Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

In telecommunications, long-term evolution is a standard for wireless broadband communication for mobile devices and data terminals. LTE connection is used for high-speed data on mobile phones and data terminals. Demand for mobile data and broadband services is growing at a fast pace, fuelled by an increase in smartphones and consumer applications. Various technologies under LTE include LTE–FDD, TD-LTE, and LTE Advanced. Components of LTE comprise LTE infrastructure, chipsets, terminal equipment (module, phone, router, tablet and USB modem), network services, and LTE testing equipment.

The global LTE Market was accounted for US$ 610.7 Mn in terms of value in 2019 and is expected to grow at CAGR of 78.6% for the period 2020-2027.

Market Dynamics- Drivers

  1. Increasing need for higher data rates and greater spectral efficiency is expected to drive growth of the global LTE market during the forecast period

There is a massive demand for high-speed wireless networks, owing to a significant rise in global bandwidth consumption. The need for online communications has gained momentum across all demographics and human activity areas with blogs, texting, podcasts, instant messaging, personal networking sites, etc. LTE is an IP data network that offers enhancements to existing mobile technologies and enables operators the capacity and speed to handle a rapid increase in data traffic. LTE provides higher data rates as compared to competing technologies by using radio waves in the same bandwidth. LTE can be used for wireless internet access, access to rich content, and multimedia applications such as videos, movies, e-learning, downloads of large files, and HD-multimedia content at higher uplink and downlink speeds. Therefore, these factors are expected to drive growth of the global LTE market during the forecast period.

  1. Massive adoption of LTE by operators in the Asia Pacific is expected to propel the global LTE market growth over the forecast period

Many operators in Asia Pacific are making massive investments in network infrastructure. Emergence of low-cost headsets manufactured in China has led to increase in mobile data consumption in the region. This, in turn, has increased the demand for LTE networks in Asia Pacific. For instance, in 2010, CSL Ltd. introduced LTE in Hong Kong and Japan. The company now plans to cover 70% of the Japanese population by 2015. With China Mobile’s planned large-scale launch in China and SoftBank in Japan, Bharti Airtel and Reliance Communications in India launching their networks, Asia Pacific is a driver for huge infrastructure spending by network operators. Hence, these factors are expected to propel the global LTE market growth in the near future.

Statistics:

Asia Pacific held dominant position in the global LTE market in 2019, accounting for 40.0% share in terms of value, followed by North America and Europe respectively

Figure 1: Global LTE Market Share (%) in terms of Value, By Region, 2019

LTE  | Coherent Market Insights

LTE Market - Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic is expected to drive the LTE market across the globe in year 2020-2021 owing to the increase in the demand of LTE connections. There are several countries such as India and Spain who have imposed lockdown due to the COVID-19 pandemic. Owing to this, companies are conducting meetings on online platforms and also increased spending on IT infrastructure due to government rules and regulations. For instance, In July 2020, Department of Communications of India ordered IT companies to extend work from home policy for their employees till 31st December 2020. The employees require high speed internet connectivity to attend online meetings and to work on the online platforms. Owing to mentioned factors, the COVID-19 pandemic is expected to drive the LTE market during the year 2020-2021.

Market Dynamics- Restraints

  1. Issues regarding compatibility are expected to restrain growth of the global LTE market during the forecast period

The wireless industry is focused on ensuring compatibility between various standards and devices. However, the complete interoperability is yet to be achieved. Users need to take LTE-enabled phones from one carrier to another and get the same experience. The arrival of 4G LTE was supposed to unite the industry, joining factions that spent years in their respective technology camps such as CDMA and GSM networks. Moreover, spectrum fragmentation has occurred due to carriers having built their networks using incompatible spectrum frequencies. Therefore, these factors are expected to restrain growth of the global LTE market during the forecast period.

