LTE Base Station System Market Dynamics: Growth Drivers, Restraints, and Opportunities - 2030

According to the report, the global LTE base station system market accounted for $25.86 billion in 2017 and is projected to garner $71.98 billion in 2023, registering a CAGR of 18.6% during the forecast period.

Increased demand for high-speed broadband services and a rise in consumer awareness of IoT applications such as connected homes & automobiles have boosted the growth of the global LTE base station system market. However, stringent norms for telecom operators in several countries and a lack of availability of compatible devices hamper the market growth. On the contrary, the growth of the overall telecom market is expected to create lucrative opportunities shortly.

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The global LTE base station system market is divided based on product type, end user, and geography. Based on product type, the market is segmented into TDD-LTE and FDD-LTE. The TDD-LTE segment held the largest share in 2017, contributing nearly three-fifths of the market. However, the FDD-LTE segment is projected to register the fastest CAGR of 20.5% during the forecast period.

Based on end-user, the market is divided into residential & small office or home office (SOHO), enterprise, urban, and rural. The residential & SOHO segment dominated the market, accounting for more than two-fifths of the market. However, the rural segment is estimated to manifest the fastest CAGR of 21.0% through 2023.

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In terms of product type, TDD-LTE segment holds the largest share of the LTE base station system market, as it reuses the frequency sources, mixers, fiLTErs, and synthesizers, by eliminating the complexity and costs associated with isolating the transmitting antenna and the receiving antenna. However, the FDD-LTE segment is expected to grow at the highest rate during the forecast period, owing to symmetric low latency services such as voice calls that have symmetric traffic, in which data can be transmitted and received at the same time.

The LTE base station system market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2017, contributing more than two-fifths of the market. However, the market across Asia-Pacific is expected to portray the fastest CAGR of 22.4% during the forecast period.

The market report provides an in-depth analysis of the major market players such as Huawei Technologies Co., Ltd., Ericsson AB, ZTE Corporation, Nokia Corporation, Airspan, Cisco Systems Inc., Alpha Networks Inc. AT&T Inc., CommScope Inc., and Motorola Solutions.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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