At a CAGR of 20.5% 4G Equipment Market Size is Projected to Hit $185.05 billion by 2026 | Airspan Networks, Cisco, Fujitsu Ltd, Huawei Technologies, Motorola, NEC Corp, Nokia, Samsung Electronics, Telefonaktiebolaget LM Ericsson, ZTE Corp

Allied Market Research recently published a report, titled, "4G Equipment Market: Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global 4G equipment industry accounted for $40.42 billion in 2018 and is projected to reach $185.05 billion by 2026, registering a CAGR of 20.5% during the forecast period.

The global 4G equipment market share is dominated by key players such as Airspan Networks Inc., Cisco, Fujitsu Limited, Huawei Technologies Co. Ltd., Motorola Solutions, Inc., NEC Corporation, Nokia Corporation, Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corporation, and others.

Advent of new social media platforms and applications, increased consumer demand for high-speed connectivity, and supportive government and initiatives have boosted the growth of the global 4G equipment market. In addition, increasing competition among service providers to offer customers better network connectivity supplemented the market growth. However, rise in concerns pertaining to network hampers the market growth. On the contrary, expansion of 4G network in rural areas is expected to create lucrative opportunities in the near future.

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Key Benefits for 4G Equipment Market:

o This study presents the analytical depiction of the global 4G Equipment market trends and future estimations to determine the imminent investment pockets.

o A detailed analysis of the 4G Equipment market segments measures the potential of the market. These segments outline the favorable conditions for the market.

o The report presents information related to key drivers, restraints, and opportunities.

o The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.

o Porter's five forces analysis illustrates the potency of buyers & suppliers in the industry.

Infrastructure equipment segment dominated the market

By component, the infrastructure equipment segment held the largest share in 2018, contributing more than three-fourths of the global 4G equipment market, owing to proliferation of IoT devices and rise in number of connected devices and smartphones. However, the testing equipment segment is projected to register the fastest CAGR of 22.1% during the forecast period, due to rise in need to avoid faults in 4G equipment and trace the fault in electronic devices.

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LTE segment to manifest fastest growth through 2026

By technology, the LTE segment is estimated to portray the fastest CAGR of 21.3% during the study period. Moreover, the segment dominated the market in 2018, contributing more than four-fifths of the market, owing to high penetration of smartphones across the world. The 4g equipment market report includes analysis of the Wi-Max technology.

Asia-Pacific gathered largest share followed by North America

The market across the Asia-Pacific region held the largest share in the global 4G equipment in 2018, accounting for nearly two-fifths of the market. Moreover, the region is projected to witness the fastest growth with a CAGR of 22.0% during the forecast period, owing to strong penetration of mobile devices and cellular technologies in developing countries such as India and China. However, North America holds the second largest share in the industry, contributing more than one-fourth of the market in 2018.

Effect of Covid-19 on 4G Equipment Market

The utility-claimed portion is basically being driven by expanding money related motivators and administrative backings from the legislatures universally. The present utility-possessed 4G Equipment Market are influenced principally by the COVID-19 pandemic. The greater part of the ventures in China, the US, Germany, and South Korea are postponed, and the organizations are confronting momentary operational issues because of gracefully chain requirements and absence of site access because of the COVID-19 episode. Asia-Pacific is foreseen to get profoundly influenced by the spread of the COVID-19 because of the impact of the pandemic in China, Japan, and India. China is the epic focus of this deadly illness.

COVID-19 Pandemic disrupted the entire world and affected many industries.

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4G Equipment Market Segments:

By Component

o Infrastructure Equipment

o Small Cell
o Macro Cell
o Distributed Antenna System (DAS)
o Others

o Testing Equipment

By Application

o LTE

o TD-LTE
o FDD-LTE
o LTE A

o Wi-Max

By Region

o North America

o U.S.
o Canada

o Europe

o UK
o Germany
o France
o Rest of Europe

o Asia-Pacific

o China
o India
o Japan
o Rest of Asia-Pacific

o LAMEA

o Latin America
o Middle East
o Africa

4G Equipment Market to Reach $185.05 Bn, Globally, by 2026 at 20.5% CAGR @ https://www.prnewswire.com/news-releases/4g-equipment-market-to-reach-185-05-bn-globally-by-2026-at-20-5-cagr-says-allied-market-research-300906819.html

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