  1. Undeveloped roaming on LTE networks is expected to hinder the global LTE market growth over the forecast period

As the development of smart devices continues, the demand for any time and anywhere access to content, services, and applications is increasing. Mobile technology has been evolving to keep up with expectations, in order to sustain this increasing demand for data. Although roaming is relatively common in 2G and 3G services, 4G LTE is still in the early stage of development since operators are focused on building their LTE networks before getting on roaming transactions. Therefore, these factors are expected to hinder the global LTE market growth in the near future.

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LTE Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 610.7 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 78.6% 2027 Value Projection: USD 63,225.1 Mn
Geographies covered:
  • North America: U.S., Canada
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Rest of the world: South Africa, North Africa, Central Africa, Brazil, Argentina and Mexico
Segments covered:
  • By Technology -(LTE –FDD, TD-LTE or LTE-TDD and LTE Advanced)
  • By Components -(Infrastructure, Chipsets, Terminal Equipments, LTE Testing Equipments and Network service providers)
  • By Services and Applications -(Mobile Cloud Services, M2M and Connected Devices, P2P messaging, Browsing, Public Safety LTE, Games, TV/Video-on-Demand, Music, M-commerce and VoLTE)
Companies covered:

AT&T Inc., Huawei Technologies Co. Ltd., Verizon Wireless, Nokia Solutions and Networks B.V., Sprint Corporation, Alcatel-Lucent, T-Mobile US Inc., LM Ericsson, China Mobile Ltd., and Bharti Airtel Ltd.

Growth Drivers:
  • Increasing need for higher data rates and greater spectral efficiency
  • Massive adoption of LTE by operators in the Asia Pacific
Restraints & Challenges:
  • Issues regarding compatibility

Market Opportunity

  1. Convergence of IT and telecom-media, LTE, and cloud can present lucrative growth opportunities in the global LTE market

Emergence of smartphones has led to evolution of networks from being voice-centric to data-centric delivering pervasive connectivity. Central to this convergence trend are cloud and LTE technologies, which have been maturing in tandem. Mobile operators seek to direct the conversion and obtain the benefit of innovation in telecom and IT domains in order to improve their services. More specifically, placing storage and computing resources and its convergence with mobile solutions to enable advanced end-user services is a trend to watch out for in the future.

  1. Emergence of connected devices and Internet of Things (IoT) can provide major business opportunities in the global LTE market

The global sophisticated connected device market is expanding rapidly, which in turn, is expected to boost growth of LTE deployments. For instance, connected device users can be automatically taken to a web portal or landing page that can be personalized according to user requirements. Furthermore, the Internet of Things (IoT) or the machine-to-machine (M2M) sector covers a wide range of telematics and telemetry applications and services such as tracking vehicles, finding lost items, pets, and wandering Alzheimer’s patients, smart grids, pay-as-you-drive systems, and subprime loans market.

Figure 2: Global LTE Market Value (US$ Mn), 2017 - 2027

LTE  | Coherent Market Insights

The global LTE market was valued at US$ 610.7 Mn in 2019 and is forecast to reach a value of US$ 63,225.1 Mn by 2027 at a CAGR of 78.6% between 2020 and 2027.

Market Trends

  1. Research and development activities among market players

Major companies are focused research and development activities, in order to enhance the market presence. For instance, in May 2013, AT&T Inc. launched AT&T Beam, a 4G LTE USB modem with a built-in LCD screen manufactured by Sierra Wireless. Furthermore, in December 2012, China Mobile Hong Kong launched a converged network of TD-LTE and LTE-FDD in Hong Kong.

  1. Agreements, partnerships, and collaborations among market players

Major companies are focused on collaborations and partnerships, in order to gain a competitive edge in the market. For instance, in September 2013, T-Mobile US Inc. partnered with NTT DoCoMo USA to strengthen the latter’s network service for the Japanese expatriates in the U.S. In October 2013, Sprint Corporation entered into an agreement with Rogers Communications Inc. to provide a comprehensive in-car telematics and infotainment solution, Sprint Velocity, in Canada. Manufacturers using Sprint Velocity would be able to leverage Rogers Communications Inc.’s wireless networks for connected vehicles.

