly reduces long-term cost of infrastructure, which resulted in considerable increase in deployment of LTE in countries of North America, Western Europe and Asia-pacific region. With the emergence of new applications and smart devices, the demand of LTE and LTE Advance is expected to gain significant pace in upcoming years.
On other hand, complexity of the network and device compatibility issues are expected to hinder the growth of LTE and LTE advance market. Tremendous opportunities lies in providing standardization of infrastructure and high data transfer rates in LTE spectrums.
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Global LTE and LTE Advance Market: Key Players
The LTE and LTE Advance market is highly competitive market, characterised by active presence of many big players. Verizon Wireless, AT&T Inc., Ericsson, Huawei Technologies Co. Ltd., Sprint Corporation, China Mobile Ltd., T-Mobile US Inc., Alcatel-Lucent, Nokia Solutions, Networks B.V. (NSN) and Bharti Airtel Ltd., are some of the major players in global LTE and LTE advance Market.
The report covers exhaustive analysis on:
- LTE and LTE Advance Market Segments
- LTE and LTE Advance Market Dynamics
- Historical Actual Market Size, 2012 – 2014
- LTE and LTE Advance Market Size & Forecast 2015 to 2025
- Supply & Demand Value Chain
- LTE and LTE Advance Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- LTE and LTE Advance Market Drivers and Restraints
Regional analysis for LTE and LTE Advance Market includes
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Key Segments Profiled in the LTE and LTE Advance Market Report
Type:
- Infrastructure
- End-User Device
- Evolved Packet Core (EPC)
- User Equipment (UE)
- Evolved UMTS Terrestrial Radio Access Network (E-UTRAN)
Application:
- Smartphones
- USB Modems
- Notebooks
- Tablets
- Routers
- Card Modules
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
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