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Global 4G LTE Advanced Pro Market Analysis By Components (Infrastructure, Devices), By Deployment Mode (On-Premise, Cloud-Based Solutions), By End-Users (Healthcare, Transportation, Manufacturing, Individual Consumers) & Forecast

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 258
  • CATEGORY
  • Information Communication & Technology
Market Overview:
The 4G LTE Advanced Pro market is expected to grow from USD 3.3 billion in 2022 to USD 15.2 billion by 2033, at a Compound Annual Growth Rate (CAGR) of 27.7% during the forecast period.


Report Scope

Report Attributes

Description

Market Size in 2022 (Value)

USD 3,300 million

Market Forecast in 2033 (Value)

USD 15,200 million

CAGR % 2023-2031

27.7%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2033

Report USP

Country and regional estimates, company market share by countries

Segments Covered

Component, deployment and end user

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Huawei Technologies Co., Ltd., Ericsson AB, Nokia Corporation, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd., ZTE Corporation, Verizon Communications Inc., AT&T Inc., China Mobile Ltd., Deutsche Telekom AG, Telstra Corporation Limited, Bharti Airtel Limited, LG Electronics Inc., Intel Corporation, Cisco Systems, Inc.,



4G LTE Advanced Pro is a standard for wireless communication, which is an evolution of 4G LTE. It provides faster data speeds, improved network capacity, and more efficient use of network resources. The 4G LTE Advanced Pro market is driven by several factors, including the increasing demand for higher data speeds and improved network performance, the growing adoption of Internet of Things (IoT) devices, and the rising need for reliable and secure communication networks. 4G LTE Advanced Pro is an advanced version of the Long-Term Evolution (LTE) network, which offers faster data speeds, lower latency, and improved network capacity. It is also referred to as 4.5G or 4G+ and is designed to provide users with higher speeds and better coverage compared to previous generations of cellular networks. One of the main benefits of 4G LTE Advanced Pro is its ability to support the growing demand for data-intensive applications and services, such as video streaming, cloud computing, and mobile gaming. This is particularly important as the number of connected devices continues to grow, and users expect seamless connectivity and high-quality user experiences. 4G LTE Advanced Pro Market for 4G LTE Advanced Pro is expected to continue its growth trajectory due to several factors. Firstly, the proliferation of smart devices and the increasing demand for data-intensive applications and services are driving the adoption of this technology. Secondly, the deployment of 5G networks is expected to take time and be expensive, making 4G LTE Advanced Pro an attractive interim solution for network operators.

Moreover, 4G LTE Advanced Pro Market for 4G LTE Advanced Pro is also being driven by the growing demand for Internet of Things (IoT) devices, which require low-latency, high-speed connectivity. Additionally, the rise of smart cities and the increasing deployment of connected devices in industries such as healthcare, transportation, and manufacturing are expected to create new opportunities for growth in 4G LTE Advanced Pro Market. Key factors contributing to this growth include the increasing adoption of IoT devices, the demand for high-speed connectivity, and the need for network operators to upgrade their infrastructure to support these trends.

Driver: Growing demand for high-speed internet connectivity and the proliferation of connected devices.
One of the key driving factors for the 4G LTE Advanced Pro market is the increasing demand for high-speed internet connectivity and the proliferation of connected devices such as smartphones, tablets, and other IoT devices. With the increasing use of data-hungry applications such as video streaming, online gaming, and social media, there is a growing need for faster and more reliable internet connectivity. 4G LTE Advanced Pro provides faster download and upload speeds, lower latency, and better coverage, which makes it an ideal solution for meeting the demand for high-speed internet connectivity. Furthermore, the increasing adoption of IoT devices such as smart home devices, wearables, and connected cars is driving the demand for 4G LTE Advanced Pro networks. These devices require low latency and high bandwidth connectivity, and 4G LTE Advanced Pro provides the necessary infrastructure to support these requirements. The deployment of 5G networks is also expected to drive the growth of the 4G LTE Advanced Pro market, as 4G LTE Advanced Pro is seen as a stepping stone to 5G technology.