Value Chain Analysis

Value chain in the LTE industry comprises suppliers, OEMs, network equipment vendors, network infrastructure integrators, service providers (carriers), chipset vendors, user equipment manufacturers, software/application providers and end-users (customers). Suppliers provide semiconductor parts, components, mechanical parts, and machinery needed by OEMs and chipset vendors. OEMs and network equipment vendors are often integrated in the industry. Network equipment manufacturers provide network equipment and software to mobile operators and application/service providers. Telecom companies and service providers need to maintain secure, high quality network infrastructure and interoperable communication and services.

Competitive Section

Major companies operating in the global LTE market are AT&T Inc., Huawei Technologies Co. Ltd., Verizon Wireless, Nokia Solutions and Networks B.V., Sprint Corporation, Alcatel-Lucent, T-Mobile US Inc., LM Ericsson, China Mobile Ltd., and Bharti Airtel Ltd.

Key Developments

  1. Major companies are focused on product launches, in order to enhance the product portfolio. For instance, in May 2017, AT&T Inc. introduced LTE-M network to enable a new generation of Internet of Things (IoT) devices and applications.
  2. Major market players are involved in product development, in order to gain a competitive edge in the market. For instance, in February 2020, Huawei Technologies Co. Ltd. launched new 5G products and solutions.

In telecommunications, long-term evolution is a standard for wireless broadband communication for mobile devices and data terminals. LTE connection is used for high-speed data on mobile phones and data terminals. Demand for mobile data and broadband services is growing at a fast pace, fuelled by an increase in smartphones and consumer applications. Various technologies under LTE include LTE–FDD, TD-LTE, and LTE Advanced. Components of LTE comprise LTE infrastructure, chipsets, terminal equipment (module, phone, router, tablet and USB modem), network services, and LTE testing equipment.

Market Dynamics

There is a massive demand for high-speed wireless networks, owing to a significant rise in global bandwidth consumption. The need for online communications has gained momentum across all demographics and human activity areas with blogs, texting, podcasts, instant messaging, personal networking sites, etc. LTE is an IP data network that offers enhancements to existing mobile technologies and enables operators the capacity and speed to handle a rapid increase in data traffic. LTE provides higher data rates as compared to competing technologies by using radio waves in the same bandwidth. LTE can be used for wireless internet access, access to rich content, and multimedia applications such as videos, movies, e-learning, downloads of large files, and HD-multimedia content at higher uplink and downlink speeds. Therefore, these factors are expected to drive growth of the global LTE market during the forecast period. Many operators in Asia Pacific are making massive investments in network infrastructure. Emergence of low-cost headsets manufactured in China has led to increase in mobile data consumption in the region. This, in turn, has increased the demand for LTE networks in Asia Pacific. For instance, in 2010, CSL Ltd. introduced LTE in Hong Kong and Japan. The company now plans to cover 70% of the Japanese population by 2015. With China Mobile’s planned large-scale launch in China and SoftBank in Japan, Bharti Airtel and Reliance Communications in India launching their networks, Asia Pacific is a driver for huge infrastructure spending by network operators. Hence, these factors are expected to propel the global LTE market growth in the near future.

Market Taxonomy

This report segments the Global LTE Market on the basis of Technology, Component, Services and Applications and Region. On the basis of Technology, Global LTE Market is segmented into LTE –FDD, TD-LTE or LTE-TDD and LTE Advanced. On the basis of Component, the Global LTE Market is segmented into Infrastructure, Chipsets, Terminal Equipment, LTE Testing Equipment and Network service providers. On the basis of Services and Applications, the Global LTE Market is segmented into Mobile Cloud Services, M2M and Connected Devices, P2P messaging, Browsing, Public Safety LTE, Games, TV/Video-on-Demand, Music, M-commerce and VoLTE. On the basis of region, Global LTE Market is segmented into North America, Europe, Asia pacific and Rest of the World.

