According to the report published by Zion Market Research, global demand for LTE Advanced and 5G Market was valued at approximately USD 12.9 Billion in 2019, and is expected to generate revenue of around USD 111.1 Billion by end of 2026, growing at a CAGR of around 36% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for LTE Advanced and 5G Market was valued at approximately USD 12.9 Billion in 2019, and is expected to generate revenue of around USD 111.1 Billion by end of 2026, growing at a CAGR of around 36% between 2020 and 2026.
Global LTE Advanced and 5G Market: Overview
LTE advanced is a smartphone connectivity standard and a significant improvement to 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.
Global LTE Advanced and 5G Market: Growth Factors
Increasing demand for high Internet speed to get the real-time response is one of the main factors driving the growth of the new technology such as LTE advanced and 5G. As demand for more advanced smartphones, tablets and other mobile devices has increased, the demand for high-speed Internet technologies has also increased, which, in turn, is expected to drive the growth of the advanced LTE and 5 G markets. Other factors responsible for promoting market growth include enhanced Internet coverage, increased mobile broadband adoption, and increased machine-to-machine communications in organisations. Partnerships among LTE advanced and 5 G network equipment companies are significantly driving growth of the LTE advanced and 5 G market thereby, helping them in accelerating revenue growth.
Global LTE Advanced and 5G Market: Segmentation
The global LTE advanced and 5G market is segmented based on product, application. On the basis of product, the LTE advanced and 5G market is segmented into RAT (Radio Access Technologies), HSPA (High Speed Package Access), GSM (Global System For Mobile), WiMAX (Worldwide Interoperability For Microwave Access), and Wi-Fi. On the basis of application the target market is segregated into government and utilities, healthcare sector, commercial, residential, industrial, defense and military, and other.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global LTE Advanced and 5G Market: Regional Analysis
The North America LTE advanced and 5G market is projected to hold the significant share globally in the future, owing to demand for more advanced smartphones, tablets and other mobile devices has increased, the demand for high-speed Internet technologies has also increased, which, in turn, is expected to drive the growth of the advanced LTE and 5G markets. Other reasons that are responsible for promoting the industry growth include improved Internet penetration, expanded acceptance of mobile broadband, and increasing machine-to - machine communications in organisations in the North America region. The Europe LTE advanced and 5G market is anticipated to grow at a rapid rate in the years ahead.
Global LTE Advanced and 5G Market: Competitive Players
Some main participants of the LTE advanced and 5G market are Alcatel-Lucent, Nokia Networks, SK Telecom, ATandT, Qualcomm, Ericsson, Deutsche Telecom, Verizon Communications, NTT Docomo, Samsung Group, Telefonica S.A, Huawei Technologies, and among others. Major players in the global market are focusing on strengthening position in the target industry by applying various business strategies.
LTE Advanced and 5G Market: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global LTE Advanced and 5G Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global LTE Advanced and 5G Market
FIG. 6 Global LTE Advanced and 5G Market Attractiveness, By Product
FIG. 7 Global LTE Advanced and 5G Market Attractiveness, By Application
FIG. 8 Global LTE Advanced and 5G Market Attractiveness, By End-User
FIG. 9 Company Share Analysis, 2019
FIG. 10 Global LTE Advanced and 5G Market Revenue Share, by Product, 2019 & 2026
FIG. 11 Global LTE Advanced and 5G Market for RAT (Radio Access Technologies), Revenue (USD Billion) 2016 - 2026
FIG. 12 Global LTE Advanced and 5G Market for HSPA (High Speed Package Access), Revenue (USD Billion) 2016 - 2026
FIG. 13 Global LTE Advanced and 5G Market for GSM (Global System For Mobile), Revenue (USD Billion) 2016 - 2026
FIG. 14 Global LTE Advanced and 5G Market for WiMAX (Worldwide Interoperability For Microwave Access), Revenue (USD Billion) 2016 - 2026
