4G (LTE) Devices Market

4G (LTE) Devices Market Outlook (2023-2033)

The market for 4G (LTE) devices was valued at US$ 44,654.8 Mn in 2022, and by the end of 2033, it is expected to have grown to US$ 65,775.3 Mn. The market for 4G (LTE) devices is estimated to valuate to US$ 45,592.6 Mn in 2023 and is predicted to grow at a CAGR of 3.7% from 2023 to 2033.

Long-term evolution, also known as LTE, is a telecommunications standard for wireless broadband communication for mobile devices. Mobile devices are small, light, and portable computing devices with optional mini-keyboards and touch or non-touch display screens. A smartphone is a more sophisticated mobile phone with a number of advanced functions. Different operating systems, including Blackberry OS, Android OS, iOS, Windows, and others, run on smartphones. A tablet is also a wireless, portable computer with a touchscreen interface that is larger than a smartphone but relatively smaller than a computer.

Global smartphone penetration is increasing, which has accelerated data flow and put more demand on the communication infrastructure. This has forced telecom companies to upgrade their 4G (LTE) networks in order to guarantee capacity and satisfy customer needs at reasonable prices. Over the course of the projection period, these variables are anticipated to fuel market expansion.

The market in North America held a leading market share of 27.4% and remain the market leader for the forecast period. The demand for 4G (LTE) devices in the Europe region will hold around 21.0% of the market in 2022.

What Restraints Will Hamper the Growth of the 4G (LTE) Devices Market?

“Lack of Awareness Associated to 4G (LTE) in Various Nations is Anticipated to Hinder the Global 4G (LTE) Devices Market Development”

Some nations, have 3G networks that are fast and sufficiently functional. Furthermore, during the course of the forecast period, the expansion of the global 4G (LTE) devices market is anticipated to be constrained by poor knowledge of the advantages of 4G-LTE. Mobile customers in the U.K. have an average 3G network speed of 27.9 Mbps, which is faster than Internet speeds in the rest of Europe, In consequence, this restricts the country's adoption of 4G LTE. Emergence of 5G technology can slow down the growth of 4G (LTE) devices.

• In August 2022, Samsung launched its 4G LTE version of its modern Galaxy S21 Smartphone Series.
• In September 2021, Airtel expanded its 4G network in Kerala using LTE 900 technology.

In U.S 4G (LTE) Devices Market is Developing?

“The Market Growth in The U.S. Is Expected to Develop as A Result of the Large Range of Modern and Improved Connectivity Alternatives brought about by Iot Technological Advancement.”

Rapid IoT growth has led to the integration of a massive network of intelligent, cellular-connected machines and gadgets. This has led to the creation of a number of connectivity options, which are anticipated to accelerate market growth throughout the foreseeable future in the U.S.

Due to these factors, US region is analyzed to dominate the global 4G (LTE) devices market with the share of 19.3% in 2022.

Is 4G (LTE) Devices Market in India will provide Growth Opportunities?

“Growth Opportunities for the 4G (LTE) Devices Market Are Being Created by Increasing Demand for Low-Priced Smartphones”

Consumers in emerging economies are acquiring low-cost smartphones with advanced capabilities that support 4G LTE in greater numbers. Thus, in order to increase their customer base, manufacturers are concentrating on providing affordable 4G LTE devices. Thus, this factor is driving the market growth in the nation.

Due to these factors the 4G (LTE) devices market is estimated to grow at a CAGR of 3.2% over the forecast period in India.

Why Adoption of 4G (LTE) devices increases in Europe. Also which country holds largest market share?

“Paradigm transition from 3G to 4G Cellular Data Network is Major Factor Driving the Market Growth”

Germany is one of the most economically significant country in European region and it holds the largest market share of 12.8% in the European 4G (LTE) devices market. Devices with innovative functionality and low latency are increasingly in demand from consumers. While streaming HD films or playing online games, one can clearly tell the difference between 3G and 4G networks. The shift from 3G to 4G cellular networks is being accelerated by 4G (LTE), which allows users to access information and data at a rate that is far faster than 3G. Thus, the transitions are creating opportunity for the market growth in the U.S.

Category-wise Insights

Why Smartphones Have the Largest Market Share in 4G (LTE) devices Market?

“Increasing Adoption of Smartphones Drives Demand for Smartphones Segment in Devices Type”

Smartphones segment holds the largest market share of 63.4% in the 4G (LTE) devices market. The government's endeavours to implement technological developments in networking infrastructure and the rising adoption of smartphones in emerging nations are the main drivers of the segment growth during the forecast period.

Why Multi Brand Stores is estimated to have the Largest Growth Rate for 4G (LTE) devices Market?

“Multi Brand Stores to Have the Fastest Growth Rate”

Comparatively to the multi-brand store and online distribution channel sectors, which are anticipated to experience relatively flat growth rates during the forecast period, the single brand store distribution channel segment is anticipated to experience significant growth globally.

Competitive Landscape

Major 4G (LTE) devices companies are collaborating and partnering with other organizations to improve their product offering and focusing on the expansion of their market size.

• In December 2022, Using SES's O3b mPOWER, Vodafone Cook Islands will provide 4G+ networks across the Cook Islands.
• In December 2022, Together, Verizon and Amazon formed a partnership to compete with Starlink. With high expectations for its 5G and 4G wireless networks to develop without the need for conventional infrastructure like fibre cable networks, Verizon stands to earn a lot from the purchase, especially in neglected places. This could assist Verizon in fulfilling its promise of 5G service, which it first introduced to the globe but has subsequently fallen behind T-Mobile in delivering.

Recent developments related to key players providing 4G (LTE) devices market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

4G (LTE) Devices Market Report Scope

Key Segments of 4G (LTE) Devices Market Industry Research

By Device Type:

• Smartphones
• Tablets

By Pricing:

• Low
• Medium
• Premium

By Distribution Channel:

• Multi Brand Stores
  • Organized
  • Independent
• Single Brand Stores
• Online

By Region:

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

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