Regional Insights:
The 4G LTE Advanced Pro market is expected to witness significant growth in the Asia Pacific region. The growth can be attributed to the rising demand for high-speed mobile data services, increasing internet penetration, and increasing adoption of smartphones and other mobile devices in the region. China is one of the largest markets for 4G LTE Advanced Pro in the Asia Pacific region. The country is witnessing a significant increase in the number of mobile internet users, which is driving the demand for high-speed data services. In addition, the Chinese government is investing heavily in the development of 4G and 5G infrastructure, which is expected to boost the growth of the 4G LTE Advanced Pro market in the country. South Korea is another significant market for 4G LTE Advanced Pro in the Asia Pacific region. The country has one of the highest mobile data usage rates globally, and the demand for high-speed mobile data services is expected to increase further in the coming years. In addition, the South Korean government is also investing heavily in the development of 5G infrastructure, which is expected to drive the growth of the 4G LTE Advanced Pro market in the country.

Other countries in the Asia Pacific region, such as Japan, India, and Indonesia, are also witnessing significant growth in the 4G LTE Advanced Pro market due to increasing internet penetration and adoption of mobile devices. The Middle East and Africa, North America, and Europe are also expected to witness significant growth in the 4G LTE Advanced Pro market in the coming years.

Recent Development: Global 4G LTE Advanced Pro Market
• Huawei launched its 4G LTE Advanced Pro solution in October 2020. The solution is designed to help operators build high-speed, high-capacity 4G networks and support the smooth transition to 5G.
• Nokia signed a deal with China Mobile in November 2020 to deploy its 4G and 5G radio access network (RAN) equipment in China. The deal covers more than 10 provinces in China and is expected to help accelerate the deployment of 5G networks in the country.
• ZTE announced in December 2020 that it had launched a new 5G-capable smartphone, the Axon 20 5G. The smartphone is powered by the Qualcomm Snapdragon 765G 5G mobile platform and supports 4G LTE and 5G networks.

Impact of the COVID-19 on the global 4G LTE Advanced Pro Market:
The 4G LTE Advanced Pro market was impacted by the COVID-19 pandemic in early 2020 as supply chains were disrupted and businesses faced financial uncertainty. However, 4G LTE Advanced Pro Market has shown signs of recovery due to various factors, such as increased demand for high-speed connectivity, rising adoption of IoT devices, and the growing trend of remote working. One way in which the 4G LTE Advanced Pro market has recovered from COVID-19 is through increased investment and deployment of 5G networks. As 5G becomes more widely available, there is still a need for 4G LTE Advanced Pro networks to provide coverage in areas where 5G is not yet available or to supplement 5G networks in high-traffic areas.

Another factor contributing to 4G LTE Advanced Pro Market's recovery is the increasing demand for high-speed connectivity as remote working and online education became more prevalent due to COVID-19. Many businesses and individuals required reliable and fast internet connectivity to work from home or attend online classes, which has boosted the demand for 4G LTE Advanced Pro networks.

Furthermore, the rising adoption of IoT devices has also contributed to 4G LTE Advanced Pro Market's recovery as these devices require a stable and reliable network to function properly. The use of IoT devices has been increasing in various sectors, including healthcare, transportation, and manufacturing, which has boosted the demand for 4G LTE Advanced Pro networks.

Overall, the 4G LTE Advanced Pro market has shown resilience and has recovered from the impact of COVID-19 through the increasing deployment of 5G networks, the rising demand for high-speed connectivity, and the growing adoption of IoT devices.

Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of 4G LTE Advanced Pro Market they are operating in or considering entering, and make more informed decisions based on data and analysis.

Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in 4G LTE Advanced Pro Market.

Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

Segmentation:
By Components
• Infrastructure
• Devices

By Deployment Mode
• On-Premise
• Cloud-Based Solutions

By End-Users
• Healthcare
• Transportation
• Manufacturing
• Individual Consumers

Company Profiles:
• Huawei Technologies Co., Ltd.
• Ericsson AB
• Nokia Corporation
• Qualcomm Technologies, Inc.
• Samsung Electronics Co., Ltd.
• ZTE Corporation
• Verizon Communications Inc.
• AT&T Inc.
• China Mobile Ltd.
• Deutsche Telekom AG
• Telstra Corporation Limited
• Bharti Airtel Limited
• LG Electronics Inc.
• Intel Corporation
• Cisco Systems, Inc.

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
o ASEAN
o Rest of APAC
• South America
o Brazil
o Argentina
o Chile
o Rest of South America
• Middle East and Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of MEA


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Market Research Process




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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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