Press release
Global Small Cell Market to Witness Steady Growth as Mobile Data Traffic Rises
According to the estimations put forth by Inkwood Research, the Global Small Cell Market is predicted to project a CAGR of 25.06% in terms of revenue during the forecasting years of 2021-2028."Browse 53 Market Data Tables and 49 Figures spread over 194 Pages, along with an in-depth TOC on the Global Small Cell Market Forecast 2021-2028."
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Small cells entail miniature telecom base stations, transmitting a low-power signal, and covering a relatively smaller area than traditional microcell base stations. Moreover, since small cell base stations are closer to mobile users, they ensure higher data performance, better voice quality, and enhanced battery life. As a result, small cells enable operators to provide quality and coverage across areas where traditional signals are challenging to reach. These primarily include outdoor environments and indoor locations.
Increasing Mobile Data Traffic to Drive Market Growth
The growing popularity, as well as the use of smart devices, result in surging mobile data traffic. Besides, its growth is predominantly fueled by the increasing number of data-capable devices, in addition to a high-bandwidth application. The ability of high-speed broadband networks is expected to further drive the growth of mobile data traffic, during the forecast years. The total mobile data traffic, across the world, is expected to reach 226EB each month, in 2026, from approximately 51EB in 2020. This figure depicts the mobile data to be consumed by over 6 billion people using laptops, smartphones, and several new devices.
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Urban is the Leading Location
The transceiver with 3G and 4G/LTE radio, under the urban segment, serves as the connection point between a wireless device and the cellular network for highly populated locations. The environments comprise, outdoor, including city centers and parks, as well as indoors, including shopping malls, convention centers, and transport hubs. Besides, they are connected with the macro layer, through a HetNet. Urban small cells are mainly designed for heavy traffic areas, embedded into robust cabinets suitable for deployment in unsupervised areas. They also perform the same functions as a base transceiver station (BTS). However, their coverage entails a scale of several hundred meters, and support 8 to 64 users, with an output power of 1 to 2 W.
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Asia Pacific to be the Fastest-Growing Region by 2028
China captured a significant share of the small cell market in the Asia Pacific, in 2020. Moreover, small cell manufacturers such as ZTE Corporation and Huawei result in easy deployment across China. Similarly, India is anticipated to be the fastest-growing market in the region, on account of the country's rapidly growing data needs. However, the COVID-19 pandemic has resulted in reduced investments and is likely to negatively impact the small cell market.
The competitive rivalry within the small cell market is projected to remain high during the forecast years. In addition, leading telecommunication and electronic firms attempt to deploy small cells, in order to augment their coverage. Hence, as the market demand increases, the competition to capture the market share is expected to observe a growing trend, as well. Some of the distinguished companies operating in the market are, NEC Corporation, ZTE Technologies, Nokia Corporation, Ericsson, etc.
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