openPR Logo
Press release

4G LTE Devices Market to Exceed 13.1% CAGR by 2024

04-19-2017 12:37 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

According to a Persistence Market Research (PMR) report, the global market for 4G (LTE) devices is expected to expand at a strong CAGR of over 13% during 2016 and 2024.

Inclination towards advanced technological networking solutions by consumers and rapid adoption of smart devices encrypted with artificial intelligent programming is expected to propel the demand for 4G (LTE) devices. Moreover, available features such as higher screen resolutions, low rate of network latency, and enhanced battery backup and alluring consumers to shift to 4G (LTE) devices and increase their popularity across the globe. Low priced data packages, affordability and convenience offered by device manufacturers in partnership with network operators are additional factors attracting consumers to switch to 4G (LTE) devices. This is resulting in higher popularity of 4G (LTE) devices worldwide.

By launching innovating devices both at domestic and international levels manufacturers are significantly influencing the global market of 4G (LTE) devices. In addition manufacturers are jointly working with network providing companies to offer better services and make devices at lower pricing.

Encouraging government policies in various parts of the world is expected to positively impact the global market for 4G (LTE) devices. Increasing traffic for online high-quality digital content is compelling consumer to shift to devices capable of handling advanced networking operations featuring high speed network. Besides, growing individual data consumption in expected to influence the overall market growth.

Based on device type, the global market for 4G (LTE) devices is segmented into device type tablets and smartphones. By Pricing, the global market for 4G (LTE) devices is segmented into Premium, Mid-High Low-Mid and Low. The low price range devices is the predominant segment of the market in the Asia Pacific (APAC) region, accounting for over 37% value share in 2015. The growing economic strength of the region is anticipated to reflect new market opportunities for low-end 4G (LTE) tablets and smartphones manufacturers attributed to the presence of advanced network infrastructure.

Based on distribution channel, the global market for 4G (LTE) devices is segmented into single brand store multi-brand Store (Independent or Organized), and online. The single brand store distribution channel is anticipated to witness healthy growth through 2024 as compared to other two segments, which are anticipated to grow at relatively lower rates.

On the basis of region, the global market for 4G (LTE) devices is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa (MEA). The markets in North America and Asia Pacific are anticipated to expand at healthy CAGR during the forecast period. The market in Asia Pacific (APAC) is anticipated to reflect an incremental opportunity of US$ 315 Billion through 2024. In addition, large consumer base in countries such as India, China and Indonesia is expected to supplement the growth of the market in APAC. By the end of 2016, the 4G (LTE) devices market in APAC is expected to account for over 35% market share in terms of value. North America is foreseen to maintain similar position as the second largest 4G (LTE) devices market during the forecast period. This is due to high usage of mobile device in the region. On the other hand, Europe has a small but significant market share compared to other dominant regions, as device manufacturers in Europe are comparatively less prominent

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/10466

Vendor News
Key participants in the global market for 4G (LTE) devices include LG Electronics Inc., Samsung Electronics, Apple Inc., Huawei Technology Company Limited, ASUSTeK Computer Inc., Xiaomi Inc., ZTE Corporation, and Lenovo Group Limited. Most of these companies are actively focusing on improving their offline presence by collaborating with domestic retailers and are strategically switching from 3G to 4G cellular networking technology.

Request to view table of content @ http://www.persistencemarketresearch.com/market-research/4g-lte-devices-market/toc

Summary: Demand for low priced 4G (LTE) devices is relatively high in the Asia Pacific region.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release 4G LTE Devices Market to Exceed 13.1% CAGR by 2024 here

News-ID: 507285 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for LTE

LTE CPE Market the Falling Prices of LTE-Capable Devices
LTE CPE stands for Long Term Evolution Customer Premises Equipment. It is a type of customer premises equipment (CPE) that is used to connect to an LTE network. LTE CPE can be used for both home and business applications. LTE CPE typically includes an LTE modem, WiFi router, and LTE antenna. LTE is the latest and greatest in wireless data technology, and LTE CPE devices are the customer-premise equipment (CPE) that
Perle IRG5521 LTE Routers provide LTE coverage when WiFi is unavailable
When the power goes down, so does the WiFi. Cellular systems, however, keep working. A Case Study about Winning Strategies’ new stand-alone multi-power-source wireless surveillance system. PRINCETON, N.J. (Mar. 30, 2021) Establishing a contingency plan to recover IT services after an emergency, or system disruption, is a critical step in the network design process. IT systems are vulnerable to a variety of interruptions that range from short-term power outages to severe
2018-2025 LTE Communication Market analysis report with Leading players, Applica …
LTE Communication Market The Global LTE Communication Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The LTE Communication Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this research report. To Access PDF
LTE-Advanced (LTE-A) Mobile Technologies Market 2017 Emerging Trends
This report studies the global LTE-Advanced (LTE-A) Mobile Technologies market, analyzes and researches the LTE-Advanced (LTE-A) Mobile Technologies development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Nokia Solutions and Networks Alcatel-Lucent EE Limited Cisco Ericsson AT&T SK Telecom Royal KPN Samsung NTT Docomo LG Huawei ZTE For more information about this report at http://www.reportsweb.com/global-lte-advanced-lte-a-mobile-technologies-market-size-status-and-forecast-2022 Market segment by Regions/Countries, this report covers United States EU Japan China India Southeast Asia Market segment by Type, LTE-Advanced
Global LTE (LTE-FDD, TD-LTE and LTE Advanced) Market Analysis, Size, Share, Grow …
Researchmoz added Most up-to-date research on "LTE (LTE-FDD, TD-LTE and LTE Advanced) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" to its huge collection of research reports. LTE, an initial of Long Term Evolution and marketed as 4G LTE, is a wireless communication standard for high-speed data for data terminals and mobile phones. LTE technology reduces the cost per gigabyte with enhanced capacity per site.
The LTE, LTE-Advanced & 5G Ecosystem Technology Advancement, Emerging Evolution
As a natural upgrade path for carriers from the previously detached GSM, CDMA and TD-SCDMA ecosystems, LTE has emerged as the first truly global mobile communications standard. Commonly marketed as the “4G” standard, LTE promises to provide higher data rates and lower latency at a much lower TCO (Total Cost of Ownership) than 3G technologies. The TCO and performance is further enhanced by deployment of small cells and the LTE-Advanced standard.