FIG. 15 Global LTE Advanced and 5G Market for Wi-Fi, Revenue (USD Billion) 2016 - 2026
FIG. 16 Global LTE Advanced and 5G Market Revenue Share, by Application, 2019 & 2026
FIG. 17 Global LTE Advanced and 5G Market for Government and Utilities, Revenue (USD Billion) 2016 - 2026
FIG. 18 Global LTE Advanced and 5G Market for Healthcare Sector, Revenue (USD Billion) 2016 - 2026
FIG. 19 Global LTE Advanced and 5G Market for Commercial, Revenue (USD Billion) 2016 - 2026
FIG. 20 Global LTE Advanced and 5G Market for Residential, Revenue (USD Billion) 2016 - 2026
FIG. 21 Global LTE Advanced and 5G Market for Industrial, Revenue (USD Billion) 2016 - 2026
FIG. 22 Global LTE Advanced and 5G Market for Defense and Military, Revenue (USD Billion) 2016 - 2026
FIG. 23 Global LTE Advanced and 5G Market for Other, Revenue (USD Billion) 2016 - 2026
FIG. 24 Global LTE Advanced and 5G Market Revenue Share, by Region, 2019 & 2026
FIG. 25 North America LTE Advanced and 5G Market Revenue, 2016 - 2026 (USD Billion)
FIG. 26 Europe LTE Advanced and 5G Market Revenue, 2016 - 2026 (USD Billion)
FIG. 27 Asia Pacific LTE Advanced and 5G Market Revenue, 2016 - 2026 (USD Billion)
FIG. 28 Latin America LTE Advanced and 5G Market Revenue, 2016 - 2026 (USD Billion)
FIG. 29 The Middle-East and Africa LTE Advanced and 5G Market Revenue, 2016 - 2026 (USD Billion)
FIG. 30 Alcatel-Lucent Business Segment Revenue Share, 2018 (%)
FIG. 31 Alcatel-Lucent Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1 Global LTE Advanced and 5G Market: Snapshot
TABLE 2 Drivers of the LTE Advanced and 5G Market: Impact Analysis
TABLE 3 Restraints for the LTE Advanced and 5G Market: Impact Analysis
TABLE 4 Global LTE Advanced and 5G Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America LTE Advanced and 5G Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America LTE Advanced and 5G Market Revenue, by Product, 2016 – 2026 (USD Billion)
TABLE 7 North America LTE Advanced and 5G Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 8 Europe LTE Advanced and 5G Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 9 Europe LTE Advanced and 5G Market Revenue, by Product, 2016 – 2026 (USD Billion)
TABLE 10 Europe LTE Advanced and 5G Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 11 Asia Pacific LTE Advanced and 5G Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 12 Asia Pacific LTE Advanced and 5G Market Revenue, by Product, 2016 – 2026 (USD Billion)
TABLE 13 Asia Pacific LTE Advanced and 5G Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 14 Latin America LTE Advanced and 5G Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 15 Latin America LTE Advanced and 5G Market Revenue, by Product, 2016 – 2026 (USD Billion)
TABLE 16 Latin America LTE Advanced and 5G Market Revenue, by Application, 2016 – 2026 (USD Billion)
TABLE 17 The Middle-East and Africa LTE Advanced and 5G Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 18 The Middle-East and Africa LTE Advanced and 5G Market Revenue, by Product, 2016 – 2026 (USD Billion)
TABLE 19 The Middle-East and Africa LTE Advanced and 5G Market Revenue, by Application, 2016 – 2026 (USD Billion)
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As demand for more advanced smartphones, tablets and other mobile devices has increased, the demand for high-speed Internet technologies has also increased, which, in turn, is expected to drive the growth of the advanced LTE and 5G markets.
According to Zion Market Research, global demand for LTE Advanced and 5G Market is expected to generate revenue of around USD 111.1 Billion by end of 2026, growing at a CAGR of around 36% between 2020 and 2026.
The North America and Europe LTE advanced and 5G market is projected to hold the significant share globally in the future. The growth is attributed to continuous developments in the network infrastructure of these countries along with the growing need for faster data transfer and high-performance network equipment in the region are expected to propel the demand.
Some main participants of the LTE advanced and 5G market are Alcatel-Lucent, Nokia Networks, SK Telecom, ATandT, Qualcomm, Ericsson, Deutsche Telecom, Verizon Communications, NTT Docomo, Samsung Group, Telefonica S.A, Huawei Technologies, among others.
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