Key features of the study:

  • This report provides an in-depth analysis of the Global LTE Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global LTE Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global LTE Market includes AT&T Inc., Huawei Technologies Co. Ltd., Verizon Wireless, Nokia Solutions and Networks B.V., Sprint Corporation, Alcatel-Lucent, T-Mobile US Inc., LM Ericsson, China Mobile Ltd., and Bharti Airtel Ltd.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global LTE market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global LTE Market

Detailed Taxonomy:

  • Global LTE Market, By Technology:
    • LTE -FDD
    • TD-LTE or LTE-TDD
    • LTE Advanced
  • Global LTE Market, By Components:
    • Infrastructure
    • Chipsets
    • Terminal Equipment
    • LTE Testing Equipment
    • Network service providers
  • Global LTE Market, By Services and Applications:
    • Mobile Cloud Services
    • M2M and Connected Devices
    • P2P messaging
    • Browsing
    • Public Safety LTE
    • Games
    • TV/Video-on-Demand
    • Music
    • M-commerce
    • VoLTE
  • Global LTE Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World
  • Company Profiles
    • AT&T Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Huawei Technologies Co. Ltd.
    • Verizon Wireless
    • Nokia Solutions and Networks B.V.
    • Sprint Corporation
    • Alcatel-Lucent
    • T-Mobile US Inc.
    • LM Ericsson
    • China Mobile Ltd.
    • Bharti Airtel Ltd.

Browse all the market data tables and figures on “Global LTE Market - Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Component
      • Market Snippet, BY Services and Applications
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Component Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Analyst View on Impact of COVID-19 on Market
    • Short Term
    • Long term
  5. Global LTE Market, BY Technology, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment trends
    • LTE –FDD
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • TD-LTE or LTE-TDD
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • LTE Advanced
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global LTE Market, By Component, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment trends
    • Infrastructure
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Chipsets
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Terminal Equipment
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • LTE Testing Equipment
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Network service providers
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  7. Global LTE Market, By Services and Applications, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment trends
    • Mobile Cloud Services
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • M2M and Connected Devices
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • P2P messaging
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Browsing
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Public Safety LTE
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Games
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • TV/Video-on-Demand
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Music
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • M-commerce
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • VoLTE
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  8. Global LTE Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Technology, 2020–2027(US$ Million)
      • Market Size and Forecast, By Component, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Services and Applications, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Technology, 2020–2027(US$ Million)
      • Market Size and Forecast, By Component, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Services and Applications, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Technology, 2020–2027(US$ Million)
      • Market Size and Forecast, By Component, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Services and Applications, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Rest of the World
      • Regional Trends
      • Market Size and Forecast, By Technology, 2020–2027(US$ Million)
      • Market Size and Forecast, By Component, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Services and Applications, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • GCC Countries
        • South Africa
  9. Competitive Landscape
    • Company Profiles
      • AT&T Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Huawei Technologies Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Verizon Wireless
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Nokia Solutions and Networks B.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sprint Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Alcatel-Lucent
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • T-Mobile US Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • LM Ericsson
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • China Mobile Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bharti Airtel Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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Frequently Asked Questions

The global market for LTE is expected to reach USD 3,479.2 Million by 2022.
The market is expected to grow at 78.6% CAGR over the period (2020-2027).
Increasing need for higher data rates and greater spectral efficiency is expected to drive growth of the global LTE market during the forecast period.
LTE -FDD sub-segment holds the largest market share among Technology Segment contributing 42.2% market share in terms of value in 2019.
Asia Pacific region hold the largest share in the global LTE market in 2019, accounting for 40.0% share in terms of value.
Key players operating in the global LTE market are AT&T Inc., Huawei Technologies Co. Ltd., Verizon Wireless, Nokia Solutions and Networks B.V., Sprint Corporation, Alcatel-Lucent, T-Mobile US Inc., LM Ericsson, China Mobile Ltd., and Bharti Airtel Ltd.
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