LTE Advanced and 5G Market

Global Market Study on LTE Advanced and 5G Market Outlook (2023-2033)

The market for LTE advanced and 5G was valued at US$ 24,543.1 Mn in 2022, and by the end of 2033, it is expected to reach US$ 788,487.5 Mn. The market for LTE Advanced and 5G is estimated to valuate to US$ 33,280.4 Mn in 2023 and is predicted to grow at a CAGR of 37.2% from 2023 to 2033.

Long term evolution (LTE) advanced is a mobile communication technology and a major development to mobile communication standards. 5G is a 5th generation wireless system that is the advanced stage of mobile telecommunication standards, preceding the existing IMT (international mobile telecommunications) advanced or 4G standards.

Increasing demand for more sophisticated smart-phones, tablets, and other mobile devices is likely to fuel demand for technologies that can deliver high internet speed, driving the expansion of the LTE advanced and 5G market. Such factors are providing lucrative environment for the adoption of LTE advanced and 5G systems in the coming future.

The market in North America for LTE advanced and 5G held the largest market share of 25.6% in the global landscape for 2022 and is expected to retain its leading position throughout the forecast period. LTE Advanced and 5G market in the Europe held around 23.2% market share in 2022.

What Role Will 5G play in the Automation Industry?

“5G Services Would Be Critical in Providing Seamless Communications Between Infrastructures”

The worldwide 5G applications and services market is expected to be driven by factors such as the increasing adoption of technology in the transportation sector. Transportation and logistics are another area that could offer opportunities for the 5G services industry. 5G services would be critical in providing seamless communications between cars and infrastructure to minimize the risk of traffic accidents. As a result, it will accelerate the 5G applications and services market throughout the study period.

The fact that technology increases overall productivity and provides benefits such as cost efficiency, will drive the expansion of the 5G technology throughout the research period. 5G wireless technology has the potential to drive substantial vertical shifts. It raises profitability and diminishes the dependability of employees.

• In December 2022, a Memorandum of Understanding was signed between Ericsson and the Digital Economy Promotion Agency to work together to further Thailand's 5G-based digital transformation.
• In July 2020, Nokia and Vivo deployed a private LTE solution for the Brazilian mining company Vale. The network was chosen for low latencies, capacity and reliability in handling the autonomous mining equipment.

Why Is LTE Advanced and 5G Market dominating in US?

“Wireless Data Traffic in The US Has Skyrocketed”

With the advancement of wireless technology, apps, and connections, cellular data usage has steadily climbed year after year, reaching 53.4 trillion MBs in 2021, as reported by CTIA in their 2022 Annual Report. This indicates that US networks are sustaining more data usage than they did from 2010 to 2017.

Due to these factors, US is analyzed to dominate the global LTE advanced and 5Gmarket with the share of 16.5% in 2022.

Will LTE Advanced and 5G Market in India provide Growth Opportunities?

“Internet Usage In India Has Boomed Significantly Since COVID-19”

With the proliferation of broadband, technological advancements during the COVID-19 pandemic have resulted in a massive growth of personal data, creating opportunities for value creation and socioeconomic development. Operators are preparing 'future networks' by implementing 5G technologies, forming alliances, and exploring use cases via 5G tests. Convergence, Big Data, IoT, AI, AR, cloud, and robotics are transforming individuals and businesses alike.

Due to these factors the LTE advanced and 5G market is estimated to grow at a CAGR of 38.9% over the forecast period in India.

Why Adoption of LTE Advanced and 5G systems will increase in Europe. Also which country holds largest market share?

“Rising Adoption of 5G Technologies Along with The Increasing R&D in Future Possibilities”

The Smart Networks and Services Joint Undertaking (SNJU) has chosen its first portfolio of 35 studies, innovation, and trial projects to support the evolution of 5G ecosystems in Europe.

Germany is the country with the highest market share with a 10.4% in Europe, the German government has revealed a new approach that they believe would push the installation of "gigabit" broadband across the country in the coming years, with goals of providing fiber-to-the-home and 5G everywhere people live, work, and travel by 2030.

Category-wise Insights

Why LTE Advanced Segment by Component Has the Larger Market Share in The LTE Advanced and 5G market?

LTE advanced is an updated form of LTE that improves the network's stability, bandwidth, and speed. It includes several advancements such as carrier aggregation, enhanced utilization of multi-antenna methods, and support for relay nodes, which can significantly improve mobile communication services.

Such factors are responsible for the share of 42.3%of LTE advanced segment in the LTE advanced and 5G market.

Why Industrial Deployment Area has the largest market share in 2022?

Based on the deployment area type the share of industrial deployment in LTE advanced and 5G market hold the largest share of 27.6% in 2022, owing to the factors such as increased demand for connected infrastructure & the demand for a well connected 5G based manufacturing environment as well as LTE advanced & 5G market recent engagement with the automation industry.

Competitive Landscape

Major LTE advanced and 5G companies are collaborating to accelerate the technological advancements in the development and adoption of the LTE advanced and 5G systems, the demand for 5G Networks can differ for countries and industries.

• In January 2023, State-run BSNL empanelled system integrator firm Amantya Technologies for setting up captive non-public network 5G networks. As per the partnership agreement, Amantya will set up and maintain CNPNs for its private 5G customers in partnership with BSNL.
• In July 2021, Indian service provider Reliance Jio expanded its network outreach to include more than 100 cities across the nation, this will help in the internet penetration of the country and expand the market for Reliance Jio.

Recent developments related to key players providing LTE advanced and 5G market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

LTE Advanced and 5G Report Scope

Key Segments of LTE Advanced and 5G Market Industry Research

By Component:

• Network Element
  • Small Cell
  • Macro Cell
  • LTE/5G RAN
  • LTE/5G Core
  • AAU (Active Antenna Unit)
  • BBU (Baseband Unit)
  • Others
• Services
  • Professional Services
    • Consulting & Training
    • Deployment & Integration
    • Support & Maintenance
  • Managed Services

By Technology:

• LTE Advanced
• Advanced Pro
• 5G

By Deployment Area:

• Residential
• Commercial
• Industrial
• Government

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East and Africa

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