Long Term Evolution Market Insights, Trends, Opportunity & Forecast (Includes Business Impact of COVID-19)

Brief Overview

Long Term Evolution (LTE) is a standard for 4G wireless broadband technology that offers wireless device users greater network capacity and speeds. It is a technology that offers up to 100 Mbps downstream and 30 Mbps upstream peak data transfer rates, reduced latency, scalable bandwidth capacity, and backward compatibility with existing GSM (Global Mobile System) and UMTS (Universal Mobile Telecommunications System) technology. It's an extension of 3G high-speed mobile communications technology. Long Term Evolution is known as the next-generation network beyond 3G, with the ability to support a high connectivity demand from new consumer devices tailored to new mobile applications.

Market Insight

In the telecom sector, 4G connectivity was a revolutionary trend that was developed to replace 3G connectivity. Mobile network technology long term Connectivity (LTE) facilitates reliable service which offers high-speed data transfer. The 4G LTE mainly refers to the long-term evolution of the fourth generation, which provides the fastest connection for a mobile internet experience that is estimated to be ten times faster than the mobile 3G network. The 4G LTE connectivity is guided by various technologies such as LTE-Frequency Duplex Division (LTE-FDD), LTE- Time Duplex Division (LTE-TDD), WiMax and HSPA+.  These technologies are driven by the spectrum band that offers better Internet connectivity and browsing capability for end-users.

On the positive side, it is expected that the increase in the adoption of smart devices such as smartphones, laptops and tablets has increased demand for better connectivity to enhance customer experience. The LTE market is anticipated to increase with those factors over the forecast period.

Rapid urbanisation, increasing industrial growth and communication technology advancement are leading the way for advanced wireless networks and solutions. Growing developments in automation and smart factories are increasing demand for fast and high-speed internet connectivity in a range of industries such as automobile, manufacturing and etc. This makes service providers to invest in innovative wireless technology to boost network coverage across the globe. The key players are increasingly investing in LTE technology to provide the users with high-speed data services. Numerous factors influence the global LTE market, including the need for high data transmission rates, increased public safety LTE adoption, limited spectrum, wireless infrastructure growth.

Segmentation Analysis

The global LTE market is segmented on the basis of technology, application, devices and components. Based on the technology, the market is segmented into LTE FDD, LTE TDD and LTE Advance. Based on the application, the market is segmented into public safety LTE, VoLTE, surveillance, browsing, video on demand, defense and security and others. Based on the type of devices, the market is segmented into smartphones, tablet, laptops and others. Based on the component, the market is segmented into base stations, routers, modem, handheld devices and others.

By Technology

• LTE FDD
• LTE TDD
• LTE Advance

By Application

• M2M and Connected Device
• Public Safety LTE
• VoLTE
• Surveillance, Browsing and Large Enterprise
• Video on Demand
• Defense and Security

By Device

• Smartphones
• Tablets
• Laptops
• Others

By Components

• Base Stations
• Routers
• Modem and handheld device
• Radio Access Network

Geographical Analysis

In terms of the LTE infrastructure system, North America is the fastest-growing market; while Europe, the Middle East, and Africa face some government-related issues surrounding spectrum auctions. The fastest-growing regions include Asia-Pacific, Japan, and Latin America are changing consumer behavior in terms of the usage of LTE and are expected to grow at a significant compound annual growth rate (CAGR) from 2020 to 2025.

Competitive Analysis

The report also covers detailed competitive analysis of major market players of global long term evolution such as AT&T Inc., Alcatel-Lucent, Verizon Communication Inc., Verizon Communication Inc., LM Ericsson, Vodafone Group PLC, Nokia Solutions & Networks B.V., Huawei Technologies Co. Ltd., Cisco and other major & niche players. The global market for long term evolution is witnessing a wide range of industry activities such as product launch, innovation, acquisition, partnership, research & development and expansion across the globe.

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities). The study also provides company’s positioning and market share of the overall market.

Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period

Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:
Industry report analyses the global LTE market by the following segments:
- Technology
-Application
- Device
- Components

Customization: We also offer customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Global LTE Industry Report

• What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
• Which region would have high demand for product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are various long-term and short-term strategies adopted by the market players?