LTE Base Station System Market Overview:
Rapid growth of urban population with 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, 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 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 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 growth of the LTE base station system market. Moreover, growth in focus of government organizations on the implementation of IoT solutions supplement 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, threat of new entrants, 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 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
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 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 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 customer demands majorly influences the adoption of the LTE.
Key Benefits of the LTE Base Station System Market Report:
- 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 quantitative assessment to highlight the financial competency of the LTE base station system industry, during the period, 2016‐2023...
- 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.
The Long-term evolution (LTE) base station system is an equipment, which is designed to save energy and reduce cost. It uses latest technology to improve installation and to significantly reduce power consumption. Furthermore, the unprecedented growth of the telecom market and increase in smartphones and tablets penetration predominantly drives the market. The wireless communication is one of the most essential components for end users. Moreover, increase in network traffic and growth in need of high data transfer rate among end users created immense opportunities for the industry.
Higher network traffic during work hours and continuous increase in requirement of faster data transmission especially in urban area fuels the growth of the LTE base station system market. The growth of the industry is pertained to the development of overall telecom market. Moreover, progress of smart city projects with integrating digital technologies and M2M communications to provide connected solutions in many developing regions and development of LTE/5G technology also play a prominent role.
Some of the key players operating in the LTE base station system market that are profiled in the report 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. The market players are taking up growth strategies to enhance their product portfolio lists, increase market penetration, and invest in priority approaches for research. They develop new products to increase their customer base and capitalize on the growth in demand for LTE base station systems.