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LTE Base Station System Market Size, Share, Growth, Opportunities, and Forecast : 2018
LTE Base Station System Market by Product Type (TDD-LTE and FDD-LTE) and End User [Residential & Small Office or Home Office (SOHO), Enterprise, Urban, and Rural] - Global Opportunity Analysis and Industry Forecast, 2017-2023
- Report Number: 188529
- Publish Date: 3-August-2018
LTE Base Station System Market Overview:
LTE Base Station System Market was valued at $21,824 million in 2016, and is projected to reach $71,977 million by 2023, growing at a CAGR of 18.6%. The rapid growth of urban population with an increase in telecom subscriber base necessitated the emergence of long-term evolution (LTE) base station system to satisfy growth in need of high-speed broadband services. Furthermore, the rise in adoption of mobile media by enterprises for promotional and sales activities provided scope to the LTE base station system market. Apart from this, growth in the use of location-based searches by individual users provided the marketers with immense scope to target their customers and enhance the user experience.
LTE is a standard for high-speed wireless communication for mobile phones and data terminals, to increase the capacity and speed. It does so by using a different radio interface together with core network improvements. The LTE base stations provide the main link in a chain, which connects users to the mobile network. It is one of many crucial components to deliver the quality of service and separate incumbency from obsolescence.
The rapid growth of urban population with an increase in telecom subscriber base is attributed to the growth of the LTE base station system market. Moreover, growth in the focus of government organizations on the implementation of IoT solutions supplements the market growth. The stakeholders invest in technology and growth of smart city projects to integrate digital technologies support the industry. In addition, M2M communications providing connected solutions generate the need for high-speed broadband services, thus, fueling the demand for LTE base station system.
However, factors, such as stringent norms for telecom operators in some countries and lack of availability of compatible devices hamper the LTE base station system market growth to a certain extent.
The report focuses on the growth prospects and restraints of the market based on the analysis of regional trends. The study provides Porter’s Five Forces analysis of the LTE base station system industry to understand the impact of various factors. These include bargaining power of suppliers, competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and bargaining power of buyers on the growth of the market.
Segment Review of the LTE Base Station System Market:
The global LTE base station system market is segmented based on product type, end user, and geography. Based on product type, it is divided into TDD-LTE and FDD-LTE. Based on the end user, it is classified into residential & small office or home office (SOHO), enterprise, urban, and rural. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA including country-level analysis for each region.
The key players operating in the global LTE base station system market include Ericsson AB, Huawei Technologies Co., Ltd., Nokia Corporation, ZTE Corporation, Alpha Networks Inc. AT&T Inc., Airspan, Cisco Systems Inc., CommScope Inc., and Motorola Solutions.
LTE Base Station System Market Segmentation
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Top Impacting Factors
The LTE base station system market is expected to be driven by continuous growth in demand for high-speed broadband services, rise in consumer awareness of IoT applications, and need for high data transfer. However, lack of availability of compatible devices and stringent norms for telecom operators in some countries are expected to hamper the market growth during the forecast period.
Continuous Growth in Demand for High-speed Broadband Services
Broadband services are essential elements of global productivity and communication. Individuals, businesses, and governments continue to rely on the quality of high-speed data & broadband services to interact, inform, educate, and entertain. The aforementioned factors lead to the growth of the LTE base station system market.
Rise in Consumer Awareness of IoT Applications, Such as Connected Homes & Automobiles
Internet connectivity is a crucial access channel for supporting & enabling communications over large-scale IoT applications. The increase in demand for network capacity to access the connected services fuels the growth of the LTE base station system market. Furthermore, the industry witnesses continued demand growth of faster mobile broadband communication to seamlessly integrate the connected devices.
Growth of Overall Telecom Market
Telecom operators experience growth in demands for fast speed, reliable communication, and stable cellular services from their users, which is possible by increasing the network capacity. This leads to rise in adoption of the stations by a number of telecom operators to provide value-added services, such as VoLTE (voice over LTE) and integrating OTT (over-the-top) messaging/value-added services which will trigger the quest for new business models.
Increase in Need for High Data Transfer Rate
Increase in technological advancements and rise in awareness regarding the same boost the growth of the market. Customers expect a smooth, rapid, and seamless data access while using a mobile broadband. These demands majorly influences the adoption of the LTE.
- It includes the analytical depiction of the market along with current trends and future estimations to determine the imminent investment pockets.
- It presents information related to key drivers, restraints, and opportunities.
- It offers a quantitative assessment to highlight the financial competency of the LTE base station system industry, during the period, 20162023.
- It includes Porter’s Five Forces analysis to the potency of buyers & suppliers in the industry.
LTE Base Station System Market Key Segments:
By Product Type
By End User
- Residential & Small Office or Home Office (SOHO)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Market Players
- Ericsson AB
- Huawei Technologies Co., Ltd.
- Nokia Corporation
- ZTE Corporation
- Alpha Networks Inc.
- AT&T Inc.
- Cisco Systems Inc.
- CommScope Inc.
- Motorola Solutions.
Table Of Content
Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.4.1. Secondary research
Chapter: 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2.1. Top impacting factors
3.3. PORTERS FIVE FORCES ANALYSIS
Chapter: 4 GLOBAL LTE BASE STATION SYSTEM MARKET, BY PRODUCT TYPE
4.1.1. Market size & forecast
4.2.1. Key market trends
4.3.1. Key market trends
Chapter: 5 GLOBAL LTE BASE STATION SYSTEM MARKET, BY END USER
5.1.1. Market size & forecast
5.2. RESIDENTIAL & SMALL OFFICE OR HOME OFFICE (SOHO)
5.2.1. Key market trends
5.3.1. Key market trends
5.4.1. Key market trends
5.5.1. Key market trends
Chapter: 6 LTE BASE STATION SYSTEM MARKET, BY GEOGRAPHY
6.2.1. Key market trends
6.3.1. Key market trends
188.8.131.52. Rest of Europe
6.4.1. Key market trends
184.108.40.206. Rest of Asia-Pacific
6.5.1. Key market trends
220.127.116.11. Latin America
18.104.22.168. Middle East
Chapter: 7 COMPANY PROFILES
7.1. ERICSSON AB
7.1.1. Company overview
7.2. HUAWEI TECHNOLOGIES CO., LTD.
7.2.1. Company overview
7.3. NOKIA CORPORATION
7.3.1. Company overview
7.4. ZTE CORPORATION
7.4.1. Company overview
7.5. ALPHA NETWORKS INC.
7.5.1. Company overview
7.6. AT&T INC.
7.6.1. Company overview
7.7.1. Company overview
7.8. CISCO SYSTEMS INC.
7.8.1. Company overview
7.9. COMMSCOPE INC.
7.9.1. Company overview
7.10. MOTOROLA SOLUTIONSS
7.10.1. Company overview
LIST OF TABLES
TABLE 1. GLOBAL LTE BASE STATION SYSTEM MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
LIST OF FIGURES
FIGURE 1. GLOBAL LTE BASE STATION SYSTEM MARKET: SEGMENTATION