LTE Devices Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

The global LTE devices market is projected to witness significant growth over the forecast period. This surge in demand can be attributed to the quest for higher data rates and need for spectral efficiency along with saturation in the existing 3G networks.

LTE devices technology is expected to positively impact mobile communication with the creation of differentiated value propositions and along with brand leadership positioning. LTE devices offer varied scope in terms of operability as it can operate in both Frequency Division Duplex (FDD) and Time Division Duplex (TDD) modes allowing flexibility to the operators. LTE devices offer seamless IP connectivity between packet data network and user equipment without any disruptions to the end-user applications. Latest technologies such as potential hybrid network and network sharing are projected to proliferate LTE devices market growth over the next six years. LTE devices offer harmonization of mobile technologies including CDMA and WiMAX with smooth evolution path and high-spectrum flexibility.

The increasing demand from end-users to experience TV and desktop on the mobile devices coupled with high bandwidth applications and real-time conferencing is expected to drive the market growth. Additionally, the surge in demand for enhanced user-experience and high-speed has propelled the carrier network providers to come up with enhanced mobile networks, hence giving rise to LTE technology.

Key features such as higher coverage, cost-effective network architecture along with better pooling of network parts is anticipated to accentuate the market. With the change in behavior of mobile customers from the predominance of voice usage to the predominance of data and mobile broadband networks are projected to grow for supporting exponentially increased traffic.

LTE devices act as opportunities to disrupt from the unlimited price packaging model, which puts a strain on the network, offers quality of service, latency, and priority control along with differentiated service offerings, which is expected to further accelerate the market growth. Growing adoption of cloud computing along with new applications for connected products is expected to further drive the LTE devices market.

The critical criteria for accessing LTE network is that the devices must support compatible modulation, available frequencies, and coding schemes along with backward compatibility with the existing 3G networks, which is expected to pose a challenge for the market. The current available market devices work on 2G or 3G networks, and are not compatible with 4G technology. Further, high initial device costs and lack of awareness are projected to hinder the market over the forecast period.

The LTE device market can be segmented on the basis of services, end-user device and infrastructure. The end-user device segment is further categorized into smartphones, USB modems, notebooks, and card modules. On the basis of applications, the LTE devices can be classified into browsing, gaming, sharing, video telephony, and live TV.

North America is expected to be the prominent region in the market owing to the technological advancements and availability of infrastructure. Asia Pacific is projected to be an emerging market for the LTE devices owing to the increasing demand for LTE devices from countries such as China and India. Europe faces certain government-related issues for spectrum auctions leading to slow growth in the region

Key players in the LTE device market include Alcatel Lucent, AT&T Inc., Altair Semiconductor, Ericsson, LG Electronics, Huawei Technologies Co. Ltd., Mobile Telesystems, Motorola Solutions Inc., Research in Motion, Runcom Technologies Ltd., Samsung Electronics Co. Ltd., Telenor ASA, Verizon Communication Inc., Vodafone, and ZTE Corporation. Ericsson and Verizon Communication are organizations imposing major challenges to the other LTE market players as they have deep penetration in the LTE market segments. These firms have a deep understanding of the complexities and technology involved in the LTE devices, eyeing economies of scale without compromising on the spectral efficiency.