Global LTE Equipment Market to Reach US$ 104.49 bn by 2025

A new research report titled, “LTE Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the report, the global LTE equipment market is likely to grow at a CAGR of over 21.4% during the assessment period 2017-2025, and reach a valuation of US$ 104.49 Bn.

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LTE (long term evolution), marketed as 4G LTE, is a wireless communication standard for high-speed data used by data terminals and mobile phones. LTE equipment can be defined as the various components required for the effective operation of LTE network and its protocols. LTE offers a superior user experience for next-generation mobile broadband. LTE networks are constantly evolving and is paving the way to 5G with the introduction of new capabilities. The requirement of improved data speed, demand for bandwidth and increasing data consuming applications and services are driving the demand for LTE networks.

The sudden and massive rise in availability of internet-enabled devices such as smartphones, and tablets are also driving the growth of LTE equipment market. Moreover, telecom operators and government organizations are investing in 4G networks, which is responsible for the growth of LTE equipment market. Furthermore, growing demand for high-bandwidth data services by consumers is compelling telecom operators to provide efficient services at lower costs.

Commercial Sector to Prove to be More Lucrative

The global LTE equipment market has been segmented on the basis of component, technology, application and geography. On the basis of component, the market is categorized into LTE infrastructure and LTE testing Equipment. LTE infrastructure has large market share due to increasing deployments of base stations by the players to increase network coverage area. LTE base station is one of the major component of LTE network. LTE equipment are deployed in overall end-to-end network infrastructure.

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On the basis of application, the market has been classified into commercial and government segment. The commercial segment holds large share as the businesses utilizes LTE equipment for safety infrastructure, remote diagnostics and for simplified network management. There is rise in adoption of public safety LTE which is contributing in the growth of LTE equipment in government sector. On the basis of technology, the market is segment into TD-LTE, LTE-FDD and hybrid. LTE-TDD provides strong device support and wireless technology adoption. Due to faster adoption of TD-LTE by the network providers, the TD-LTE segment of LTE equipment is expected to grow at a faster rate during the forecast period.

Global LTE Equipment Market: Scope of the Report

This research study on the global LTE equipment market provides a detailed analysis of various component and applications of LTE equipment available in the market. Based on the component, the market is divided into LTE infrastructure and LTE testing equipment. The various types of application of the LTE equipment includes commercial and government sector. Based on technology, the market has been segmented into TD-LTE, FDD-LTE and hybrid. The report includes a comprehensive coverage of the underlying economic development factors under the key trends analysis section.

The report aims to provide in-depth analysis of the global LTE equipment market across geographical regions, which are further segmented to country level analysis. North America region is segmented into the U.S., Canada and Rest of North America. Similarly, under Europe, analysis for UK, Germany, France and Rest of Europe LTE equipment market has been provided. Asia Pacific section includes analysis of the China, India and Rest of APAC LTE equipment market. Analysis of LTE equipment market for GCC countries, South Africa, and Rest of Middle East and Africa has been provided under MEA region, whereas under South America, LTE equipment markets across Brazil and Rest of South America have been analyzed. The revenue estimates for these regions and countries is also included in the report. The report also provides key trends analysis for all the regions and different policies and regulations implemented in countries across these regions.

Global LTE Equipment Market: Competitive Dynamics

The report also highlights the competition matrix of the LTE equipment market, positioning all the major players according to their geographic presence, market position, key recent developments, and segment growth. The report provides recommendations for various new entrants, small and medium and large market players in the global LTE equipment market.

Under the company profiles section, the report provides an overview of the players operating in the market, the strategies deployed by them to gain competitive advantage, annual revenue generated by them in the historical years and their relevant business segment revenue. The key players profiled in this report include, Ericsson AB, Fujitsu Limited, Huawei Technologies, Motorola, Nokia Corporation, NEC Corporation, AT&T Inc., Sprint Corporation, Telrad Networks and ZTE Corporation.

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This release was published on openPR.