Press release
Global 3G Infrastructure Equipment Market Comprehensive Study: Forecasted Market Size And Growth Rate | Huawei Technologies Co. Ltd., Cisco Systems Inc., Fujitsu Limited, NEC Corporation, Nokia Corporation
3G Infrastructure Equipment Market Characteristics
The Business Research Company offers in-depth market insights through 3G Infrastructure Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The 3g infrastructure equipment market size has grown strongly in recent years. It will grow from $33.76 billion in 2023 to $35.51 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to mobile data demand, improved mobile connectivity, technological advancements, regulatory mandates.
The 3g infrastructure equipment market size is expected to see strong growth in the next few years. It will grow to $43.94 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to 4g and 5g evolution, rural and emerging market expansion, iot and m2m connectivity, legacy networks. Major trends in the forecast period include upgrades and optimization, 2g to 3g migration, internet of things (iot) connectivity, network sharing and decommissioning.
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Market Segmentation:
The main types of 3G Infrastructure equipment are wireless infrastructure and wired infrastructure. The integration of technology, software, support, security measures, and devices for the management and delivery of wireless communications is known as wireless infrastructure. The various products used include public switching equipment, analog equipment, digital equipment, transmission equipment, transmission lines, base transceiver stations, multiplexers, communication satellites, and others by consumer electronics, BFSI, defense, media, and other end users.
Major Driver - Proliferation Of Mobile And Wireless Devices Boosts The 3G Infrastructure Equipment Market
Growing number of mobile and wireless devices worldwide contributed to the growth of the 3G infrastructure equipment market going forward. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smart phone. According to the IoT analytics research data, 22.2 billion devices worldwide were connected via WLAN worldwide by 2021. Increased usage of mobiles and dependence on the internet, therefore, resulted in a growing number of mobile and wireless devices worldwide driving the 3G infrastructure Equipment market.
Competitive Landscape:
Major companies operating in the 3G infrastructure equipment market include Huawei Technologies Co. Ltd., Cisco Systems Inc., Fujitsu Limited, NEC Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, Qualcomm Incorporated, ZTE Corporation, Motorola Solutions Inc., Juniper Networks Inc., Ciena Corporation, Alcatel-Lucent Enterprise, Samsung Electronics Co. Ltd., CommScope Holding Company Inc., Corning Incorporated, Mitsubishi Electric Corporation, Indus Towers Limited, ECI Telecom Ltd., LG Corporation, HUBER+SUHNER Group, Extreme Networks Inc., Ribbon Communications Inc., Altiostar Networks Inc., Altran Technologies SA, Check Point Software Technologies Ltd., Fortinet Inc., Palo Alto Networks Inc., Sierra Wireless Inc., Hewlett Packard Enterprise (HPE), Broadcom Inc., Aruba Networks a Hewlett Packard Enterprise company, Avaya Inc., Brocade Communications Systems Inc., H3C Technologies Co. Ltd., Hitachi Ltd., International Business Machines Corporation (IBM), Intel Corporation, Lenovo Group Limited, NETGEAR Inc., Riverbed Technology Inc., NortonLifeLock Inc., TP-Link Technologies Co. Ltd.
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Top Trend - Rising Adoption Of Inflight Connectivity Enhances Airline Competitiveness In Customer Satisfaction
Airline companies are increasingly implementing Inflight connectivity as the consumers are choosing airlines based on internet speed and data usage charges. The ability to use a smartphone during flight travel is among the top three considerations people have when choosing an airline as per research. Inflight connectivity help create an enjoyable inflight experience for passengers by providing entertainment along with airlines having the opportunity to reinvent inflight e-commerce and Inflight advertisement and promotion.. For instance, in September 2023, according to Mark Allen Group, a UK-based publishing company,the survey indicates rising passenger expectations, with 83% expressing a higher likelihood of rebooking an airline providing quality in-flight Wi-Fi and 81% deeming Wi-Fi important, marking a 4% uptick from the 2022 survey. Half of respondents are deterred by paid in-flight Wi-Fi, while 29% are willing to pay extra for Wi-Fi-inclusive tickets. In choosing an airline, free in-flight Wi-Fi has surpassed factors like free food, legroom, and entertainment, ranking at 22%, with demand for free in-flight Wi-Fi surging by 50% in the US, 42% in India, and 35% in Brazil since 2022. Half of passengers worldwide (50%) now expect free Wi-Fi on short-haul flights, and over eight in ten (82%) for long-haul flights. Increasing competition between airlines for providing satisfaction to their customers is driving the trend.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. 3G Infrastructure Equipment Market Characteristics
3. 3G Infrastructure Equipment Market Trends And Strategies
4. 3G Infrastructure Equipment Market - Macro Economic Scenario
5. 3G Infrastructure Equipment Market Size And Growth
…..
27. 3G Infrastructure Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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