LTE advanced is a mobile communication standard and a major enhancement of the long-term evolution (LTE) standard. The proposed next telecommunications standards other than current 4G/IMT-Advanced standards are the fifth-generation mobile networks/wireless systems, that is, 5G. 5G will mainly focus on the overall societal and industrial requirements to meet high-quality and high-speed wireless connectivity globally before 2020.
These advanced technologies will have a very great impact; they will help organizations to move into new markets and build new revenue streams with radically new business models and use cases, including Internet of Things (IoT) applications. 5G denotes the advanced phase of mobile telecommunication standards, ahead of the current International Mobile Telecommunications (IMT) advanced or 4G standards. 5G can offer Internet speed between 10 Gbps (giga-bytes per second) to 100 Gbps. In addition, 5G provides ultra-low latency range between 1 ms and 10 ms, while 4G technology can offer low latency range between 40 ms and 60 ms. With ultra-low latency range, end-users can watch the live stream of sports matches over the Internet. Rising demand for high Internet speed to get the real-time response is one of the major factors driving the development of the latest technologies such as LTE advanced and 5G.
As there has been an increase in demand for more advanced smart phones, tablets, and other mobile devices, the demand for technologies providing high Internet speed has also increased, which is, in turn, expected to drive the growth of LTE advanced and 5G market. Other factors that are responsible for supporting the market growth include enhanced Internet coverage, increased adoption of mobile broadband, and growing machine-to-machine communications in organizations.
The global LTE advanced and 5G market can be segmented into two major categories as technology and end-users. On the basis of technology, the LTE advanced and 5G market is segmented as radio access technologies (RAT), high-speed package access (HSPA), global system for mobile (GSM), worldwide interoperability for microwave access (WiMAX), and Wi-Fi. On the basis of end-users, the market is segmented into government and utilities, retail sector, healthcare sector, offices, defense and military, and individual users.
The LTE advanced and 5G market can also be segmented based on major geographical regions into North America, Europe, Asia-Pacific, the Middle East, Latin America, and Africa. Countries such as South Korea, the United States, Germany, China, United Kingdom and Japan are taking initiatives to implement LTE advanced and 5G technologies.
The key players in the global LTE advanced and 5G market include Alcatel-Lucent, AT&T Inc., Ericsson Inc., SK Telecom Co. Ltd., NTT Docomo Inc., Verizon Communications, Qualcomm Inc., and Nokia Networks. Other major players influencing the global market are Samsung Group, Deutsche Telecom AG, Telefonica S.A., and Huawei Technologies Company Ltd.
LTE Advanced and 5G Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa