Published on : Mar 06, 2018
Albany, New York, March 6, 2018: It has been well-recognized that LTE offers a superior user experience for next-generation mobile broadband. As the requirement for improved data speed and bandwidth has been increasing, the demand for LTE networks is also growing. A new study, focusing on the LTE equipment has been broadcasted to the wide database of Market Research Hub (MRH), which clearly states that the demand for LTE equipment is increasing significantly in various application segments. Moreover, telecom operators and government organizations are spending in 4G networks, which is accountable for the growth of LTE equipment market.
This 186-page research study is titled as “LTE Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025” which provides a complete perspective on market development in terms of revenue estimations (in US$ Bn) across various geographies, comprising North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America. According to the study findings, the global LTE equipment market forecasted to expand at an unprecedented CAGR of 21.4% during the forecast period from 2017 to 2025. Also, the global LTE equipment market is expected to reach a value of US$104.49 bn by 2025.
Key Highlights from the Study
LTE equipment can be defined as the various components required for the effective operation of LTE network and its protocols. At first, the study starts with the executive summary that offers a clear insight into the actual motive of the study. Moreover, the report covers all the prevalent trends playing a major role in the growth of the LTE equipment market over the forecast period. It also highlights various drivers, restraints and opportunities expected to influence the market’s growth during the forecast period.
In terms of geography, it has been identified that Asia Pacific market for LTE equipment held the dominant chunk in the overall revenue of the global market in 2016, trailed by the North America market. This growth has been attributed due to the increasing investments by telecom operators such as Bharti Airtel, Vodafone and Ericson AB. The market is also expected to massively benefit from the immense pace of expansion of high-speed internet networks, increased adoption of several IoT solutions and automation for industrial and commercial purposes.
Moving further, the segmental analysis of the report also highlights market scenario on the basis of the component, technology, application. On the basis of application, the market has been classified into commercial and government segment. Out of the two, the commercial segment holds large share in the market. Based on technology, the market is segmented into TD-LTE, LTE-FDD and hybrid. On the other hand, major components include LTE infrastructure and LTE testing Equipment.
The competitive analysis forms the final section of this intelligent report. The key players in the global LTE equipment market cover Telrad Networks, Ericsson AB, Sprint Corporation, Nokia Corporation, Fujitsu Limited, Huawei Technologies, Motorola, NEC Corporation, AT&T Inc., and ZTE Corporation.
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