4G LTE Market Scenario:
4G connectivity has been a revolutionary trend in telecom sector which has been developed to replace 3G connectivity. The 4G (fourth generation) mobile network technology facilitates reliable connection which offers high-speed transfer of the data. The 4G LTE, mainly, refers to fourth-generation long-term evolution that provides the fastest connection for a mobile internet experience which is estimated to be ten times faster than the 3G mobile network.
The 4G LTE connectivity are guided by various technology namely LTE-Frequency Duplex Division (LTE-FDD), LTE- Time Duplex Division (LTE-TDD), WiMax, and HSPA+. These technologies are driven by the spectrum band which offers the end-user with better internet connectivity and browsing capability. For instance, Telstra, an Australia-based leading telecommunication company which implements carrier aggregation of the data is delivered through FDD at 700MHz and 1,800MHz spectrum bands.
On the positive side, the accelerated adoption of in-expensive smart devices such as smartphone, laptops, and tablets and increase in demand for better connectivity for enhancing customer experience are expected to be some of the driving factors for the development of 4G LTE Market over the assessment period. On the flip side, constant review of regulation policy concerning spectrum standards and exposure to harmful radiations are expected to be impelling factors for the growth of the market over the review period.
The Global 4G LTE Market value is expected to reach approximately USD 322.77 billion growing with a 38% CAGR over the forecast period 2017-2023.
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Major Key Players:
The key players in the global 4G LTE market include Alcatel-Lucent (France), AT&T (USA), Bharti Airtel Ltd.(India), Huawei Technologies Co. Ltd. (China), LM Ericsson (Sweden), MetroPCS (USA), S.K. Telecom (South Korea), Sprint Nextel (USA), US Cellular (USA), Verizon Wireless (USA), and Vodafone Group PLC (UK).
Latest Industry News
• Finnish telecom gear maker Nokia has forged a partnership with BSNL to implement the next level of industrial automation to enable greater operational efficiency at Nokia’s Chennai plant. The partners will be leveraging 4G LTE technology. 16 OCT 2018
• Harman has launched Spark, a dongle that connects to a vehicle’s OBD II sensor in order to provide both diagnostic data and in-car 4G LTE access. 25 SEP 2018
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The regional segmentation of the global 4G LTE market segments the market into continent-based regional markets namely North America, Europe, Asia Pacific, and rest of the world (RoW). Due to vast technological advancement and advanced spectrum efficiency, North America is considered to be the largest regional market. The United States of America (USA) and Canada are leading country-specific markets in this region. The advanced spectrum efficiency in this region allows the repurposing of broadcast spectrum for broadband. During the forecast period, Asia Pacific has also been anticipated to emerge as the fastest growing regional market. The primary country-specific markets in this region are China, India, Japan, and South Korea. This market growth has been attributed to the rapid increase in demand for high-speed connectivity.
Europe market has been expected to witness rise to a large extent because the right infrastructure and technical expertise in the telecom sector that are necessary for high-speed internet already exist in Europe. The significant country-specific markets in this region are France, Germany, and the United Kingdom (UK). RoW segment primarily covers the Middle East & Africa (MEA) region. In the MEA region, the market is small and limited. Reasons for the limited market growth in this region are lack of awareness, lack of education, lack of technological development, and political instability.
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